Enterprise Asset Management (EAM) Global Market Set To Reach $13.87 Billion By 2029
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The Business Research Company's Enterprise Asset Management (EAM) Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, May 26, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034
Starting at $7.25 billion in 2024, the enterprise asset management Eam market size has grown rapidly and is projected to reach $8.27 billion in 2025, representing a compound annual growth rate CAGR of 14.0%. This growth can be attributed to a variety of factors, from an increasing focus on maintenance and a surge in demand for mobile-based EAM applications to significant investments in automation, the growing adoption of renewable energy assets and an enhanced importance placed on sustainable and green asset management.
Where Is The Enterprise Asset Management (EAM) Market Headed In The Future?
Continuing its upward trajectory, the enterprise asset management (EAM) market size is anticipated to expand to $13.87 billion in 2029, boasting a CAGR of 13.8%. This expected growth in the forecast period is largely derived from a surge in demand for cloud-based EAM solutions, heightened cybersecurity concerns, an increase in automation of maintenance workflows, burgeoning use of edge computing, and a more significant role for AI-driven insights. Key trends include IoT-enabled asset tracking, cloud-based EAM solutions, the advent of digital twin technology, enhanced asset connectivity powered by 5G, and cybersecurity improvements.
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What Factors Have Driven The Recent Growth In The Enterprise Asset Management (EAM) Market Size?
Growth in this area is being propelled by diverse factors—ranging from the intensifying focus on asset upkeep and the proliferation of mobile-based EAM applications to strategic automation investments, the rapid uptake of renewable energy resources, and the rising significance of sustainability in asset management.
Which Companies Are Leading The Enterprise Asset Management (EAM) Market?
The enterprise asset management (EAM) market is dominated by several key industry players that include Siemens AG, Accenture plc, International Business Machines Corporation, Oracle Corporation, SAP SE, and CGI Inc., among others. These industry titans have been focusing on the advancement of strategic solutions like cloud-based EAM systems to improve asset tracking and operational efficiency.
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What Are The Noteworthy Trends In The Enterprise Asset Management (EAM) Market?
Major companies operating in the enterprise asset management (EAM) market are pioneering the development of advanced solutions, like cloud-based EAM systems, to enhance asset tracking and boost operational efficiency. A cloud-based EAM is an innovative software solution hosted on the cloud, enabling organizations to monitor, manage, and optimize their physical assets throughout their lifecycle.
How Is The Enterprise Asset Management (EAM) Market Segmented?
The enterprise asset management (EAM) market is divided based on:
1 Type Of Components: Software, Services
2 Organization Type: Small And Medium Enterprises, Large Organizations
3 Application: Asset Lifecycle Management, Labor Management, Inventory Management, Predictive Maintenance, Work Order Management, Other Applications
4 End-User: Healthcare, Government, Information Technology And Telecommunication, Banking, Financial Services, And Insurance BFSI, Manufacturing, Energy And Utility, Transportation, Other End-Users
Subsegments include:
1 By Software: Cloud-Based, On-Premise
2 By Services: Implementation And Integration, Consulting And Advisory, Training And Support, Managed Services
What Are The Regional Insights Into The Enterprise Asset Management (EAM) Market Growth?
In 2024, North America held the largest regional share of the enterprise asset management (EAM) market. However, the fastest growth is expected from the Asia-Pacific region in the forecast period.
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