Global Enterprise Asset Management Market to Reach $11 Billion by 2032, Driven by AI and IoT
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Global EAM market size was $4.2 billion in 2022 and is forecast to reach $11.24 billion by 2032, with a 10.4% CAGR.
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Growth driven by technologies like AI, IoT, and data analytics that enhance asset optimization and lifecycle management.
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Large enterprises accounted for the largest revenue share in 2022 due to high investment and need for customization.
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Manufacturing sector sees fastest growth due to adoption of IIoT and shift to Industry 4.0.
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North America held the largest market share in 2022, while Asia Pacific to witness fastest growth due to adoption of advanced technologies.