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

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



The asset performance management 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. Live access to APM platform asset data allows operators, technicians, and management interaction — regardless of location. Moreover, APM systems are enhanced because myriad modern data analytics tools are integrated to understand asset health, predict possible breakdowns, and plan maintenance activities. And even on your staff plans, you must work smarter with asset inspections, recognition of operational failures, and automated on-screen feedback.

The growing trend toward designing mobile-oriented and user-friendly user interfaces, which provide better accessibility to all the relevant users, is yet another underlying element in the APM industry. These systems help organizations keep track of asset statuses, maintenance requirements, and performance indicators, thus improving management decision-making. Thanks to artificial intelligence and machine learning development, maintaining, managing, and using assets is more accessible with APM platforms that provide prescriptive maintenance ideas and instructions for individual assets. Therefore, businesses implementing modern APM systems enjoy increased asset uptime, less downtime, and operational effectiveness, resulting in more environmentally friendly and economical operations.

""As per services, the professional services hold the largest market share during the forecast period. ""

Professional services, including consulting, support, maintenance, implementation, and integration services, dominate the asset performance management (APM) market and will account for the largest share throughout the forecast period. Such services, typically offered after product range sales, are vital for firms that seek to maximize the asset's use and improve the operations' overall effectiveness. They deal with tailoring solutions, linking new technology with old systems, and providing systems to ensure data is handled correctly and all laws are followed. As different sectors find ways of incorporating more advanced technologies, such as AI, IoT, blockchain, and many others, there will also be an increasing need for professional services owing to the sophistication of the surroundings and the level of deployment. This emphasizes the segment's growth as it assists businesses in making data-driven decisions, being dynamic and responsive to changes in the APM market, and working towards sustainability, all of which will influence the APM market going forward.

""As per the asset type, the mobile assets segment will grow at the highest CAGR during the study period.

Among other sectors, mobile assets such as vehicles, construction machines, and portable tools are essential in logistics, construction, and transportation operations. The inherent characteristic of these sectors is the fast pace of operations, leading to abrasive usage, breakdowns, and inefficiencies. Hence, maintenance of these assets is vital since even a little downtime can cause operational disruption and increase costs. This segment is expected to grow in demand and be the most compounded mobile asset activity with the growth register for operational efficiencies and tracking. Organizations enhance their operational processes using focus regions and the latest information technologies to monitor performance, optimize repairs, and perform predictive maintenance. This change will allow businesses to reduce the number of reactive measures and enhance the efficiency of the lifecycle management of mobile equipment. That way, such mobile assets are kept in healthy operating conditions, and maintenance and downtime costs are minimized. Given the evolution of industries in the recent past, mobile asset management systems have been adopted, and this will certainly propel the growth of this segment in asset management as it provides helpful information for a very competitive market that is changing rapidly.

""As per deployment type, the on-premises segment holds the largest market share during the forecast period. ""

On-premises deployment of asset performance management (APM) solutions holds the largest market share due to its strong emphasis on data security, control, and customization, making it the preferred choice for industries like oil and gas, utilities, and manufacturing. These sectors deal with sensitive and controlled information and must adhere to stringent privacy policies. Such on-premises solutions allow companies to curtail risks, optimize business activities, and enhance enterprise capabilities while enjoying management of the entire environment. This conventional strategy guarantees self-sustaining operations minimizes security threats and improves customer service by making the provision of services more efficient and dependable. On top of that, on-premises APM solutions come with excellent capabilities such as capturing, analyzing, and reporting data stored in user's servers, which is crucial for companies aiming at secured, eco-friendly, and expandable solutions. Cloud-based solutions have been on the rise over the years. However, large businesses still prefer on-premises deployments due to added safety and increased efficiency of operations, pushing the APM market to remain dominant on-premises throughout the forecast period.

The breakup of the profiles of the primary participants is below:

By Company: Tier I: 34%, Tier II: 43%, and Tier III: 23%

By Designation: C-Level Executives: 50%, Director Level: 30%, and Others: 20%

By Region: North America: 30%, Europe: 30%, Asia Pacific: 25%, Rest of World: 15%

Note: Others include sales managers, marketing managers, and product managers

Note: The rest of the World consists of the Middle East & Africa, and Latin America

Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies' revenue ranges from USD 10 million to USD 100 million; and tier 3 companies' revenue is less than 10 million

Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

Some of the significant vendors offering asset performance management solutions and services across the globe include ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US), SAP (Germany), Emerson (US), Rockwell Automation (US), DNV (US), Fluke (US), Bentley Systems (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), and MaintainX (US).

Research coverage:

The study provides an in-depth analysis of the asset performance management market from 2019 based on contemporary market trends and developments and its potential growth from 2024 to 2029. It provides detailed market trends, a competitive landscape, market size, forecasts, and analysis of the vital asset performance management players. This market study analyzes asset performance management growth rate and penetration across all the major regions.

Reasons to buy this report:

The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall asset performance management market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of critical drivers (Need for asset performance management solutions for predictive maintenance, IoT and AI evolving asset performance management solutions, adoption of cloud-based APM solutions, need for APM solutions to manage asset complexity, adoption of industrial automation to enhance efficiency ), restraints (high cost of implementation of APM solution and need for asset management under stringent data security and privacy regulations), opportunities (mobile APM solution maximizing asset management efficiency, advanced analytics to revolutionize asset performance management, digital twins enhancing APM solution, collaborative ecosystem boosting the adoption of APM solutions), and challenges (complexity in operating APM solutions, Shortage of skilled professionals, limited awareness and adoption of APM solutions) influencing the growth of the APM market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the asset performance management market.

