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Market Research Report

Convergence in the Plant Asset Management (PAM) Market

Published by Frost & Sullivan Product code 344893
Published Content info 43 Pages
Delivery time: 1-2 business days
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Convergence in the Plant Asset Management (PAM) Market
Published: November 5, 2015 Content info: 43 Pages

IoIT is Driving Next Generation of Performance Improvement through Predictive/Prescriptive Insights

Plant Asset Management (PAM) technologies are shifting the next generation of performance improvements from the current practices that are focused on preventing asset failure towards practices focused on optimizing asset performance. Industry initiatives, including Industry 4.0, Smart Manufacturing, and applications of Internet of Industrial Things (IoIT) technologies are revolutionizing operations and maintenance, enabling the cost-effective connectivity of a wide variety of asset classes. PAM suppliers should leverage IoIT technologies for increased value from PAM investment.

Table of Contents
Product Code: 9AAC-00-24-00-00

Table of Contents

Executive Summary

  • 1. Key Findings

Industrial Asset Management-Strategies and Technologies

  • 1. Asset Management Strategies-From Reactive to Predictive/Proactive
  • 2. Asset Management Technologies
  • 3. Plant Asset Management (PAM)-Overview and Segmentation
  • 4. Condition Monitoring System (CMS)
  • 5. Asset Reliability System
  • 6. Asset Performance Management (APM) System
  • 7. Changing Landscape of Plant Asset Management Market

Major Trends of the Plant Asset Management Market

  • 1. Partnership Trend-Providing Solutions from Condition Monitoring to Predictive Maintenance
  • 2. Consolidation Trend-Quest for Providing Comprehensive Asset Management Solutions
  • 3. Consolidation Trend-Gaining Expertise for Integrated Offering from Plant to Enterprise Level
  • 4. Emerging Service Trend-Performance-based Asset Analytics Services

Key Drivers and Restraints for the Plant Asset Management Market

  • 1. Drivers and Challenges for the Plant Asset Management Market
  • 2. Drivers Explained
  • 3. Drivers Explained (continued)
  • 4. Challenges Explained
  • 5. Challenges Explained (continued)

Plant Asset Management in an IoIT World

  • 1. Key IoIT Technologies Driving the Next Generation of PAM Solutions for Predictive/Prescriptive Analysis
  • 2. Pervasive Sensing-Enhancing the Value of PAM Solutions through Improved Data Availability
  • 3. Industrial Wireless Networks-Expands Connectivity for a Wide Range of Asset Classes
  • 4. Big Data Storage and Processing-Streamlining Data Gathering and Processing for Asset Analytics
  • 5. Cloud Computing-Connectivity and Interoperability of Wide Range of Asset Information for PAM Applications
  • 6. Advanced Analytics-Enabling Transformation from Predictive to Prescriptive Insights
  • 7. Mobility-Improving PAM Performance Enabling Asset Tracking and Inspection On-the-Go

Strategic Recommendations for Plant Asset Management Solution Providers

  • 1. Strategic Recommendations
  • 2. Strategic Recommendations (continued)
  • 3. Legal Disclaimer

The Frost & Sullivan Story

  • 1. The Frost & Sullivan Story
  • 2. Value Proposition: Future of Your Company & Career
  • 3. Global Perspective
  • 4. Industry Convergence
  • 5. 360° Research Perspective
  • 6. Implementation Excellence
  • 7. Our Blue Ocean Strategy
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