Asset Performance Management Market Size, Share & Trends Analysis Report By Category, By Deployment (On-premises, Hosted), By Vertical, By Region, And Segment Forecasts, 2023

The global asset performance management market size is expected to reach USD 47.18 billion by 2030, registering a CAGR of 12.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The Asset Performance Management market has evolved during time in response to technological advancements and the changing needs of the incumbents in many end-use industries and sectors, particularly small and medium businesses.

The market for asset performance management is predicted to increase due to the growing usage of APM solutions to achieve operational excellence. Companies are becoming more capable of maximizing the use and upkeep of their operational assets, such as plants, equipment, and infrastructure. Heavy machinery, heavy equipment, turbine engines, power transformers, and other possessions are among the assets that firms adopting APM systems regularly monitor.

The market witnessed significant growth during the COVID-19 outbreak. Growth in the adoption of the work-from-home model by the organizations created the need for secure, scalable, reliable, and cost-effective off-premises and virtual technology services. Organizations from all sectors invested considerably in cloud computing solutions to facilitate their operations and engage clients and employees effortlessly. Thus, asset performance management provided several growth opportunities to the marketers during the pandemic.

The asset performance management system includes various solutions such as asset strategy and risk management, predictive asset management, reliability-centered maintenance, and condition-based maintenance, among others. These have a high demand from end-use industries such as energy & utilities, mining & metal, oil & gas, and manufacturing. The manufacturing industry is expected to emerge as one of the prominent markets in terms of revenue during the forecast period. The APM systems, coupled with IIoT, and increasing adoption of cloud solutions are expected to be the crucial factors for the steady growth of the market. Moreover, cloud-based APM systems are enabling companies to manage their assets cost-effectively.

The energy & utilities industry segment holds the largest share owing to the high number of customers who are actively investing in APM systems to manage their assets. For instance, Tata Power, one of the largest power companies from India, is leveraging AVEVA Group plc.'s PRiSM Predictive Asset Analytics for equipment problems and early warning notification. The APM system helped Tata Power to achieve improved reliability and performance of their critical assets. Additionally, the system contributed to control the maintenance costs by its predictive analysis.

Furthermore, the asset performance management market is highly competitive and fragmented, wherein few companies hold the maximum market share. Consistent dominance in the market by legacy companies can be attributed to investments in research and development of advanced cloud-based services, which has been one of the key factors driving their revenues. However, growth in the introduction of advanced cloud solutions and related offerings by the start-ups is also creating significant traction in the global market.

Asset Performance Management Market Report Highlights:

The asset performance management market is gaining traction owing to the rapid industrial shift towards digitization of the monitoring and maintenance activities. The companies are actively investing in digital solutions to manage their assets

The use of advanced processes and tools such as regression analysis, neural network analysis, Monte Carlo simulation, and so on in the APM systems is driving the growth of the predictive asset management segment

The public cloud segment is expected to register significant growth during the forecast period as it helps businesses in improving cost structures and setting up a control center to arrange, monitor, and coordinate various components of their businesses

The manufacturing industry segment held a significant share in the market owing to the presence of many small and large manufacturing plants across the globe

Asia Pacific is anticipated to register the highest growth rate during the forecast period owing to the increasing popularity of social media, growing investments by tech giants in establishing IT infrastructures in this region, and the rising preference for e-commerce and m-commerce, particularly in emerging economies such as India, Indonesia, and Thailand

Product Code: GVR-3-68038-727-8

Chapter 1 Methodology and Scope

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspective
- 1.3.4 Primary Research
1.4 Information Analysis
- 1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing

Chapter 2 Executive Summary

2.1 Market Snapshot
2.2 Type and Deployment Segment Snapshot
2.3 Vertical Segment Snapshot
2.4 Competitive Landscape Snapshot

