Asset Performance Management Market

Report Code TC 7630
Published in Sep, 2024, By MarketsandMarkets™
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Asset Performance Management Market by Solutions (Asset Reliability Management, Asset Strategy Management, Predictive Asset Management, Asset Lifecycle Management), Asset Type (Fixed, Mobile, Production, Infrastructure, Network) - Global Forecast to 2029

Overview

The Asset Performance Management (APM) market is expected to grow from USD 1.91 billion in 2024 to USD 3.19 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period. The APM market has matured from basic condition monitoring systems to the adoption of advanced predictive maintenance approaches. Integrating AI with IoT devices also redefines APM solutions by enabling intelligent monitoring and asset controls. As the technological landscape evolves, APM systems will become more advanced, providing detailed insights and smarter decision-making capabilities.

Attractive Opportunities in the Asset Performance Management Market

Asia Pacific

The rising number of startups with limited IT budgets in the Asia Pacific, surge in cloud innovations, and the low-cost benefits of cloud-based digital solutions would also boost the demand for asset performance management solutions in the region

Rise of AI and other innovative technologies is driving the need for robust infrastructure boosting need for asset performance management solutions.

The shift towards cloud-based APM solution has significantly increased the need for robust asset performance management solution.

Governments in Asia Pacific are increasing cloud adoption through various initiatives, including smart cities, which is a prime catalyst for the adoption of public cloud services. This creates growth opportunities for asset performance management vendors

Rapid digitalization in emerging markets such as MEA and Latin America to offer significant opportunities.

Global Asset Performance Management Market Dynamics

Driver: Need for APM solutions for predictive maintenance

The growing need for predictive maintenance stimulates the expansion of the APM market as industries strive to improve operational efficiency and minimize disruptions. Predictive maintenance uses advanced analytics, Artificial Intelligence (AI), and Internet of Things (IoT) sensors to predict equipment failures so that organizations can perform maintenance only when necessary. This proactive approach minimizes unplanned downtime, extends asset lifespans, and lowers repair costs, aligning with the broader digital transformation trend in sectors with heavy assets. Thus, APM solutions integrated with predictive maintenance capabilities have become essential for competitiveness in the fast-evolving manufacturing, energy, and transportation industries.

Restraint: High cost of implementation

The high cost of implementing APM solutions and the risk of acquiring a single vendor create huge hindrances to the market's growth. APM systems often entail high operation costs regarding software licensing, integration, training, and maintenance. Such high initial investments discourage the adoption of advanced APM technologies by small or medium-sized enterprises. At the same time, larger institutions incur different costs, such as integration, customization, scalability, and training, because of the nature of their operations. Additionally, cost challenges emerge when migrating to another system or adopting new technologies due to vendor lock-in, lack of flexibility, and restrictions on innovation. This prevents such systems or solutions from being adopted in totality, affecting the APM market's growth.

 

Opportunity: Mobile APM solution maximizing asset management efficiency

Mobile APM solutions directly offer real-time monitoring, predictive maintenance, and data-driven decision-making functionality on mobile devices. This improves the asset management and maintenance process. These mobile platforms provide instant access to asset health data, diagnostics, and operational analytics. Empowering field operators with real-time alerts enhances decision-making and manual labor and ensures critical assets work efficiently in remote locations. Thus, integrating APM solutions with mobile applications will enable field operators and managers to quickly respond to asset performance issues, enhancing overall production efficiency.

Challenge: Complexity of operating APM solutions

APM solutions are highly complex, which is a big hindrance to the growth of APM markets. These solutions have integrations for advanced technologies, such as high-end predictive analytics, IoT sensors, AI, and ML, all aimed at improving the performance of the assets and reducing downtime. However, incorporating the advanced APM solution may involve considerable expenses in setting up physical structures, training relevant people, and implementing advanced information systems. This results in interoperability issues with the existing systems and the advanced APM solutions, mainly with the legacy infrastructure. Hence, system complexity results in a situation that discourages smaller organizations and, in most cases, affects the industry with slow adoption.

Global Asset Performance Management Market Ecosystem Analysis

This section highlights the asset performance management ecosystem. The ecosystem of the APM market includes asset performance management software providers as well as associated hardware vendors and service providers. SIs design, build, synthesize, and implement applications that are customized as per customer/user requirements. SI players test and authenticate asset performance management solutions to determine suitability before integration. They own integration capabilities for software, hardware, services, or other related devices to develop a comprehensive asset performance management system. SI vendors have a strong client base and supply asset performance management olutions through direct channels and partner networks.

 

By solution, asset strategy management segment to hold largest market share during forecast period

The asset strategy management segment is projected to hold the largest APM market share during the forecast period due to its capabilities, such as real-time monitoring, reliability-centered maintenance, work order management, and asset management strategy. This solution helps align asset management strategies with business objectives, enabling organizations to make informed decisions regarding asset investment, maintenance, and risk management. Asset strategy management uses predictive analytics and real-time data to spot improvement opportunities, minimize downtimes, and maximize the use of the assets for their intended purpose. The increasing focus on sustainability and the need for regulatory compliance encourages organizations to implement strategic asset management processes. This process enhances financial gains and focuses on achieving environmental standards. As more and more industries appreciate the significance of utilizing asset management strategies for operational excellence, the demand for these solutions is expected to grow significantly, establishing their current dominance in the APM market.

