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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):

https://www.skyquestt.com/report/enterprise-asset-management-market

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

Asset Management Market

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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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

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SOURCE BlueFolder

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