Global Asset Performance Management Market Forecast

Global Asset Performance Management Market Forecast

Next Generation Real Time Technologies Driving Transformational Growth in Industrial Environments

An increasingly competitive and regulated industrial environment is forcing all industry verticals to partner with strategic asset performance management (APM) providers to effectively manage costs and risks in today´s volatile business climates. The APM market, with $1,584.9 million in 2022, is one of the fastest-growing automation product lines. With a positive compound annual growth rate of 10.6% between 2022 and 2026, the market is expected to reach $2,371.0 million by 2026.

The current APM market landscape comprises traditional industrial automation vendors that coexist with hyperscalers, IT companies, and emerging disruptive tech start-ups. To stay competitive, gain market share, expand product portfolio, and spread asset management applications in new industry verticals, APM global leaders leverage their growth and innovation strategies through multiple partnerships, mergers and acquisitions, and intensive R&D efforts that lead to innovative product upgrades.

The study analyzes the trends spurring transformational changes in the global APM market. It highlights the factors driving and restraining growth and identifies opportunities for industry stakeholders to leverage. The study also includes a competitive environment analysis and leading competitors’ market share. The base year is 2022, and the forecast period is 2023 to 2026.

KEY FEATURES

The study segments the APM market size in the following manner:

By Product: Services and Software
By Region: North America and Latin America, Europe, the Middle East and Africa, and the Asia-Pacific.
By Industry Vertical: Oil and Gas, Power and Utilities, Chemicals, Metals and Mining, Food and Beverages, Pharma and Biotech, Water and Wastewater Treatments, Paper and Pulp, and Others, which includes automotive, cement, textiles, glass, printing, and publishing industries.