Global Enterprise Asset Management Market Booms with 10.66% CAGR Forecast

NEW YORK - July 24, 2025 - PRLog -- According to the latest market research study published by P&S Intelligence, the global enterprise asset management (EAM) market was valued at USD 6.89 billion in 2024 and is projected to reach USD 15.35 billion by 2032, expanding at a robust CAGR of 10.66% during 2025–2032. This surge is driven by the increasing focus on reducing maintenance costs, minimizing asset downtime, and maximizing return on assets (ROA). Companies are turning to EAM solutions to efficiently manage the full asset lifecycle—from procurement and maintenance to decommissioning—while optimizing operations and extending asset longevity.

Technological advancements are reshaping the market landscape. Integration of Internet of Things (IoT) with EAM systems is enabling real-time monitoring and predictive maintenance, reducing errors and operational delays. Mobile deployment of EAM tools further enhances efficiency by allowing engineers to track, update, and maintain assets even in offline or remote environments.

Key Insights

• Large enterprises continue to lead the market in revenue due to their extensive asset portfolios and stringent compliance needs. However, SMEs are growing faster, with an 11.35% CAGR, as they adopt cloud-based EAM to improve operations and competitiveness.
• Deployment analysis reveals that on-premises EAM holds 65% of the market in 2024, favored for its enhanced data security and customization, especially in large organizations. Still, cloud-based EAM is the fastest-growing segment, driven by startups and SMEs prioritizing cost efficiency, mobility, and rapid deployment.
• Among verticals, manufacturing remains dominant, benefiting from digitalization and rising infrastructure investments. However, healthcare and life sciences are witnessing the fastest growth, at a 12.11% CAGR, fueled by increasing healthcare spending, digitization of patient care, and stringent regulatory compliance.
• Regionally, North America commands a 40% share, bolstered by strong regulatory frameworks, proactive investment, and integration of AI, ML, and IoT into EAM strategies. Meanwhile, the Asia-Pacific region is the fastest-growing, registering a 12.66% CAGR, led by surging IT investments, government initiatives (like India's "Make in India"), and SME-led digital infrastructure growth.

Browse detailed report analysis on "Enterprise Asset Management Industry Growth and Future Analysis (https://www.psmarketresearch.com/market-analysis/enterpri...)"

• The competitive landscape is fragmented, with established vendors like Oracle, SAP, IBM, Schneider Electric, ABB, Siemens, Bentley, and Hexagon coexisting alongside smaller niche and cloud-native providers. This creates opportunities for service differentiation and specialist offerings.
• Notable recent corporate moves include IBM's acquisition of Prescinto in October 2024 to deepen Maximo's renewable energy capabilities, and Multiples Alternate Asset Management's February 2025 acquisition of Qburst, reflecting a trend toward consolidation and investment in cloud-based EAM platforms targeting digital transformation.