LAMEA Enterprise Asset Management (EAM) Market Size, Share, Growth and Forecast 2022-2028
The LAMEA EAM market is estimated to
grow significantly during the forecast period. Energy & utility and IT
sectors in Latin American economies are primarily driving the EAM market.
Whereas, in the MEA region, the energy & utility sector is surging the EAM
market growth. The surge in the electricity generating capacity of the
economies adds assets to the electricity generating company including solar
farms, windmills, and many others. This will lead to an increase in the
adoption of EAM solutions to manage and monitor their assets to improve the
efficiency of the company. Apart from these verticals, various other verticals
such as BFSI, retail, healthcare, and government are creating demand for EAM
and hence driving the market growth. Furthermore, the increasing penetration of
cloud-based services across major economies of the region is creating
considerable growth opportunities for the EAM market.
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LAMEA EAM market is segmented on the
basis of deployment and vertical. Based on deployment, the market is bifurcated
into on-premise and cloud-based EAM solutions. Among these, on-premise EAM
solutions held the highest market share in 2019. Energy and utilities,
government and defense, manufacturing, transportation, and logistics industry
mostly prefer on-premise EAM solutions as this solution is more customizable as
compared to cloud-based EAM, thus, it fulfills the requirements of all
end-users. Further, on-premise EAM solutions may also be less vulnerable to
global cyber threats as on-premise EAM set-up is support by experienced IT
professionals, hence, the data security can be handled internally. Based on
vertical, the market is segmented into BFSI, retail, energy & utility,
healthcare, government, IT & telecom, and others such as manufacturing,
transportation, metal & mining, machinery, and construction.
Some of the global companies operating
in the LAMEA EAM market include IBM Corp., Oracle Corp., Microsoft Corp.,
Infor, SAP SE, and others. The market players are considerably contributing to
market growth by adopting various strategies to stay competitive in the market.
LAMEA Enterprise Asset Management (EAM) Market-
Segmentation
By
Deployment
·
On-Premises
·
Cloud-Based
By
Verticals
·
Banking, Financial Services and Insurance (BFSI)
·
Energy & Utilities
·
Healthcare
·
Government
·
IT & Telecom
·
Others
A full report of LAMEA Enterprise Asset
Management (EAM) Market is available at: https://www.omrglobal.com/industry-reports/lamea-enterprise-asset-management-market
LAMEA Enterprise Asset Management (EAM) Market–
Segment by Region
·
Latin America
·
Middle East
·
Africa
Company Profiles
·
ABB Ltd.
·
AVEVA Group PLC
·
Aptean Holdings,
Inc.
·
Infor
·
IBM Corp.
·
Microsoft Corp.
·
Oracle Corp.
·
Pragma Holdings
(Pty) Ltd.
·
SAP SE
·
SoftExpert
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