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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.

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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

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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Moonlock by MacPaw Wins Red Dot Award 2026

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Moonlock earns recognition in the Interface & User Experience Design category, proving that thoughtful design belongs in cybersecurity as much as anywhere else.

BOSTON, Sept. 7, 2026 /PRNewswire/ — MacPaw is proud to announce that Moonlock, its antivirus and protection app for Mac users, has been named a winner of the 2026 Red Dot Award: Brands & Communication Design, recognized in the Interface & User Experience Design category. The award is an international mark of design excellence, judged on the strength of an idea, its execution, and its real-world impact.

Since launching in October 2025, Moonlock has taken a different approach to cybersecurity, reflected in every detail of the app. Its intuitive interface, plain-spoken copy, and hand-drawn illustrations replace the cold, technical tone common to security software. The result is a security app making protection feel easy and stress-free for everyone, expert or not.

Clear, human, beautiful products are a core MacPaw value, and the company pays attention to every detail, from aesthetics to user experience. Moonlock is no exception: it was built to make cybersecurity accessible to everyone, whatever their background — and design is central to that mission.

“Cybersecurity has a reputation for being intimidating — all alerts and jargon, with the sense that you need to be an expert just to stay safe. We built Moonlock to change that,” said Oleg Stukalenko, Head of Product Management at Moonlock by MacPaw. “From the start, we wanted it to feel human and welcoming, so that online protection becomes a natural part of everyday life rather than something people worry about. We think of design as everything someone actually experiences with us, not just the screen in front of them. Having the Red Dot jury recognize that work means a lot to the whole team.”

The Red Dot Award: Brands & Communication Design celebrates the craft behind how a product looks, feels, and speaks to the people who use it. Held since 1993, the competition is open to established and emerging designers, agencies, and companies across 18 categories. Each year, an international jury of 30 experts from design, science, media, and consultancy evaluates the entries, bringing a wide range of professional and cultural perspectives to every decision.

With this win, Moonlock continues MacPaw’s legacy of design excellence. It is the company’s fourth Red Dot Award: in 2017, Gemini 2 became the first macOS application to win the honor, followed by CleanMyMac in 2021 and CleanMy®Phone in 2024.

About Moonlock

Moonlock is a part of the MacPaw ecosystem that offers simple, approachable, and stress-free Mac protection and antivirus capabilities.

About MacPaw

MacPaw is a global technology company founded in Kyiv, Ukraine, with offices in Boston, MA and the EU, creating a digital ecosystem for Mac users. Combining capabilities such as system care, cybersecurity, app discovery, and more, the ecosystem aims to unite MacPaw’s suite of software, third-party tools, and AI solutions to collaborate on behalf of the user. Through Eney, an AI-powered assistant and the interface of the ecosystem, MacPaw aims to help users and developers within their workflows, driving the next generation of human-computer interaction.

Contacts

pr_team@macpaw.com 

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SOURCE MacPaw

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DBGallery Delivers “AI Knowledge Layer for Visual Assets,” Bringing Automated Enterprise DAM to Organizations of All Sizes

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Automated AI metadata converts photos and videos into structured organizational knowledge, transforming digital chaos into a strategic advantage without the manual effort.

TORONTO, Sept. 7, 2026 /PRNewswire-PRWeb/ — DBGallery today announced the expansion of its visual intelligence capabilities, formally positioning its platform as an AI Knowledge Layer for Visual Assets for organizations and teams of all sizes. By replacing manual keywording with automated AI metadata analysis, DBGallery converts raw photos, graphics, and video into rich, structured organizational knowledge the moment they are uploaded.

For years, visual assets lost value because nobody had the bandwidth to tag them. With an automated metadata layer, that changes completely. Visual media becomes instantly discoverable, creating compounding, multi-year value, and puts DAM within reach of more organizations.

Historically, Digital Asset Management (DAM) was reserved for large media organizations with dedicated archiving staff. Resource-constrained teams across tourism boards, municipalities, higher education, non-profits, and marketing teams across numerous industries were locked out by the sheer labor required to manually tag thousands of files—turning vast digital asset libraries into unsearchable “file graveyards.”

DBGallery’s AI Knowledge Layer changes that economic equation by shifting DAM from a labor-intensive requirement into an automated, accessible workflow hub.

