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NEW YORK, March 17, 2021 /PRNewswire/ -- One of the best markers of a company's profitability is the return on investment (ROI), which is a direct comparison of its investments with the revenue they are helping generate. Therefore, the higher the ROI, the more profitable the company. This is to be a key factor in the
growth of the global enterprise asset management market to $25.9 billion by 2030 from $5.5 billion in 2019, at a 17.0% CAGR between 2020 and 2030, according to the market research study published by P&S Intelligence.
This is because EAM solutions make it easier for businesses to manage and monitor their machines, factories and office buildings, IT infrastructure, and other assets. In essence, the key enterprise asset management market driver is the ability of such solutions to alert users about the preventive maintenance of the assets, which helps reduce the revenue loss due to their unexpected malfunctioning.