This IDC study provides market share data for the enterprise asset management (EAM) applications market in 2019. The worldwide EAM applications market experienced 5.7% growth in 2019, reaching $2.2 billion compared with $2.1 billion and 7.1% growth in 2018. Growth was fueled by the ongoing adoption of formal asset and facility management solutions into more organization types and asset categories, investment in public cloud services, and product enhancements made by EAM applications vendors."Enterprise adoption of innovation accelerators, such as IoT, digital twin, augmented reality, and location-based solutions, is gaining momentum and contributing to the steady enterprise asset management market growth. Assets are on the frontline, serving customers, creating products, and enabling workplace performance, thus organizations are pursuing technologies to improve facility and maintenance performance," says Juliana Beauvais, research manager, Enterprise Applications at IDC.
IDC Market Share Figure
Advice for Technology Suppliers
Who Shaped the Year
- AVEVA Group
- Dude Solutions
- Mergers and Acquisitions
- Significant Market Developments