Market Development: Comprehensive information about lucrative markets – the report analyses the asset performance management market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the asset performance management market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US), SAP (Germany), Emerson (US), Rockwell Automation (US), DNV (US), Fluke (US) and Bentley Systems (US), among others in the asset performance management market.


Tables List
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 Asset Performance Management Market, By Solution, 2024
Table 6 List Of Major Patents For Asset Performance Management 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 Asset Performance Management Market: List Of Key Conferences And Events, 2024–2025
Table 15 Asset Performance Management Market, By Offering,
2019–2023 (Usd Million)
Table 16 Asset Performance Management Market, By Offering,
2024–2029 (Usd Million)
Table 17 Asset Performance Management Market, By Solution,
2019–2023 (Usd Million)
Table 18 Asset Performance Management 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: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 21 Asset Reliability Management: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 22 Asset Reliability Management: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 23 Predictive Asset Management: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 24 Predictive Asset Management: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 25 Asset Lifecycle Management: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 26 Asset Lifecycle Management: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 27 Work Order Management: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 28 Work Order Management: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 29 Other Solutions: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 30 Other Solutions: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 31 Asset Performance Management Market, By Service,
2019–2023 (Usd Million)
Table 32 Asset Performance Management Market, By Service,
2024–2029 (Usd Million)
Table 33 Asset Performance Management Market, By Professional Service, 2019–2023 (Usd Million)
Table 34 Asset Performance Management Market, By Professional Service, 2024–2029 (Usd Million)
Table 35 Professional Services: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 36 Professional Services: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 37 Implementation & Integration: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 38 Implementation & Integration: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 39 Consulting: Asset Performance Management Market, By Region,
2019–2023 (Usd Million)
Table 40 Consulting: Asset Performance Management Market, By Region,
2024–2029 (Usd Million)
Table 41 Support & Maintenance: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 42 Support & Maintenance: Asset Performance Management 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: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 45 Asset Performance Management Market, By Asset Type,
2019–2023 (Usd Million)
Table 46 Asset Performance Management Market, By Asset Type,
2024–2029 (Usd Million)
Table 47 Fixed Assets: Asset Performance Management Market, By Region,
2019–2023 (Usd Million)
Table 48 Fixed Assets: Asset Performance Management Market, By Region,
2024–2029 (Usd Million)
Table 49 Mobile Assets: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 50 Mobile Assets: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 51 Production Assets: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 52 Production Assets: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 53 Infrastructure Assets: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 54 Infrastructure Assets: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 55 Other Asset Types: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 56 Other Asset Types: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 57 Asset Performance Management Market, By Deployment Type,
2019–2023 (Usd Million)
Table 58 Asset Performance Management Market, By Deployment Type,
2024–2029 (Usd Million)
Table 59 On-premises: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 60 On-premises: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 61 Cloud: Asset Performance Management Market, By Region,
2019–2023 (Usd Million)
Table 62 Cloud: Asset Performance Management Market, By Region,
2024–2029 (Usd Million)
Table 63 Asset Performance Management Market, By Organization Size,
2019–2023 (Usd Million)
Table 64 Asset Performance Management 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: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 67 Small Enterprises: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 68 Small Enterprises: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 69 Medium-sized Enterprises: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 70 Medium-sized Enterprises: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 71 Asset Performance Management Market, By Vertical,
2019–2023 (Usd Million)
Table 72 Asset Performance Management 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: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 75 Oil & Gas: Asset Performance Management Market, By Region,
2019–2023 (Usd Million)
Table 76 Oil & Gas: Asset Performance Management Market, By Region,
2024–2029 (Usd Million)
Table 77 Manufacturing: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 78 Manufacturing: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 79 Government & Defense: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 80 Government & Defense: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 81 Chemicals & Petrochemicals: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 82 Chemicals & Petrochemicals: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 83 Telecommunications: Asset Performance Management Market,
By Region, 2019–2023 (Usd Million)
Table 84 Telecommunications: Asset Performance Management Market,
By Region, 2024–2029 (Usd Million)
Table 85 Healthcare & Life Sciences: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 86 Healthcare & Life Sciences: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 87 Consumer Goods, Food, And Beverages: Asset Performance Management Market, By Region, 2019–2023 (Usd Million)
Table 88 Consumer Goods, Food, And Beverages: Asset Performance Management 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: Asset Performance Management Market, By Region, 2024–2029 (Usd Million)
Table 91 Asset Performance Management Market, By Region,
2019–2023 (Usd Million)
Table 92 Asset Performance Management Market, By Region,
2024–2029 (Usd Million)
Table 93 North America: Asset Performance Management Market, By Offering, 2019–2023 (Usd Million)
Table 94 North America: Asset Performance Management Market, By Offering, 2024–2029 (Usd Million)
