Enterprise asset management market seen topping $13 billion by 2030

The enterprise asset management market is forecast to exceed $13 billion by 2030, driven by IoT, AI, predictive maintenance and cloud adoption. SAP SE led the category in 2025, while North America and cloud solutions are expected to remain the biggest growth engines.

Why it matters: - Enterprise asset management is moving deeper into core industrial software as companies try to cut downtime, extend equipment life and lower maintenance costs. - The market’s growth reflects broader demand for AI, cloud and connected infrastructure across asset-heavy industries. - The segment is projected to surpass $13 billion by 2030, making it a meaningful slice of the larger business software stack.

What happened: - The Business Research Company said the global enterprise asset management market is forecast to grow at a 13% compound annual growth rate through 2030. - SAP SE held the largest market share in 2025 at 8% of global sales. - North America is expected to remain the largest regional market, reaching $4.5 billion by 2030 from $2.5 billion in 2025. - Cloud-based solutions are projected to account for 52% of the market, or about $7 billion, by 2030. - The company published the forecast in its Enterprise Asset Management Global Market Report 2026, part of its market-size and forecast series.

The details: - The report says the enterprise asset management market will top $13 billion by 2030, versus a much larger Business Analytics & Enterprise Software market expected to reach about $1,243 billion. - Within the broader information technology industry, forecast at $13,788 billion in 2030, enterprise asset management represents a small share but a specialized one. - The top 10 companies accounted for 22% of revenue in 2025, showing a moderately fragmented market. - Other leading companies include IBM, Oracle, Siemens, IFS, Hexagon, Accenture, AVEVA, ServiceNow and Aptean. - Key applications include asset lifecycle management, inventory management, work order management and labor management. - Major verticals include energy and utilities, transportation and logistics, government and public services, IT and telecommunications, manufacturing, healthcare and life sciences, and education. - The report says IoT, AI and predictive analytics are central to market growth because they support real-time monitoring, anomaly detection and condition-based maintenance. - Regulatory compliance needs in sectors such as oil and gas, utilities, pharmaceuticals, healthcare, aviation and transportation are also pushing adoption. - The report identifies cloud platforms as the leading deployment model because companies want scalable, subscription-based systems with remote access to asset data. - A specific example cited in the report: Spare launched spare EAM in October 2025 as an AI-native platform for public transit organizations. - The Business Research Company added new analytical features to its 2026 reports, including market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel-based forecasting dashboards, market hotspot infographics and updated graphics and tables. - The company also offers the full report and a free sample via the sample request page and the detailed market report.

Between the lines: - The combination of AI, cloud and predictive maintenance suggests enterprise asset management is shifting from record-keeping software to a live operational system. - A 52% cloud share implies buyers increasingly prefer subscription software over traditional on-premise deployments. - SAP’s 8% share shows the market leader is strong, but not dominant, leaving room for competition from industrial software and enterprise software vendors. - The concentration of demand in North America and the U.S. points to mature industrial markets leading adoption of digital maintenance tools.

What's next: - The report expects on-premise and cloud segments together to add more than $6 billion in market value between 2025 and 2030. - The U.S. is forecast to become the largest country market, reaching $4.1 billion by 2030 from $2.2 billion in 2025. - Providers are likely to keep expanding AI-native tools, cloud offerings and asset performance management features as competition intensifies. - Continued regulatory pressure and connected infrastructure investment should support further enterprise adoption through the end of the decade.

The bottom line: - Enterprise asset management is emerging as a high-growth software category built on cloud delivery, AI analytics and operational efficiency.