By offering, services segment to grow at highest CAGR during forecast period

The APM market is expected to exhibit the highest CAGR for the services segment during the forecast period. The adoption of services (professional and managed services) in the APM market is mainly driven by the increasing complexity of various asset types, cloud adoption, skill gap, and outsourcing trends. APM professional services are utilized for short-term expertise during the implementation phase of the APM solutions, while managed services offer comprehensive support across the multiple stages of APM systems and ensure continuous monitoring and optimization. Thus, APM-managed services are expected to grow at a higher rate than APM professional services.As organizations seek to optimize their returns on assets and reduce wastage of downtime, they seek to perforate through many sophisticated APM systems using external resources. Such trends underline the importance of services in the context of APM adoption and the ability of organizations to benefit from such modern asset management practices.

North America region holds the largest share of the Asset Performance Management Market.

North America holds the largest share of the global APM market during the forecast period due to advanced technology adoption and the early adoption of Industry 4.0 practices compared to the other regions. The region's strong economic position is driving investments in research and development. This results in rapidly adopting advanced technologies such as AI and ML. Further, the manufacturing sector in the region is embracing industrial IoT to enhance asset performance and maintenance. This is driving the growth of the APM market by supporting the concerns for sustainability and total ownership cost management. Further, leading providers of APM solutions, such as Emerson, GE Vernova, and IBM, are making capital investments in new software and analytics tools, suggesting that this region leads in terms of using these solutions for operational efficiency and maintenance activities.

 
 

Recent Developments of Asset Performance Management Market

  • In September 2024, Bentley Systems acquired Cesium to enhance its iTwin Platform with advanced 3D geospatial capabilities. Cesium’s 3D Tiles standard and Cesium ion SaaS integrate with Bentley’s digital twin solutions, improving infrastructure asset management and visualization. This integration supports more precise asset management, demonstrated by Komatsu’s improved construction site monitoring.
  • In September 2024, Bentley Systems acquired 3D geospatial company Cesium to enhance its iTwin Platform with 3D geospatial capabilities to improve its APM offering.

Key Market Players

KEY PLAYERS IN THE Asset Performance Management Market INCLUDE

  • ABB (Switzerland)
  • GE Vernova (US)
  • AVEVA (UK)
  • IBM (US)
  • SAP (Germany)
  • Bentley Systems (US)
  • Rockwell Automation (US)
  • Emerson (US)
  • DNV (US)
  • Fluke (US)
  • Siemens Energy (Germany)
  • Oracle (US)
  • Yokogawa (Japan)
  • SAS (US)
  • Arms Reliability (Australia)
  • Synopsys (US)
  • Honeywell (US)
  • Prometheus Group (US)
  • Hexagon (Sweden)
  • Nexus Global (US)
  • Detechtion Technologies (US)
  • IPS Intelligent Process Solutions (Germany)
  • Plasma (US)
  • Tenna (US)
  • Uptake (US)
  • UpKeep (US)
  • Shoreline AI (US)
  • MentorAPM (US)
  • Fracttal (Spain)
  • MicroAI (US)
  • VROC (Australia)
  • Operational Sustainability (US)
  • Qualer (US)
  • MaintainX (US)

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Scope of the Report

Report Attribute Details

 