Table 95 North America: Asset Performance Management Market, By Solution, 2019–2023 (Usd Million)
Table 96 North America: Asset Performance Management Market, By Solution, 2024–2029 (Usd Million)
Table 97 North America: Asset Performance Management Market, By Service, 2019–2023 (Usd Million)
Table 98 North America: Asset Performance Management Market, By Service, 2024–2029 (Usd Million)
Table 99 North America: Asset Performance Management 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: Asset Performance Management Market,
By Asset Type, 2019–2023 (Usd Million
Table 102 North America: Asset Performance Management Market,
By Asset Type, 2024–2029 (Usd Million)
Table 103 North America: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 104 North America: Asset Performance Management Market,
By Deployment Type 2024–2029 (Usd Million)
Table 105 North America: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 106 North America: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 107 North America: Asset Performance Management Market, By Vertical, 2019–2023 (Usd Million)
Table 108 North America: Asset Performance Management Market, By Vertical, 2024–2029 (Usd Million)
Table 109 North America: Asset Performance Management Market, By Country, 2019–2023 (Usd Million)
Table 110 North America: Asset Performance Management Market, By Country, 2024–2029 (Usd Million)
Table 111 Us: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 112 Us: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 113 Us: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 114 Us: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 115 Canada: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 116 Canada: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 117 Canada: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 118 Canada: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 119 Europe: Asset Performance Management Market, By Offering,
2019–2023 (Usd Million)
Table 120 Europe: Asset Performance Management Market, By Offering,
2024–2029 (Usd Million)
Table 121 Europe: Asset Performance Management Market, By Solution,
2019–2023 (Usd Million)
Table 122 Europe: Asset Performance Management Market, By Solution,
2024–2029 (Usd Million)
Table 123 Europe: Asset Performance Management Market, By Service,
2019–2023 (Usd Million)
Table 124 Europe: Asset Performance Management Market, By Service,
2024–2029 (Usd Million)
Table 125 Europe: Asset Performance Management Market, By Professional Service, 2019–2023 (Usd Million)
Table 126 Europe: Asset Performance Management Market, By Professional Service, 2024–2029 (Usd Million)
Table 127 Europe: Asset Performance Management Market, By Asset Type,
2019–2023 (Usd Million)
Table 128 Europe: Asset Performance Management Market, By Asset Type,
2024–2029 (Usd Million)
Table 129 Europe: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 130 Europe: Asset Performance Management Market, By Deployment Type 2024–2029 (Usd Million)
Table 131 Europe: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 132 Europe: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 133 Europe: Asset Performance Management Market, By Vertical,
2019–2023 (Usd Million)
Table 134 Europe: Asset Performance Management Market, By Vertical,
2024–2029 (Usd Million)
Table 135 Europe: Asset Performance Management Market, By Country,
2019–2023 (Usd Million)
Table 136 Europe: Asset Performance Management Market, By Country,
2024–2029 (Usd Million)
Table 137 Uk: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 138 Uk: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 139 Uk: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 140 Uk: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 141 Germany: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 142 Germany: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 143 Germany: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 144 Germany: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 145 France: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 146 France: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 147 France: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 148 France: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 149 Italy: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 150 Italy: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 151 Italy: Asset Performance Management 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: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 154 Rest Of Europe: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 155 Rest Of Europe: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 156 Rest Of Europe: Asset Performance Management Market,
By Deployment Type, 2024–2029 (Usd Million)
Table 157 Asia Pacific: Asset Performance Management Market, By Offering, 2019–2023 (Usd Million)
Table 158 Asia Pacific: Asset Performance Management Market, By Offering, 2024–2029 (Usd Million)
Table 159 Asia Pacific: Asset Performance Management Market, By Solution, 2019–2023 (Usd Million)
Table 160 Asia Pacific: Asset Performance Management Market, By Solution, 2024–2029 (Usd Million)
Table 161 Asia Pacific: Asset Performance Management Market, By Service,
2019–2023 (Usd Million)
Table 162 Asia Pacific: Asset Performance Management 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: Asset Performance Management Market, By Professional Service, 2024–2029 (Usd Million)
Table 165 Asia Pacific: Asset Performance Management Market, By Asset Type, 2019–2023 (Usd Million
Table 166 Asia Pacific: Asset Performance Management Market, By Asset Type, 2024–2029 (Usd Million)
Table 167 Asia Pacific: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 168 Asia Pacific: Asset Performance Management Market, By Deployment Type 2024–2029 (Usd Million)
Table 169 Asia Pacific: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 170 Asia Pacific: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 171 Asia Pacific: Asset Performance Management Market, By Vertical, 2019–2023 (Usd Million)
Table 172 Asia Pacific: Asset Performance Management Market, By Vertical, 2024–2029 (Usd Million)
Table 173 Asia Pacific: Asset Performance Management Market, By Country, 2019–2023 (Usd Million)
Table 174 Asia Pacific: Asset Performance Management Market, By Country, 2024–2029 (Usd Million)
Table 175 China: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 176 China: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 177 China: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 178 China: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 179 India: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 180 India: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 181 India: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 182 India: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 183 Japan: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 184 Japan: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 185 Japan: Asset Performance Management 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: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 188 Rest Of Asia Pacific: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 189 Rest Of Asia Pacific: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 190 Rest Of Asia Pacific: Asset Performance Management 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: Asset Performance Management Market,
By Offering, 2024–2029 (Usd Million)
Table 193 Middle East & Africa: Asset Performance Management Market,
By Solution, 2019–2023 (Usd Million)
Table 194 Middle East & Africa: Asset Performance Management Market,
By Solution, 2024–2029 (Usd Million)
Table 195 Middle East & Africa: Asset Performance Management Market,
By Service, 2019–2023 (Usd Million)
Table 196 Middle East & Africa: Asset Performance Management Market,
By Service, 2024–2029 (Usd Million)
Table 197 Middle East & Africa: Asset Performance Management Market,
By Professional Service, 2019–2023 (Usd Million)
Table 198 Middle East & Africa: Asset Performance Management Market,
By Professional Service, 2024–2029 (Usd Million)
Table 199 Middle East & Africa: Asset Performance Management Market,
By Asset Type, 2019–2023 (Usd Million
Table 200 Middle East & Africa: Asset Performance Management Market,
By Asset Type, 2024–2029 (Usd Million)
Table 201 Middle East & Africa: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 202 Middle East & Africa: Asset Performance Management Market,
By Deployment Type, 2024–2029 (Usd Million)
Table 203 Middle East & Africa: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 204 Middle East & Africa: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 205 Middle East & Africa: Asset Performance Management Market,
By Vertical, 2019–2023 (Usd Million)
Table 206 Middle East & Africa: Asset Performance Management Market,
By Vertical, 2024–2029 (Usd Million)
Table 207 Middle East & Africa: Asset Performance Management Market,
By Country, 2019–2023 (Usd Million)
Table 208 Middle East & Africa: Asset Performance Management 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: Asset Performance Management Market, By Country, 2024–2029 (Usd Million)
Table 211 Gcc Countries: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 212 Gcc Countries: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 213 Gcc Countries: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 214 Gcc Countries: Asset Performance Management 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: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 217 South Africa: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 218 South Africa: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 219 Rest Of Middle East & Africa: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 220 Rest Of Middle East & Africa: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 221 Rest Of Middle East & Africa: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 222 Rest Of Middle East & Africa: Asset Performance Management 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: Asset Performance Management Market, By Offering, 2024–2029 (Usd Million)
Table 225 Latin America: Asset Performance Management Market, By Solution, 2019–2023 (Usd Million)
Table 226 Latin America: Asset Performance Management Market, By Solution, 2024–2029 (Usd Million)
Table 227 Latin America: Asset Performance Management Market, By Service, 2019–2023 (Usd Million)
Table 228 Latin America: Asset Performance Management Market, By Service, 2024–2029 (Usd Million)
Table 229 Latin America: Asset Performance Management Market,
By Professional Service, 2019–2023 (Usd Million)
Table 230 Latin America: Asset Performance Management Market,
By Professional Service, 2024–2029 (Usd Million)
Table 231 Latin America: Asset Performance Management Market, By Asset Type, 2019–2023 (Usd Million
Table 232 Latin America: Asset Performance Management Market, By Asset Type, 2024–2029 (Usd Million)
Table 233 Latin America: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 234 Latin America: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 235 Latin America: Asset Performance Management Market,
By Organization Size, 2019–2023 (Usd Million)
Table 236 Latin America: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 237 Latin America: Asset Performance Management Market, By Vertical, 2019–2023 (Usd Million)
Table 238 Latin America: Asset Performance Management Market, By Vertical, 2024–2029 (Usd Million)
Table 239 Latin America: Asset Performance Management Market, By Country, 2019–2023 (Usd Million)
Table 240 Latin America: Asset Performance Management Market, By Country, 2024–2029 (Usd Million)
Table 241 Brazil: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 242 Brazil: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 243 Brazil: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 244 Brazil: Asset Performance Management Market, By Deployment Type, 2024–2029 (Usd Million)
Table 245 Mexico: Asset Performance Management Market, By Organization Size, 2019–2023 (Usd Million)
Table 246 Mexico: Asset Performance Management Market, By Organization Size, 2024–2029 (Usd Million)
Table 247 Mexico: Asset Performance Management Market, By Deployment Type, 2019–2023 (Usd Million)
Table 248 Mexico: Asset Performance Management 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: Asset Performance Management Market,
By Organization Size, 2024–2029 (Usd Million)
Table 251 Rest Of Latin America: Asset Performance Management Market,
By Deployment Type, 2019–2023 (Usd Million)
Table 252 Rest Of Latin America: Asset Performance Management Market,
By Deployment Type, 2024–2029 (Usd Million)
Table 253 Overview Of Strategies Adopted By Key Asset Performance Management Market Vendors
Table 254 Asset Performance Management Market: Degree Of Competition
Table 255 Asset Performance Management Market: Regional Footprint
Table 256 Asset Performance Management Market: Offering Footprint
Table 257 Asset Performance Management Market: Deployment Type Footprint
Table 258 Asset Performance Management Market: Vertical Footprint
Table 259 Asset Performance Management Market: Key Startups/Smes
Table 260 Asset Performance Managament Market:
Competitive Benchmarking Of Key Startups/Smes
Table 261 Asset Performance Management 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)
Figures List
Figure 1 Asset Performance Management 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 Asset Performance Management Market: Supply Chain Analysis
Figure 20 Key Players In Asset Performance Management Market Ecosystem
Figure 21 Patent Analysis, 2013–2023
Figure 22 Asset Performance Management 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 Asset Performance Management Market: Company Footprint
Figure 44 Asset Performance Management 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

