Enterprise Asset Management (EAM) Market Size - By Component, By Deployment Model, By Organization Size, By Application, By End Use, Growth Forecast, 2025 – 2034

Enterprise Asset Management Market Size

The global enterprise asset management market size was valued at USD 5.7 billion in 2024 and is estimated to register a CAGR of 9.9% between 2025 and 2034. The market growth is propelled by the increasing adoption of advanced digital solutions for asset optimization and the rising demand for predictive maintenance across industries. Strategic acquisitions and partnerships are significantly shaping the competitive landscape. For instance, in June 2024, IFS acquired Copperleaf Technologies, enhancing its capabilities in asset investment planning and management, which complements its EAM offerings.
 

The adoption of EAM systems is transforming asset-intensive industries by streamlining operations, minimizing downtime, and improving decision-making. The integration of AI, IoT, and big data analytics in EAM solutions enables real-time monitoring and predictive insights, driving operational efficiency and cost reductions. As companies prioritize the digital transformation of their asset management processes, EAM solutions are becoming indispensable for achieving sustainable and scalable growth.
 

Additionally, the inventory management software sector is experiencing robust growth, driven by the increasing need for businesses to optimize their supply chain operations and improve inventory accuracy. As companies face rising customer expectations for timely deliveries and efficient order fulfilment, the demand for advanced inventory management solutions has surged. These software systems enable organizations to gain real-time visibility into their inventory levels, streamline replenishment processes, and minimize excess stock, ultimately enhancing operational efficiency. The inventory management software is projected to grow and generate revenue of around USD 6 billion by 2032, with an annual growth rate of over 5%.
 

Enterprise Asset Management Market Trends

The increasing focus on sustainability and operational efficiency is further driving significant advancements in the EAM industry. Organizations are leveraging AI-powered tools for predictive maintenance and resource optimization, enhancing the reliability and longevity of critical assets. For instance, in August 2023, IFS strengthened its market position by acquiring Falkonry, an AI-driven analytics tool developer, enabling advanced data-driven equipment maintenance and management.
 

Cloud-based EAM solutions are gaining traction as enterprises seek cost-effective and scalable deployment models. These solutions empower organizations to monitor and manage their assets from any location, reducing downtime and enhancing productivity. Furthermore, the integration of IoT in EAM systems provides real-time asset tracking and performance insights, enabling proactive decision-making.
 

Moreover, the growing emphasis on Environmental, Social, and Governance (ESG) standards presents a lucrative opportunity for EAM solution providers. Organizations are increasingly prioritizing sustainability in their operations, seeking tools that enable efficient energy use, waste reduction, and carbon footprint tracking. EAM solutions that integrate sustainability features can help companies align with global environmental goals and drive long-term value. The rising adoption of green technologies in asset management is expected to open lucrative growth opportunities, particularly in industries such as energy, utilities, and transportation.
 

The enterprise asset management market faces several challenges such as shortage of skilled workforce and integration complexities with legacy systems. The rapid advancement of technology necessitates specialized expertise, making it difficult for organizations to find qualified personnel to implement and manage modern EAM solutions effectively. Moreover, many enterprises still depend on outdated infrastructure, which complicates the integration of new technologies. These legacy systems often lead to challenges in data migration and interoperability, requiring substantial investment of time and resources for seamless integration, thus hindering market growth.
 

Enterprise Asset Management Market Analysis

Based on component, the market is divided into solution and service. In 2024, the solution segment was valued at over USD 3.5 billion. The segment growth is driven by the rising demand for comprehensive software solutions that enable real-time asset monitoring, predictive maintenance, and lifecycle management. EAM solutions provide an integrated platform for managing assets across their entire lifecycle, from procurement to decommissioning. These solutions leverage AI and IoT technologies to enable predictive analytics, reduce downtime, and enhance operational efficiency.
 

