Enterprise Asset Management (EAM) system solutions are increasingly desired and needed by customers in the water and wastewater utility industry to help bring order to an increasingly varied and numerous software and IoT ecosystem. While the COVID-19 pandemic will depress near-term market growth, the strong customer need for EAM solutions will ensure a quick rebound and strong market growth. Vertical asset management may be the most mature type of EAM solution, but growth and development are being seen in both linear and mobile asset management. Further, great growth in IoT solutions offer opportunities to incorporate an almost exponential growth of data generation into central EAM solutions.
EAM solutions are easily portable across geographies and political boundaries. As a result, and with the assistance of channel partners, key competitors have a global presence, and customers have access to sophisticated, advanced solutions. Geographical variation is more largely felt across the size of utilities, often influencing the available investment budget, and the maturity of local regulations and guidance to generate utility interest. Various contractual arrangements, whether business model or as-a-service options, flexibility in solution design, and the ability to incorporate existing utility systems, can help drive customer acceptance. The wide degree of market fragmentation, however, especially concerning emerging IoT solutions and Tier II market participants, slows market development. There can be a level of customer confusion due to external market realities alongside the internal debate over the value of EAM solutions and how they can be best integrated and leveraged within a utility.
This research service investigates the global EAM management market. With an evaluation of the growth environment and market revenues and forecast, the study further outlines the growth opportunity universe to help direct market participants toward value-add business strategies. The leading stakeholders in the market, including key solution providers, design consultants, and customers have contributed to this research. Data and primary research inputs have been aggregated and analyzed to determine key market opportunities over the forecast period (2019–2024).
Author: Seth Cutler
Why Is It Increasingly Difficult to Grow?
Definition
The Impact of the Top Three Strategic Imperatives on the Water and Wastewater (WWW) Utility EAM Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
EAM Market for WWW Utilities: Scope of Analysis & Regional Segmentation
Enterprise Asset Segmentation
Key Competitors for EAM Market for WWW Utilities
Key Growth Metrics for EAM Market for WWW Utilities
Growth Drivers for EAM Market for WWW Utilities
Growth Driver Analysis for EAM Market for WWW Utilities
Growth Driver Analysis for EAM Market for WWW Utilities (continued)
Growth Driver Analysis for EAM Market for WWW Utilities (continued)
Growth Driver Analysis for EAM Market for WWW Utilities (continued)
Growth Restraints for EAM Market for WWW Utilities
Growth Restraint Analysis for EAM Market for WWW Utilities
Growth Restraint Analysis for EAM Market for WWW Utilities (continued)
Growth Restraint Analysis for EAM Market for WWW Utilities (continued)
Growth Restraint Analysis for EAM Market for WWW Utilities (continued)
Forecast Assumptions—EAM Market for WWW Utilities
Revenue Forecast—EAM Market for WWW Utilities
Revenue Forecast Analysis—Global, EAM Market for WWW Utilities
Revenue Forecast by Region—EAM Market for WWW Utilities
Revenue Forecast Analysis by Region—EAM Market for WWW Utilities
Pricing Trends and Forecast Analysis—EAM Market for WWW Utilities
Competitive Environment—EAM Market for WWW Utilities
Competitive Tiers—EAM Market for WWW Utilities
Revenue Share Analysis—EAM Market for WWW Utilities
Key Growth Metrics for EAM Market for WWW Utilities—North America
Revenue Forecast for EAM Market for WWW Utilities—North America
Forecast Analysis by Region for EAM Market for WWW Utilities—North America
Forecast Analysis by Region for EAM Market for WWW Utilities—North America (continued)
Key Growth Metrics for EAM Market for WWW Utilities—Europe
Revenue Forecast for EAM Market for WWW Utilities—Europe
Forecast Analysis by Region for EAM Market for WWW Utilities—Europe
Forecast Analysis by Region for EAM Market for WWW Utilities— Europe (continued)
Key Growth Metrics for EAM Market for WWW Utilities—Asia-Pacific
Revenue Forecast for EAM Market for WWW Utilities—Asia-Pacific
Forecast Analysis by Region for EAM Market for WWW Utilities—Asia-Pacific
Forecast Analysis by Region for EAM Market for WWW Utilities—Asia-Pacific (continued)
Key Growth Metrics EAM Market for WWW Utilities—Rest of World
Revenue Forecast for EAM Market for WWW Utilities—Rest of World
Forecast Analysis by Region for EAM Market for WWW Utilities—Rest of World
Forecast Analysis by Region for EAM Market for WWW Utilities—Rest of World (continued)
Growth Opportunity 1: Establish a Strong Brand and Public Image to Achieve Differentiation, 2020
Growth Opportunity 1: Establish a Strong Brand and Public Image to Achieve Differentiation, 2020 (continued)
Growth Opportunity 2: Develop EAM Solutions that are Flexible and Interoperable with Third-Party Products, 2020
Growth Opportunity 2: Develop EAM Solutions that are Flexible and Interoperable with Third-Party Products, 2020 (continued)
Growth Opportunity 3: Work with Channel Partners to Access Harder-to-Reach Customers, 2020
Growth Opportunity 3: Work with Channel Partners to Access Harder-to-Reach Customers, 2020 (continued)
Growth Opportunity 4: Market Participants Must Balance Need for “Best of Breed” with Timely Acquisitions, 2020
Growth Opportunity 4: Market Participants Must Balance Need for “Best of Breed” with Timely Acquisitions, 2020 (continued)
Growth Opportunity 5: Demand for Flexibility and Customization Offers Opportunity in Vertical Markets, 2020
Growth Opportunity 5: Demand for Flexibility and Customization Offers Opportunity in Vertical Markets, 2020 (continued)
Growth Opportunity 6: Strategic Partners, Especially Dominant Organizations, Should be Seen as Partners for Growth, 2020
Growth Opportunity 6: Strategic Partners, Especially Dominant Organizations, Should be Seen as Partners for Growth, 2020 (continued)
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| Deliverable Type | Market Research |
|---|---|
| Author | Seth Cutler |
| GPS Codes | 9307-A4,GETE |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | K572-01-00-00-00 |
Competitive Intensity to Power EAM Outcomes and Sophistication in Water and Wastewater Utilities, 2019–2024
Resiliency and Whole Network View to be Top Growth Strategies
15-Dec-2020
North America
Market Research