Rapid reduction in procurement and maintenance costs, improved tracking capability of assets in organizations and beneficial return on investments are expected to fuel the growth of global market for enterprise asset management. Increasing small scale industries are expected to significantly contribute towards production sales of enterprise asset management systems. A recent report by Future Market Insights assesses a robust 7.7% CAGR growth of the global market for enterprise asset management, during the forecast period, 2018-2028. Developing effective enterprise asset management for the end-users will be an important trend fuelling growth of the enterprise asset management market. The study further delivers essential landscapes for growth of global market for enterprise asset management in the forthcoming years.
Analysts involved in this report development have conveyed valuable information on how the market for enterprise asset management will expand through 2028. Apart from this, analysts have replied to the key concerns of industry participants and market viewers.
What are the major factors fuelling the growth of global market for enterprise asset management?
Improved ROI (return on investment) with the help of EAM (enterprise asset management) solutions are expected to be the major factors fuelling the growth of global market for enterprise asset management.
According to you, what are the factors likely to restrain the global market growth?
High implementation costs, dearth of skilled workforces and inefficient strategic plans after installation are the factors likely to restrain the growth of global market for enterprise asset management. However, rigorous security tests are being conducted, taking high standards into account by the third parties.
Who are the prominent users of enterprise asset management that you think will continue to stimulate the production sales?
Well, according to our analysts, expensive and complex physical assets like vehicles, heavy equipment and plants are the prominent users of enterprise asset management that will stimulate the production sales in the forthcoming years.
Can you give some useful viewpoints on the regions?
Well, North America is likely to be the leading region exhibiting comparatively higher growth rate in global market for enterprise asset management, closely followed by Western Europe. Manufacturing industries and government in Canada and the U.S. are anticipated to have maximum usage of enterprise asset management systems. China and India are likely to create lucrative opportunities for the leading providers in the market.
Who are the major players in the global market for enterprise asset management?
The major players profiled by our analysts include Mex Pty Ltd, Ultimate Software Solutions BV, ABB Ltd, IBM Corporation, Mainsaver Inc., Infor Inc., Oracle Corporation, Carl International SA, IFS Ltd and SAP SE amongst others. By developing effective enterprise asset management, the major players are concentrating on achieving a competitive edge in the global market for enterprise asset management.
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