Enterprise Asset Management Market Size, Share, Growth, Forecast 2032

Enterprise Asset Management (EAM) is a comprehensive approach to managing an organization's physical assets throughout their entire lifecycle, from acquisition to disposal. These assets can include a wide range of items, such as equipment, machinery, vehicles, buildings, infrastructure, IT hardware, and more. EAM involves processes, systems, and strategies designed to optimize the utilization, performance, maintenance, and cost-effectiveness of these assets while ensuring compliance with regulations and industry standards.

Enterprise Asset Management (EAM) involves the management of an organization's physical assets throughout their lifecycle, from acquisition to disposal. As of my last knowledge update in September 2021, the EAM market was evolving with the integration of digital technologies and the growing importance of asset optimization.

The global enterprise asset management market size was evaluated at US$ 28.73 Billion  in 2023, set to reach US$ 86.30 Billion  by 2032 at a CAGR of about 13% from 2024 to 2032.

a CAGR of nearly 13% between 2024 to 2032

Global enterprise asset management market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is predicted to have growth in the enterprise asset management market owing to the presence of developed countries such as the US and Canada and these regions are considered to be the most advance in terms of adopting digital technology. Moreover, rising demand for EMA in the region to reduce equipment breakdowns and increase productivity. This is anticipated to propel market growth in the long run.

Major players in enterprise asset management market include Oracle, IBM, SAP, IFS, ABB, Infor, CGI, Aptean, Maintenance Connection, IPS, AssetWorks, and AVEVA among others.