Global Enterprise Asset Management Software Market, Forecast to 2022

Integration of IIoT Technologies to Ease Asset Maintenance, Establish Connected Environments and Promote Steady Growth
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Published: 10 Jan 2018

The objective of this study is to identify and evaluate various growth opportunities for enterprise asset management (EAM) vendors in the present business scenario which is challenged by uncertain economic conditions and the emergence of a new wave of digital manufacturing. There is a pressing need for end-users, particularly in asset-intensive industries, to develop and implement effective strategies to diminish their operational spend and enhance production efficiency; the study elaborates on the significance of EAM in achieving these business goals. The research service also discusses the benefits of integrating Industrial IoT (IIoT) technologies with EAM software. As end-users prefer to continuously monitor the condition of their multiple assets, optimize resources and inventories, and assess their financial performance, the study explains the need and benefits of embracing IIoT technologies such as cloud, Big Data, analytics and mobility. With 2017 as the base year, the study provides estimates of the market size and future growth prospects up to 2022. For this purpose, a specific methodology is followed that includes discussions with senior management of asset management software provider companies and automation giants and secondary research.

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