North American Enterprise Asset Management (EAM) Market Size, Growth Analysis Report, Forecast to 2027


Posted September 16, 2021 by saifiyan1212

North American EAM market is estimated to grow significantly at a CAGR of around 11.4% during the forecast period.

 
North American EAM market is estimated to grow significantly at a CAGR of around 11.4% during the forecast period. The market in North America is primarily driven by the presence of a well-established It industry. The presence of major players including Microsoft Corp. IBM Corp. , Oracle Corp. in the region is one of the major factors contributing to the regional growth of the market. Additionally, the surging demand for EAM solutions by various industry verticals such as BFSI, energy & power, government and utilities, and IT & telecom, which are growing significantly in the region, is further driving the market growth. However, growing concerns over data security and confidentiality among organizations are expected to hamper the market growth.

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The North American 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 customizable 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 North American EAM market include IBM Corp., Oracle Corp., Microsoft Corp., Infor, Nuvolo, AssetWorks, LLC 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.


North American Enterprise Asset Management (EAM) Market Segmentation
North American EAM Market by Deployment
• On-premises
• Cloud-Based

North American EAM Market by Verticals
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Healthcare
• Government & Utilities
• IT & Telecom
• Others


North American Enterprise Asset Management (EAM) Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• ABS Group
• Aptean Holdings, Inc.
• AssetWorks, LLC
• Infor
• IBM Corp.
• JDM Technology Group
• Microsoft Corp.
• Nuvolo
• Oracle Corp.
• Real Asset Management, an MRI Software company


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Issued By Saifiyan Shaikh
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Country India
Categories Business , Computers , Electronics
Tags North American Enterprise Asset Management (EAM) Market
Last Updated September 16, 2021