Enterprise asset management market

Enterprise Asset Management Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 20232

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Enterprise Asset Management Market 2018 Enterprise Asset Management Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2022 Enterprises as they start expanding, they need a system to keep the record of their assets and help managing them. Enterprise Assets today, are connected in a complex ecosystem, accreting pulling in reams of data from the Internet of Things. Apart from managing and controlling assets, Enterprise Asset Management software using powerful analytics and cloud technologies, enables predictive maintenance and also helps businesses to make smart decisions based on cognitive analysis and insight. This is the predominant factor that dynamically drives the market of EAM. The factors that drive the market growth of Enterprise Asset Management Software include growing worldwide economy, increasing number of start –ups (enterprises/businesses) and the fast growing businesses coupled with the need to effectively manage valuable assets of organizations. Additionally Government’s encouraging initiatives and funding allotted for new businesses, venture and product development (One such as Make in India) is fostering the market growth up to a large extent. Moreover promising features of Enterprise Asset Management Software which provide cost effective optimization of asset life cycle and offer a fully scalable, modular solution that grows with the needs of organizations provides impetus to market sales of EAM eventually, accelerating its market growth.

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Enterprise Asset Management Market 2018

“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Enterprise Asset Management Market Research Report - Global Forecast 2022�

On the other hand, factors such as high cost associated with the implementation of EAM Software coupled with the technical incompetency of workforce that refrains restricts them from using the solutions optimally; are restricting the market growth. Adversely, evolvement of cloud deployment model and Big Data integration with enterprise asset management will fuel the market growth during the estimated period.

EAM Solutions can be installed and administered locally at company location or it can be installed in the Cloud and used as Software as a Service (SaaS).

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Enterprise Asset Management Market 2018 Industry News Nov. 07, 2017 – PowerPlan (US), provider of strategic corporate performance software for asset-intensive companies, and MACS EU Ltd, one of Europe’s largest IBM Gold Business Partners for the Enterprise Asset Management solution IBM® Maximo®, announce their partnership. This partnership enables IBM® Maximo® to offer their clients a complete EAM solution, including the opportunity to make asset investment decisions and asset lifecycle costing analysis, which closes the gap between operations and accounting.

Nov. 08, 2017 – Infor (US), provider of beautiful business applications specialized by industry and built for the cloud, announced the launch of an updated version of Infor Enterprise Asset Management, an application that delivers consumable, actionable insights to help companies proactively manage assets, asset information, and maintenance activities. The latest version of Infor EAM, version 11.3.2, is now generally available in the cloud as well as via Infor CloudSuite™ Facilities Management, and delivers several new features for tracking, mobility and management. Infor EAM includes several industryspecific features designed to simplify asset management for manufacturing, facilities, life sciences, fleet/transportation, municipalities, and public sector organizations.

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Enterprise Asset Management Market 2018 Application & Major Players in this Research: Enterprise Asset Management Market Prominent Players:

SAP SE (Germany), Infor (U.S.), IBM (U.S.), Oracle Corporation (U.S.), Schneider Electric (France), AssetWorks LLC (U.S.), IFS AB (Sweden), ABB Group (Switzerland), Mintek Mobile Data Solutions (U.S.), Ramco Systems (India) among others. .

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Enterprise Asset Management Market 2018 Enterprise Asset Management Market - Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The market of Enterprise Asset management appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Regional Analysis North America is dominating the market of EAM due to the presence of global players in U.S. Growing Organization Sizes and increasing application areas of EAM is supporting the market of EAM in North America. Europe holds second position in the global market whereas Asia-Pacific has emerged as fastest growing market. Growing economy of Asian countries such as India and China and rich presence of manufacturing companies in Asian countries are some major factor which is driving the market. .

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