Chapter 3 Asset Performance Management Market - Industry Outlook

3.1 Market Size and Growth Prospects
3.2 Value Chain Analysis
3.3 Asset Performance Management Market Dynamics
- 3.3.1 Asset Performance Management Market Dynamics
- 3.3.2 Market Driver Analysis
  - 3.3.2.1 Integration of asset performance management systems with complementary technologies for more efficient use cases
  - 3.3.2.2 Growing adoption of cloud-based asset performance management systems and increasing need for data security
  - 3.3.2.3 Rapid industrial shift toward digitization of asset monitoring and maintenance activities
- 3.3.3 Market challenge Analysis
  - 3.3.3.1 High prices of asset performance management systems due to complex and customized system requirements
- 3.3.4 Market opportunity Analysis
  - 3.3.4.1 Leveraging advanced technologies such as machine learning and artificial intelligence in the development of asset performance management systems
3.4 Market Analysis Tools
- 3.4.1 Asset Performance Management Industry Analysis - Porter's five forces analysis
- 3.4.2 Asset Performance Management Industry Analysis - PESTEL

Chapter 4 Asset performance management Category Outlook

4.1 Asset Performance Management Market Share By category, 2022
4.2 Predictive Asset Management
- 4.2.1 Predictive Asset Management asset performance management market, 2018 - 2030
4.3 Asset Reliability
- 4.3.1 Asset Reliability asset performance management market, 2018 - 2030
4.4 Asset Strategy Management
- 4.4.1 Asset Strategy Management asset performance management market, 2018 - 2030
4.5 Others
- 4.5.1 Others asset performance management market, 2018 - 2030

Chapter 5 Asset performance management Deployment Outlook

5.1 Asset Performance Management Market Share By Deployment, 2022
5.2 On-premise
- 5.2.1 On-premise asset performance management market, 2018 - 2030
5.3 Hosted
- 5.3.1 Hosted asset performance management market, 2018 - 2030
- 5.3.2 Public Cloud
  - 5.3.2.1 Public Cloud asset performance management market, 2018 - 2030
- 5.3.3 Private Cloud
  - 5.3.3.1 Private Cloudasset performance management market, 2018 - 2030

Chapter 6 Asset performance management Vertical Outlook

6.1 Asset Performance Management Market Share By Vertical, 2022
6.2 Energy and Utilities
- 6.2.1 Asset performance management in energy and utilities, 2018 - 2030
6.3 Oil & Gas
- 6.3.1 Asset performance management in oil & gas, 2018 - 2030
6.4 Manufacturing
- 6.4.1 Asset performance management in manufacturing, 2018 - 2030
6.5 Metal & Mining
- 6.5.1 Asset performance management in metal & mining, 2018 - 2030
6.6 Transportation
- 6.6.1 Asset performance management in transportation, 2018 - 2030
6.7 Government & Public Sector
- 6.7.1 Asset performance management in government & public sector, 2018 - 2030
6.8 Chemical & Pharmaceutical
- 6.8.1 Asset performance management in chemical & pharmaceutical, 2018 - 2030
6.9 Others
- 6.9.1 Asset performance management in other verticals, 2018 - 2030