Key Questions Addressed by the Report

What is Asset Performance Management (APM)?
APM is a systematic approach that maximizes physical assets' performance, dependability, and lifecycle. It uses predictive analysis, real-time data fusion, and management to forecast failures, improve maintenance, and increase efficiency. These practices reduce downtime, cut costs, and optimize asset use, benefiting production, energy, and utilities sectors heavily reliant on assets.
Which are the key technologies in the APM market?
AI and ML are the primary technologies driving opportunities for APM solutions.
Which are the key vendors exploring APM solutions?
ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US), SAP (Germany), Bentley Systems (US), Rockwell Automation (US), Emerson (US), DNV (US), and Fluke (US).
What is the total CAGR recorded for the APM market from 2024 to 2029?
The APM market will record a CAGR of 10.8% during the forecast period.
What is the projected market value of the APM market?
The APM market is expected to grow from USD 1.91 billion in 2024 to USD 3.19 billion by 2029, with a CAGR of 10.8%.
What are the significant trends in the APM market?
Significant trends include predictive analytics and ML for equipment maintenance, increased IoT adoption for real-time data collection, green technologies for device management, expanded cloud solutions for accessibility, and the integration of advanced APM into business structures for efficient asset management.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
32
RESEARCH METHODOLOGY
38
EXECUTIVE SUMMARY
50
PREMIUM INSIGHTS
54
MARKET OVERVIEW AND INDUSTRY TRENDS
58
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Surging demand for predictive maintenance
    - Integration of IoT and AI in evolving APM solutions
    - Rising adoption of cloud-based APM solutions
    - Increasing need for APM solutions to manage asset complexity
    - Adoption of industrial automation to enhance efficiency
    RESTRAINTS
    - High implementation costs of APM solutions
    - Stringent data security and privacy regulations
    OPPORTUNITIES
    - Rising adoption of mobile APM solutions
    - Increasing benefits of advanced analytics
    - Integration of digital twins into APM systems
    - Surging need for collaborative ecosystems to enhance APM solutions
    CHALLENGES
    - Complexity of operating APM solutions
    - Shortage of skilled professionals and limited awareness of APM solutions
  • 5.3 CASE STUDY ANALYSIS
    AVEVA PREDICTIVE ANALYTICS HELPED TATA POWER ENHANCE EQUIPMENT RELIABILITY AND PERFORMANCE
    OMAN GAS COMPANY OPTIMIZED ASSET PERFORMANCE BY IMPLEMENTING BENTLEY’S ASSETWISE ASSET RELIABILITY
    IBM’S MAXIMO APPLICATION SUITE REVOLUTIONIZED DOWNER’S RAIL ASSET MANAGEMENT
    GE DIGITAL'S ASSET PERFORMANCE MANAGEMENT (APM) HEALTH AND RELIABILITY SOFTWARE HELPED ABOITIZ POWER CORPORATION RESOLVE CHALLENGES IN ENERGY TRANSITION
    EMERSON’S PLANTWEB HELPED SECCO LAUNCH MAJOR PETROCHEMICAL COMPLEX AHEAD OF SCHEDULE
    ROCKWELL AUTOMATION HELPED ATLL IMPROVE OPERATIONAL EFFICIENCY AND WATER TREATMENT RELIABILITY SIGNIFICANTLY
  • 5.4 SUPPLY CHAIN ANALYSIS
  • 5.5 ECOSYSTEM
  • 5.6 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Internet of Things (IoT)
    - Predictive analytics
    COMPLEMENTARY TECHNOLOGIES
    - Cloud computing
    - Big data analytics
    - Blockchain
    ADJACENT TECHNOLOGIES
    - AI/ML
    - AR/VR
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY OFFERING
  • 5.8 PATENT ANALYSIS
  • 5.9 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF BUYERS
    BARGAINING POWER OF SUPPLIERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.10 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATIONS, BY REGION
  • 5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 BUSINESS MODEL ANALYSIS
    SUBSCRIPTION-BASED MODEL
    PERPETUAL LICENSE-BASED MODEL
    PAY-PER-USE MODEL
    OUTCOME-BASED PRICING MODEL
    FREEMIUM MODEL
    CONSULTING AND SERVICE-BASED MODEL
  • 5.14 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.15 INVESTMENT AND FUNDING SCENARIO
  • 5.16 IMPACT OF AI/GEN AI ON ASSET PERFORMANCE MANAGEMENT MARKET
    INDUSTRY TRENDS: USE CASES
    - SCG Chemicals achieved near-perfect performance with AVEVA's AI-integrated APM solutions
    - Shutterstock boosted efficiency and security with New Relic’s AI-driven observability tools
    - Shoreline AI’s industrial APM solution helped manufacturing company reduce operational risks and costs
    TOP CLIENTS ADAPTING AI/GEN AI
    - IBM
    - SAS
    - Shoreline AI
    ADOPTION TREND OF TRADITIONAL VS. AI/GEN-AI-BASED ASSET PERFORMANCE MANAGEMENT SOLUTIONS
ASSET PERFORMANCE MANAGEMENT MARKET, BY OFFERING
95
  • 6.1 INTRODUCTION
    OFFERINGS: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
  • 6.2 SOLUTIONS
    NEED FOR MANAGING ASSETS TO IMPROVE PRODUCTION WORKFLOW TO DRIVE MARKET
    ASSET STRATEGY MANAGEMENT
    - Growing focus on gaining high return on assets to increase demand for asset strategy management solutions
    - Risk-Based Maintenance (RBM)
    - Reliability-Centered Maintenance (RCM)
    - Failure Modes and Effects Analysis (FMEA)
    - Preventive Maintenance Optimization (PMO)
    ASSET RELIABILITY MANAGEMENT
    - Need to increase production, provide worker safety, and achieve on-time customer deliveries to boost market growth
    - Root Cause Analysis (RCA)
    - Asset Health Indexing
    - Reliability, Availability, and Maintainability (RAM) Analysis
    - Maintenance Task Optimization
    PREDICTIVE ASSET MANAGEMENT
    - Need to maintain critical assets efficiently to fuel demand for predictive asset management solutions
    - Predictive maintenance
    - Machine Learning (ML) and AI-based predictions
    - Data-driven maintenance planning
    - Failure prediction and risk assessment
    ASSET LIFECYCLE MANAGEMENT
    - Need to maximize asset value and improve operational efficiency to accelerate market growth
    - Asset planning and acquisition
    - Asset commissioning and deployment
    - Asset maintenance and operation
    - Asset decommissioning and disposal
    WORK ORDER MANAGEMENT
    - Need for efficient task coordination, enhanced tracking, and reporting to foster market growth
    - Work order creation and scheduling
    - Resource allocation and planning
    - Work order execution and tracking
    - Reporting and documentation
    OTHER SOLUTIONS
  • 6.3 SERVICES
    PROFESSIONAL SERVICES
    - Complexity of operations and increasing deployment of advanced technological solutions to boost demand for APM solutions
    - Implementation & integration
    - Consulting
    - Support & maintenance
    MANAGED SERVICES
    - Need for real-time performance monitoring, predictive analytics, maintenance scheduling, and incident response to bolster market growth
ASSET PERFORMANCE MANAGEMENT MARKET, BY ASSET TYPE
122
  • 7.1 INTRODUCTION
    ASSET TYPES: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
  • 7.2 FIXED ASSETS
    NEED TO ENSURE OPTIMAL PERFORMANCE, REDUCE DOWNTIME, AND EXTEND ASSET LIFE THROUGH PROACTIVE MAINTENANCE AND MONITORING TO PROPEL MARKET
  • 7.3 MOBILE ASSETS
    NEED TO ENSURE OPTIMAL PERFORMANCE, PREVENT BREAKDOWNS, AND MINIMIZE OPERATIONAL DISRUPTIONS TO FUEL MARKET GROWTH
  • 7.4 PRODUCTION ASSETS
    NEED TO ENHANCE OPERATIONAL EFFICIENCY AND MINIMIZE DOWNTIME TO BOOST DEMAND FOR PRODUCTION ASSETS
  • 7.5 INFRASTRUCTURE ASSETS
    NEED TO MANAGE INFRASTRUCTURE ASSETS EFFECTIVELY AND ENSURE SAFETY, RELIABILITY, AND OPTIMAL PERFORMANCE TO BOOST MARKET GROWTH
  • 7.6 OTHER ASSET TYPES
ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE
130
  • 8.1 INTRODUCTION
    DEPLOYMENT TYPES: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
  • 8.2 ON-PREMISES
    COMPANIES WITH LARGE BUDGETS AND TEAMS TO DRIVE ADOPTION OF ON-PREMISES DEPLOYMENT TYPE
  • 8.3 CLOUD
