Keywords: Enterprise Asset Management, Five-Year Market Forecast, Industry Trends, Supplier Profiles, Business Intelligence, SaaS, IIoT
ARC Advisory Group has just published a comprehensive updated market outlook study on Enterprise Asset Management.
The Enterprise Asset Management Global Market Research Study discusses current and historical market performance and related technology and business trends, profiles leading technology suppliers, and provides five-year global forecasts for the enterprise asset management market. Like all ARC market outlook studies, this report is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques.
According to Ralph Rio, Vice President, and the principal author of this study, “SaaS has lowered the cost of entry and risk which significantly expands adoption into previously underserved market segments. Also, large companies are adopting SaaS to obtain new features and be on the current version without the pain of multiple upgrades.”
A modern EAM system provides the needed visibility, planning, and execution to achieve the key goals for assets which are uptime, asset longevity, cost control, and safety along with the executive needs for high return on assets (ROA). These goals directly affect C-suite objectives in the P&L statement and balance sheet for revenue, cash conservation, profitability, and risk management. The average age of assets continues to increase, requiring improved asset management to operate as designed while extending the service life of the asset.
In addition to the PDF version of the full market study, the market data is optionally available in a personalized Excel workbook. The workbook includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
For more information on this and other available studies, go to www.arcweb.com/market-studies.