Enterprise Asset Management Market Business Analysis, Growth and Forecast Report

Posted by Devanshu Shrivastava on December 29th, 2020

Business firms calculate their efficiency and productivity by using the asset turnover ratio, which refers to the financial ratio of the sales to the prices of the assets. To increase the ratio, an enterprise has to ensure that its sales surpass its assets in value.

The deployment of enterprise asset management (EAM) solutions enables asset inventory tracking, invoice charge tracking and meter reading, management of maintenance agreement, analysis of invoice and funding information, and examination of trends in invoice payments and excess charges.

EAM solutions also help enterprises in managing machines, buildings, IT infrastructure, and other assets, by allowing for the timely maintenance of the assets, which increase their life. This saves capital and enables companies to escape the financial and environmental impact of decommissioning the existing assets.

Thus, EAM software helps in maximizing the productivity and utilization of the company's resources, thereby increasing the return on assets (ROA). This factor will drive the enterprise asset management market at a CAGR of 17.0% during the forecast period (2020–2030). At this rate, the market size will increase from 5.5 billion dollar in 2019 to 25.9 billion dollar by 2030.

EAM solutions are widely adopted by large manufacturing enterprises due to the rapid digitalization of the manufacturing industry, increase in infrastructure spending, and rise in the demand for customized products. These solutions are being implemented to facilitate capital planning and streamline operations of physical assets.

Moreover, industrialists are shifting toward cost-effective and investor-friendly methods to increase their consumer base. Additionally, EAM solutions help manufacturing companies in succeeding in the complex regulatory environment.

This market research report provides a comprehensive overview of the EAM market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings