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Enterprise Asset Management Market: Mitigating Interruptions to Propel 8.2% CAGR by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 26, 2024 /PRNewswire/ — According to SkyQuest, the global Enterprise Asset Management Market size was valued at USD 3.92 Billion in 2022 and is poised to grow from USD 4.21 Billion in 2023 to USD 7.74 Billion by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).

Enterprise asset management is remarkably driven by technological improvements and innovations. The current progression of enterprise asset management is addressing several businesses that are going through transforming scenes, targeting to fulfil for growing demand of dynamic of interlinked and dynamic worldwide environment. The speedy technological improvements of the modern digital world have significantly impacted asset management and operations handling strategies of industries.

The increasing adoption of IoT in most industries has noticeably enhanced the tracking systems for the assets of enterprises. Hence, the incorporation of IoT in enterprise asset management solutions offers better detection and control variations, leading to improved market scenarios in the past years. Moreover, drone-based enterprise solutions and advancements in AI are projected to majorly transform the enterprise asset management market.

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Enterprise Asset Management Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 4.21 Billion

Estimated Value by 2031

USD 7.74 Billion

Growth Rate

Poised to grow at a CAGR of 8.2%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Offering, Application, Organization Size, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Expanding Adoption of Micro-Enterprise and Cloud-Based Architecture in Enterprise Asset Management

Key Market Drivers

Introduction of Technologies that offer Competitive Edge

Segments covered in Enterprise Asset Management Market are as follows:

OfferingSolution, Services (Professional Services [Planning & Consultation, Training & Education, and Support & Maintenance], Managed Services)ApplicationAsset Lifecycle Management, Inventory Management, Work Order Management, Labor Management, Predictive Maintenance, Facility Management, OtherOrganization sizeSmall and Medium-sized Enterprises, Large EnterprisesVerticalManufacturing (Heavy machinery manufacturing, Discrete manufacturing & Process manufacturing), Energy and Utilities (Power Generation, Renewable Energy and Oil- Gas Exploration & Production), Healthcare and Life Sciences (Hospitals & Clinics, Pharmaceutical Companies, Medical Device Manufacturers & Others), Transportation and Logistics (Fleet Management, Warehouse Management System, Distribution Equipment System & others), IT & Telecommunications (Telecom infrastructure, Network operation & Data centers), Government and Public Sector (Infrastructure management, Public works & Municipal services), Education (Education facilities & Research institutions), Others.

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Solution Segment to Lead on the back of Increasing Need for Strong and Cost-Effective Solutions by Companies

By offering, the solution segment dominated the enterprise asset management market in the past years. Since numerous companies are looking forward to adopting improved solutions, they are also desiring budget-friendly and strong systems for managing enterprise assets. This trend is projected to boost the segment growth in the coming years. The demand for enhanced EAM is projected to increase substantially to avoid errors in systems and detect and foresee them. To control expenses and spend less on repairs and maintenance, most enterprises are heavily adopting EAM systems.

The services segment is projected to be the fastest growing and will continue to lead with a notable CAGR. The key reason behind the growth of the segment is attributed to the growing need for experts who will efficiently handle and manage the growing number of services in the past years. Hence, both services as well as the solutions segment are propelling the market growth.

Asset Lifecycle Management Domain to Rule the Market Due to Increased Benefits of the Software

By Application, asset lifecycle management dominated the market in the past years owing to rising demand for asset lifecycle management software solutions. The software helps with proper planning, scheming or designing, and finishing numerous projects that were not possible due to its complex nature. Asset lifecycle management also supervises operations and maintenance. This will ultimately support the growth of the segment, thereby driving the market growth.

The time spent on the numerous processes and the number of errors made are considerably lessened with the help of the EAM system. Moreover, inventory management is the fastest-growing segment and is expected to grow flourishingly in the coming years. The solution offers important information about the use of components and the price of the components.

View report summary and Table of Contents (TOC):

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Growing Demand for Improved EAM Systems to Propel the Large Enterprises Segment

By organization size, the large enterprises segment registered for a majority share of the market since they can spend enough money to invest in EAM systems, which will eventually amplify the adoption of these systems in the large businesses.

