20 Most Promising EAM Solution Providers - 2016

This IDC study examines the market for enterprise asset management software, which is forecast to grow at a rapid pace (at a 6.9 percent CAGR, it is expected to reach USD 2.35 billion by 2019), driven by demand for public cloud offerings and industrial Internet of Things (IIoT). The major factors fuelling the growth of EAM market are rising uptake of cloud-based solutions among organizations, maximization of return on assets, higher need for supervision of aging assets, ability of EAM to integrate with big data analytics, connectivity of various applications and operations in a single database through EAM, and mobility in asset management- to track and manage mobile assets etc.

Enterprise asset management solutions have moved rapidly to the cloud as asset-intensive organizations leverage the industrial Internet of Things to manage risk, strategy, and the performance of the equipment, fleets, and facilities critical to running their business. Increasingly, organizations are using asset-centric networks to collect network-based information — from the viewpoint of any node, application, or asset on the network — that can be used to make decisions. At the same time, rising dependence on smarter, more complex and costly assets in a digital age means that their failure can bring catastrophic consequences. This is one reason why regulatory bodies have increased the pressure on companies from all industries. Pressure comes in the form of mandated policies and procedures, compliance audits, mandatory certification, hefty penalties to the company for non-compliance, and large fines with even jail term for the individuals responsible.

Asset management software vendors have recognized this trend and have developed features and functions that can assist senior management in better managing risk. These include electronic signature, risk scoring, and document management. We understand the emerging need of Asset management software and therefore we bring to you 20 Most Promising EAM Solution Providers. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIOReview editorial board we believe that these companies will help organizations tackle the market pressures, demands, and trends and better manage the assets for maximum functionality and sustainability of the business.   

We present to you CIOTechOutlook 20 Most Promising EAM Solution Providers - 2016.