Chapter 7 Asset performance management Regional Outlook

7.1 Asset Performance Management Market Share by Region, 2022
7.2 North America
- 7.2.1 North America asset performance management market, 2018 - 2030
- 7.2.2 North America asset performance management market, by category, 2018 - 2030
- 7.2.3 North America asset performance management market, by deployment, 2018 - 2030
- 7.2.4 North America asset performance management market, by vertical, 2018 - 2030
- 7.2.5 U.S.
  - 7.2.5.1 U.S. asset performance management market, 2018 - 2030
  - 7.2.5.2 U.S. asset performance management market, by category, 2018 - 2030
  - 7.2.5.3 U.S. asset performance management market, by deployment, 2018 - 2030
  - 7.2.5.4 U.S. asset performance management market, by vertical, 2018 - 2030
- 7.2.6 Canada
  - 7.2.6.1 Canada asset performance management market, 2018 - 2030
  - 7.2.6.2 Canada asset performance management market, by category, 2018 - 2030
  - 7.2.6.3 Canada asset performance management market, by deployment, 2018 - 2030
  - 7.2.6.4 Canada asset performance management market, by vertical, 2018 - 2030
- 7.2.7 Mexico
  - 7.2.7.1 Mexico asset performance management market, 2018 - 2030
  - 7.2.7.2 Mexico asset performance management market, by category, 2018 - 2030
  - 7.2.7.3 Mexico asset performance management market, by deployment, 2018 - 2030
  - 7.2.7.4 Mexico asset performance management market, by vertical, 2018 - 2030
7.3 Europe
- 7.3.1 Europe asset performance management market, 2018 - 2030
- 7.3.2 Europe asset performance management market, by category, 2018 - 2030
- 7.3.3 Europe asset performance management market, by deployment, 2018 - 2030
- 7.3.4 Europe asset performance management market, by vertical, 2018 - 2030
- 7.3.5 Germany
  - 7.3.5.1 Germany asset performance management market, 2018 - 2030
  - 7.3.5.2 Germany asset performance management market, by category, 2018 - 2030
  - 7.3.5.3 Germany asset performance management market, by deployment, 2018 - 2030
  - 7.3.5.4 Germany asset performance management market, by vertical, 2018 - 2030
- 7.3.6 U.K.
  - 7.3.6.1 U.K. asset performance management market, 2018 - 2030
  - 7.3.6.2 U.K. asset performance management market, by category, 2018 - 2030
  - 7.3.6.3 U.K. asset performance management market, by deployment, 2018 - 2030
  - 7.3.6.4 U.K. asset performance management market, by vertical, 2018 - 2030
7.4 Asia Pacific
- 7.4.1 Asia Pacific asset performance management market, 2018 - 2030
- 7.4.2 Asia Pacific asset performance management market, by category, 2018 - 2030
- 7.4.3 Asia Pacific asset performance management market, by deployment, 2018 - 2030
- 7.4.4 Asia Pacific asset performance management market, by vertical, 2018 - 2030
- 7.4.5 China
  - 7.4.5.1 China asset performance management market, 2018 - 2030
  - 7.4.5.2 China asset performance management market, by category, 2018 - 2030
  - 7.4.5.3 China asset performance management market, by deployment, 2018 - 2030
  - 7.4.5.4 China asset performance management market, by vertical, 2018 - 2030
- 7.4.6 India
  - 7.4.6.1 India asset performance management market, 2018 - 2030
  - 7.4.6.2 India asset performance management market, by category, 2018 - 2030
  - 7.4.6.3 India asset performance management market, by deployment, 2018 - 2030
  - 7.4.6.4 India asset performance management market, by vertical, 2018 - 2030
- 7.4.7 Japan
  - 7.4.7.1 Japan asset performance management market, 2018 - 2030
  - 7.4.7.2 Japan asset performance management market, by category, 2018 - 2030
  - 7.4.7.3 Japan asset performance management market, by deployment, 2018 - 2030
  - 7.4.7.4 Japan asset performance management market, by vertical, 2018 - 2030
7.5 South America
- 7.5.1 South America asset performance management market, 2018 - 2030
- 7.5.2 South America asset performance management market, by category, 2018 - 2030
- 7.5.3 South America asset performance management market, by deployment, 2018 - 2030
- 7.5.4 South America asset performance management market, by vertical, 2018 - 2030
- 7.5.5 Brazil
  - 7.5.5.1 Brazil asset performance management market, 2018 - 2030
  - 7.5.5.2 Brazil asset performance management market, by category, 2018 - 2030
  - 7.5.5.3 Brazil asset performance management market, by deployment, 2018 - 2030
  - 7.5.5.4 Brazil asset performance management market, by vertical, 2018 - 2030
7.6 MEA
- 7.6.1 MEA asset performance management market, 2018 - 2030
- 7.6.2 MEA asset performance management market, by category, 2018 - 2030
- 7.6.3 MEA asset performance management market, by deployment, 2018 - 2030
- 7.6.4 MEA asset performance management market, by vertical, 2018 - 2030