    COST-EFFECTIVENESS AND SCALABILITY TO BOOST DEMAND FOR CLOUD ASSET PERFORMANCE MANAGEMENT SOLUTIONS
ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE
135
  • 9.1 INTRODUCTION
    ORGANIZATION SIZES: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
  • 9.2 LARGE ENTERPRISES
    NEED TO ENSURE OPERATIONAL EFFICIENCY, MINIMIZE DOWNTIME, AND OPTIMIZE RESOURCE UTILIZATION TO BOLSTER MARKET GROWTH
  • 9.3 SMALL ENTERPRISES
    ASSET PERFORMANCE MANAGEMENT SOLUTIONS TO OFFER PREDICTIVE MAINTENANCE, REAL-TIME MONITORING, AND RESOURCE OPTIMIZATION FEATURES
  • 9.4 MEDIUM ENTERPRISES
    NEED TO MAKE INFORMED DECISIONS, IMPROVE ASSET UTILIZATION, AND ENSURE COMPLIANCE WITH INDUSTRY STANDARDS TO PROPEL MARKET
ASSET PERFORMANCE MANAGEMENT MARKET, BY VERTICAL
141
  • 10.1 INTRODUCTION
    VERTICALS: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
  • 10.2 ENERGY & UTILITIES
    ASSET PERFORMANCE MANAGEMENT SOLUTIONS TO HELP ENERGY & UTILITY ORGANIZATIONS MAXIMIZE LIFE OF EXISTING AND NEW ASSETS
    ENERGY & UTILITIES: TYPES
    - Power generation
    - Water & wastewater utilities
    - Other energy & utility types
  • 10.3 OIL & GAS
    NEED TO ENHANCE OPERATIONAL SAFETY AND REDUCE COSTS TO FUEL DEMAND FOR ASSET PERFORMANCE MANAGEMENT SOLUTIONS
    OIL & GAS: TYPES
    - Upstream (Exploration & production)
    - Midstream (Transportation & storage)
    - Downstream (Refining & distribution)
    - Other oil & gas types (Integrated & oilfield services)
  • 10.4 MANUFACTURING
    INCREASING CUSTOMER DEMAND AND CHANGING MARKET CONDITIONS TO ACCELERATE MARKET GROWTH
    MANUFACTURING: TYPES
    - Discrete manufacturing
    - Process manufacturing
    - Heavy manufacturing
    - Other manufacturing types
  • 10.5 GOVERNMENT & DEFENSE
    NEED TO ENSURE OPERATIONAL READINESS, COMPLIANCE WITH REGULATIONS, AND EFFICIENT USE OF PUBLIC FUNDS TO DRIVE MARKET
    GOVERNMENT & DEFENSE: TYPES
    - Defense infrastructure
    - Defense equipment
    - Public sector infrastructure
    - Other government & defense types
  • 10.6 CHEMICALS & PETROCHEMICALS
    NEED TO OPTIMIZE MAINTENANCE SCHEDULES AND IMPROVE PROCESS EFFICIENCY TO PROPEL MARKET
    CHEMICALS & PETROCHEMICALS: TYPES
    - Petrochemicals & refining
    - Pharmaceuticals
    - Consumer chemicals
    - Other chemical & petrochemical types
  • 10.7 TELECOMMUNICATIONS
    NEED TO ENSURE TELECOM NETWORK RELIABILITY WITH PREDICTIVE MAINTENANCE TO FOSTER MARKET GROWTH
    TELECOMMUNICATIONS: TYPES
    - Network infrastructure
    - Data centers
    - Transmission networks
    - Other telecommunication types
  • 10.8 HEALTHCARE & LIFE SCIENCES
    NEED TO ENSURE RELIABILITY, EFFICIENCY, AND REGULATORY COMPLIANCE OF CRITICAL MEDICAL EQUIPMENT AND IT SYSTEMS TO DRIVE MARKET
    HEALTHCARE& LIFE SCIENCES: TYPES
    - Medical equipment
    - Biotechnology
    - Quality control laboratories
    - Other healthcare & life science types
  • 10.9 CONSUMER GOODS, FOOD, AND BEVERAGES
    NEED FOR OPTIMIZATION OF SUPPLY CHAIN TO ACCELERATE ADOPTION OF ASSET PERFORMANCE MANAGEMENT SOLUTIONS
    CONSUMER GOODS & FOODS AND BEVERAGES: TYPES
    - Food & beverage manufacturing
    - Supply chain & logistics
    - Retail operations
    - Other consumer goods, food, and beverage types
  • 10.10 OTHER VERTICALS
ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION
167
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    US
    - Presence of major vendors and high adoption rates driven by government agency to foster market growth
    CANADA
    - Investments from tech companies to boost cloud environment to fuel market growth
  • 11.3 EUROPE
    EUROPE: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
    EUROPE: MACROECONOMIC OUTLOOK
    UK
    - Increasing demand for APM solutions to enhance organizational performance to fuel market
    GERMANY
    - Need to streamline maintenance operations, optimize asset performance, ensure regulatory adherence, and enhance operational efficiency to drive market
    FRANCE
    - Need for enhanced operational efficiency, regulatory compliance, sustainability across key sectors, and availability of highly skilled professionals to propel market
    ITALY
    - Need for enhanced asset reliability, operational efficiency, and regulatory compliance to accelarate market growth
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    CHINA
    - Strong manufacturing base, exportation of manufactured goods globally, and government's initiatives for R&D and investments to boost market growth
    INDIA
    - Government initiatives booting digital transformation and push for sustainability and compliance to bolster market growth
    JAPAN
    - Shift toward focus on lowering TCO to fuel market growth
    REST OF ASIA PACIFIC
  • 11.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
    MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
    GULF COOPERATION COUNCIL (GCC) COUNTRIES
    - UAE
    - Saudi Arabia
    - Rest of GCC countries
    SOUTH AFRICA
    - Need to improve asset reliability, enhance operational efficiency, and minimize downtime to propel market
    REST OF MIDDLE EAST & AFRICA
  • 11.6 LATIN AMERICA
    LATIN AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET DRIVERS
    LATIN AMERICA: MACROECONOMIC OUTLOOK
    BRAZIL
    - Thriving presence of oil & gas industry and National Innovation Policy to foster market growth
    MEXICO
    - Need to optimize performance of critical infrastructure and implementation of National Digital Strategy to bolster market growth
  • 11.7 REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
234
  • 12.1 OVERVIEW
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023
  • 12.3 REVENUE ANALYSIS, 2021–2023
  • 12.4 MARKET SHARE ANALYSIS, 2023
  • 12.5 BRAND/PRODUCT COMPARISON
    AVEVA: AVEVA APM 4.0
    ABB: ABB ABILITY GENIX APM
    GE VERNOVA: ASSET PERFORMANCE MANAGEMENT (APM)
    SAP: SAP ASSET PERFORMANCE MANAGEMENT
    IBM: IBM MAXIMO
  • 12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Regional footprint
    - Offering footprint
    - Deployment type footprint
    - Vertical footprint
  • 12.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 12.8 COMPANY VALUATION AND FINANCIAL METRICS, 2024
  • 12.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES AND ENHANCEMENTS
    DEALS
COMPANY PROFILES
259
  • 13.1 INTRODUCTION
  • 13.2 MAJOR PLAYERS
    AVEVA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GE VERNOVA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SAP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IBM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ROCKWELL AUTOMATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EMERSON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DNV
    - Business overview
    - Products/Solutions/Services offered
    FLUKE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    BENTLEY SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 13.3 OTHER PLAYERS
    SIEMENS ENERGY
    ORACLE
    YOKOGAWA
    SAS
    ARMS RELIABILITY
    SYNOPSYS
    HONEYWELL
    PROMETHEUS GROUP
    HEXAGON
    NEXUS GLOBAL
    DETECHTION TECHNOLOGIES
    IPS INTELLIGENT PROCESS SOLUTIONS
    PLASMA
  • 13.4 STARTUPS/SMES
    TENNA
    UPTAKE
    UPKEEP
    SHORELINE AI
    MENTOR APM
    FRACTTAL
    MICROAI
    VROC
    OPERATIONAL SUSTAINABILITY
    QUALER
    MAINTAINX
ADJACENT/RELATED MARKETS
328
  • 14.1 INTRODUCTION
  • 14.2 LIMITATIONS
  • 14.3 ASSET PERFORMANCE MANAGEMENT ECOSYSTEM AND ADJACENT MARKETS
  • 14.4 ENTERPRISE ASSET MANAGEMENT MARKET
  • 14.5 DIGITAL ASSET MANAGEMENT MARKET
APPENDIX
337
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2018–2023
  • TABLE 2 FACTOR ANALYSIS
  • TABLE 3 ASSET PERFORMANCE MANAGEMENT MARKET: ECOSYSTEM
  • TABLE 4 AVERAGE SELLING PRICE TREND, BY SOLUTION, 2024
  • TABLE 5 INDICATIVE PRICING ANALYSIS OF MARKET, BY SOLUTION, 2024
  • TABLE 6 LIST OF MAJOR PATENTS FOR MARKET
