Executive Briefings

Market for Enterprise Asset Management Solutions Recovers

Just as homeowners are more likely to renovate their current homes rather than purchase a new one when the economy is soft, so too are many manufacturers opting to maintain and repair their existing equipment rather than making substantial capital investments in new systems.

According to Ralph Rio, research director at analyst firm ARC Advisory Group, there's been strong growth in the adoption and usage of maintenance management systems, and that growth has been propelled by four key factors: uptime, cost control, asset longevity and safety.

After a few down years due to the recession, the market for so-called enterprise asset management solutions has rebounded, reaching $2.2bn in 2011. Rio sees this market continuing to expand over the next several years, reaching $3bn by 2015. EAM solutions typically include several areas of functionality required by maintenance organizations, he notes, including: asset information management, work order management, MRO materials management, labor management and service contract management. But that's just for starters. Some companies, for instance, are adapting this maintenance-centric technology to reduce their carbon footprints as they get a better handle on their energy usage.

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Keywords: supply chain management IT, supply chain solutions, logistics & supply chain, enterprise equipment maintenance solutions 

According to Ralph Rio, research director at analyst firm ARC Advisory Group, there's been strong growth in the adoption and usage of maintenance management systems, and that growth has been propelled by four key factors: uptime, cost control, asset longevity and safety.

After a few down years due to the recession, the market for so-called enterprise asset management solutions has rebounded, reaching $2.2bn in 2011. Rio sees this market continuing to expand over the next several years, reaching $3bn by 2015. EAM solutions typically include several areas of functionality required by maintenance organizations, he notes, including: asset information management, work order management, MRO materials management, labor management and service contract management. But that's just for starters. Some companies, for instance, are adapting this maintenance-centric technology to reduce their carbon footprints as they get a better handle on their energy usage.

Read Full Article


Keywords: supply chain management IT, supply chain solutions, logistics & supply chain, enterprise equipment maintenance solutions