Enterprise Asset Management Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 5.03 Billion |
| Market Size (2030) | USD 7.02 Billion |
| CAGR (2025 - 2030) | 6.87% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Enterprise Asset Management Market Analysis
The Enterprise Asset Management Market size is estimated at USD 5.03 billion in 2025, and is expected to reach USD 7.02 billion by 2030, at a CAGR of 6.87% during the forecast period (2025-2030).
- Enterprise Asset Management (EAM) systems gather and analyze extensive data on asset performance and maintenance activities. This data-centric approach empowers organizations to make informed decisions, spot trends, optimize asset performance, and allocate resources efficiently, ultimately boosting profitability.
- EAM aids organizations in cutting operational costs by fine-tuning maintenance schedules and averting expensive breakdowns. By adopting proactive maintenance strategies, businesses can prolong asset lifespans and curtail costly unplanned downtimes, such as the USD 260,000 per hour loss during manufacturing downtimes.
- The servitization model enables businesses to offer their assets as services instead of outright sales. This strategy paves the way for recurring revenue through subscriptions or usage-based billing. For example, Rolls-Royce harnesses EAM to oversee assets and deliver services driven by real-time data analytics, bolstering customer satisfaction and unveiling fresh revenue avenues.
- In 2024, the mobility aspect of EAM systems takes center stage. The integration of mobile devices with GPS, RFID, and embedded cameras is transforming data collection and processing. These advancements not only elevate data quality and timeliness but also shift EAM systems from mere historical record-keepers to essential proactive planning and scheduling tools for on-the-go decision-making.
- A common challenge is the scarcity of skilled professionals adept at managing sophisticated EAM systems, which can impede effective implementation and usage. Furthermore, merging EAM systems with pre-existing enterprise systems poses complexities and often demands substantial time and resource investments.
- The COVID-19 pandemic hastened the transition to cloud-based EAM systems, empowering organizations to oversee assets remotely and adeptly. This shift has gained significance as numerous companies adopt hybrid or remote work paradigms. In the post-COVID landscape, businesses are placing heightened emphasis on cost reduction and operational efficiency. EAM systems play a pivotal role, enabling organizations to refine maintenance processes, enhance asset utilization, and minimize downtime—key elements for financial resurgence.
Enterprise Asset Management Market Trends
Energy and Utilities is Expected to Drive the Market
- In the utilities industry, companies are leveraging Enterprise Asset Management (EAM) to enhance operational efficiency, reliability, and sustainability, all while curbing costs. A primary application of EAM in utilities is the optimization of asset maintenance.
- The energy sector today grapples with unparalleled pressures and transformations. Leveraging technology, companies are crafting effective asset management strategies, transforming businesses through data insights, and optimizing both asset operations and maintenance. Providers like IFS offer a comprehensive Enterprise Asset Management (EAM) Cloud solution, seamlessly automating asset management and enhancing operational efficiencies on a unified platform.
- While the oil and gas industry continues to play a pivotal role in the energy landscape, witnessing annual production increases, it grapples with modern challenges. These include fluctuating market conditions, tightening environmental regulations, and an urgent push for operational efficiency. In response, industry stakeholders are increasingly adopting enterprise asset management (EAM) solutions.
- According to Grihasoft, approximately 34% of industrial units dedicate over 30 hours weekly to scheduled maintenance. This commitment stems from a recognition of the advantages of consistently rejuvenating an asset's potential. Moreover, even minor data inaccuracies can lead to misguided industrial decisions and asset mismanagement, potentially resulting in significant mishaps.
- Given the intricate, high-cost nature and extended lifecycles of oil and gas assets, EAM systems serve as centralized repositories for all asset-related data. This centralization empowers teams to monitor asset performance and make judicious decisions regarding maintenance, upgrades, and replacements.
- IBM, for instance, offers the IBM Maximo Application Suite, an integrated asset management solution tailored for the oil and gas sector. This suite aids providers in enhancing performance, streamlining daily operations, and navigating digital transformation. With its AI-driven, cloud-based platform, Maximo integrates CMMS, EAM, and APM capabilities, delivering advanced analytics that empower utilities to make informed, data-centric decisions. Given these dynamics, the market is poised for significant growth in the utilities sector.
North America is Expected to Hold a Major Share of the Market
- North America's Enterprise Asset Management market is set for substantial growth, driven by organizations' increasing recognition of the need to optimize asset performance and lifecycle management. The rising demand for enterprise asset management is largely attributed to the growing emphasis on integrating EAM with other enterprise systems, including Enterprise Resource Planning (ERP) and Computerized Maintenance Management Systems (CMMS). Such integration is anticipated to enhance EAM demand by streamlining processes, bolstering data accuracy, and providing a holistic view of organizational operations.
