Enterprise Asset Management Market Outlook and Opportunities in Grooming Regions

Posted by Devanshu Shrivastava on April 6th, 2021

The increasing requirement for higher return on assets (ROA) is pushing up the demand for enterprise asset management (EAM) solutions among businesses. The demand for enterprise asset management (EAM) solutions is growing rapidly across the world. The valuation of the enterprise asset management market is predicted to rise from .5 billion in 2019 to .9 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 17.0% between 2020 and 2030.

Depending on offering, the market is divided into service and solution categories. Between these, the solution category recorded higher growth in the market in the past. This was primarily because of the huge demand for the effective management of various enterprise assets and resources, the comprehensive visibility of enterprise assets, and the expansion of various industries such as telecommunications, healthcare, retail, and manufacturing.

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The enterprise asset management industry is also categorized into small and medium enterprises (SMEs) and large enterprises. Of these, the large enterprises category recorded higher growth in the market during the past few years, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge demand for the efficient management of several assets, predicting the equipment downtime, determining the causes of machine malfunctioning/breakdown, and meeting the compliance requirements of large companies.

This market research report provides a comprehensive overview of the 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