Gartner Research

Forecast Overview: Enterprise Asset Management Applications, Worldwide, 2019 Update

Published: 09 January 2019

ID: G00375678

Analyst(s): Kristian Steenstrup, Nicole Foust, Nigel Montgomery

Summary

Market growth for EAM packaged applications will sustain midsingle digits through 2022 despite being surrounded by unprecedented technological advancement. Technology product managers can increase differentiation by focusing on the customer’s asset life cycle maturation journey.

Table Of Contents
  • Overview
  • Companion Documents

Market Description

  • What Has Driven Growth and Spend in EAM Software?
  • What Will Growth Look Like Through 2022?
  • What Will Sustain and Grow the EAM Software Market?
  • What’s Next?
    • Technology Adoption Aids Process Maturity
    • AI: The Competitive Trojan Horse of Asset Management Software Sales
    • Augmented Reality/Virtual Reality: Adding to the Fuel for EAM Uptake and Replacement
    • Closer to the Edge

Foundational Assumptions

  • Company Adoption
  • Purchase Style Adoption
  • Replacement Purchase Style
  • Functional Extension

Market Model or Methodology

  • Forecast Components
    • Traditional License Forecast
    • Cloud Forecast
    • Subscription/Hosted Forecast
    • Open-Source Software (OSS) Forecast
    • ERP-EAM Revenue Forecast
  • Negotiated Factors
    • Price and Maintenance
  • Demand-Side Influencing Factors
    • Company/Unit Adoption
    • Initial Purchase Style
    • Functional Expansion
    • Unit Expansion
    • Replacement
  • Supply-Side Influencing Factors
    • Hardware and Software Technology Innovation
    • Business and Technology Roadmaps
    • Product Design and Pricing
  • Behavioral Considerations
    • Macroeconomic and Regulatory Factors

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