Japan EAM market is estimated to grow significantly at a CAGR of around 10.8% during the forecast period. The country has a specialization in manufacturing high-end products and is home to a number of global companies such as Panasonic, Toyota Motor, SoftBank Group, Mitsubishi, Nippon, Sumitomo Mitsui, Sony, Honda Motor and so on. The manufacturing output of the country is the third highest all across the globe. Major industries are located in the Kant region, the Kansai region, and the T-kai region. EAM companies can find a significant market scope in these regions. Most of the global companies offer their EAM products in the country including IBM, Oracle, SAP, Microsoft Corp. That further contribute on the market growth during the forecast period.
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Japan EAM market is segmented on the basis of deployment and vertical. Based on deployment, the market is bifurcated into on-premise and cloud-based EAM solutions. Among these, on-premise EAM solutions held the highest market share in 2019. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise EAM solutions as this solution is more tailored as compared to cloud-based EAM, thus, it fulfills the requirements of all end-users.
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Further, on-premise EAM solutions may also be less vulnerable to global cyber threats as on-premise EAM set-up is support by experienced IT professionals, hence, the data security can be handled internally. Based on vertical, the market is segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others (manufacturing, transportation, metal and mining, machinery, and construction).
The companies which are contributing to the growth of the Japan EAM market include ABB Ltd., Fujitsu Ltd., IBM Corp., Oracle Corp., Microsoft Corp., SAP SE and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Japan Enterprise Asset Management (EAM) Market Segmentation
Japan EAM Market by Deployment
Japan EAM Market by Verticals
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Government & Utilities
• IT & Telecom
Japan Enterprise Asset Management (EAM) Market – Segment by Region
• United States
• United Kingdom
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
• ABB Ltd.
• ABS Group
• AVEVA Group PLC
• Aptean Holdings, Inc.
• Fujitsu Ltd.
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• SAP SE
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