Nonetheless, the small and medium-sized enterprises segment is expected to be the fastest growing in the years to come. The growing trend of adoption of EAMs in these businesses is mostly observed in emerging and underdeveloped economies. Hence the forthcoming years will see increased adoption of EAMs that will help small and medium-sized businesses to take full advantage of the software and tools of EAMs.

Enterprises Increasingly Adopting the Trends to Further Contribute the Market Progress

The emerging trend in the market is denoting a changing world that is making the best use of technology to enhance the performance of assets, encourage sustainability, and reduce operational costs. Organizations are embracing these trends and technologies, which will help them to address the new complexities of asset management in a better way and arrange the organization for progress in a changing landscape. Welcoming these improvements will not just assure higher operational efficacy and control costs, but also support in inclining towards sustainability, offering strategic benefit in the current changing business scenario.

Related Report:

Healthcare Asset Management Market

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Crypto Asset Management Market

Identity And Access Management (IAM) Market

Facility Management Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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BONGUARD NATURALS ANNOUNCES RESOLUTION OF PATENT MATTER, REINFORCING PROTECTION OF NIXODINE® TECHNOLOGY

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Amicable Settlement Underscores Strength of Bonguard’s Intellectual Property Portfolio and Commitment to Protecting Innovation

PHOENIX, Sept. 8, 2026 /PRNewswire/ — Bonguard Naturals today announced the successful and amicable resolution of a patent matter protecting the intellectual property behind Nixodine®, a 6-methyl technology platform the company believes has the potential to fundamentally reshape its industry.

The resolution represents an important validation of Bonguard Naturals’ strategy to build, protect, and commercialize a robust intellectual property portfolio around a new generation of 6-methyl products. It also affirms the company’s commitment to defending those rights while fostering constructive relationships within the industry.

Ready Mix Naturals, LLC, owner of the patent portfolio covering innovative 6-methyl products sold under the Nixodine® brand, previously filed a federal patent action concerning certain products. The matter has now been resolved through a cooperative settlement that leaves the Nixodine® patent portfolio fully intact.

From the outset, LBC Products demonstrated a high degree of professionalism and compliance with Ready Mix’s requests. The parties worked constructively to reach an agreement that respects the underlying intellectual property while providing a clear, authorized path forward. Bonguard Naturals appreciates LBC’s cooperative approach throughout the process.

THE MESSAGE TO THE MARKETPLACE IS CLEAR:
THESE PATENTS MATTER. THEY ARE BEING PROTECTED. AND BONGUARD NATURALS REMAINS COMMITTED TO SAFEGUARDING THE INNOVATION BEHIND NIXODINE®.

Protecting Technology With the Potential to Define an Industry

The patents at the center of the matter form part of the intellectual property foundation supporting Nixodine®, an emerging 6-methyl product platform that Bonguard Naturals believes is poised to become an important force in the evolution of the industry.

As companies race to develop the next generation of products in this rapidly changing marketplace, proprietary technology — and the patents protecting it — can determine who ultimately leads a new category. Bonguard Naturals intends to be one of those leaders.

“We believe Nixodine® represents an extraordinary technological and commercial opportunity, and protecting the intellectual property behind it is one of our highest priorities,” said Rick Avila, co-founder of Bonguard Naturals. “These patents protect innovation that we believe has the potential to transform this industry. We invested in developing it, we invested in protecting it, and when necessary, we will invest in enforcing it.”

“This resolution should remove any doubt about how seriously we take our intellectual property,” Avila continued. “At the same time, we value constructive dialogue and are pleased that this matter was resolved in a spirit of cooperation.”

Building an Authorized Ecosystem

The agreement also highlights the commercial strength of the Nixodine® intellectual property strategy. It establishes a clear framework under which future participation in the 6-methyl space can occur through authorized channels that respect the underlying patents and brand standards.

Bonguard Naturals is not merely building a brand. It is building an intellectual-property-protected commercial ecosystem around technology it believes could help define the next era of the industry.

Four U.S. Patents — And A Broader Intellectual Property Portfolio

The matter involved U.S. Patent Nos. 11,964,958; 12,358,888; 12,358,889; and 12,497,381.

The broader portfolio also encompasses certain related divisional, continuations, continuations-in-part, reissues and reexaminations. Together, these intellectual property rights form an increasingly important protective framework around Nixodine® technology.