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Market Covered And Regional Scope
1.3.2 Years Considered
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary Of Changes
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
2.1.2.2 Key Insights From Industry Experts
2.2 Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities For Key Players In Asset Performance Management (Apm) Market
4.2 Asset Performance Management (Apm) Market, By Offering, 2024 Vs. 2029
4.3 Asset Performance Management (Apm) Market, By Asset Type, 2024 Vs. 2029
4.4 Asset Performance Management (Apm) Market, By Deployment Type,
2024 Vs. 2029
4.5 Asset Performance Management (Apm) Market, By Organization Size,
2024 Vs. 2029
4.6 Asset Performance Management (Apm) Market, By Vertical, 2024 Vs. 2029
4.7 Asset Performance Management (Apm) Market: Regional Scenario,
2024–2029
5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surging Demand For Predictive Maintenance
5.2.1.2 Integration Of Iot And Ai In Evolving Apm Solutions
5.2.1.3 Rising Adoption Of Cloud-based Apm Solutions
5.2.1.4 Increasing Need For Apm Solutions To Manage Asset Complexity
5.2.1.5 Adoption Of Industrial Automation To Enhance Efficiency
5.2.2 Restraints
5.2.2.1 High Implementation Costs Of Apm Solutions
5.2.2.2 Stringent Data Security And Privacy Regulations
5.2.3 Opportunities
5.2.3.1 Rising Adoption Of Mobile Apm Solutions
5.2.3.2 Increasing Benefits Of Advanced Analytics
5.2.3.3 Integration Of Digital Twins Into Apm Systems
5.2.3.4 Surging Need For Collaborative Ecosystems To Enhance Apm Solutions
5.2.4 Challenges
5.2.4.1 Complexity Of Operating Apm Solutions
5.2.4.2 Shortage Of Skilled Professionals And Limited Awareness Of Apm Solutions
5.3 Case Study Analysis
5.3.1 Aveva Predictive Analytics Helped Tata Power Enhance Equipment Reliability And Performance
5.3.2 Oman Gas Company Optimized Asset Performance By Implementing Bentley’s Assetwise Asset Reliability
5.3.3 Ibm’s Maximo Application Suite Revolutionized Downer’s Rail Asset Management
5.3.4 Ge Digital's Asset Performance Management (Apm) Health And Reliability Software Helped Aboitiz Power Corporation Resolve Challenges In Energy Transition
5.3.5 Emerson’s Plantweb Helped Secco Launch Major Petrochemical Complex Ahead Of Schedule
5.3.6 Rockwell Automation Helped Atll Improve Operational Efficiency And Water Treatment Reliability Significantly
5.4 Supply Chain Analysis
5.5 Ecosystem
5.6 Technology Analysis
5.6.1 Key Technologies
5.6.1.1 Internet Of Things (Iot)
5.6.1.2 Predictive Analytics
5.6.2 Complementary Technologies
5.6.2.1 Cloud Computing
5.6.2.2 Big Data Analytics
5.6.2.3 Blockchain
5.6.3 Adjacent Technologies
5.6.3.1 Ai/Ml
5.6.3.2 Ar/Vr
5.7 Pricing Analysis
5.7.1 Average Selling Price (Asp) Trend Of Key Players, By Offering
5.8 Patent Analysis
5.9 Porter’s Five Forces Analysis
5.9.1 Threat Of New Entrants
5.9.2 Threat Of Substitutes
5.9.3 Bargaining Power Of Buyers
5.9.4 Bargaining Power Of Suppliers
5.9.5 Intensity Of Competitive Rivalry
5.10 Regulatory Landscape
5.10.1 Regulatory Bodies, Government Agencies, And Other Organizations
5.10.2 Regulations, By Region
5.11 Trends/Disruptions Impacting Customer Business
5.12 Key Stakeholders And Buying Criteria
5.12.1 Key Stakeholders In Buying Process
5.12.2 Buying Criteria
5.13 Business Model Analysis
5.13.1 Subscription-based Model
5.13.2 Perpetual License-based Model
5.13.3 Pay-per-use Model
5.13.4 Outcome-based Pricing Model
5.13.5 Freemium Model
5.13.6 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
5.16.1 Industry Trends: Use Cases
5.16.1.1 Scg Chemicals Achieved Near-perfect Performance With Aveva's Ai-integrated Apm Solutions
5.16.1.2 Shutterstock Boosted Efficiency And Security With New Relic’s Ai-driven Observability Tools
5.16.1.3 Shoreline Ai’s Industrial Apm Solution Helped Manufacturing Company Reduce Operational Risks And Costs
5.16.2 Top Clients Adapting Ai/Gen Ai
5.16.2.1 Ibm
5.16.2.2 Sas
5.16.2.3 Shoreline Ai
5.16.3 Adoption Trend Of Traditional Vs. Ai/Gen-ai-based Asset Performance Management Solutions
6 Asset Performance Management Market, By Offering
6.1 Introduction
6.1.1 Offerings: Asset Performance Management Market Drivers
6.2 Solutions
6.2.1 Need For Managing Assets To Improve Production Workflow To Drive Market
6.2.2 Asset Strategy Management
6.2.2.1 Growing Focus On Gaining High Return On Assets To Increase Demand For Asset Strategy Management Solutions
6.2.2.2 Risk-based Maintenance (Rbm)
6.2.2.3 Reliability-centered Maintenance (Rcm)
6.2.2.4 Failure Modes And Effects Analysis (Fmea)
6.2.2.5 Preventive Maintenance Optimization (Pmo)
6.2.3 Asset Reliability Management
6.2.3.1 Need To Increase Production, Provide Worker Safety, And Achieve On-time Customer Deliveries To Boost Market Growth
6.2.3.2 Root Cause Analysis (Rca)
6.2.3.3 Asset Health Indexing
6.2.3.4 Reliability, Availability, And Maintainability (Ram) Analysis
6.2.3.5 Maintenance Task Optimization
6.2.4 Predictive Asset Management
6.2.4.1 Need To Maintain Critical Assets Efficiently To Fuel Demand For Predictive Asset Management Solutions
6.2.4.2 Predictive Maintenance
6.2.4.3 Machine Learning (Ml) And Ai-based Predictions
6.2.4.4 Data-driven Maintenance Planning
6.2.4.5 Failure Prediction And Risk Assessment
6.2.5 Asset Lifecycle Management
6.2.5.1 Need To Maximize Asset Value And Improve Operational Efficiency To Accelerate Market Growth
6.2.5.2 Asset Planning And Acquisition
6.2.5.3 Asset Commissioning And Deployment
6.2.5.4 Asset Maintenance And Operation
6.2.5.5 Asset Decommissioning And Disposal
6.2.6 Work Order Management
6.2.6.1 Need For Efficient Task Coordination, Enhanced Tracking, And Reporting To Foster Market Growth
6.2.6.2 Work Order Creation And Scheduling
6.2.6.3 Resource Allocation And Planning
6.2.6.4 Work Order Execution And Tracking
6.2.6.5 Reporting And Documentation
6.2.7 Other Solutions
6.3 Services
6.3.1 Professional Services
6.3.1.1 Complexity Of Operations And Increasing Deployment Of Advanced Technological Solutions To Boost Demand For Apm Solutions
6.3.1.2 Implementation & Integration
6.3.1.3 Consulting
6.3.1.4 Support & Maintenance
6.3.2 Managed Services
6.3.2.1 Need For Real-time Performance Monitoring, Predictive Analytics, Maintenance Scheduling, And Incident Response To Bolster Market Growth
7 Asset Performance Management Market, By Asset Type
7.1 Introduction
7.1.1 Asset Types: Asset Performance Management Market Drivers
7.2 Fixed Assets
7.2.1 Need To Ensure Optimal Performance, Reduce Downtime, And Extend Asset Life Through Proactive Maintenance And Monitoring To Propel Market
7.3 Mobile Assets
7.3.1 Need To Ensure Optimal Performance, Prevent Breakdowns, And Minimize Operational Disruptions To Fuel Market Growth
7.4 Production Assets
7.4.1 Need To Enhance Operational Efficiency And Minimize Downtime To Boost Demand For Production Assets
7.5 Infrastructure Assets
7.5.1 Need To Manage Infrastructure Assets Effectively And Ensure Safety, Reliability, And Optimal Performance To Boost Market Growth
7.6 Other Asset Types
8 Asset Performance Management Market, By Deployment Type
8.1 Introduction
8.1.1 Deployment Types: Asset Performance Management Market Drivers
8.2 On-premises
8.2.1 Companies With Large Budgets And Teams To Drive Adoption Of On-premises Deployment Type
8.3 Cloud
8.3.1 Cost-effectiveness And Scalability To Boost Demand For Cloud Asset Performance Management Solutions
9 Asset Performance Management Market, By Organization Size
9.1 Introduction
9.1.1 Organization Sizes: Asset Performance Management Market Drivers
9.2 Large Enterprises
9.2.1 Need To Ensure Operational Efficiency, Minimize Downtime, And Optimize Resource Utilization To Bolster Market Growth
9.3 Small Enterprises
9.3.1 Asset Performance Management Solutions To Offer Predictive Maintenance, Real-time Monitoring, And Resource Optimization Features
9.4 Medium Enterprises
9.4.1 Need To Make Informed Decisions, Improve Asset Utilization, And Ensure Compliance With Industry Standards To Propel Market
10 Asset Performance Management Market, By Vertical
10.1 Introduction
10.1.1 Verticals: Asset Performance Management Market Drivers
10.2 Energy & Utilities
10.2.1 Asset Performance Management Solutions To Help Energy & Utility Organizations Maximize Life Of Existing And New Assets
10.2.2 Energy & Utilities: Types
10.2.2.1 Power Generation
10.2.2.2 Water & Wastewater Utilities
10.2.2.3 Other Energy & Utility Types
10.3 Oil & Gas
10.3.1 Need To Enhance Operational Safety And Reduce Costs To Fuel Demand For Asset Performance Management Solutions
10.3.2 Oil & Gas: Types
10.3.2.1 Upstream (Exploration & Production)
10.3.2.2 Midstream (Transportation & Storage)
10.3.2.3 Downstream (Refining & Distribution)
10.3.2.4 Other Oil & Gas Types (Integrated & Oilfield Services)
10.4 Manufacturing
10.4.1 Increasing Customer Demand And Changing Market Conditions To Accelerate Market Growth
10.4.2 Manufacturing: Types
10.4.2.1 Discrete Manufacturing
10.4.2.2 Process Manufacturing
10.4.2.3 Heavy Manufacturing
10.4.2.4 Other Manufacturing Types
10.5 Government & Defense
10.5.1 Need To Ensure Operational Readiness, Compliance With Regulations, And Efficient Use Of Public Funds To Drive Market
10.5.2 Government & Defense: Types
10.5.2.1 Defense Infrastructure
10.5.2.2 Defense Equipment
10.5.2.3 Public Sector Infrastructure
10.5.2.4 Other Government & Defense Types
10.6 Chemicals & Petrochemicals
10.6.1 Need To Optimize Maintenance Schedules And Improve Process Efficiency To Propel Market
10.6.2 Chemicals & Petrochemicals: Types
10.6.2.1 Petrochemicals & Refining
10.6.2.2 Pharmaceuticals
10.6.2.3 Consumer Chemicals
10.6.2.4 Other Chemical & Petrochemical Types
10.7 Telecommunications
10.7.1 Need To Ensure Telecom Network Reliability With Predictive Maintenance To Foster Market Growth
10.7.2 Telecommunications: Types
10.7.2.1 Network Infrastructure
10.7.2.2 Data Centers
10.7.2.3 Transmission Networks
10.7.2.4 Other Telecommunication Types
10.8 Healthcare & Life Sciences
10.8.1 Need To Ensure Reliability, Efficiency, And Regulatory Compliance Of Critical Medical Equipment And It Systems To Drive Market
10.8.2 Healthcare& Life Sciences: Types
10.8.2.1 Medical Equipment
10.8.2.2 Biotechnology
10.8.2.3 Quality Control Laboratories
10.8.2.4 Other Healthcare & Life Science Types
10.9 Consumer Goods, Food, And Beverages
10.9.1 Need For Optimization Of Supply Chain To Accelerate Adoption Of Asset Performance Management Solutions
10.9.2 Consumer Goods & Foods And Beverages: Types
10.9.2.1 Food & Beverage Manufacturing
10.9.2.2 Supply Chain & Logistics
10.9.2.3 Retail Operations
10.9.2.4 Other Consumer Goods, Food, And Beverage Types
10.10 Other Verticals
11 Asset Performance Management Market, By Region
11.1 Introduction
11.2 North America
11.2.1 North America: Asset Performance Management Market Drivers
11.2.2 North America: Macroeconomic Outlook
11.2.3 Us
11.2.3.1 Presence Of Major Vendors And High Adoption Rates Driven By Government Agency To Foster Market Growth
11.2.4 Canada
11.2.4.1 Investments From Tech Companies To Boost Cloud Environment To Fuel Market Growth
11.3 Europe
11.3.1 Europe: Asset Performance Management Market Drivers
11.3.2 Europe: Macroeconomic Outlook
11.3.3 Uk
11.3.3.1 Increasing Demand For Apm Solutions To Enhance Organizational Performance To Fuel Market
11.3.4 Germany
11.3.4.1 Need To Streamline Maintenance Operations, Optimize Asset Performance, Ensure Regulatory Adherence, And Enhance Operational Efficiency To Drive Market
11.3.5 France
11.3.5.1 Need For Enhanced Operational Efficiency, Regulatory Compliance, Sustainability Across Key Sectors, And Availability Of Highly Skilled Professionals To Propel Market
11.3.6 Italy
11.3.6.1 Need For Enhanced Asset Reliability, Operational Efficiency, And Regulatory Compliance To Accelarate Market Growth
11.3.7 Rest Of Europe
11.4 Asia Pacific
11.4.1 Asia Pacific: Asset Performance Management Market Drivers
11.4.2 Asia Pacific: Macroeconomic Outlook
11.4.3 China
11.4.3.1 Strong Manufacturing Base, Exportation Of Manufactured Goods Globally, And Government's Initiatives For R&D And Investments To Boost Market Growth
11.4.4 India
11.4.4.1 Government Initiatives Booting Digital Transformation And Push For Sustainability And Compliance To Bolster Market Growth
11.4.5 Japan
11.4.5.1 Shift Toward Focus On Lowering Tco To Fuel Market Growth
11.4.6 Rest Of Asia Pacific
11.5 Middle East & Africa
11.5.1 Middle East & Africa: Asset Performance Management Market Drivers
11.5.2 Middle East & Africa: Macroeconomic Outlook
11.5.3 Gulf Cooperation Council (Gcc) Countries
11.5.3.1 Uae
11.5.3.1.1 Strong Focus On Industrial Modernization And Digital Transformation To Boost Demand For Apm Solutions
11.5.3.2 Saudi Arabia
11.5.3.2.1 Stringent Regulatory Framework And Compliance Standards, Industrial Focus, And Saudi Vision 2030 To Boost Market Growth
11.5.3.3 Rest Of Gcc Countries
11.5.4 South Africa
11.5.4.1 Need To Improve Asset Reliability, Enhance Operational Efficiency, And Minimize Downtime To Propel Market
11.5.5 Rest Of Middle East & Africa
11.6 Latin America
11.6.1 Latin America: Asset Performance Management Market Drivers
11.6.2 Latin America: Macroeconomic Outlook
