The Enterprise Asset Management (EAM) Market is set to expand by USD 2.18 billion from 2023 to 2028, growing at a CAGR of 7.81%, according to Technavio. This growth is largely attributed to the increasing adoption of digital asset management tools and the need for compliance with changing regulations. Businesses across sectors are partnering to offer more comprehensive EAM solutions, especially in response to growing demands for asset tracking and oversight. The cloud-based deployment model is particularly gaining traction, offering businesses the scalability and cost-effectiveness they need. The push for digital transformation across industries is driving the shift toward modern asset management systems.

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