Enterprise Asset Management

The Enterprise Asset Management 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 most major countries.

Modern Enterprise Asset Management Systems Drive Innovation and Asset Reliability

ARC Advisory Group research on the Enterprise Asset Management (EAM) market reveals that as EAM systems adopt new technologies, they offer improved asset reliability with increased ROA and interest from executive management. Modern EAM systems provide greater insight across asset lifecycle management, asset performance management, reliability-centered maintenance, and other asset management functions.

Enterprise Asset Management Strategic Issues

In addition to providing a five-year market forecast, the Enterprise Asset Management market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Adopt Predictive Maintenance with Business Process Automation Integrated with EAM

Currently, the dominant application for digital transformation for the maintenance function involves predictive maintenance (PdM) using data for a specific machine, analytics, and sometimes edge computing. The objective is to prevent a failure and the resulting unplanned downtime. This approach is effective only if, after the alert is generated, someone in the plant executes a work order for an inspection and repair. Unfortunately, in most plants today, this alert-toaction process has a gap due to ad hoc communications between those receiving the alert and maintenance planning. Alerts often become lost or misdirected and the equipment fails as predicted. Reducing the likelihood of lost alerts and the associated unplanned downtime requires a consistent business process and integration with the EAM system. Ideally, the alerts go to the maintenance planner for triage and ranking with the higher priority items converted into work orders.

Eighty two percent of assets have a random failure pattern. Preventive maintenance is not effective for these assets because random failures occur between the scheduled maintenance times. The equipment fails at the most inconvenient time i.e., while in use which interrupts production. This interruption causes losses in direct labor, work-in-process materials, and revenue. This unplanned downtime also causes missed shipment dates, and customer satisfaction issues. These losses have a direct negative impact on the P&L statement.

Make the Connection to Executive Metrics to Gain Executive Support

From ARC surveys, the leading KPIs for the maintenance function are uptime (avoid unplanned downtime), asset longevity, cost control, and safety. These metrics support c-suite objectives for revenue, cash conservation for an improved balance sheet, profitability, and risk management. Enlightened asset managers are making the connection between these typical EAM objectives and business metrics. Proposals for asset management solutions should go beyond cost control and make the connection for improved uptime, capacity, and revenue to get executive attention and support.

Use Modern EAM Systems to Improve Asset Longevity

Well-executed maintenance programs allow assets to be more reliable and last longer. A lack of proper maintenance activities result in excessive wear and tear, which contributes to premature overhauls or replacement of equipment. Modern EAM systems enable business processes that delay capital expenditures for replacement equipment and conserve capital.

Enterprise Asset Management Study Formats and Editions Available

This market study may be purchased as an Excel Workbook and/or as a PDF File.  The Workbook has some unique features such as the ability to view data in local currency.  Regional studies include country and industry market data.  Country studies include market trends and industry data.  Studies and formats available are listed below:  

MIRA Workbook PDF File
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Annual Subscription Yes Yes

Countries included in each region.

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Executive Overview
  • Market Trends
  • Buyer Strategies
  • Supplier Strategies
  • Growth Contributors and Inhibitors

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Revenue Category
    • Software
      • License
      • Software-as-a-Service
      • Subscription (non-SaaS)
    • Services
      • Consulting Services
      • Maintenance Services
      • Implementation Services
  • Market Shares by Application and Asset Type
    • Production Equipment
    • Facilities
    • Fleet
    • Linear Assets
    • Complex Asset MRO
  • Market Shares by Industry
    • Aerospace & Defense
    • Automotive
    • Chemical
    • Education
    • Electric Power Generation
    • Electric Power T&D
    • Financial
    • Food & Beverage
    • Government
    • Healthcare
    • Machinery Manufacturing
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Semiconductors
    • Telecommunications
    • Transportation & Logistics
    • Water & Wastewater
  • Market Shares by Sales Channel
  • Market Shares by Customer Size

Market Forecasts and Histories

  • Total Shipments of Enterprise Asset Management
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Revenue Category
    • Software
      • License
      • Software-as-a-Service
      • Subscription (non-SaaS)
    • Services
      • Consulting Services
      • Maintenance Services
      • Implementation Services
  • Shipments by Application and Asset Type
    • Facilities
    • Production Equipment
    • Linear Assets
    • Fleet Asssets
    • Complex Asset MRO
  • Shipments by Industry
    • Automotive
    • Aerospace & Defense
    • Chemical
    • Education
    • Electric Power Generation
    • Electric Power T&D
    • Financial
    • Food & Beverage
    • Government
    • Healthcare
    • Logistics
    • Machinery Manufacturing
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical & Biotech
    • Pulp & Paper
    • Refining
    • Semiconductors
    • Telecommunications
    • Transportation & Logistics
    • Water & Wastewater
  • Shipments by Sales Channel
  • Shipments by Customer Size

Industry Participants

The research identifies all relevant suppliers serving this market.

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market History & Forecast Analysis 

  • Market History & Forecast by Country
  • Market History & Forecast by Industry

Industry Participants

List of countries & currencies included in each region: MIRA-Country

For More Information

For more information or to purchase the Enterprise Asset Management Market Research study, please contact us.

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