The global enterprise asset management market size accounted for USD 5,140 million in 2024 and is predicted to touch around USD 13,820 million by 2034, growing at a CAGR of 10.4% from 2025 to 2034.
| Industry Worth | Details |
| Market Size in 2025 | USD 5,670 Million |
| Market Size by 2034 | USD 13,820 Million |
| Market Growth Rate from 2025 to 2034 | CAGR of 10.4% |
Enterprise asset management involves work management, asset maintenance, planning and scheduling, supply chain management, and environmental, health and safety (EHS) initiatives. It focuses on centralizing information to facilitate and automate maintenance management processes. The enterprise asset management market is rapidly growing with the improvement and innovation in technology and the increasing demand for enterprise asset management solutions.
The market is also influenced by government and private sector investments in strengthening the infrastructure for such businesses to innovate and provide enterprise asset management solutions. The use of cloud-based systems and integration of big data will help in the growth of the enterprise asset management market in the coming years.
“We have always valued IFS’s extensive knowledge of the timber sector, especially in the Nordics, which was a key reason for our move to IFS Cloud, this upgrade will refine our manufacturing processes, strengthen our planning efforts, and help us stay ahead of evolving market demands. We look forward to working closely with IFS to ensure we continue delivering high-quality, sustainable products to our customers.”
“Oracle’s category leader status across Chartis’ ALM quadrants reflects its evolving Software as a Service strategy and comprehensive functionality, Among the factors contributing to its success, its ability to scale to the highest volumes of its tier 1 customers and flexibility of its data management and integration capabilities were particularly strong.”
North America
North America dominated the enterprise asset management market in 2024 with the highest market share all over the globe. The rising demand for enterprise asset management solutions and rapid technological advancements contribute majorly to the market growth. The presence of prominent players in the market with new and innovative solutions to cater to the increasing demand for enterprise asset management followed by new and emerging startups with fresh ideas to compete equally also play a key role in the market growth.
APAC
Asia-Pacific is anticipated to be the fastest-growing market in the forecasted period of 2025-2034. The APAC region is home to some of the key players in the market and is continuing to grow with the newest technological innovations in the enterprise asset management market. The increase in suppliers, government aid and stringent regulatory policies for enterprise asset management solutions is increasing thus fueling the growth of the market.
The enterprise asset management market is fairly competitive with large industry leaders across the globe. The market experiences new and innovative technological advancements by the industry leaders as well as the new startups. A few prominent leaders in the market include IBM, SAP, Oracle, Infor, IFS, ABB, CGI, Rfgen Software, and Assetworks.
The enterprise asset management market is dominated by several companies but the companies that are renowned for their contribution in the market are listed below:
IBM is an informational technology company. The company provides hybrid cloud and AI opportunities with a platform-centric approach. The company provides integrated solutions and products that leverage data, information technology, deep expertise in industries and business processes, trust and security, and a broad ecosystem of partners and alliances.
Oracle Corporation is one of the largest global enterprise database, middleware and application software providers with its expertise in providing cloud solutions and services to build and manage cloud deployment models. The company recorded a revenue of US$ 52,961 million in the year 2024.
SAP SE is one of the leading global independent software vendors and providers of enterprise resource planning (ERP) software. The company recorded a revenue of US$ 36,982 million in the year 2024 and is expected to grow rapidly over the years.
| Stats ID: | 8233 |
| Format: | Databook |
| Published: | April 2025 |
| Delivery: | Immediate |
| Stats ID: | 8233 |
| Format: | Databook |
| Published: | April 2025 |
| Delivery: | Immediate |
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