Global Industrial Asset Management Software Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Industrial Asset Management Software Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Industrial Asset Management Software market size was valued at USD 1409.7 million in 2023 and is forecast to a readjusted size of USD 2347.9 million by 2030 with a CAGR of 7.6% during review period.

Industrial Asset Management Software (IAM software) is a type of software solution designed to help organizations effectively manage and maintain their physical assets, such as equipment, machinery, facilities, and infrastructure, in industries like manufacturing, energy, utilities, and transportation. IAM software provides a centralized system for tracking, analyzing, and optimizing asset performance and maintenance activities.

Industrial Asset Management Software enables an industrial organization to Improve overall asset reliability, increase availability and proactively manage maintenance while lowering inventory costs and streamlining the supply chain.

The global Industrial Asset Management Software market has been experiencing significant growth in recent years. With the increasing need to optimize asset performance, reduce downtime, and improve operational efficiency, industrial organizations across various sectors are adopting IAM software solutions.

Here are some key factors driving the growth of the global Industrial Asset Management Software market:

Advancements in IoT and AI technologies: The integration of Industrial Internet of Things (IIoT) sensors and devices with IAM software enables real-time asset monitoring, predictive maintenance, and data-driven decision-making. AI and machine learning capabilities further enhance asset management by enabling predictive analytics, anomaly detection, and optimization algorithms.

Increasing focus on asset performance and maintenance: Industries such as manufacturing, energy, utilities, and transportation are increasingly recognizing the importance of effective asset management to improve reliability, reduce costs, and enhance safety. IAM software provides a holistic view of asset performance, facilitates preventive and predictive maintenance, and helps organizations achieve asset optimization and operational excellence.

Growing demand for actionable insights: IAM software provides advanced analytics and reporting capabilities, enabling organizations to derive actionable insights from asset data. This data-driven approach helps organizations identify patterns, trends, and areas for improvement, leading to better decision-making and optimized asset management strategies.

Regulatory compliance requirements: Various industries are subject to regulatory compliance standards, which require organizations to maintain detailed records of their assets, maintenance activities, and safety compliance. IAM software provides the necessary tools and features to ensure regulatory compliance and monitor asset integrity.

Increasing adoption of cloud-based solutions: The deployment of cloud-based IAM software solutions is on the rise. Cloud-based solutions offer benefits such as scalability, accessibility, and data security. They also eliminate the need for costly infrastructure investments and provide flexibility for remote access and collaboration.

Focus on sustainability and energy efficiency: Industries are increasingly prioritizing sustainability and reducing their environmental footprint. IAM software helps organizations monitor and optimize energy consumption, track environmental impact, and implement sustainability initiatives by efficiently managing assets and identifying energy-saving opportunities.

Key players in the global Industrial Asset Management Software market include IBM, SAP SE, Oracle Corporation, Siemens Digital Industries Software, Infor, and Schneider Electric, among others. These companies offer a wide range of IAM software solutions with varying levels of functionality and industry specialization.

The Global Info Research report includes an overview of the development of the Industrial Asset Management Software industry chain, the market status of Manufacturing (On-Premise Deployment, Cloud-Based Deployment), Chemicals (On-Premise Deployment, Cloud-Based Deployment), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Industrial Asset Management Software.

Regionally, the report analyzes the Industrial Asset Management Software markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Industrial Asset Management Software market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Industrial Asset Management Software market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Industrial Asset Management Software industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., On-Premise Deployment, Cloud-Based Deployment).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Industrial Asset Management Software market.

Regional Analysis: The report involves examining the Industrial Asset Management Software market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Industrial Asset Management Software market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Industrial Asset Management Software:

Company Analysis: Report covers individual Industrial Asset Management Software players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Industrial Asset Management Software This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Manufacturing, Chemicals).

Technology Analysis: Report covers specific technologies relevant to Industrial Asset Management Software. It assesses the current state, advancements, and potential future developments in Industrial Asset Management Software areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Industrial Asset Management Software market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Industrial Asset Management Software market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
On-Premise Deployment
Cloud-Based Deployment

Market segment by Application
Manufacturing
Chemicals
Mining
Oil and Gas
Others.

Market segment by players, this report covers
ABB
Aveva Group plc
FCS Engineering
CPD Ltd
Infor
Microsoft Corporation
SAP SE
Oracle Corporation
Rockwell Automation
IBM
Siemens Digital Industries Software
Schneider Electric
Bentley Systems
Honeywell International Inc.
Emerson Electric Co.
GE Digital
IFS
eMaint

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Industrial Asset Management Software product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Industrial Asset Management Software, with revenue, gross margin and global market share of Industrial Asset Management Software from 2019 to 2024.

Chapter 3, the Industrial Asset Management Software competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Industrial Asset Management Software market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Industrial Asset Management Software.

Chapter 13, to describe Industrial Asset Management Software research findings and conclusion.