Enterprise Asset Management Market Share

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