Enterprise Asset Management

This market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions and a select group of countries.

Overview

Rapid Adoption of SaaS Continues in the EAM Market
Enterprise Asset Management (EAM) provides the visibility required to manage assets and operations within an organization.  The key functional areas include asset information, work orders, MRO materials, labor skills, service contracts, finance, and analytics. 

The four major goals of asset management – uptime, cost control, asset longevity, and safety – represent the key reasons for acquiring EAM systems.  These goals directly affect C-suite objectives in the P&L statement and balance sheet for revenue, cash conservation, profitability, and risk management.

Software-as-a-Service (SaaS) has lowered the cost of entry and risk that significantly expands adoption into previously underserved areas.  Also, companies are adopting SaaS to obtain new features in the current version and avoid the pain and expense of upgrades.

The average age of assets continues to increase, requiring improved asset management to operate as designed, while extending service life.  Also, recently acquired assets contain a variety of new technologies.  A modern EAM system provides the means to achieve the operational goals and the executive needs for high return on assets.

Strategic Issues
This ARC report explores users’ objectives for EAM systems, reviews strategies, and answers key strategic questions, such as:

• How is the Industrial Internet of Things (IIoT) and mobility changing the market?
• How can users improve the value of EAM and get C-suite attention?
• How has SaaS affected perpetual licenses and maintenance services?
• Which industries and geographies offer the best opportunities?

Download Study Brochure: Enterprise Asset Management