European EAM market is estimated to grow significantly at a CAGR of around 10.3% during the forecast period. The market in Europe is primarily driven by the growing application of EAM software in various verticals such as BFSI, energy & utility healthcare, government, IT & telecom and others. The growing trend towards cloud-based EAM software by enterprises is one of the major factors encouraging the growth of the market. Large storage space is required to store the commercial data generated by the large as well as small & medium-sized enterprises. Cloud-based EAM can provide a solution as the data is stored on servers. The cloud services can provide flexibility and scalability of their business performance and lower the cost of operations. Further, with the increasing amount of data generated through IoT, many enterprises have shifted their data to the cloud storage by choosing cloud service providers.

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The European EAM market is segmented on the basis of deployment and vertical. Based on deployment, the market is bifurcated into on-premise and cloud-based EAM solutions. Among these, on-premise EAM solutions held the highest market share in 2019. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise EAM solutions as this solution is more customizable as compared to cloud-based EAM, thus, it fulfills the requirements of all end-users.

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Further, on-premise EAM solutions may also be less vulnerable to global cyber threats as on-premise EAM set-up is support by experienced IT professionals, hence, the data security can be handled internally. Based on vertical, the market is segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others (manufacturing, transportation, metal and mining, machinery, and construction).

The companies which are contributing to the growth of the European EAM market include ABB Ltd., AVEVA Group PLC, Carl International SA IBM Corp., Oracle Corp., Microsoft Corp., SAP SE and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.


European Enterprise Asset Management Market Segmentation
European EAM Market by Deployment
• On-premises
• Cloud-Based

European EAM Market by Verticals
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Healthcare
• Government & Utilities
• IT & Telecom
• Others

European Enterprise Asset Management Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• ABB Ltd.
• ABS Group
• AVEVA Group PLC
• Carl International SA
• IFS AB
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• SAP SE
• Ultimo Software Solutions BV


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