Market Synopsis

Accroding to MRFR, Global Enterprise Asset Management Market has been valued at USD 4 billion which is poised to grow at USD 8 billion by the end of the forecast period with CAGR of 11%.

Market Scenario

The brisk development in industrialization triggers demand for integrated and centralized asset management solutions, leading to the expansion of the global asset management market over the forecast period. Enterprise asset management or EAM features such as maximizing profitability by growing an organization’s asset lifecycle and reducing maintenance and procurement costs, create a large avenue for expanding the global enterprise asset management sector.

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Market Segmentation

The global market for the management of company assets was segmented based on vertical deployment, type of organization, and application. The demand for the EAM is segmented into on-cloud and on-premise based on implementation. The on-cloud segment is expected to grow at the fastest rate due to increasing preference globally for cloud-based solutions.

The global EAM market was segmented into SMEs and large organisations, based on the type of organization.

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