Chapter 8 Competitive Landscape

8.1 Company Categorization
8.2 Asset Performance Management Market: Key Company Ranking Analysis, 2022
8.3 Company Profiles (Overview, Financial Performance, Product Portfolio, Strategic Initiative)
- 8.3.1 ABB Ltd
- 8.3.2 AVEVA Group plc
- 8.3.3 Aspen Technology Inc.
- 8.3.4 International Business Machines Corporation
- 8.3.5 Bentley Systems, Incorporated
- 8.3.6 DNV GLAS
- 8.3.7 GE Digital
- 8.3.8 SAP SE
- 8.3.9 SAS Institute, Inc.
- 8.3.10 Siemens AG

Product Code: GVR-3-68038-727-8

List of Tables

TABLE 1 Asset performance management market - Industry snapshot & key buying criteria, 2018 - 2030
TABLE 2 Global asset performance management market, 2018 - 2030 (USD Million)
TABLE 3 Global asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 4 Global asset performance management market, by category 2018 - 2030 (USD Million)
TABLE 5 Global asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 6 Global asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 7 Vendor landscape
TABLE 8 Asset performance management market - Key market driver impact
TABLE 9 Asset performance management market - Key market opportunity impact
TABLE 10 Predictive Asset Management asset performance management market, 2018 - 2030 (USD Million)
TABLE 11 Predictive Asset Management asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 12 Asset Reliability Management asset performance management market, 2018 - 2030 (USD Million)
TABLE 13 Asset Reliability Management asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 14 Asset Strategy Management asset performance management market, 2018 - 2030 (USD Million)
TABLE 15 Asset Strategy Management asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 16 Others asset performance management market, 2018 - 2030 (USD Million)
TABLE 17 Others asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 18 Hosted asset performance management market, 2018 - 2030 (USD Million)
TABLE 19 Hosted asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 20 Public cloud asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 21 Private cloud asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 22 On-premises asset performance management market, 2018 - 2030 (USD Million)
TABLE 23 On-premises asset performance management market, by region, 2018 - 2030 (USD Million)
TABLE 24 Asset performance management in Energy & Utilities, 2018 - 2030 (USD Million)
TABLE 25 Asset performance management in Energy & Utilities, by region, 2018 - 2030 (USD Million)
TABLE 26 Asset performance management in Oil & Gas, 2018 - 2030 (USD Million)
TABLE 27 Asset performance management in Oil & Gas, by region, 2018 - 2030 (USD Million)
TABLE 28 Asset performance management in Manufacturing, 2018 - 2030 (USD Million)
TABLE 29 Asset performance management in Manufacturing, by region, 2018 - 2030 (USD Million)
TABLE 30 Asset performance management in Metal & Mining, 2018 - 2030 (USD Million)
TABLE 31 Asset performance management in Metal & Mining, by region, 2018 - 2030 (USD Million)
TABLE 32 Asset performance management in Transportation, 2018 - 2030 (USD Million)
TABLE 33 Asset performance management in Transportation, by region, 2018 - 2030 (USD Million)
TABLE 34 Asset performance management in Government & Public Sector, 2018 - 2030 (USD Million)
TABLE 35 Asset performance management in Government & Public Sector, by region, 2018 - 2030 (USD Million)
TABLE 36 Asset performance management in Chemical & Pharmaceutical, 2018 - 2030 (USD Million)
TABLE 37 Asset performance management in Chemical & Pharmaceutical, by region, 2018 - 2030 (USD Million)
TABLE 38 Asset performance management in other vertical, 2018 - 2030 (USD Million)
TABLE 39 Asset performance management in other vertical, by region, 2018 - 2030 (USD Million)
TABLE 40 North America asset performance management market, 2018 - 2030 (USD Million)
TABLE 41 North America asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 42 North America asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 43 North America asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 44 U.S. asset performance management market, 2018 - 2030 (USD Million)
TABLE 45 U.S. asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 46 U.S. asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 47 U.S. asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 48 Canada asset performance management market, 2018 - 2030 (USD Million)
TABLE 49 Canada asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 50 Canada asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 51 Canada asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 52 Europe asset performance management market, 2018 - 2030 (USD Million)