A Clear Signal to the Marketplace

Bonguard Naturals intends to continue monitoring the marketplace for potential infringement and taking appropriate action to protect its intellectual property when necessary.

For manufacturers, distributors and brands operating in the 6-methyl space, this resolution establishes an important precedent: the company is attentive to the market, understands the value of its patents, and is prepared to protect them — preferably through constructive engagement whenever possible.

“In emerging industries, there is often a period where companies assume new technology is simply available for anyone to copy,” Avila said. “That is not the case here. We have built meaningful intellectual property around Nixodine®, and we intend to defend it. We also welcome those who wish to participate through authorized channels.”

As Nixodine® moves toward broader commercialization, Bonguard Naturals intends to continue investing in innovation, expanding its intellectual property position, and protecting the technology it believes can help transform the industry.

About Bonguard Naturals

Bonguard Naturals is the company behind Nixodine®, an innovative 6-methyl product platform supported by a growing intellectual property portfolio. The company is focused on developing, protecting and commercializing proprietary technology while building an authorized commercial ecosystem designed to safeguard innovation, product integrity and the Nixodine® brand.

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SOURCE Bonguard Naturals

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Trading Technologies and FairXchange Partner to Deliver Independent Execution Analytics for Institutional FX

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Adds independent liquidity and execution analytics to TT’s institutional FX execution venue

LONDON and CHICAGO, Sept. 8, 2026 /PRNewswire/ — Trading Technologies International, Inc. (TT), a global capital markets technology provider, and FairXchange, part of United Fintech and a leading data science firm specializing in independent microstructural FX analytics, today announced the integration of FairXchange Horizon into TT’s institutional foreign exchange (FX) offering.

With FairXchange Horizon’s market-leading analytics embedded directly into the TT® platform, clients trading FX through TT can access independent execution analytics across spot FX, forwards, non-deliverable forwards (NDFs) and swaps. FairXchange Horizon’s liquidity and algo analytics enable clients to measure execution quality, analyze flow and liquidity-provider performance, and optimize counterparty relationships.

The partnership meets the need for greater execution transparency and liquidity optimization among institutional FX participants, combining TT’s execution capabilities with FairXchange’s independent analytics to provide a complete FX trading workflow.

Tom Robinson, Partner, United Fintech, said: “This partnership addresses a clear need within institutional FX trading for best-in-class analytics to manage liquidity relationships and execution quality. Horizon delivers this by providing independent insight into flow, pricing and counterparty activity across the full FX execution workflow.”

Tomo Tokuyama, EVP, Managing Director, FX at Trading Technologies, said: “We will give clients access to best-in-class technology across every aspect of the trading workflow. FairXchange Horizon complements TT’s institutional FX execution capabilities by providing independent, data-driven analytics that help clients evaluate execution quality, strengthen liquidity relationships and make more informed trading decisions. It’s another example of TT delivering an open, multi-asset platform built around our clients’ needs.”

TT FX unifies OTC and listed markets within a single, high-performance workflow, with liquidity from bank and non-bank liquidity providers alongside primary FX venues and electronic communication networks (ECNs). Clients can trade FX alongside futures and precious metals through a single, unified interface within TT’s market-leading execution management system (EMS), either directly or via bank algorithms.

About FairXchange and United Fintech
FairXchange, part of United Fintech, is a data science firm specializing in microstructural analysis of financial markets. Its mission is to bring clarity and transparency to execution performance through independent data, facilitating constructive, data-driven conversations between market participants.

Founded in 2020, United Fintech is an industry-neutral ecosystem connecting financial institutions with best-in-class fintech solutions. Through selective acquisitions, deep integration, and a shared infrastructure, United Fintech streamlines procurement and accelerates the adoption of new technology across global finance.

Backed by strategic investors including Citi, Danske Bank, BNP Paribas, Standard Chartered, and Barclays, United Fintech combines capital markets expertise with technology leadership to help financial institutions modernize their operations and drive sustainable growth.

United Fintech has 10 offices worldwide, including in London, New York, Copenhagen, Singapore and UAE.

For more information, visit www.unitedfintech.com.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com), owned by Thoma Bravo and 7RIDGE, is a global capital markets platform services company providing market-leading technology for the end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. With its roots in listed derivatives, the Software-as-a-Service (SaaS) company delivers “multi-X” solutions across asset classes, functions, workflows and geographies. The TT platform ecosystem features trade execution across futures, options, fixed income, foreign exchange (FX) and cryptocurrencies, augmented by solutions for data and margin analytics, trade surveillance, clearing and post-trade allocation.

