Enterprise Asset Management (EAM) Market by Component (Solutions, Services)

The Global Enterprise Asset Management (EAM) Market size is expected to grow from USD 5.39 billion in 2023 to USD 13.23 billion by 2032, at a CAGR of 10.49% during the forecast period (2024-2032). Enterprise asset management (EAM) systems emerged in the 1980s as an extension of the Computerized Maintenance Management Systems (CMMS). Enterprise asset management (EAM) systems were designed to substitute manual maintenance systems, and also to satisfy a need to establish robust asset management procedures as the numbers of assets utilized by enterprises grew.