Global Asset Performance Management Market 2024
According to the latest estimates, the global asset performance management market is set to achieve an incremental growth of USD 1.3 billion, accelerating at a CAGR of almost 9.8% during the forecast period 2024-2030. The asset performance management (APM) market is being propelled by the growing emphasis on maximizing operational efficiency and minimizing downtime in industrial sectors. As companies strive to enhance the longevity and reliability of their assets, APM solutions are increasingly being adopted to monitor, analyze, and predict asset performance. This proactive approach to maintenance not only reduces unplanned outages but also optimizes resource utilization, leading to significant cost savings.
Another key driver is the rising integration of IoT and advanced analytics in APM systems. The ability to collect and analyze vast amounts of real-time data from connected devices enables organizations to make informed decisions and implement predictive maintenance strategies. This technological advancement is transforming asset management practices, allowing companies to anticipate potential issues before they occur and maintain continuous operational excellence, which is critical in highly competitive markets.
This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the component, enterprise size, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.
The global asset performance management market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The global market for asset performance management can be segmented by component: software, services.
Asset performance management market is further segmented by enterprise size: large enterprises, small and medium enterprises (SMBs).
Based on end user, the asset performance management market is segmented into: chemicals, food and beverages, mining and metals, oil and gas, pharmaceuticals and biotechnology, power and utilities, pulp and paper, water treatment, others.
On the basis of region, the asset performance management market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.
The report also provides a detailed analysis of several leading asset performance management market vendors that include ABB Ltd., Aspen Technology, Inc. (Emerson Electric Co.), AVEVA Group plc, Baker Hughes Company, Bentley Systems, Incorporated, Cenosco B.V., DNV AS, GE Digital, LLC, Hexagon AB, Hitachi Energy Ltd., Honeywell International Inc., IFS AB, International Business Machines Corporation, SAP SE, Siemens AG, Uptake Technologies Inc., Valmet Oyj, Voith GmbH & Co. KGaA, Yokogawa Electric Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Why Choose This Report
Gain a reliable outlook of the global asset performance management market forecasts from 2024 to 2030 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
Market Segments Covered in Global Asset Performance Management Industry Analysis:
i.) Component
- Software
- Services
- Large enterprises
- Small and medium enterprises (SMBs)
- Chemicals
- Food and beverages
- Mining and metals
- Oil and gas
- Pharmaceuticals and biotechnology
- Power and utilities
- Pulp and paper
- Water treatment
- Others
- North America
- Europe
- Asia-Pacific
- MEA (Middle East and Africa)
- Latin America
- PART 1. INTRODUCTION
- 1.1 Description
- 1.2 Objectives of The Study
- 1.3 Market Segment
- 1.4 Years Considered for The Report
- 1.5 Currency
- 1.6 Key Target Audience
- PART 2. RESEARCH METHODOLOGY
- 2.1 Primary Research
- 2.2 Secondary Research
- PART 3. EXECUTIVE SUMMARY
- PART 4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Drivers
- 4.3 Restraints
- PART 5. GLOBAL ASSET PERFORMANCE MANAGEMENT MARKET BY COMPONENT
- 5.1 Software
- 5.2 Services
- PART 6. GLOBAL ASSET PERFORMANCE MANAGEMENT MARKET BY ENTERPRISE SIZE
- 6.1 Large enterprises
- 6.2 Small and medium enterprises (SMBs)
- PART 7. GLOBAL ASSET PERFORMANCE MANAGEMENT MARKET BY END USER
- 7.1 Chemicals
- 7.2 Food and beverages
- 7.3 Mining and metals
- 7.4 Oil and gas
- 7.5 Pharmaceuticals and biotechnology
- 7.6 Power and utilities
- 7.7 Pulp and paper
- 7.8 Water treatment
- 7.9 Others
- PART 8. GLOBAL ASSET PERFORMANCE MANAGEMENT MARKET BY REGION
- 8.1 North America
- 8.2 Europe
- 8.3 Asia-Pacific
- 8.4 MEA (Middle East and Africa)
- 8.5 Latin America
- PART 9. COMPANY PROFILES
- 9.1 ABB Ltd.
- 9.2 Aspen Technology, Inc. (Emerson Electric Co.)
- 9.3 AVEVA Group plc
- 9.4 Baker Hughes Company
- 9.5 Bentley Systems, Incorporated
- 9.6 Cenosco B.V.
- 9.7 DNV AS
- 9.8 GE Digital, LLC
- 9.9 Hexagon AB
- 9.10 Hitachi Energy Ltd.
- 9.11 Honeywell International Inc.
- 9.12 IFS AB
- 9.13 International Business Machines Corporation
- 9.14 SAP SE
- 9.15 Siemens AG
- 9.16 Uptake Technologies Inc.
- 9.17 Valmet Oyj
- 9.18 Voith GmbH & Co. KGaA
- 9.19 Yokogawa Electric Corporation
- DISCLAIMER
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook