Global Plant Asset Management (PAM) Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	176 Pages	TechNavio	August, 2023	INF18180487

Best Price Guarantee
Price	from $2,500
Length	176 Pages
Publisher	TechNavio
Published Date	August, 2023
SKU	INF18180487

Global Plant Asset Management (PAM) Market 2023-2027

The plant asset management (PAM) market is forecasted to grow by USD 2,016.89 mn during 2022-2027, accelerating at a CAGR of 7.09% during the forecast period. The report on the plant asset management (PAM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by incorporation of 3D modeling in real-time asset management, increase in adoption of smart sensors, and adoption of new technologies by oil companies.

Technavio's plant asset management (PAM) market is segmented as below:

By Deployment

Cloud
On-premises

By End-user

Power industry
Pulp and paper industry
Oil and gas industry
Refining industry
Petrochemical and others

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the use of prescriptive analytics for analysis as one of the prime reasons driving the plant asset management (PAM) market growth during the next few years. Also, convergence of IT and OT and use of digital twins by companies will lead to sizable demand in the market.

The report on the plant asset management (PAM) market covers the following areas:

Plant asset management (PAM) market sizing
Plant asset management (PAM) market forecast
Plant asset management (PAM) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plant asset management (PAM) market vendors that include AB SKF, ABB Ltd., Aspen Technology Inc., AVEVA Group Plc, Emerson Electric Co., Endress Hauser Group Services AG, Hitachi Ltd., Honeywell International Inc., IFS World Operations AB, International Business Machines Corp., Novo Solutions Inc., Oracle Corp., Petrofac Ltd., Ramco Systems Ltd., Rockwell Automation Inc., S and T Deutschland GmbH, SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the plant asset management (PAM) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Deployment
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global plant asset management (PAM) market 2017 - 2021
  - Table Historic Market Size – Data Table on global plant asset management (pam) market 2017 - 2021 ($ million)
- Deployment Segment Analysis 2017 - 2021
  - Table Historic Market Size – Deployment Segment 2017 - 2021 ($ million)
- End-User Segment Analysis 2017 - 2021
  - Table Historic Market Size – End-User Segment 2017 - 2021 ($ million)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- Country Segment Analysis 2017 - 2021
  - Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Deployment
- Market segments
  - Table Chart on Deployment - Market share 2022-2027 (%)
  - Table Data Table on Deployment - Market share 2022-2027 (%)
- Comparison by Deployment
  - Table Chart on Comparison by Deployment
  - Table Data Table on Comparison by Deployment
- Cloud - Market size and forecast 2022-2027
  - Table Chart on Cloud - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Cloud - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Cloud - Year-over-year growth 2022-2027 (%)
- On-premises - Market size and forecast 2022-2027
  - Table Chart on On-premises - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
  - Table Chart on On-premises - Year-over-year growth 2022-2027 (%)
  - Table Data Table on On-premises - Year-over-year growth 2022-2027 (%)
- Market opportunity by Deployment
  - Table Market opportunity by Deployment ($ million)
  - Table Data Table on Market opportunity by Deployment ($ million)
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2022-2027 (%)
  - Table Data Table on End-user - Market share 2022-2027 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Power industry - Market size and forecast 2022-2027
  - Table Chart on Power industry - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Power industry - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Power industry - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Power industry - Year-over-year growth 2022-2027 (%)
- Pulp and paper industry - Market size and forecast 2022- 2027
  - Table Chart on Pulp and paper industry - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Pulp and paper industry - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Pulp and paper industry - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Pulp and paper industry - Year-over-year growth 2022-2027 (%)
- Oil and gas industry - Market size and forecast 2022- 2027
  - Table Chart on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Oil and gas industry - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Oil and gas industry - Year-over-year growth 2022-2027 (%)
- Refining industry - Market size and forecast 2022-2027
  - Table Chart on Refining industry - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Refining industry - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Refining industry - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Refining industry - Year-over-year growth 2022-2027 (%)
- Petrochemical and others - Market size and forecast 2022-2027
