Canada EAM market is estimated to grow significantly at a CAGR of around 7.8% during the forecast period. The market in Canada is primarily driven by the increasing number of enterprises coupled with increased penetration of cloud-based services in the country. EAM solutions are implemented by an organization to handle critical asset information as well as to manage assets. By doing this, an organization aims to improve its efficiency and operational capability. A significant demand for EAM solutions by various industry verticals can be observed in the country. Major verticals that influences the market growth within the country include energy & utility, BFSI, retail, healthcare, IT & telecom, and manufacturing among others. These industry verticals are comprised of several companies that hold assets valuing million dollars, hence creating opportunities for the adoption of EAM solutions.  

The Canada EAM market is segmented on the basis of deployment and vertical. Based on deployment, the market is bifurcated into on-premise and cloud-based EAM solutions. Among these, on-premise EAM solutions held the highest market share in 2019. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise EAM solutions as this solution is more customizable as compared to cloud-based EAM, thus, it fulfills the requirements of all end-users. Further, on-premise EAM solutions may also be less vulnerable to global cyber threats as on-premise EAM set-up is support by experienced IT professionals, hence, the data security can be handled internally. Based on vertical, the market is segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others (manufacturing, transportation, metal and mining, machinery, and construction).

The companies which are contributing to the growth of the Canada EAM market include IBM Corp., Oracle Corp., Microsoft Corp., Infor, Nuvolo, AssetWorks, LLC and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. 

Research Methodology

The market study of the Canada EAM market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for EAM market players, potential entrants and IT companies for the overall market and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Canada EAM Market Research and Analysis by Deployment
2. Canada EAM Market Research and Analysis by Verticals

The Report Covers

• Comprehensive research methodology of the Canada EAM market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Canada EAM market.
• Insights about market determinants which are stimulating the Canada EAM market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.