| Product Code: ETC4402948 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Singapore Enterprise Asset Management (EAM) Market is on the rise, providing businesses with tools to effectively manage and maintain their assets, including equipment, facilities, and infrastructure. EAM solutions help organizations reduce downtime, enhance asset lifespan, and improve overall operational efficiency, making them essential for asset-intensive industries.
The Singapore enterprise asset management market is experiencing robust growth due to the nation`s emphasis on infrastructure development, manufacturing, and operational efficiency. Companies are adopting EAM solutions to ensure the optimal use of assets, reduce downtime, and extend the lifespan of critical equipment. Maintenance cost reduction, regulatory compliance, and asset performance optimization are key drivers.
The Singapore Enterprise Asset Management (EAM) Market confronts challenges in maintaining and optimizing critical infrastructure. Asset-intensive industries require efficient EAM solutions to reduce downtime and increase asset lifespan. Ensuring data accuracy and managing the entire asset lifecycle, including maintenance, repair, and replacement, are ongoing challenges. Additionally, addressing cybersecurity threats to critical assets is crucial.
The COVID-19 pandemic accelerated the adoption of enterprise asset management solutions in Singapore. With disruptions in supply chains and the need to optimize asset utilization, businesses sought ways to manage their assets efficiently. Enterprise asset management solutions gained prominence as they provided organizations with tools to track, maintain, and manage their assets, including equipment and facilities. The pandemic emphasized the importance of enterprise asset management in ensuring operational continuity and cost-effectiveness.
The Singapore Enterprise Asset Management (EAM) market has seen substantial growth as organizations seek to optimize the management and maintenance of their physical assets. Leading players such as IBM Maximo, Infor EAM, and SAP EAM offer EAM solutions that facilitate asset tracking, maintenance planning, and reliability management. These solutions have become essential for industries in Singapore, including manufacturing, utilities, and infrastructure, to ensure asset efficiency and longevity.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Enterprise Asset Management Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Enterprise Asset Management Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Enterprise Asset Management Market - Industry Life Cycle |
3.4 Singapore Enterprise Asset Management Market - Porter's Five Forces |
3.5 Singapore Enterprise Asset Management Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.6 Singapore Enterprise Asset Management Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.7 Singapore Enterprise Asset Management Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Singapore Enterprise Asset Management Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.9 Singapore Enterprise Asset Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Singapore Enterprise Asset Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on operational efficiency and cost optimization among Singapore enterprises |
4.2.2 Implementation of IoT and AI technologies in asset management practices |
4.2.3 Growing adoption of cloud-based solutions for asset management |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing enterprise asset management solutions |
4.3.2 Resistance to change and adoption of new technologies among traditional companies |
5 Singapore Enterprise Asset Management Market Trends |
6 Singapore Enterprise Asset Management Market, By Types |
6.1 Singapore Enterprise Asset Management Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Singapore Enterprise Asset Management Market Revenues & Volume, By Application , 2021-2031F |
6.1.3 Singapore Enterprise Asset Management Market Revenues & Volume, By Asset Lifecycle Management, 2021-2031F |
6.1.4 Singapore Enterprise Asset Management Market Revenues & Volume, By Inventory Management, 2021-2031F |
6.1.5 Singapore Enterprise Asset Management Market Revenues & Volume, By Work Order Management, 2021-2031F |
6.1.6 Singapore Enterprise Asset Management Market Revenues & Volume, By Labor Management, 2021-2031F |
6.1.7 Singapore Enterprise Asset Management Market Revenues & Volume, By Predictive Maintenance, 2021-2031F |
6.1.8 Singapore Enterprise Asset Management Market Revenues & Volume, By Facility Management, 2021-2031F |
6.2 Singapore Enterprise Asset Management Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Singapore Enterprise Asset Management Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.3 Singapore Enterprise Asset Management Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.2.4 Singapore Enterprise Asset Management Market Revenues & Volume, By Healthcare & Life Sciences, 2021-2031F |
6.2.5 Singapore Enterprise Asset Management Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.2.6 Singapore Enterprise Asset Management Market Revenues & Volume, By IT & Telecom, 2021-2031F |
6.2.7 Singapore Enterprise Asset Management Market Revenues & Volume, By Government & Public Sector, 2021-2031F |
6.2.8 Singapore Enterprise Asset Management Market Revenues & Volume, By Other Verticals, 2021-2031F |
6.2.9 Singapore Enterprise Asset Management Market Revenues & Volume, By Other Verticals, 2021-2031F |
6.3 Singapore Enterprise Asset Management Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Singapore Enterprise Asset Management Market Revenues & Volume, By Solutions, 2021-2031F |
6.3.3 Singapore Enterprise Asset Management Market Revenues & Volume, By Services, 2021-2031F |
6.4 Singapore Enterprise Asset Management Market, By Deployment Model |
6.4.1 Overview and Analysis |
6.4.2 Singapore Enterprise Asset Management Market Revenues & Volume, By On-premises, 2021-2031F |
6.4.3 Singapore Enterprise Asset Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.5 Singapore Enterprise Asset Management Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 Singapore Enterprise Asset Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 Singapore Enterprise Asset Management Market Revenues & Volume, By SMEs, 2021-2031F |
7 Singapore Enterprise Asset Management Market Import-Export Trade Statistics |
7.1 Singapore Enterprise Asset Management Market Export to Major Countries |
7.2 Singapore Enterprise Asset Management Market Imports from Major Countries |
8 Singapore Enterprise Asset Management Market Key Performance Indicators |
8.1 Percentage increase in asset uptime and availability |
8.2 Reduction in maintenance costs per asset |
8.3 Increase in the number of preventive maintenance activities completed on schedule |
8.4 Improvement in overall equipment effectiveness (OEE) |
8.5 Increase in the number of assets managed per asset manager |
9 Singapore Enterprise Asset Management Market - Opportunity Assessment |
9.1 Singapore Enterprise Asset Management Market Opportunity Assessment, By Application , 2021 & 2031F |
9.2 Singapore Enterprise Asset Management Market Opportunity Assessment, By Vertical , 2021 & 2031F |
9.3 Singapore Enterprise Asset Management Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Singapore Enterprise Asset Management Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
9.5 Singapore Enterprise Asset Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Singapore Enterprise Asset Management Market - Competitive Landscape |
10.1 Singapore Enterprise Asset Management Market Revenue Share, By Companies, 2024 |
10.2 Singapore Enterprise Asset Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |