Market Highlights:
Nov. 07, 2017 – PowerPlan (US), provider of strategic corporate performance software for asset-intensive companies, and MACS EU Ltd, one of Europe’s largest IBM Gold Business Partners for the Enterprise Asset Management solution IBM® Maximo®, announce their partnership. This partnership enables IBM® Maximo® to offer their clients a complete EAM solution, including the opportunity to make asset investment decisions and asset lifecycle costing analysis, which closes the gap between operations and accounting.
Nov. 08, 2017 – Infor (US), provider of beautiful business applications specialized by industry and built for the cloud, announced the launch of an updated version of Infor Enterprise Asset Management, an application that delivers consumable, actionable insights to help companies proactively manage assets, asset information, and maintenance activities. The latest version of Infor EAM, version 11.3.2, is now generally available in the cloud as well as via Infor CloudSuite™ Facilities Management, and delivers several new features for tracking, mobility and management. Infor EAM includes several industry-specific features designed to simplify asset management for manufacturing, facilities, life sciences, fleet/transportation, municipalities, and public sector organizations.
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Major Key Players
SAP SE (Germany),
Infor (U.S.),
IBM (U.S.),
Oracle Corporation (U.S.),
Schneider Electric (France),
AssetWorks LLC (U.S.),
IFS AB (Sweden),
ABB Group (Switzerland),
Mintek Mobile Data Solutions (U.S.),
Ramco Systems (India)
According to a recent study report published by the Market Research Future, The global Enterprise Asset Management Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a humongous growth by 2022, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2016 – 2022). In 2016, the Global Enterprise Asset Management Software valued at USD ~4 billion which is expected to grow to USD ~ 8 billion by the end of forecast period with a double digit CAGR of ~11%. Which means the market will increase twofold.
Enterprises as they start expanding, they need a system to keep the record of their assets and help managing them. Enterprise Assets today, are connected in a complex ecosystem, accreting pulling in reams of data from the Internet of Things. Apart from managing and controlling assets, Enterprise Asset Management software using powerful analytics and cloud technologies, enables predictive maintenance and also helps businesses to make smart decisions based on cognitive analysis and insight. This is the predominant factor that dynamically drives the market of EAM.
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Intended Audience
- Enterprise Asset Management Software Providers
- SMEs and Large Enterprise Asset Management Organization
- Training and Education Service Providers
- Enterprise Asset Management Vendors
- Construction Companies
- Cloud Service Providers
- Network Service Providers
- Support and Maintenance Service Providers
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