  • TABLE 7 ASSET PERFORMANCE MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • TABLE 13 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 14 MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 15 MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 16 MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 17 MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 18 MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 19 ASSET STRATEGY MANAGEMENT: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 20 ASSET STRATEGY MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 21 ASSET RELIABILITY MANAGEMENT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 22 ASSET RELIABILITY MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 23 PREDICTIVE ASSET MANAGEMENT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 24 PREDICTIVE ASSET MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 25 ASSET LIFECYCLE MANAGEMENT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 26 ASSET LIFECYCLE MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 WORK ORDER MANAGEMENT: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 28 WORK ORDER MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 29 OTHER SOLUTIONS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 30 OTHER SOLUTIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 31 ASSET PERFORMANCE MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 32 MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 33 MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 34 MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 35 PROFESSIONAL SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 36 PROFESSIONAL SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 37 IMPLEMENTATION & INTEGRATION: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 38 IMPLEMENTATION & INTEGRATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 CONSULTING: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 40 CONSULTING: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 41 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 42 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 MANAGED SERVICES: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 44 MANAGED SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION)
  • TABLE 46 MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 47 FIXED ASSETS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 48 FIXED ASSETS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 MOBILE ASSETS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 50 MOBILE ASSETS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 51 PRODUCTION ASSETS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 52 PRODUCTION ASSETS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 INFRASTRUCTURE ASSETS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 54 INFRASTRUCTURE ASSETS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 55 OTHER ASSET TYPES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 56 OTHER ASSET TYPES: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 58 MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 59 ON-PREMISES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 60 ON-PREMISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 CLOUD: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 62 CLOUD: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 63 MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 64 MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 65 LARGE ENTERPRISES: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 66 LARGE ENTERPRISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 SMALL ENTERPRISES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 68 SMALL ENTERPRISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 69 MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 70 MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 71 MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 72 MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 73 ENERGY & UTILITIES: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 74 ENERGY & UTILITIES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 75 OIL & GAS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 76 OIL & GAS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 77 MANUFACTURING: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 78 MANUFACTURING: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 79 GOVERNMENT & DEFENSE: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 80 GOVERNMENT & DEFENSE: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 81 CHEMICALS & PETROCHEMICALS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 82 CHEMICALS & PETROCHEMICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 83 TELECOMMUNICATIONS: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 84 TELECOMMUNICATIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 85 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 86 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 87 CONSUMER GOODS, FOOD, AND BEVERAGES: MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 88 CONSUMER GOODS, FOOD, AND BEVERAGES: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 89 OTHER VERTICALS: ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 90 OTHER VERTICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 91 MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 92 MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 93 NORTH AMERICA: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 94 NORTH AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 95 NORTH AMERICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 96 NORTH AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 97 NORTH AMERICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 98 NORTH AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 99 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 100 NORTH AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 101 NORTH AMERICA: MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION
  • TABLE 102 NORTH AMERICA: MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 103 NORTH AMERICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 104 NORTH AMERICA: MARKET, BY DEPLOYMENT TYPE 2024–2029 (USD MILLION)
  • TABLE 105 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 106 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 107 NORTH AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 108 NORTH AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 109 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 110 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 111 US: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 112 US: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 113 US: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 114 US: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 115 CANADA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 116 CANADA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 117 CANADA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 118 CANADA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 119 EUROPE: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 120 EUROPE: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 121 EUROPE: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 122 EUROPE: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 123 EUROPE: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 124 EUROPE: ASSET PERFORMANCE MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 125 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 126 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 127 EUROPE: MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION)
  • TABLE 128 EUROPE: MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 129 EUROPE: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 130 EUROPE: MARKET, BY DEPLOYMENT TYPE 2024–2029 (USD MILLION)
