Enterprise Asset Management Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025 - 2032)

Enterprise Asset Management Market Trends & Drivers

Integration of Internet of Things with EAM Solutions Is Major Trend

• With the growth in IoT deployment globally, its integration with EAM solutions has been rising too.
• Vendors and end users are both integrating IoT devices into EAM to obtain real-time data, which companies process to obtain powerful insights into their physical and virtual assets.
• This helps enterprises in managing, maintaining, and supervising their assets in the real time.
• The integration of IoT with EAM enables the monitoring of the performance of non-conformities, repair as well as replacement opportunities, and potential process control modifications.
• Further, with the rising adoption of mobile devices, such as smartphones, personal digital assistants, and laptops, the demand for mobility in EAM is also increasing globally.
• Companies, such as SAP SE and IBM Corporation, offer EAM mobile applications, which enable employees to input inspection data directly into the database.
• This reduces delay time, data collection errors, and operational costs in the process.
• Such applications seamlessly connect with EAM software to keep the mobile ecosystem in synchronization with the EAM system.
• This also enables decision-makers to increase workforce productivity, by updating the status of assets and delivering routing information to workers.
• Such a system also allows workers to update the data even in the absence of a network connection, thus enabling them to perform tasks in remote locations.
• For instance, IBM Corporation’s Maximo Mobile solutions provide remote and AI-based expert support, real-time asset history, and operational data to the digital twin from wearables, safety sensors, and diagnostic interfaces.
• Maximo Mobile is based on next-generation mobile technology and a simple-to-implement platform, which gives technicians the correct asset operational data at the right moment.
• It enables specialists to scale their knowledge, increase asset reliability, and optimize the company's operations.
• IBM Corporation’s Maximo Application Suite, of which Maximo Mobile is a part, can be installed on-premises or in any cloud environment.

Growing Adoption of EAM for Effective Utilization of Assets Drives Market

• Enterprises use the asset turnover ratio to calculate their efficiency and productivity.
• The asset turnover ratio is the financial ratio of the sales and prices of assets. To increase it, a company simply has to increase its sales compared to the prices of its assets.
• The use of EAM for asset utilization management allows for the management of maintenance agreements, tracking of asset inventory, examination of the trends in excess charges and invoice payments, analysis of funding information, and tracking of meter readings and invoice charges.
• Through these functions, the EAM software generates a set of reports, which enable users to compare invoices and expected billing amounts, view assets individually or as part of a group, and track unusual activity, to limit waste and fraud.
• Thus, with the surging demand for the effective utilization of assets from organizations, the EAM market is registering growth across the globe.

Segmentation and Category Analysis

Analysis by Deployment

The on-premises category held a larger market share, of 65%, in 2024. On-premises deployment of EAM software offers better organizational control and data security, since the software is installed on a company’s own computers and server. Although initial investment of on-premises EAM software is high, but due to better data security and customization, presently large enterprises are preferring on-premises deployment.

The cloud category is projected to register the higher CAGR in the prediction period, based on deployment. The key factors that are responsible for the growth of this category are the increasing number of startups and new entrants in developed and developing regions, who prefer the cloud deployment of these solutions, to quickly establish themselves. This is because cloud-based solutions enable multiple users in an organization to access information at any time, from any location, without any upfront hardware spending.

Of late, the demand for cloud-based EAM solutions has risen dramatically among companies, to streamline work and manage facilities. Cloud computing enables companies to lessen their operational cost, by reducing their IT investments, as well as offering online and offline mobility for managing assets and lowering functional limitations. It also provides enhanced technical support via the integration of performance monitoring and debugging tools into the system; offers maintenance personnel higher mobility, and increases business agility. Hence, the cloud allows organizations to transfer their data to remote servers, while maintaining accuracy and integrity. Additionally, the flexibility of data access and automatic updates result in the increasing adoption of cloud computing services.

These deployments are covered:

• On-Premises (Larger Category)
• Cloud (Faster-Growing Category)

Analysis by Vertical

The manufacturing category holds the largest share, owing to the rise in digitalization of the manufacturing industry, with the increase in infrastructural expenditure and surge in customer demand for customized products. EAM solutions facilitate streamlined operations and capital planning for physical assets, which are resulting in increasing implementation of the solutions by manufacturing companies. Additionally, the global industrial landscape is displaying increasing competitiveness and complex regulatory environment, which are pushing industrialists to move toward cost-effective and investor-friendly methods, thereby contributing toward significant market growth in this vertical.

The healthcare and life sciences category is expected to witness the fastest growth during the forecast period, with 12.11% CAGR. This will be on account of the increase in healthcare spending, growth in the focus on advanced patient care management, rapid adoption of digitization and high-tech medical equipment, strong need to fulfill compliance regulations, and need for enhanced performance monitoring. In addition, the global healthcare spending as a share of the gross domestic product (GDP) rose to around 10.3% in 2023 from 9.9% in 2018.

These verticals are covered:

• Energy and Utilities
• Manufacturing (Largest Category)
• Healthcare and Life Sciences (Fastest-Growing Category)
• Transportation and Logistics
• Information Technology and Telecom
• Government and Defense
• Oil and Gas
• Others

Analysis by Offering

The solution category held the larger share of the enterprise asset management market in 2024, of 60%. This is credited to the growing need to effectively manage enterprise assets, increasing demand for a better return on investment (ROI) on assets, rising importance of a proactive approach to asset management, surging requirement for streamlined business operations, and rapidly growing industries, including manufacturing, retail, telecommunications, and healthcare.