TABLE 53 Europe asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 54 Europe asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 55 Europe asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 56 Germany asset performance management market, 2018 - 2030 (USD Million)
TABLE 57 Germany asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 58 Germany asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 59 Germany asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 60 U.K. asset performance management market, 2018 - 2030 (USD Million)
TABLE 61 U.K. asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 62 U.K. asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 63 U.K. asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 64 France asset performance management market, 2018 - 2030 (USD Million)
TABLE 65 Asia Pacific asset performance management market, 2018 - 2030 (USD Million)
TABLE 66 Asia Pacific asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 67 Asia Pacific asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 68 Asia Pacific asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 69 China asset performance management market, 2018 - 2030 (USD Million)
TABLE 70 China asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 71 China asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 72 China asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 73 India asset performance management market, 2018 - 2030 (USD Million)
TABLE 74 India asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 75 India asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 76 India asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 77 Japan asset performance management market, 2018 - 2030 (USD Million)
TABLE 78 Japan asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 79 Japan asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 80 Japan asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 81 South America asset performance management market, 2018 - 2030 (USD Million)
TABLE 82 South America asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 83 South America asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 84 South America asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 85 Brazil asset performance management market, 2018 - 2030 (USD Million)
TABLE 86 Brazil asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 87 Brazil asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 88 Brazil asset performance management market, by vertical, 2018 - 2030 (USD Million)
TABLE 89 MEA asset performance management market, 2018 - 2030 (USD Million)
TABLE 90 MEA asset performance management market, by category, 2018 - 2030 (USD Million)
TABLE 91 MEA asset performance management market, by deployment, 2018 - 2030 (USD Million)
TABLE 92 MEA asset performance management market, by vertical, 2018 - 2030 (USD Million)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Global asset performance management market, 2018 - 2030 (USD Million)
FIG. 3 Asset performance management market - Value chain analysis
FIG. 4 Asset performance management market dynamics
FIG. 5 Worldwide spending on public cloud computing (in USD Million)
FIG. 6 Key commercial consideration for software contracts
FIG. 7 Asset performance management market - Porter's five forces analysis
FIG. 8 Asset performance management market - PESTEL analysis
FIG. 9 Asset performance management market, by category, 2022
FIG. 10 Asset performance management market, by deployment, 2022
FIG. 11 Asset performance management market, by vertical, 2022
FIG. 12 Asset performance management market, by region, 2022
FIG. 13 Asset performance management market - Regional takeaways
FIG. 14 North America asset performance management market - Key takeaways
FIG. 15 Europe asset performance management market - Key takeaways
FIG. 16 Asia Pacific asset performance management market - Key takeaways
FIG. 17 South America asset performance management market - Key takeaways
FIG. 18 MEA asset performance management market - Key takeaways

Asset Performance Management Market Size, Share & Trends Analysis Report By Category, By Deployment (On-premises, Hosted), By Vertical, By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Asset Performance Management Market Growth & Trends:

Asset Performance Management Market Report Highlights:

Table of Contents

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Asset Performance Management Market - Industry Outlook

Chapter 4 Asset performance management Category Outlook

Chapter 5 Asset performance management Deployment Outlook

Chapter 6 Asset performance management Vertical Outlook

Chapter 7 Asset performance management Regional Outlook

Chapter 8 Competitive Landscape

List of Tables

List of Figures