|By PR Newswire||
|January 16, 2013 06:16 AM EST||
NEW YORK, Jan. 16, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
This study covers the computerized maintenance management system known as CMMS when it is deployed on an enterprise-wide scale known as the enterprise asset management solution (EAM). Along with optimized cost control and resource allocation, safety, health, and environmental legislation compliance are anticipated to drive demand for the EAM market. The emergence of full-fledged ERP solutions incorporating EAM features is increasing the competitive nature of the market and allowing customers with lots of choices, but at the same time, right-sizing of the solutions meeting customer demand is a major issue.
Along with optimized cost control and resource allocation, safety, health, and environmental legislation compliance are anticipated to drive demand for the EAM market. The emergence of full-fledged ERP solutions incorporating EAM features is increasing the competitive nature of the market and allowing customers with lots of choices, but at the same time, right-sizing of the solutions meeting customer demand is a major issue.
The EAM market size for the base year (2011) is $ x xmillion, and the market is expected to grow at a compounded annual growth rate (CAGR) of x x percent over the next seven years.
A major factor for growth in EAM sales is going to be driven by services, with prominent growth from maintenance and support services and moderate growth in implementation services. Oil and gas, metals and mining, and electric power and industrial manufacturing industries are fields in which strong EAM software sales growth is expected.
Some emerging end users adopting EAM solutions apart from the traditional oil and gas and power sectors are water and waste water, paper and pulp, and pharmaceutical companies.
Despite economic uncertainty in the EMEA region, spending on asset management software and services has remained healthy in most regions. The emerging markets of Latin America, Asia Pacific, and Eastern Europe continue to offer opportunities for EAM market expansion for software and services.
The market is moving from reactive maintenance to preventive maintenance and from preventive maintenance to predictive maintenance. In the forecast period, the market is anticipated to move toward virtualization and greater availability of remote solutions.
Strategic partnerships with key automation participants, ERP vendors, IT participants, and pure participants are expected to generate greater market share for existing EAM solution providers.
TABLE OF CONTENTSExecutive Summary 5
Market Overview 11
Total Enterprise Asset Management Solutions Market -
•External Challenges: Drivers and Restraints 24
•Forecasts and Trends 34
•Market Share and Competitive Analysis 55
•Mega Trends and Industry Convergence Implications 63
CEO's 360 Degree Perspective 71
Service Segment Breakdown 73
Software segment Breakdown 78
North America Region Breakdown 83
EMEA Region Breakdown 94
APAC Region Breakdown 103
Rest of the World Breakdown 110
The Last Word 116
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