Based on organization size, the enterprise asset management market is categorized into large enterprises and SME. The large enterprises segment is anticipated to register a CAGR of over 8% from 2025 to 2034. The segment dominates due to their substantial investments in advanced asset management systems and technologies. Large organizations, especially in industries such as energy, manufacturing, and transportation, require advanced EAM solutions to manage complex asset portfolios. These enterprises are increasingly adopting AI-driven EAM solutions to optimize operations, enhance decision-making, and achieve cost efficiency.
 

North America dominated the global enterprise asset management market with a major share of over 40% in 2024. The U.S. market growth is supported by the widespread adoption of digital transformation initiatives and advanced asset management technologies. Industries such as utilities, transportation, and manufacturing are leading adopters, focusing on reducing operational costs and maximizing asset performance. Government regulations mandating asset compliance and safety standards further drive the adoption of EAM systems.
 

In Europe, the market is driven by an increased focus on technological innovation and operational efficiency across various industries. As companies in sectors such as manufacturing, energy, and transportation seek to optimize their asset utilization, the demand for modern EAM solutions continues to rise. European organizations are increasingly adopting cloud-based EAM systems, which offer flexibility and scalability while enabling real-time data access and collaboration.
 

Additionally, Asia Pacific is emerging as a fastest growing region for the EAM market, propelled by rapid industrialization, infrastructure development, and increasing investment in digital transformation. Countries such as China, India, and Australia are leading adopters of EAM solutions, particularly in manufacturing, utilities, and mining industries. The adoption of cloud-based and IoT-enabled EAM systems is growing rapidly in the region, supported by government initiatives to modernize infrastructure and improve operational efficiency.
 

Enterprise Asset Management Market Share

IFS AB, IBM, and Oracle hold a significant market share of over 38% in enterprise asset management industry. These companies are integrating AI, IoT, and big data analytics into their solutions to address the evolving needs of industries and enable efficient asset management. By leveraging these technologies, companies can gain valuable insights into asset performance, predictive maintenance, and overall lifecycle management, thereby driving enhanced productivity and reduced operational costs.
 

Additionally, acquisitions and partnerships remain a core strategy for market players such as TMS systems and CGI to strengthen their capabilities and expand their market presence. For instance, in October 2024, TMA Systems acquisition of MEX expanded its global reach and bolstered its EAM capabilities in industries such as mining and energy. Such initiatives reflect the dynamic nature of the market, where innovation and collaboration are key drivers of success.
 

Enterprise Asset Management Market Companies

Major players operating in the enterprise asset management industry include:

• ABB
• Aveva
• CGI
• IBM
• IFS AB
• Infor
• Oracle
• SAP SE
• Ultimo Software
• UpKeep 
   

Enterprise Asset Management Industry News

• In August 2024, Aptean announced the acquisition of SSG Insight, a prominent Enterprise Asset Management (EAM) solutions provider based in Wakefield, UK. This acquisition expands Aptean’s geographic presence in the EAM market and enhances its cloud-based EAM offerings, tailored for industries such as manufacturing, distribution, logistics, healthcare, light rail operations, and other asset-intensive sectors.
   
• In February 2024, BPD Zenith acquired EAM Swiss, an EAM company based in Switzerland. This acquisition strengthens BPD Zenith’s European footprint and reinforces its global leadership position in the EAM industry. The deal includes all EAM Swiss assets, intellectual property, and a team of experienced Maximo-certified consultants.
   

The enterprise asset management (EAM) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) from 2021 to 2034, for the following segments:

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Market, By Component

• Solution
  • Asset lifecycle management
  • Predictive maintenance
  • Work order management
  • Labor management
  • Facility management
  • Inventory management
• Service
  • Professional services
  • Managed services

Market, By Deployment Model

• On-premises
• Cloud

Market, By Organization Size

• Large enterprise
• SME

Market, By Application

• Asset MRO
• Linear assets
• Non-linear assets
• Field service management

Market, By End Use

• Energy & utilities
• Manufacturing
• IT & telecom
• Healthcare
• Oil & gas
• Transportation & logistics
• Government & public sector
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• MEA
  • UAE
  • South Africa
  • Saudi Arabia
  • Israel