  • TABLE 131 EUROPE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 132 EUROPE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 133 EUROPE: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 134 EUROPE: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 135 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 136 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 137 UK: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 138 UK: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 139 UK: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 140 UK: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 141 GERMANY: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 142 GERMANY: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 143 GERMANY: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 144 GERMANY: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 145 FRANCE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 146 FRANCE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 147 FRANCE: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 148 FRANCE: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 149 ITALY: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 150 ITALY: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 151 ITALY: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 152 ITALY: ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 153 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 154 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 155 REST OF EUROPE: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 156 REST OF EUROPE: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 157 ASIA PACIFIC: MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 158 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 159 ASIA PACIFIC: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 160 ASIA PACIFIC: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 161 ASIA PACIFIC: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 162 ASIA PACIFIC: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 163 ASIA PACIFIC: ASSET PERFORMANCE MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 164 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 165 ASIA PACIFIC: MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION
  • TABLE 166 ASIA PACIFIC: MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 167 ASIA PACIFIC: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 168 ASIA PACIFIC: MARKET, BY DEPLOYMENT TYPE 2024–2029 (USD MILLION)
  • TABLE 169 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 170 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 171 ASIA PACIFIC: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 172 ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 173 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 174 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 175 CHINA: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 176 CHINA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 177 CHINA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 178 CHINA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 179 INDIA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 180 INDIA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 181 INDIA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 182 INDIA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 183 JAPAN: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 184 JAPAN: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 185 JAPAN: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 186 JAPAN: ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 187 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 188 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 189 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 190 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 191 MIDDLE EAST & AFRICA: ASSET PERFORMANCE MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 192 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 193 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 194 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 195 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 196 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 197 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 198 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 199 MIDDLE EAST & AFRICA: MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION
  • TABLE 200 MIDDLE EAST & AFRICA: MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 201 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 202 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 203 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 204 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 205 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 206 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 207 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 208 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 209 GCC COUNTRIES: ASSET PERFORMANCE MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 210 GCC COUNTRIES: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 211 GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 212 GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 213 GCC COUNTRIES: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 214 GCC COUNTRIES: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 215 SOUTH AFRICA: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 216 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 217 SOUTH AFRICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 218 SOUTH AFRICA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 219 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 220 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 221 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 222 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 223 LATIN AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 224 LATIN AMERICA: MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 225 LATIN AMERICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
  • TABLE 226 LATIN AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
  • TABLE 227 LATIN AMERICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
  • TABLE 228 LATIN AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
  • TABLE 229 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
  • TABLE 230 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
  • TABLE 231 LATIN AMERICA: MARKET, BY ASSET TYPE, 2019–2023 (USD MILLION
  • TABLE 232 LATIN AMERICA: MARKET, BY ASSET TYPE, 2024–2029 (USD MILLION)
  • TABLE 233 LATIN AMERICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 234 LATIN AMERICA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 235 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 236 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 237 LATIN AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 238 LATIN AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 239 LATIN AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 240 LATIN AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 241 BRAZIL: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 242 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 243 BRAZIL: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 244 BRAZIL: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 245 MEXICO: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 246 MEXICO: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 247 MEXICO: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 248 MEXICO: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 249 REST OF LATIN AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 250 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 251 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT TYPE, 2019–2023 (USD MILLION)
  • TABLE 252 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION)
  • TABLE 253 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET VENDORS
  • TABLE 254 ASSET PERFORMANCE MANAGEMENT MARKET: DEGREE OF COMPETITION
  • TABLE 255 MARKET: REGIONAL FOOTPRINT
  • TABLE 256 MARKET: OFFERING FOOTPRINT
  • TABLE 257 MARKET: DEPLOYMENT TYPE FOOTPRINT
  • TABLE 258 MARKET: VERTICAL FOOTPRINT
  • TABLE 259 MARKET: KEY STARTUPS/SMES
  • TABLE 260 ASSET PERFORMANCE MANAGAMENT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 261 MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, OCTOBER 2022–AUGUST 2024
  • TABLE 262 ASSET PERFORMANCE MANAGEMENT MARKET: DEALS, AUGUST 2021–SEPTEMBER 2024
  • TABLE 263 AVEVA: COMPANY OVERVIEW
  • TABLE 264 AVEVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 265 AVEVA: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 266 AVEVA: DEALS
  • TABLE 267 ABB: COMPANY OVERVIEW
  • TABLE 268 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 269 ABB: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 270 ABB: DEALS
  • TABLE 271 GE VERNOVA: COMPANY OVERVIEW
  • TABLE 272 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 273 GE VERNOVA: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 274 GE VERNOVA: DEALS
  • TABLE 275 SAP: COMPANY OVERVIEW
  • TABLE 276 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 277 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 278 SAP: DEALS
  • TABLE 279 IBM: COMPANY OVERVIEW
  • TABLE 280 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 281 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 282 IBM: DEALS
  • TABLE 283 ROCKWELL AUTOMATION: COMPANY OVERVIEW
  • TABLE 284 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 285 ROCKWELL AUTOMATION: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 286 ROCKWELL AUTOMATION: DEALS
  • TABLE 287 EMERSON: COMPANY OVERVIEW
  • TABLE 288 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 289 EMERSON: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 290 EMERSON: DEALS
  • TABLE 291 DNV: COMPANY OVERVIEW
  • TABLE 292 DNV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 293 FLUKE: COMPANY OVERVIEW
  • TABLE 294 FLUKE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 295 FLUKE: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 296 FLUKE: DEALS
  • TABLE 297 BENTLEY SYSTEMS: COMPANY OVERVIEW
  • TABLE 298 BENTLEY SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 299 BENTLEY SYSTEMS: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 300 BENTLEY SYSTEMS: DEALS
  • TABLE 301 ADJACENT MARKETS AND FORECASTS
  • TABLE 302 ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
  • TABLE 303 ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
  • TABLE 304 ENTERPRISE ASSET MANAGEMENT MARKET, BY SERVICE, 2018–2022 (USD MILLION)
  • TABLE 305 ENTERPRISE ASSET MANAGEMENT MARKET, BY SERVICE, 2023–2028 (USD MILLION)
  • TABLE 306 ENTERPRISE ASSET MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
  • TABLE 307 ENTERPRISE ASSET MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 308 ENTERPRISE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
  • TABLE 309 ENTERPRISE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
  • TABLE 310 ENTERPRISE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
  • TABLE 311 ENTERPRISE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
  • TABLE 312 ENTERPRISE ASSET MANAGEMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
  • TABLE 313 ENTERPRISE ASSET MANAGEMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 314 ENTERPRISE ASSET MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 315 ENTERPRISE ASSET MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 316 DIGITAL ASSET MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION)
  • TABLE 317 DIGITAL ASSET MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 318 DIGITAL ASSET MANAGEMENT MARKET, BY BUSINESS FUNCTION, 2019–2023 (USD MILLION)
  • TABLE 319 DIGITAL ASSET MANAGEMENT MARKET, BY BUSINESS FUNCTION, 2024–2029 (USD MILLION)
  • TABLE 320 DIGITAL ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
  • TABLE 321 DIGITAL ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
  • TABLE 322 DIGITAL ASSET MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
  • TABLE 323 DIGITAL ASSET MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 324 DIGITAL ASSET MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 325 DIGITAL ASSET MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 MARKET: SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 ASSET PERFORMANCE MANAGEMENT MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKUP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 4 ASSET PERFORMANCE MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY - BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF APM VENDORS
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE - COLLECTIVE REVENUE OF VENDORS
  • FIGURE 8 DEMAND-SIDE APPROACH: APM MARKET
  • FIGURE 9 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 10 FASTEST-GROWING SEGMENTS OF ASSET PERFORMANCE MANAGEMENT (APM) MARKET
  • FIGURE 11 NEED FOR REAL-TIME DATA ANALYTICS TO OPTIMIZE ASSET PERFORMANCE TO DRIVE MARKET GROWTH
  • FIGURE 12 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 FIXED ASSETS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 14 ON-PREMISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 15 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 16 ENERGY & UTILITIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS
  • FIGURE 18 ASSET PERFORMANCE MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19 MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 20 KEY PLAYERS IN MARKET ECOSYSTEM
  • FIGURE 21 PATENT ANALYSIS, 2013–2023
  • FIGURE 22 MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 23 ASSET PERFORMANCE MANAGEMENT MARKET: TRENDS AND DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
  • FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS
  • FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 26 INVESTMENT AND FUNDING SCENARIO OF MAJOR ASSET PERFORMANCE MANAGEMENT COMPANIES, 2024
  • FIGURE 27 ADOPTION TREND OF TRADITIONAL VS. AI-/GEN-AI-BASED ASSET PERFORMANCE MANAGEMENT SOLUTIONS
  • FIGURE 28 SOLUTIONS SEGMENT TO HOLD LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 29 ASSET RELIABILITY MANAGEMENT SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 30 MANAGED SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 31 IMPLEMENTATION & INTEGRATION SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 32 MOBILE ASSETS SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 33 CLOUD DEPLOYMENT TYPE TO ACCOUNT FOR HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 34 SMALL ENTERPRISES SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 35 ENERGY & UTILITIES VERTICAL TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 36 NORTH AMERICA TO HOLD LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 39 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST THREE YEARS
  • FIGURE 40 MARKET SHARE ANALYSIS, 2023
  • FIGURE 41 BRAND/ PRODUCT COMPARISON
  • FIGURE 42 ASSET PERFORMANCE MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 43 MARKET: COMPANY FOOTPRINT
  • FIGURE 44 MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 45 COMPANY VALUATION OF KEY PLAYERS, 2024
  • FIGURE 46 FINANCIAL METRICS
  • FIGURE 47 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
  • FIGURE 48 AVEVA: COMPANY SNAPSHOT
  • FIGURE 49 ABB: COMPANY SNAPSHOT
  • FIGURE 50 GE VERNOVA: COMPANY SNAPSHOT
  • FIGURE 51 SAP: COMPANY SNAPSHOT
  • FIGURE 52 IBM: COMPANY SNAPSHOT
  • FIGURE 53 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
  • FIGURE 54 EMERSON: COMPANY SNAPSHOT
  • FIGURE 55 DNV: COMPANY SNAPSHOT
  • FIGURE 56 BENTLEY SYSTEMS: COMPANY SNAPSHOT