“For years, visual assets lost value over time because nobody had the bandwidth to tag them properly,” said Glenn Rogers, Director of Product and Project Management at DBGallery. “When you introduce an automated metadata knowledge layer, that changes completely. Visual media becomes instantly discoverable through structured context, custom prompt targeting, embedded OCR text, and interactive video transcripts. The metadata doesn’t just solve today’s search, it creates compounding, multi-year value for the entire organization, and brings DAM within reach to more organizations.”

Key Capabilities of the DBGallery AI Knowledge Layer include:

Automated Auto-Enrichment: Extracts OCR text from images and PDFs, identifies objects and faces, and summarizes photo and video content upon upload or subsequent batch analysis.Custom AI Description Prompts: Admins and users can tailor global or image-specific prompts to extract structured domain data—ranging from architectural style identification and brand compliance to social media captions and emotional tone analysis—and can be outputted as HTML or JSON for direct ingestion into websites or ERP systems.Interactive Video Transcription & Timelines: Generates time-stamped, sentence-by-sentence spoken transcripts aligned with video playback, allowing teams to click any transcript line to jump instantly to that exact moment in the video.Non-Spoken Scene Analysis: Automatically inserts AI visual scene descriptions into pauses in speech or non-verbal video clips, ensuring complete visual context alongside spoken transcripts.

This AI framework is integrated directly into DBGallery’s production-proven platform, capable of scaling to millions of assets and thousands of users. Designed specifically for multi-user team collaboration, the platform combines Single Sign-On (SSO) and granular action-level permissions with full audit trails, custom metadata fields, usage analytics, and cloud or on-premises deployment options.

By combining cutting-edge AI automation with a secure, highly scalable foundation, DBGallery allows organizations of any size to deploy enterprise-grade digital asset management without adding administrative headcount or compromising on data governance.

To explore the AI Metadata Value Chain or learn more about DBGallery’s enterprise AI capabilities, visit https://dbgallery.com/ai.

About DBGallery

DBGallery is a leading Digital Asset Management (DAM) platform trusted by over 100+ brands across more than 25 countries, ranging from non-profits and educational institutions to global enterprise organizations. By combining scalable SaaS or on-premises architecture with powerful AI metadata automation, DBGallery empowers teams of any size to organize, discover, and turn visual media into structured, searchable business data. Learn more at https://dbgallery.com and https://dbgallery.com/ai.

Media Contact

Glenn Rogers, DBGallery, 1 8888080381, grogers@dbgallery.com, https://dbgallery.com

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Coda Launches Fresh Coda.co Website, Built for Publisher Growth

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SINGAPORE, Sept. 7, 2026 /PRNewswire/ — Coda today launched a revamped Coda.co website, creating a more comprehensive destination to explore Coda’s products, pricing, insights, and global capabilities.

The new Coda.co has been rebuilt to meet the needs of Coda’s B2B audiences, with gaming remaining at the heart of Coda’s business and expertise. The site also reflects how Coda is bringing that experience to a growing range of digital commerce businesses across entertainment, education and other verticals.

Designed to make it easier to evaluate opportunities with Coda, the site brings together practical information on market dynamics and local payment preferences alongside richer product pages, case studies and pricing.

The new Market Guides provide a country-level view of consumer behavior, payment preferences, and growth opportunities across 49 markets, while the Payment Guides go deeper on 94 individual payment methods worldwide, covering reach, adoption, and integration considerations.

Coda has also introduced a dedicated Pricing page that offers greater transparency into standard and custom pricing options, payment method coverage, and other commercial considerations. This sits alongside an expanded repository of case studies, white papers, and blog posts, providing deeper insight into why businesses choose Coda and how they use its Merchant of Record service and broader product suite to grow revenue, enter new markets, and build stronger direct-to-consumer channels with ease.

Shane Happach, CEO of Coda, said, “Publishers and brands are making decisions across more markets, payment methods and channels than ever. Our job is to bring clarity to that complexity. The new Coda.co provides a sharper view of the commercial opportunities we see and how Coda’s products and services help our partners turn that potential into meaningful growth. Gaming remains central to Coda, and the expertise we’ve built in the industry continues to shape how we help partners grow across digital commerce.”

The new Coda.co launch marks another milestone in Coda’s evolution as a global digital commerce leader, with a site designed to grow alongside its products, partnerships, and ambitions. The website will be available in Japanese, Chinese, and South Korean languages by the end of the year.

Learn more at the new www.coda.co

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 670+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

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SOURCE Coda

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