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Enterprise Asset Management (EAM) Market Size

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

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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.

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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.

Enterprise Asset Management Market Report Attributes
Report Attribute	Details
Base Year:	2024
Enterprise Asset Management Market Size in 2024:	USD 5.7 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	9.9%
2025 – 2034 Value Projection:	USD 14.5 Billion
Historical Data for:	2021 – 2024
No. of Pages:	160
Tables, Charts & Figures:	180
Segments covered:	Component, Deployment Model, Organization Size, Application, End Use
Growth Drivers:	Rising shift from traditional to modern asset management methods Increasing adoption of SaaS-based EAM solutions Growing use of IoT platforms for asset management Integration of AI, IoT, and analytics in EAM systems
Pitfalls & Challenges:	Skilled workforce shortage Integration complexities with legacy systems

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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%.

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.