Enterprise Asset Management and Field Service Management Market Recovered and High Growth Is Forecasted
Enterprise Asset Management (EAM) and Field Service Management (FSM) provides functions required by maintenance organizations which includes asset information, work orders, MRO materials, labor, service contracts, mobility, and analytics. Four benefits — uptime, cost control, asset longevity, and safety — represent the key business reasons organizations acquire maintenance management systems.
Retail sales and consumer confidence have improved, and a rebound in manufacturing is driving growth. China and India will grow most rapidly. The Americas, with the largest regional market, is expected to
have the next highest growth. Western Europe and Japan are forecasted to experience a lower, but sustained growth.
As the mobile handheld devices add functionality, new areas of business value have emerged. This convergence of technologies enables more powerful applications. Also, as smart phones and other mobile devices for consumers become more pervasive, expectations and willingness to adopt mobile devices improves. This drives EAM upgrades and wider adoption.
Strategic Issues
Users are exhibiting optimism towards EAM-FSM solutions. Users are upgrading or acquiring new systems for improved operational performance.
- What are the key market drivers, and how can suppliers increase their value?
- Which industries and geographies offer the best opportunities?
- What are the application areas that will recover the soonest?
- Is EAM-FSM being absorbed by ERP, and how should the independents respond?
- How will Smart Grid affect the market and what should your response be?
- What is the effect of the convergence of technologies for mobility?