- SaaS-based asset management software and related solutions are witnessing surging demand, thanks to their agility, efficiency, and competitive edge. In tandem, leading market players are rolling out innovative SaaS-based asset management solutions. A notable example is Aptean, a provider of mission-critical enterprise software solutions, which recently unveiled 'Aptean EAM' – a SaaS-based enterprise asset management solution tailored for manufacturing and businesses reliant on intricate equipment for production.
- Moreover, U.S. companies in the enterprise asset management sector are actively enhancing the AI capabilities of their EAM solutions. For instance, Zebra Technologies, a U.S.-based firm, has announced its acquisition of antuit.ai, a provider of AI-driven Software-as-a-Service solutions catering to the retail and consumer packaged goods sectors.
- According to the Office of Advocacy, in 2023, the U.S. small business sector stands as a pivotal element of the economy, encompassing 33.3 million small enterprises. These businesses, constituting 99.9% of all U.S. businesses as reported by the U.S. Small Business Administration, employ 61.6 million individuals, making up 45.9% of the nation's workforce. This substantial employment footprint bolsters the revenue of the U.S. enterprise asset management industry. Many of these small businesses leverage EAM systems to manage critical infrastructures, such as power grids and pipelines, ensuring consistent service and compliance with regulatory standards.
Enterprise Asset Management Industry Overview
The EAM market is highly competitive and fragmented, primarily driven by the presence of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint. Key player include IBM Corporation, UpKeep Technologies, Inc., SAP SA and others.
Enterprise Asset Management is a strategic investment that delivers tangible benefits across various dimensions—cost savings, operational efficiency, compliance assurance, and sustainability improvements. By implementing effective EAM strategies and leveraging advanced technologies, organizations can maximize the value derived from their assets while enhancing overall business performance. As industries continue to evolve towards more complex asset environments, the importance of robust EAM systems will only increase.
Enterprise Asset Management Market Leaders
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IBM Corporation
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UpKeep Technologies, Inc.
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SAP SA
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Oracle Corporation
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Hexagon AB
- *Disclaimer: Major Players sorted in no particular order
Enterprise Asset Management Market News
- October 2024: IBM has acquired Bengaluru-based Prescinto, enhancing its Maximo Application Suite (MAS) with advanced asset performance management software. The acquisition aims to optimise renewable energy operations, supporting clients in achieving sustainability goals and improving efficiency in solar and wind energy management.
- June 2024: IFS acquires asset investment management provider Copperleaf Technologies, adding to its portfolio of applications that help companies manage their physical and digital assets. The IFS acquisition is its biggest yet and will provide IFS' FSM capabilities with the EAM strength of Copperleaf.
Enterprise Asset Management Industry Segmentation
Enterprise asset management involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. The revenue model for EAM encompasses various components that contribute to its financial viability and overall impact on an organization.
The enterprise asset management market is segmented by type (solution, services), by deployment (cloud, on-premises), by enterprises (SMEs, large enterprises), end-user verticals (IT and telecom, government and defense, manufacturing, transportation and logistics, energy and utilities, other end-user verticals), geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Solution |
| Services | |
| By Deployment | Cloud |
| On-Premises | |
| By Enterprises | SMEs |
| Large Enterprises | |
| By End-user Vertical | IT and Telecom |
| Government and Defense | |
| Manufacturing | |
| Transportation and Logistics | |
| Energy and Utilities | |
| Other End-user Verticals | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
| Solution |
| Services |
| Cloud |
| On-Premises |
| SMEs |
| Large Enterprises |
| IT and Telecom |
| Government and Defense |
| Manufacturing |
| Transportation and Logistics |
| Energy and Utilities |
| Other End-user Verticals |
| North America |
| Europe |
| Asia |
| Australia and New Zealand |
| Latin America |
| Middle East and Africa |
Enterprise Asset Management Market Research Faqs
How big is the Enterprise Asset Management Market?
The Enterprise Asset Management Market size is expected to reach USD 5.03 billion in 2025 and grow at a CAGR of 6.87% to reach USD 7.02 billion by 2030.
What is the current Enterprise Asset Management Market size?
In 2025, the Enterprise Asset Management Market size is expected to reach USD 5.03 billion.
Who are the key players in Enterprise Asset Management Market?
IBM Corporation, UpKeep Technologies, Inc., SAP SA, Oracle Corporation and Hexagon AB are the major companies operating in the Enterprise Asset Management Market.
Which is the fastest growing region in Enterprise Asset Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Enterprise Asset Management Market?
In 2025, the North America accounts for the largest market share in Enterprise Asset Management Market.
What years does this Enterprise Asset Management Market cover, and what was the market size in 2024?
In 2024, the Enterprise Asset Management Market size was estimated at USD 4.68 billion. The report covers the Enterprise Asset Management Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Enterprise Asset Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Enterprise Asset Management Industry Report
Statistics for the 2025 Enterprise Asset Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Enterprise Asset Management analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
