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Enterprise Asset Management (EAM) Market Share

Report ID: GMI5149
Published Date: Dec 2024
Report Format: PDF

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Enterprise Asset Management Market Share

Enterprise Asset Management (EAM) Company Market Share, 2024

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

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of enterprise asset management reached USD 5.7 billion in 2024 and is set to grow at a 9.9% CAGR from 2025 to 2034, driven by the increasing adoption of advanced digital solutions for asset optimization.

The large enterprises segment is anticipated to grow at a CAGR of over 8% from 2025 to 2034, supported by substantial investments in advanced asset management systems to manage complex asset portfolios and optimize operations.

The North America market held over 40% of the global share in 2024, led by widespread digital transformation initiatives and government regulations mandating asset compliance and safety standards.

The key players in the industry include ABB, Aveva, CGI, IBM, IFS AB, Infor, Oracle, SAP SE, Ultimo Software, and UpKeep.