The service category is projected to witness faster growth during the forecast period. This can be ascribed to the rising demand for managed and professional services from business owners for smooth business operations. Service providers implement, maintain, monitor, and train end users to utilize EAM solutions optimally, which further help the users to cut long-term costs and streamline their business activities.

These offerings are covered:

• Solution (Larger Category)
  • Asset lifecycle management
  • Inventory management
  • Work order management
  • Labor management
  • Predictive maintenance
  • Facility management
  • Reporting and analytics
• Service (Faster-Growing Category)
  • Professional
  • Managed

Analysis by Enterprise

The large enterprises category is expected to generate the higher revenue over the forecast period, based on enterprise. Large companies need efficient management of a large number of assets and proper compliance with specific regulations, which is why they are focusing on analyzing machine downtime and predicting the causes of equipment failure.

The SMEs category is expected to register faster growth, witnessing a CAGR of 11.35%, during the forecast period. This can be majorly due to fostering competitiveness in the industrial landscape, where SMEs are expanding their growth scope by leveraging numerous developing technologies, globally. The SMEs are adopting cloud deployment services for EAM solution implementation, in order to achieve amelioration in their business operations and to cut costs optimally. Further, small players in developing and developed countries are focusing on competing with big players, whilst steadily establishing themselves in the market landscape.

These enterprises are covered:

• Large Enterprises (Larger Category)
• Small and Medium Enterprises (Faster-Growing Category)

Enterprise Asset Management Market Geographical Analysis

North America dominated the market in 2024 with 40% revenue, owing to the considerable focus of enterprises on optimal asset utilization, predictive maintenance, and supply chain management (SCM), to smoothen and streamline business operations. Furthermore, the rising need to meet the stringent regulatory compliances, strong presence of vendors, and growing investments by private and public players for the better management of their assets and equipment are driving the regional market.

Furthermore, high focus toward integrated EAM solutions with next-generation technologies, such as machine learning (ML), IoT, and computer vision, is also resulting in high market growth in the region. Thus, players in the market are intensely emphasizing toward the introduction of advanced EAM and predictive maintenance solutions, which provide support in maximizing asset utilization, real-time data collection, and AI-powered monitoring.

The Asia-Pacific market is expected to grow at the highest CAGR, of 12.66%, over the forecast period. This can be ascribed to the rapid adoption of digital services among organizations, growing information technology (IT) spending, rising support of governments for SMEs, increasing commercial and industrial construction activities, and surging focus of enterprises on business improvement and expansion.

Manufacturing, telecom, banking, and transportation are the key industries utilizing EAM solutions in the region. Large businesses in the region are asset-intensive and are rapidly adopting EAM solutions for effective utilization of assets, simplifying work operations, reducing maintenance costs, and prevention against machine malfunction.

With focus on business improvement and expansion, along with the goal of augmenting competitiveness, enterprises are robustly adopting predictive maintenance measures, further encouraging them to adopt EAM solutions. The region is also displaying a stimulating increment in the number of start-ups, with governmental funding and initiatives for new entrants. For instance, the Indian Government’s initiatives, such as Make in India, and funding allotted for new businesses for manufacturing of products, are propelling the regional market growth.

Additionally, rapid growth in cloud deployment and implementation of big data in the region are contributing to the dynamic adoption of EAM by end users. A dynamic and surging ecosystem of start-ups, SMEs, and government projects being witnessed in the region, along with the adoption of state-of-the-art IT technologies by large-scale companies in their business operations. Governments in countries like Vietnam and Indonesia have identified ICT as one of the key industries for their development, which has resulted in high demand for preventive maintenance scheduling, enhanced asset lifecycle management, and improved efficiency of work operations. Owing to these factors, the EAM market is exhibiting amelioration in APAC, and it is also projected to witness high growth in the coming years.

These regions and countries are covered:

• North America (Largest Regional Market)
  • U.S. (Larger Country Market)
  • Canada (Faster-Growing Country Market)
• Europe
  • Germany (Largest Country Market)
  • France (Fastest-Growing Country Market)
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC) (Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • India (Fastest-Growing Country Market)
  • Japan
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest Country Market)
  • Mexico (Fastest-Growing Country Market)
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest Country Market)
  • South Africa
  • U.A.E. (Fastest-Growing Country Market)
  • Rest of MEA

Enterprise Asset Management Market Competitive Landscape

• The global EAM industry is fragmented in nature, due to the presence of key players in the market.
• This is itself due to EAM being a software-driven approach; software development does not entail high investments in infrastructure.
• Additionally, the availability of a variety of software for various aspects of EAM means that numerous companies hold small but significant shares.
• Further, the emergence of cloud companies allows new companies to easily offer solutions to users across industries.
• While large enterprises usually go for the solutions offered by well-known IT vendors, SMEs contract startups for want of funds.

Enterprise Asset Management Market News & Updates

• In February 2025, Multiples Alternate Asset Management announced the acquisition of Qburst, a digital engineering platform, for USD 200 million, as well as plans to invest USD 2 billion in enterprise technology.
• In October 2024, IBM Corporation acquired Prescinto, a provider of EAM SaaS solutions, to integrate the IBM Maximo Application Suite with enhanced asset lifecycle management capabilities for the renewable energy sector.
• In September 2024, RCM Technologies Inc. entered into a partnership with Blue Mountain as a service partner for the latter’s EAM solutions marketed to life sciences companies.
• In April 2024, Aptean Inc., which develops AI-driven ERP solutions, acquired U.K>-based EAM solution vendor SSG Insight.