1. Market Research
  2. > ICT
  3. > Software Market Trends
North America Enterprise Asset Management Market by Component, by Deployment Type, by Industry, by Enterprise Size, by Country -Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

North America Enterprise Asset Management Market by Component, by Deployment Type, by Industry, by Enterprise Size, by Country -Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

  • November 2018
  • 169 pages
  • ID: 5731283
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

North America Enterprise Asset Management (EAM) Market by Component (Software [Linear Assets, Non-linear Assets, Field Service Management {FSM}, Assets Maintenance, Repair & Operations {MRO}], Service [Professional, Managed], Solution [Planning & Forecasting, Procurement of Material, Logistics & Inventory, Network Field Operations, Asset Transfer & Retirement]), by Deployment Type (On-premises, Cloud-based), by Industry (Government, Oil & Gas, Healthcare, Transportation & Logistics, Manufacturing, Energy & Utilities), by Enterprise Size (Small & Medium Enterprises [SMEs], Large Enterprises), by Country (U.S., Canada, Mexico) -Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

The North America enterprise asset management market is expected to reach $2,125.9 million by 2023, rising need to reduce operating costs and increasing asset utilization are the key factors driving the market growth.

Based on component, the North American enterprise asset management market has been categorized into solutions, software, and services. Of these, software category held the largest market share of more than 50% in 2017. The software category is mainly driven by increasing need for effective management of enterprise resources and their assets, wherein assets maintenance, repair, and operations (MRO) is expected to register highest growth rate during the forecast period.

Based on industry, the North American enterprise asset management market has been classified into government, oil and gas, healthcare, transportation and logistics, manufacturing, energy and utilities and others (includes retail, metal and mining). Healthcare industry is expected to register highest CAGR during the forecast period, as enterprises are in need to comply with changing regulatory standards, track mobile assets and manage medical equipment.

On the basis of enterprise size, the North American enterprise asset management market is segmented into small and medium enterprise (SMEs) and large enterprises. The large enterprises, historically, have been a larger adopter of EAM solution. This can be attributed to higher implementation cost of EAM solution. Large enterprises, with their significantly higher budgets, contributed to larger market share of around 60% in 2017. While, the enterprise asset management market for SMEs is expected to register faster CAGR during the forecast period. This growth is further attributed to the increasing availability and affordability of cloud-based EAM solutions provided by the companies.

The North American enterprise asset management market is projected to witness fastest growth in Mexico, during the forecast period, owing to the growing asset-intensive industries such as oil and gas, manufacturing, as well as transportation and logistics. The Mexican oil industry accounted for more than 30% of total government revenues in 2017. EAM provides efficient planning and management during drilling as well as production. The upsurge in oil and gas production in the country would provide healthy growth to the North America enterprise asset management market.

Enterprises in North America are striving toward utilizing the assets for longer period of time in a more effective and efficient way, which is expected to increase the demand for EAM in the region. EAM for asset utilization management includes asset inventory tracking, maintenance agreement management, tracking of meter readings and invoice charges, examination of trends in invoice payments and excess charges, and analysis of invoice and funding information.

Through these, the EAM system generates a set of dedicated reports which enables the decision-makers to compare invoice and expected billing amounts and view each asset or group of assets and detect unusual activity to reduce waste, fraud and abuse. Therefore, the growing demand for optimum asset utilization is supporting North American enterprise asset management market growth.

Enterprises are moving from reactive approach to a predictive approach. The reactive approach is basically of sorting the problem after the problem has been occurred, while predictive approach enables enterprises to stop the breakdown beforehand. The predictive analytics analysis, critical failure mode of assets and determines optimum maintenance schedule. Moreover, it improves customer satisfaction by reducing unexpected outages. Thus, use of predictive analytics capabilities in EAM is a major trend observed in the North American enterprise asset management market.

North American enterprise asset management market is fairly a mature market, where established companies such as IBM Corporation, SAP SE, Infor Inc., and Oracle Corporation being the prominent players in the region. Companies in the enterprise asset management market compete mainly on the basis of scalability, industry-specific customization, and after sales support.

Some of the key players operating in the North American enterprise asset management market are Schneider Electric SE, Oracle Corporation, IBM Corporation, SAP SE, ABB Ltd, IFS AB, MRI Software LLC, CGI Group Inc, Infor Inc, and Ramco Systems Limited.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Embedded Display Industry

Global Embedded Display Industry

  • $ 4950
  • February 2020

Embedded Display market worldwide is projected to grow by US$15.9 Billion, driven by a compounded growth of 14.1%. LCD, one of the segments analyzed and sized in this study, displays the potential to grow ...

Wound Treatment Products Markets in China

Wound Treatment Products Markets in China

  • $ 4000
  • January 2020

China’s demand for Wound Treatment Products has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed ...

Artificial Intelligence in Medical Applications Global Trends and Major Players

Artificial Intelligence in Medical Applications Global Trends and Major Players

  • $ 2000
  • October 2019

The introduction of AI (Artificial Intelligence) technologies into the medical care sector is one of the growing trends in the world.Tailor-made medical treatment data and physiological data have made ...


ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on