11.6.3 Brazil
11.6.3.1 Thriving Presence Of Oil & Gas Industry And National Innovation Policy To Foster Market Growth
11.6.4 Mexico
11.6.4.1 Need To Optimize Performance Of Critical Infrastructure And Implementation Of National Digital Strategy To Bolster Market Growth
11.7 Rest Of Latin America
12 Competitive Landscape
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
12.5.1 Aveva: Aveva Apm 4.0
12.5.2 Abb: Abb Ability Genix Apm
12.5.3 Ge Vernova: Asset Performance Management (Apm)
12.5.4 Sap: Sap Asset Performance Management
12.5.5 Ibm: Ibm Maximo
12.6 Company Evaluation Matrix: Key Players, 2023
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
12.6.5 Company Footprint: Key Players, 2023
12.6.5.1 Company Footprint
12.6.5.2 Regional Footprint
12.6.5.3 Offering Footprint
12.6.5.4 Deployment Type Footprint
12.6.5.5 Vertical Footprint
12.7 Company Evaluation Matrix: Startups/Smes, 2023
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
12.7.5 Competitive Benchmarking: Startups/Smes, 2023
12.7.5.1 Detailed List Of Key Startups/Smes
12.7.6 Competitive Benchmarking Of Key Startups/Smes
12.8 Company Valuation And Financial Metrics, 2024
12.9 Competitive Scenario
12.9.1 Product Launches And Enhancements
12.9.2 Deals
13 Company Profiles
13.1 Introduction
13.2 Major Players
13.2.1 Aveva
13.2.1.1 Business Overview
13.2.1.2 Products/Solutions/Services Offered
13.2.1.3 Recent Developments
13.2.1.3.1 Product Launches And Enhancements
13.2.1.3.2 Deals
13.2.1.4 Mnm View
13.2.1.4.1 Right To Win
13.2.1.4.2 Strategic Choices
13.2.1.4.3 Weaknesses And Competitive Threats
13.2.2 Abb
13.2.2.1 Business Overview
13.2.2.2 Products/Solutions/Services Offered
13.2.2.3 Recent Developments
13.2.2.3.1 Product Launches And Enhancements
13.2.2.3.2 Deals
13.2.2.4 Mnm View
13.2.2.4.1 Right To Win
13.2.2.4.2 Strategic Choices
13.2.2.4.3 Weaknesses And Competitive Threats
13.2.3 Ge Vernova
13.2.3.1 Business Overview
13.2.3.2 Products/Solutions/Services Offered
13.2.3.3 Recent Developments
13.2.3.3.1 Product Launches And Enhancements
13.2.3.3.2 Deals
13.2.3.4 Mnm View
13.2.3.4.1 Right To Win
13.2.3.4.2 Strategic Choices
13.2.3.4.3 Weaknesses And Competitive Threats
13.2.4 Sap
13.2.4.1 Business Overview
13.2.4.2 Products/Solutions/Services Offered
13.2.4.3 Recent Developments
13.2.4.3.1 Product Launches And Enhancements
13.2.4.3.2 Deals
13.2.4.4 Mnm View
13.2.4.4.1 Right To Win
13.2.4.4.2 Strategic Choices
13.2.4.4.3 Weaknesses And Competitive Threats
13.2.5 Ibm
13.2.5.1 Business Overview
13.2.5.2 Products/Solutions/Services Offered
13.2.5.3 Recent Developments
13.2.5.3.1 Product Launches And Enhancements
13.2.5.3.2 Deals
13.2.5.4 Mnm View
13.2.5.4.1 Right To Win
13.2.5.4.2 Strategic Choices
13.2.5.4.3 Weaknesses And Competitive Threats
13.2.6 Rockwell Automation
13.2.6.1 Business Overview
13.2.6.2 Products/Solutions/Services Offered
13.2.6.3 Recent Developments
13.2.6.3.1 Product Launches And Enhancements
13.2.6.3.2 Deals
13.2.7 Emerson
13.2.7.1 Business Overview
13.2.7.2 Products/Solutions/Services Offered
13.2.7.3 Recent Developments
13.2.7.3.1 Product Launches And Enhancements
13.2.7.3.2 Deals
13.2.8 Dnv
13.2.8.1 Business Overview
13.2.8.2 Products/Solutions/Services Offered
13.2.9 Fluke
13.2.9.1 Business Overview
13.2.9.2 Products/Solutions/Services Offered
13.2.9.3 Recent Developments
13.2.9.3.1 Product Launches And Enhancements
13.2.9.3.2 Deals
13.2.10 Bentley Systems
13.2.10.1 Business Overview
13.2.10.2 Products/Solutions/Services Offered
13.2.10.3 Recent Developments
13.2.10.3.1 Product Launches And Enhancements
13.2.10.3.2 Deals
13.3 Other Players
13.3.1 Siemens Energy
13.3.2 Oracle
13.3.3 Yokogawa
13.3.4 Sas
13.3.5 Arms Reliability
13.3.6 Synopsys
13.3.7 Honeywell
13.3.8 Prometheus Group
13.3.9 Hexagon
13.3.10 Nexus Global
13.3.11 Detechtion Technologies
13.3.12 Ips Intelligent Process Solutions
13.3.13 Plasma
13.4 Startups/Smes
13.4.1 Tenna
13.4.2 Uptake
13.4.3 Upkeep
13.4.4 Shoreline Ai
13.4.5 Mentor Apm
13.4.6 Fracttal
13.4.7 Microai
13.4.8 Vroc
13.4.9 Operational Sustainability
13.4.10 Qualer
13.4.11 Maintainx
14 Adjacent/Related Markets
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
15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: Marketsandmarkets’ Subscription Portal
15.3 Customization Options
15.4 Related Reports
15.5 Author Details

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