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SOURCE Trading Technologies

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oneworld Partners with Popular App Timeshifter to Help Round the World Travellers Beat Jet Lag

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Science-based, personalised jet lag plans provided for every Round the World journey purchased on oneworld.com

FORT WORTH, Texas, Sept. 8, 2026 /PRNewswire/ — The oneworld® Alliance is helping customers adjust to new time zones faster and lose fewer days to jet lag on Round the World journeys through a new partnership with Timeshifter – the world’s most-downloaded jet lag app, with more than 1.7 million users.

Effective immediately, customers purchasing Round the World trips on oneworld.com will receive a complimentary Timeshifter subscription that covers their entire itinerary, considering every flight and time zone shift from departure to final return.

“Our partnership with Timeshifter will help Round the World customers arrive ready to enjoy each new destination by supporting better sleep and faster adjustment to new time zones,” said Roger Blackburn, vice president of Loyalty and Commercial for oneworld, in remarks from the stage at the oneworld Loyalty Summit in Dallas/Ft. Worth. “Jet lag has a significant impact on health and wellbeing. This new partnership provides oneworld an opportunity to do what we do best: deliver a premium, elevated experience at every opportunity along the journey.”

Timeshifter is based on the latest circadian science, and advice is personalised to each customer’s flight itinerary, typical sleep pattern, chronotype and personal preferences.

“Timeshifter is trusted by astronauts, Formula One teams and professional athletes, and we are excited to be working with oneworld to provide this same circadian science to oneworld’s customers, improving their health and enjoyment when they cross time zones,” said Mickey Beyer-Clausen, CEO of Timeshifter. “Air travel has optimised nearly every part of flying except for what crossing multiple time zones can do to the traveller – a gap our partnership with oneworld will help to close.” 

What is jet lag?

Jet lag is not a sleep problem but a temporary misalignment between a person’s internal circadian clock and local time at their destination. The circadian clock keeps sleep, alertness, digestion, immune function, and dozens of other systems, synchronized to a 24-hour day, and takes its cues from light and darkness.

When travellers cross several time zones, the light-dark cycle shifts by hours, while the circadian clock moves only about an hour a day on its own. The only way to adjust to new time zones quickly is by timing light exposure and light avoidance precisely. If the timing is wrong, it will make jet lag worse.

“This is just the latest example of the creative ways we are engaging with premium partners who bring true value and an elevated experience to oneworld customers,” said Ole Orvér, CEO of oneworld.

About Timeshifter

Timeshifter is the global leader in circadian technology, translating circadian science into breakthrough products and solutions that improve human performance, safety, and health. In 2018, Timeshifter made jet lag history with its first product – now the most-downloaded jet lag app in the world. Building on this success, Timeshifter introduced a groundbreaking app to help shift workers improve their sleep, safety, health, and quality of life. Timeshifter’s concierge services support astronauts, NBA players, Formula 1 drivers and Olympic athletes perform at their best.

Round the World with oneworld:

oneworld offers the most comprehensive alliance Round the World product across its network of nearly 1,000 destinations. On average, customers book seven stops, with trips lasting for around three months. More information about oneworld’s Round the World fares, including destination inspiration and how to book is available at oneworld.com. 

About oneworld

oneworld brings together 15 world-class airlines – Alaska Airlines/Hawaiian Airlines, American Airlines, British Airways, Cathay Pacific, Fiji Airways, Finnair, Iberia, Japan Airlines, Malaysia Airlines, Oman Air, Qantas, Qatar Airways, Royal Air Maroc, Royal Jordanian and SriLankan Airlines to nearly 1,000 destinations. oneworld member airlines work together to consistently deliver a superior, consistent travel experience, with special rewards and privileges for its frequent flyers, including earning and redeeming miles and points across the entire alliance network, access to airport lounges, priority check in, boarding, extra baggage allowances and more. Learn more about the oneworld Alliance at oneworld.com.

Follow us on FacebookInstagram, X and LinkedIn.

Contact:
press@oneworld.com 

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SOURCE oneworld Management Company, Inc

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