The global Enterprise Asset Management Market Growth Accelerated by Improved Visibility and Control over Assets
Enterprise asset management (EAM) software helps organizations maintain and repair physical infrastructure and equipment more efficiently. EAM solutions allow real-time visibility into asset performance and maintenance schedules to better control costs and extend lifespan. They provide a centralized platform to manage workflows across departments and gain actionable insights. The global Enterprise Asset Management Market is estimated to be valued at US$ 4069.27 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of cloud-based EAM solutions is one of the key trends driving the market growth. Cloud delivery offers scalability, flexibility and easy access to asset records from any location. It eliminates upfront capital expenditures and enables pay-as-you-go pricing. Several vendors are investing in R&D to integrate advanced tec...