 

This research study used extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect information for a technical, market-oriented, and commercial study of the global asset performance management market. Additionally, a few other market-related reports and analyses published by various industry associations and consortiums, such as the National Security Agency (NSA) and SC Magazine, were considered while doing the extensive secondary research. The primary sources were mainly the industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess prospects. The market has been estimated by analyzing various driving factors, such as improving organizational compliance requirements, enhancing operational efficiency, and requiring simplified workflows to eliminate bottlenecks.<

Secondary Research

The market size of companies offering APM was arrived at based on the secondary data available through paid and unpaid sources, as well as by analyzing the product portfolios of major companies in the ecosystem and rating the companies based on their product capabilities and business strategies.

In the secondary research process, various sources were referred to to identify and collect information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, product data sheets, white papers, journals, certified publications, articles from recognized authors, government websites, directories, and databases.

Secondary research was mainly used to obtain essential information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the APM market.

The primary interviews were conducted to gain insights on market sizing, market share analysis, and market share analysis. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and the installation teams of governments/end users using APM and digital initiatives project teams, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current use of services, which would affect the overall APM market.

Asset Performance Management Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

We used top-down and bottom-up approaches to estimate and forecast the asset performance management and other dependent submarkets. We deployed a bottom-up procedure to arrive at the overall market size using the revenues and offerings of key companies in the market. With data triangulation methods and validation through primary interviews, this study determined and confirmed the exact value of the overall parent market size. We used the overall market size in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments.

We used top-down and bottom-up approaches to estimate and validate the asset performance management market and other dependent subsegments.

The research methodology used to estimate the market size included the following details:

  • We identified key players in the market through secondary research. We then determined their revenue contributions in the respective countries through primary and secondary research.
  • This procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives.
  • All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Asset performance management market: Top-down and Bottom-up approaches

Asset Performance Management Market Top Down Approach

Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes explained above. Where applicable, data triangulation and market breakup procedures were employed to complete the overall market engineering process and determine each market segment's and subsegment's exact statistics. The data was triangulated by studying several factors and trends from the asset performance management market's demand and supply sides.

Market Definition

Asset performance management (APM) is a set of practices and software that focuses on improving the reliability, efficiency, and lifespan of industries’ physical assets, including manufacturing, energy, and utility. With data analytics, machine learning, and artificial intelligence at the heart of it all, these APM solutions can improve asset health monitoring systems by predicting failures before they occur and scheduling maintenance, reducing downtime and operational costs. APM supports better choices among organizations, increasing productivity prolonging critical equipment service life, raising general productivity levels within an organization, and promoting sustainability.

Key Stakeholders

  • Asset performance management solution providers
  • Asset performance management service providers
  • Independent software vendors (ISVs)
  • Investors and venture capitalists (VCs)
  • Managed service providers
  • Support and maintenance service providers
  • System integrators (SIs)/migration service providers
  • Value-added resellers (VARs) and distributors

Report Objectives

  • To define, describe, and forecast the global Asset Performance Management (APM) market based on offering, asset type,  deployment type, organization size, vertical, and region.
  • To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • To strategically analyze the market subsegments for individual growth trends, prospects, and contributions to the total market
  • To provide detailed information related to the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze macro and micro-markets for growth trends, prospects, and their contributions to the overall market
  • To analyze industry trends, patents and innovations, and pricing data related to the APM market.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
  • To profile key players in the market and comprehensively analyze their market share/ranking and core competencies.
  • To track and analyze competitive developments, such as mergers & acquisitions, product developments, and partnerships & collaborations in the market.

Available customizations

With the given market data, MarketsandMarkets offers customizations per the company's specific needs. The following customization options are available for the report:

Product analysis

  • The product matrix provides a detailed comparison of each company's portfolio.

Geographic analysi

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company information

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

Asset Performance Management Market by Component (Solutions (Asset Strategy, Asset Reliability, and Predictive Asset Management) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2028

Report Code TC 7630
Published in Aug, 2023, By MarketsandMarkets™

Asset Performance Management Market with COVID-19 Impact, by Component (Solutions (Asset Strategy, Asset Reliability, and Predictive Asset Management) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2026

Report Code TC 7630
Published in Jul, 2021, By MarketsandMarkets™

Asset Performance Management Market with COVID-19 Impact, by Component (Solutions (Asset Strategy, Asset Reliability, and Predictive Asset Management) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2026

Report Code TC 7630
Published in Apr, 2020, By MarketsandMarkets™

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