The global enterprise asset management (EAM) market was valued at USD 7.65 billion in 2024 and is projected to grow significantly, reaching USD 19.68 billion by 2030, with a robust CAGR of 17.2% from 2025 to 2030. The strong growth trajectory of the market can be attributed to the rising focus among organizations on improving asset availability, reducing downtime, and minimizing unexpected breakdowns that can disrupt business operations. As companies increasingly look for comprehensive solutions to maximize asset efficiency, the demand for EAM systems continues to expand across industries.

The EAM industry is also benefiting from the rising demand for 360-degree visibility into assets, which not only helps in proactive maintenance but also enables organizations to eliminate compliance-related overheads. The growing integration of emerging technologies such as IoT, AI, real-time analytics, and digital twins into EAM solutions has further accelerated market adoption. These technologies enhance monitoring and predictive maintenance, thereby extending the life of assets and improving decision-making capabilities. Additionally, the widespread use of IoT platforms and connected devices is helping businesses sustain and manage enterprise assets more effectively.

Another major driver is the rising adoption of cloud-based EAM solutions, as enterprises are increasingly shifting from traditional systems to modern digital infrastructures. This shift has been accelerated by the widespread use of smartphones, enhanced data accessibility, and growing concerns around data security, which push companies to adopt more secure, scalable, and efficient asset management systems. Cloud solutions, combined with microservice architectures, provide flexibility, real-time access, and cost efficiency, making them a preferred choice for many organizations.

The market is also witnessing a transformative shift with the adoption of augmented reality (AR), telematics, AI-driven insights, and digital twin technologies within EAM platforms. These advancements are converting traditional EAM software into intelligent systems capable of real-time interaction with devices, predictive analysis of asset performance, and advanced insights for engineers and operators. As the market matures, the integration of these smart technologies with EAM systems is opening new avenues for growth and efficiency in both private and public sectors.

Key Market Trends & Insights:

• Regional Insights: In 2024, North America dominated the global EAM market, holding a market share of over 32.0%, owing to the high adoption of advanced asset management systems by enterprises in the region. Meanwhile, the Asia Pacific region is expected to witness the fastest growth, registering a CAGR of 18.5% from 2025 to 2030, driven by industrial expansion, digital transformation initiatives, and increasing adoption of cloud technologies.
• Deployment Insights: The on-premise segment held the majority share of over 64.0% in 2024, as many enterprises still rely on in-house systems for control and data security. However, the cloud segment is projected to expand at the highest CAGR over the forecast period due to its scalability, flexibility, and lower upfront costs.
• Enterprise Size: Large enterprises accounted for more than 60.0% of the market share in 2024, as they require comprehensive solutions for complex asset portfolios. The SMEs segment, however, is anticipated to grow at the fastest rate during the forecast period, fueled by increasing awareness of the benefits of digital asset management solutions.
• End-Use Industries: The manufacturing sector led the market in 2024, holding a share of over 19.0%, as manufacturers rely heavily on asset uptime and predictive maintenance. The government sector is projected to grow at the fastest CAGR of 18.4%, as public organizations increasingly adopt EAM to manage infrastructure and public assets more efficiently.

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Market Size & Forecast:

• 2024 Market Size: USD 7.65 Billion
• 2030 Projected Market Size: USD 19.68 Billion
• CAGR (2025-2030): 17.2%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

The enterprise asset management market is highly competitive, with global players and emerging companies introducing innovative solutions:

• IBM Corporation: A leading player, offering its flagship IBM Maximo Application Suite, which provides a modular and scalable approach to EAM. Key modules include Maximo Manage for asset and work management and Maximo Monitor for real-time monitoring, enabling predictive maintenance and improved operational efficiency.
• Infor: Known for its Infor EAM platform, which is tailored for industry-specific applications and supports both cloud and on-premises deployments. In 2021, Infor EAM was acquired by Hexagon AB and rebranded as HxGN EAM, enhancing its capabilities with Hexagon’s expertise in sensors, software, and autonomous technologies.
• Oracle Corporation: Another major player providing integrated enterprise software solutions, including EAM functionalities, that support data-driven asset management and analytics.
• Asset Infinity (PcsInfinity Pvt. Ltd.) offers a cloud-based EAM solution with comprehensive asset lifecycle management and real-time tracking through barcodes, QR codes, RFID, and GPS technologies, helping organizations optimize utilization and reduce asset losses.
• AssetWorks, LLC delivers AiM, a web-based EAM platform covering the entire asset lifecycle, with integrated features such as asset tracking, work order management, inventory control, and capital planning. AiM enables cost reduction, process efficiency, and improved decision-making through centralized data and analytics.

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Conclusion:

The enterprise asset management market is set for strong growth, driven by the need for improved asset visibility, predictive maintenance, and the integration of advanced technologies such as IoT, AI, and digital twins. With cloud adoption, rising demand from SMEs, and rapid expansion in Asia Pacific, the market is evolving into a highly intelligent, data-driven ecosystem for asset optimization.