The Latin America, Middle East and Africa Enterprise Asset Management Market would witness market growth of 13.8% CAGR during the forecast period (2019-2025).
Software-as-a-Service (SaaS) has reduced the entry expense and risk that considerably extends adoption into fields that were earlier underserved. Companies also adopt SaaS to acquire new features in the present version and prevent upgrade pain and cost. The average asset age remains to rise, requiring enhanced asset management to function as intended while expanding service longevity. Recently purchased assets also include a range of innovative technologies. A contemporary EAM system offers the means to obtain a large return on investments for the organizational objectives and the managerial needs.
Enterprises are prone to a cloud-based EAM alternative for streamlining work and facility management. Cloud computing allows companies to reduce their overhead costs by lowering their IT infrastructure spending. It also provides enhanced technical support and services by incorporating debugging and quality tracking instruments into the system, increasing business agility, and enabling more mobile maintenance staff.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Market Segmentation:
By Component
By Organization Size
By Deployment Type
By End User
By Country
Companies Profiled
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