PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629589
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629589
Asset Performance Management Market, By Solution, By End User, By Component, By Technology, By Geography
Global asset performance management market is estimated to be valued at USD 3.56 Bn in 2024 and is expected to reach USD 10.38 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 3.56 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 16.50% | 2031 Value Projection: | US$ 10.38 Bn |
Asset performance management refers to the optimization of operations and maintenance activities for physical assets such as plants, infrastructure, and equipment. It involves capturing critical data from assets, analyzing their performance and maintaining them to maximize uptime and revenue generation while minimizing maintenance costs. Asset performance management solutions help organizations gain real-time visibility into asset health and operational status, predict failures through prognostic modeling and prioritize maintenance tasks.
The market growth is driven by the need for optimized maintenance strategies across industries to reduce downtime and operational costs. Rising digitization and adoption of IoT and analytics have facilitated real-time asset monitoring. Growing investments by industries in predictive maintenance using machine learning and AI also support market growth. However, data security concerns and lack of skilled workforce hampers the adoption of asset performance management solutions. Emerging technologies such as augmented reality, cloud computing, and edge computing open up opportunities to develop advanced real-time asset performance monitoring systems.
Key Features of the Study:
This report provides in-depth analysis of the global asset performance management market, market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global asset performance management market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Amazon Web Services (AWS) Inc., V7Labs, NEC Corporation, NVIDIA Corporation, Slyce Acquisition Inc., Clarifai, Inc., Google LLC, Blippar Ltd., Toshiba Corporation, and Huawei Cloud
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global asset performance management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global asset performance management market
Market Segmentation
- By Solution Insights (Revenue, USD Bn, 2019 - 2031)
- Asset Reliability Management
- Asset Strategy Management
- Predictive Asset Management
- Asset Lifecycle Management
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- BFSI
- Media and Entertainment
- Retail and E-commerce
- IT and Telecom
- Government
- Healthcare
- Transportation and Logistics
- Others
- By Component Insights (Revenue, USD Bn, 2019 - 2031)
- Software
- Hardware
- Implementation
- Services
- Consulting and Training
- Maintenance and Support
- By Technology Insights (Revenue, USD, 2019 - 2031)
- Security and Surveillance
- Scanning and Imaging
- Augmented Reality
- Image Search
- Others
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Player Insights
- Amazon Web Services (AWS) Inc.
- V7Labs
- NEC Corporation
- NVIDIA Corporation
- Slyce Acquisition Inc.
- Clarifai, Inc.
- Google LLC
- Blippar Ltd.
- Toshiba Corporation
- Huawei Cloud
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Asset Performance Management Market, By Solution
- Asset Performance Management Market, By End User
- Asset Performance Management Market, By Component
- Asset Performance Management Market, By Technology
- Asset Performance Management Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger And Acquisition Scenario
4. Global Asset Performance Management Market, By Solution, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Asset Reliability Management
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Asset Strategy Management
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Predictive Asset Management
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Asset Lifecycle Management
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
5. Global Asset Performance Management Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- BFSI
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Media and Entertainment
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Retail and E-commerce
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- IT and Telecom
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Government
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Transportation and Logistics
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
6. Global Asset Performance Management Market, By Component, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Software
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Hardware
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Implementation
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Services
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Consulting and Training
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Maintenance and Support
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
7. Global Asset Performance Management Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Security and Surveillance
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Scanning and Imaging
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Augmented Reality
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Image Search
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2019-2031, (USD Bn)
8. Global Asset Performance Management Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020-2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest Of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest Of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest Of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Solution, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Amazon Web Services (AWS) Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- V7Labs
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NEC Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NVIDIA Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Slyce Acquisition Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Clarifai, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Google LLC
- Blippar Ltd.
- Toshiba Corporation
- Huawei Cloud
10. Analyst Recommendations
- Wheel Of Fortune
- Analyst View
- Coherent Opportunity Map
11. References And Research Methodology
- References
- Research Methodology
- About Us
