2025-09-15
Enterprise Asset Management Market Set for Robust Growth Driven by Digital Transformation, Predictive Maintenance, and Regulatory Compliance - Verified Market Research®
Lewes, Delaware, Sept. 15, 2025 (GLOBE NEWSWIRE) -- The Global Enterprise Asset Management Market Size is projected to grow at a CAGR of 15.40% from 2026 to 2032, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.5 Billion in 2024 and is expected to reach USD 9.5 Billion by the end of the forecast period.The Enterprise Asset Management Market is at the forefront of technological transformation, empowering industries to optimize asset utilization, extend equipment life, and ensure compliance with evolving global standards. Organizations in manufacturing, energy, transportation, healthcare, and utilities are increasingly embracing cloud-based enterprise asset management solutions to minimize downtime and improve operational efficiency.Market demand is being accelerated by the integration of IoT, AI, and predictive analytics into EAM software, allowing businesses to transition from reactive maintenance models to predictive, data-driven asset management strategies. As regulatory compliance becomes more stringent, particularly in sectors such as oil & gas, pharmaceuticals, and energy, EAM adoption is no longer optional but a critical investment.For a detailed analysis of industry trends and growth drivers, explore the full Enterprise Asset Management Market.Browse in-depth TOC202 - Pages126 – Tables37 – FiguresGlobal Enterprise Asset Management Market OverviewMarket Driver1. Rising Need for Asset Lifecycle OptimizationEnterprises across industries are under constant pressure to extend the lifespan of their critical assets while reducing maintenance costs. The Enterprise Asset Management (EAM) market is being fueled by this growing demand for efficiency.EAM solutions provide predictive maintenance tools to identify issues before failures occur.Real-time asset monitoring enables reduced downtime and improved resource allocation.Performance analytics help businesses maximize return on investment while streamlining operations.With rising operational costs, organizations are increasingly adopting EAM platforms to enhance asset lifecycle management and ensure higher productivity.2. Digital Transformation and IoT IntegrationThe integration of Internet of Things (IoT) and digital technologies is revolutionizing enterprise asset management. Businesses are shifting from reactive maintenance models to predictive and automated systems.IoT sensors collect real-time data from machinery and infrastructure.Artificial intelligence (AI) and analytics enable automated decision-making.Cloud-based EAM solutions improve scalability, accessibility, and ERP integration.Digital transformation initiatives are accelerating EAM adoption as enterprises seek smarter, more agile, and future-ready approaches to manage their assets effectively.3. Regulatory Compliance and Risk ManagementCompliance with industry-specific regulations has become a critical factor driving the adoption of EAM solutions. Non-compliance leads to significant risks, including financial penalties and reputational loss.EAM software maintains accurate audit trails and documentation.Compliance monitoring ensures organizations meet environmental, safety, and quality standards.Risk management features help businesses mitigate operational hazards.Industries such as oil & gas, pharmaceuticals, and energy are increasingly turning to EAM to manage compliance requirements while maintaining operational reliability and sustainability.Organizations aiming to understand future adoption trends request a sample report on the EAM market for detailed forecasts. Market Restraints1. High Implementation and Integration CostsWhile EAM solutions bring long-term benefits, the initial setup and deployment costs remain a significant barrier, particularly for small and medium-sized enterprises.High capital investment is required for software licensing ...Full story available on Benzinga.com