Enterprise Asset Management Market Size

Enterprise Asset Management Market size is estimated at USD 5.1 billion in 2024 and is anticipated to reach USD 18.6 billion by the end of 2037, expanding at around 10.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of enterprise asset management is evaluated at USD 5.6 billion.

Enterprise asset management (EAM) solutions are widely adopted by several industries such as automotive, healthcare, retail, and IT & Telecom to effectively plan, optimize, and execute their business operations. The digital shift is one of the prime factors boosting the sales of enterprise asset management solutions across the world.

Depending on the industry requirements, the deployment of cloud and on-premise enterprise asset management solutions varies. The demand for cloud-based enterprise asset management components is projected to capture a significant enterprise asset management market share of 65.5% by 2037. Cloud-based EAM systems operate on subscription models that aid in mitigating the upfront investments in large and complex hardware solutions. This financial flexibility is driving the attention of end users to opt for cost-effective cloud-based enterprise asset management systems. For instance, the Cloud Security Alliance revealed that around 70% of businesses are employing cloud computing platforms such as Software as a Service (SaaS).

Some businesses also adopt hybrid systems that combine features of both on-premise and cloud. For instance, in 2020, IBM and Tech Mahindra collaborated to offer hybrid cloud strategies to end use industries such as financial services, manufacturing, insurance, retail, telecommunication, and healthcare.