Top Companies in Enterprise Asset Management Market | Top Key Players Comprehensive Research Report | Market Cap, Revenue and Price analysis, Growth rate, Sales Volume | Vantage Market Research
Enterprise Asset Management (EAM) is the ideal lifecycle management solution that addresses an organization's enterprise asset management benefits (EAM).
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Market Overview:
The Global Enterprise Asset Management Market was valued at USD 3,294.1 Million in the year 2021 and is expected to reach a value of USD 5,374.1 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.5% over the forecast period. Enterprise Asset Management (EAM) is a set of processes and tools that allow companies to track and control their assets such as machinery, equipment, buildings, and vehicles throughout their life cycle from acquisition to disposal. At its core Enterprise Asset Management (EAM), plans, execute, performs, and tracks all maintenance activities with essential related resources, skills, building materials, tools, costs, and other information.
Increasing demand for improved lifecycle performance of assets promotes global Enterprise Asset Management (EAM) Market growth. In addition, depending on the physical infrastructure, there is a significant obligation to drive the market. The emergence of a cloud deployment model and integrating big data with EAM will likely create business opportunities. However, high costs and lack of awareness have hindered market growth. Due to increased acquisition rates, Asia-Pacific, the Middle East, and Africa will provide several opportunities to expand the business asset management market.
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Some of the key players operating in the Enterprise Asset Management Market are listed below:
|
Company Name |
Revenue in the US |
|
$57 Billion |
|
$31 Billion |
|
$41 Billion |
|
$3 Billion |
|
$836 Million |
|
$28 Billion |
|
$21 Million |
|
$9 Billion |
|
$25 Million |
IBM is a multinational technology corporation headquartered in New York that operates in more than 171 countries. The Company is investing in cognitive computing systems, led by the Watson Artificial Intelligence (AI) platform that helps customers analyze vast amounts of data to make better decisions. The company is betting on other areas for growth: security, artificial intelligence, quantum computing, cloud systems, and more. The software units and business services offered by IBM are amongst the biggest globally. Though the Company has placed less attention on hardware, the Company continues data storage and enterprise server product lines that are among industry leaders.
SAP SE is a software company whose Enterprise Resource Planning (ERP) software integrates back-office functions such as distribution, accounting, analytics, & human resources and comes in on-premises and cloud-linked forms. The Company is working on software-as-a-service (SaaS) and cloud computing with its flagship application suite S/4HANA as an alternative to its legacy SAP Business Suite. In addition, the Company provides expenses management and external workforce management. The Company serves more than 440 thousand customers in over 25 industries and their operations span across more than 180 countries.
Oracle, initially called Software Development Laboratories, was established in 1977. Headquartered in the U.S., the Company changed its name to Oracle Corporation from Rational Software Inc. in 1982. The Company is the global leader in database management. In addition, Oracle Corporation produces and provides computer software application services for businesses. The Company is best known for its Oracle database software, a relational database management system, and computer systems & software, such as Solaris and Java. The Company has 20 thousand partners across the globe.
Infor is a multinational enterprise software company founded in 2002 and headquartered in New York City, United States. The Company focuses on business applications for organizations. They deliver services via cloud computing. The Company is focused initially on software ranging from financial systems & enterprise resource planning (ERP) to supply chain & customer relationship management. The Company is active in about 200 countries and has around 17 thousand employees working globally.
IFS AB was founded in 1983. Headquartered in Sweden, the Company is a multinational enterprise software company. The Company delivers and develops enterprise software for customers worldwide who maintain assets, manufacture & distribute goods, and manage service-focused operations. The Company has over 4 thousand employees that support more than 10 thousand customers worldwide from a network of local offices and a growing ecosystem of partners.
ABB Ltd is a Swedish–Swiss multinational company. Headquartered in Switzerland, the Company operates mainly in robotics, electrical equipment, power, heavy, and automation technology areas. The Company has been a global Fortune 500 company for 24 years. The Company is a pioneering technology leader in Protection, Industrial automation, Installation, Control, and Robotics. The Company serves customers in data centers, building services, intelligent buildings, process industries, utilities, transport, and infrastructure globally.
Intelligent Process Solutions (IPS) is located in Slovenia. The Company is part of the computer systems design and related services industry. The Company was established in the year 2004. IPS (Intelligent Process Solutions) is a privately held German software company whose products focus on utilities and specialized industries.
CGI Group Inc. is a Canadian multinational information technology (IT) system and consulting integration company. Headquartered in Canada, the Company went public in 1986 with a primary listing on the Toronto Stock Exchange. The Company is also a constituent of the S&P/TSX 60. The Company caters to its clientele with information technology services and solutions.
Asset Works is a company that provides information technology services and solutions. The Company offers integrated software and hardware development, fleets, consumables, facilities, property, equipment, workplace, infrastructure, fixed assets management, customized IT consultation services, and more. The Company was founded in 1991 and is headquartered in Wayne, US.
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