Automotive and Transportation North America Enterprise Asset Management Market | Page 2

North America Enterprise Asset Management Market
The North America enterprise asset management market is expected to reach $2,125.9 million by 2023,
according to P&S Intelligence.
Rising need to reduce operating costs and increasing asset utilization are the key factors driving the market
growth.
Based on component, the North American enterprise asset management market has been categorized into
solutions, software, and services. Of these, software category held the largest market share of more than 50% in
2017. The software category is mainly driven by increasing need for effective management of enterprise
resources and their assets, wherein assets maintenance, repair, and operations (MRO) is expected to register
highest growth rate during the forecast period.
Based on industry, the North American enterprise asset management market has been classified into
government, oil and gas, healthcare, transportation and logistics, manufacturing, energy and utilities and others
(includes retail, metal and mining). Healthcare industry is expected to register highest CAGR during the forecast
period, as enterprises are in need to comply with changing regulatory standards, track mobile assets and
manage medical equipment.
P&S Intelligence