  - Table Chart on Petrochemical and others - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Petrochemical and others - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Petrochemical and others - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Petrochemical and others - Year-over-year growth 2022-2027 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
  - Table Data Table on Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on US - Market size and forecast 2022-2027 ($ million)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- Germany - Market size and forecast 2022-2027
  - Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Germany - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
- China - Market size and forecast 2022-2027
  - Table Chart on China - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on China - Market size and forecast 2022-2027 ($ million)
  - Table Chart on China - Year-over-year growth 2022-2027 (%)
  - Table Data Table on China - Year-over-year growth 2022-2027 (%)
- Japan - Market size and forecast 2022-2027
  - Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Japan - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
- Italy - Market size and forecast 2022-2027
  - Table Chart on Italy - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Italy - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Italy - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Italy - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Incorporation of 3D modeling in real-time asset management
  - Increase in adoption of smart sensors
  - Adoption of new technologies by oil companies
- Market challenges
  - Competition from substitutes
  - Increase in cyber attacks
  - Employee apprehension in adopting new technology
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Use of prescriptive analytics for analysis
  - Convergence of IT and OT
  - Use of digital twins by companies
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- AB SKF
  - Table AB SKF - Overview
  - Table AB SKF - Business segments
  - Table AB SKF - Key news
  - Table AB SKF - Key offerings
  - Table AB SKF - Segment focus
- ABB Ltd.
  - Table ABB Ltd. - Overview
  - Table ABB Ltd. - Business segments
  - Table ABB Ltd. - Key offerings
  - Table ABB Ltd. - Segment focus
- Aspen Technology Inc.
  - Table Aspen Technology Inc. - Overview
  - Table Aspen Technology Inc. - Business segments
  - Table Aspen Technology Inc. - Key offerings
  - Table Aspen Technology Inc. - Segment focus
- Emerson Electric Co.
  - Table Emerson Electric Co. - Overview
  - Table Emerson Electric Co. - Business segments
  - Table Emerson Electric Co. - Key news
  - Table Emerson Electric Co. - Key offerings
  - Table Emerson Electric Co. - Segment focus
- Endress Hauser Group Services AG
  - Table Endress Hauser Group Services AG - Overview
  - Table Endress Hauser Group Services AG - Product / Service
  - Table Endress Hauser Group Services AG - Key news
  - Table Endress Hauser Group Services AG - Key offerings
- Hitachi Ltd.
  - Table Hitachi Ltd. - Overview
  - Table Hitachi Ltd. - Business segments
  - Table Hitachi Ltd. - Key news
  - Table Hitachi Ltd. - Key offerings
  - Table Hitachi Ltd. - Segment focus
- Honeywell International Inc.
  - Table Honeywell International Inc. - Overview
  - Table Honeywell International Inc. - Business segments
  - Table Honeywell International Inc. - Key news
  - Table Honeywell International Inc. - Key offerings
  - Table Honeywell International Inc. - Segment focus
- IFS World Operations AB
  - Table IFS World Operations AB - Overview
  - Table IFS World Operations AB - Product / Service
  - Table IFS World Operations AB - Key offerings
- Oracle Corp.
  - Table Oracle Corp. - Overview
  - Table Oracle Corp. - Business segments
  - Table Oracle Corp. - Key news
  - Table Oracle Corp. - Key offerings
  - Table Oracle Corp. - Segment focus
- amco Systems Ltd.
  - Table Ramco Systems Ltd. - Overview
  - Table Ramco Systems Ltd. - Product / Service
  - Table Ramco Systems Ltd. - Key offerings
- Rockwell Automation Inc.
  - Table Rockwell Automation Inc. - Overview
  - Table Rockwell Automation Inc. - Business segments
  - Table Rockwell Automation Inc. - Key news
  - Table Rockwell Automation Inc. - Key offerings
  - Table Rockwell Automation Inc. - Segment focus
- SAP SE
  - Table SAP SE - Overview
  - Table SAP SE - Business segments
  - Table SAP SE - Key news
  - Table SAP SE - Key offerings
  - Table SAP SE - Segment focus
- Schneider Electric SE
  - Table Schneider Electric SE - Overview
  - Table Schneider Electric SE - Business segments
  - Table Schneider Electric SE - Key news
  - Table Schneider Electric SE - Key offerings
  - Table Schneider Electric SE - Segment focus
- Siemens AG
  - Table Siemens AG - Overview
  - Table Siemens AG - Business segments
  - Table Siemens AG - Key news
  - Table Siemens AG - Key offerings
  - Table Siemens AG - Segment focus
- Yokogawa Electric Corp.
  - Table Yokogawa Electric Corp. - Overview
  - Table Yokogawa Electric Corp. - Product / Service
  - Table Yokogawa Electric Corp. - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations