The Asia Pacific Enterprise Asset Management Market would witness market growth of 12.1% CAGR during the forecast period (2019-2025).
The reliability of a broad spectrum of physical, technological and human resources must be continuously tracked, evaluated and managed by asset-intensive organizations of today. Inventory and manufacturing is also now important to be managed by these organizations. They repair equipment, employ and plan employees, install and manage IT infrastructure, retain physical facilities and handle linear or moving assets infrastructure. Technology infrastructures are tremendously complicated to further complicate matters, typically operating applications and information in silos that can restrict the efficiency of cross-organizational activities and efficiencies.
Increasing demand for adherence to rigid regulatory compliances, increasing the existence of EAM suppliers and reducing government assistance are key factors in the market growth over the forecast period. Heavy investment by private and public industries to manage essential resources and machinery, arising in enhanced demand for EAM alternatives and facilities used to enhance the asset life cycle and decrease general maintenance costs, is a significant driver of market growth in APAC.
Based on Component, the market is segmented into Solution and Services. Solutions segment is further segmented into Inventory Management, Facility Management, Labor Management, Asset Lifecycle Management, Predictive Maintenance and Others. Services segment is further categorized into Integration & Deployment, Advisory & Consulting and Support & Maintenance. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on Deployment Type, the market is segmented into On Premise and Cloud. Based on End User, the market is segmented into Energy & Utilities, Healthcare & Life Sciences, Transportation & Logistics, Manufacturing, Telecom & IT, Government & Public Sector and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Infor, Inc., ABB Group, CGI, Inc., Aptean, Inc., AVEVA Group PLC, Upkeep Technologies, Inc. and Ultimo Software Solutions, Inc.
By Component
By Organization Size
By Deployment Type
By End User
By Country
Companies Profiled
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