Enterprise Asset Management Market size worth $ 17.04 Billion, Globally, by 2028 at 15.17% CAGR: Verified Market Research®

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Global Enterprise Asset Management Market Overview

The factors that are responsible for driving the growth of the worldwide enterprise asset management marketplace encompass the developing demand for rising the lifecycle overall performance of assets and a decrease in the procurement & maintenance costs in numerous organizations. Moreover, growing inclination towards cloud-based deployment and the incorporation of numerous advanced technologies including huge records are some other factors that are creating numerous growth opportunities for enterprise asset management marketplace during the forecast period.

Furthermore, several benefits provided by enterprise asset management consist of its ability to maximize the return on assets, reduce the risks & costs, make informed decisions associated with the assets, increase uptime & enhance predictability and reduce total cost of ownership, amongst others. All those factors are proliferating the growth of the worldwide enterprise asset management marketplace.

In addition to this, growth in the digitization of industries and enhancement in the technological infrastructure is the enormous factors that are accelerating the demand for enterprise asset management in the marketplace worldwide. However, the factors that hamper the growth of the marketplace encompass the growing issues associated with records confidentiality and safety among the organizations.

Key Developments

Key Players

The major players in the market are SAP, Aveva, ABB, Oracle, Infor, Maintenance Connection, Aptean, IFS, IBM, and CGI.

Verified Market Research has segmented the Global Enterprise Asset Management Market On the basis of Deployment Type, Organization Size, and Geography.

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Best Enterprise Asset Management Brands enriching assets and operations

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