October 2008

Trends and Resources

HP Impact: HPImpact: Robust commodities boost enterprise asset management outlook

A strong manufacturing sector with high demand for commodities and energy has permitted many companies to increase budgets for maintenance and capital expenditures. However, some remain cautious as e..

Weirauch, Wendy, Hydrocarbon Processing Staff

A strong manufacturing sector with high demand for commodities and energy has permitted many companies to increase budgets for maintenance and capital expenditures. However, some remain cautious as economic uncertainty, driven by a possible US recession, threatens growth prospects. While the state of the global economy still appears uncertain for many reasons, spending for asset management software and services has remained healthy in most regions. The worldwide market for enterprise asset management (EAM) is expected to grow at a compounded annual growth rate of 6.5% over the next five years. The market was $1,343.5 million in 2007 and is forecast to be over $1,800 million in 2012, acc

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