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PUBLISHER: IMARC | PRODUCT CODE: 1207059
PUBLISHER: IMARC | PRODUCT CODE: 1207059
Asset Performance Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global asset performance management market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.4 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.
Asset performance management (APM) relies on pattern recognition, artificial intelligence (AI), machine learning (ML), and data capture, integration, visualization and analytics for improving the reliability and availability of physical assets. It assists in reducing unplanned downtime, maintenance costs, the total cost of ownership (TCO) for assets, plants, and environment, health, and safety (EH&S) threats. It also helps optimize asset performance, increase return on assets (ROA), and improve visibility of operations. As a result, APM finds extensive applications in the manufacturing, healthcare, information technology (IT), and telecommunications industries around the world.
Asset Performance Management Market Trends:
- The rising digital transformation of different industry verticals presently represents one of the key factors propelling the growth of the market. Besides this, businesses operating in the food and beverage (F&B) industry face numerous challenges in executing different production processes, maintaining various systems and equipment, and managing the supply chain, prices, and availability of incoming raw materials. Consequently, APM solutions are increasingly being utilized as they aid in empowering the workforce and improving the overall equipment effectiveness (OEE). Moreover, these solutions enable businesses to evaluate financial risks and reward different asset investment and management strategies. In addition, APM solutions help assure that assets have the required capability for optimal operating performance to meet the dynamic business and production goals. These product benefits are strengthening the growth of the market. Apart from this, numerous asset-intensive businesses, particularly in the chemical, mining, oil and gas, and power and utility industries, are employing industrial internet of things (IIoT) and cognitive technologies to help enhance equipment reliability. This is offering lucrative growth opportunities to leading players operating in the industry.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global asset performance management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, organization size and industry vertical.
Breakup by Component:
- Solution
- Service
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- Energy and Utilities
- Oil and Gas
- Manufacturing
- Mining and Metals
- Healthcare and Life Sciences
- Chemical and Pharmaceuticals
- Government and Defense
- IT and Telecom
- Food and Beverages
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Aspen Technology Inc., AVEVA Group plc, Bentley Systems Incorporated, Detechtion Technologies, DNV GL, GE Digital (General Electric Company), International Business Machines Corporation, Oracle Corporation, Rockwell Automation Inc., SAP SE, Sas Institute Inc., Schneider Electric SE and Siemens Energy AG.
Key Questions Answered in This Report:
- 1. What was the size of the global asset performance management market in 2022?
- 2. What is the expected growth rate of the global asset performance management market during 2023-2028?
- 3. What are the key factors driving the global asset performance management market?
- 4. What has been the impact of COVID-19 on the global asset performance management market?
- 5. What is the breakup of the global asset performance management market based on the component?
- 6. What is the breakup of the global asset performance management market based on deployment mode?
- 7. What is the breakup of the global asset performance management market based on the organization size?
- 8. What is the breakup of the global asset performance management market based on the industry vertical?
- 9. What are the key regions in the global asset performance management market?
- 10. Who are the key players/companies in the global asset performance management market?
Product Code: SR1323A531_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Asset Performance Management Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Mode
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Organization Size
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 Energy and Utilities
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Oil and Gas
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Manufacturing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Mining and Metals
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Healthcare and Life Sciences
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Chemical and Pharmaceuticals
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Government and Defense
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 IT and Telecom
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 9.9 Food and Beverages
- 9.9.1 Market Trends
- 9.9.2 Market Forecast
- 9.10 Others
- 9.10.1 Market Trends
- 9.10.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ABB Ltd
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Aspen Technology Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 AVEVA Group plc
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Bentley Systems Incorporated
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Detechtion Technologies
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 DNV GL
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 GE Digital (General Electric Company)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 International Business Machines Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Oracle Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Rockwell Automation Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 SAP SE
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Sas Institute Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 SWOT Analysis
- 15.3.13 Schneider Electric SE
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.14 Siemens Energy AG
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.1 ABB Ltd
Product Code: SR1323A531_Report
List of Figures
- Figure 1: Global: Asset Performance Management Market: Major Drivers and Challenges
- Figure 2: Global: Asset Performance Management Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Asset Performance Management Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Asset Performance Management Market: Breakup by Component (in %), 2022
- Figure 5: Global: Asset Performance Management Market: Breakup by Deployment Mode (in %), 2022
- Figure 6: Global: Asset Performance Management Market: Breakup by Organization Size (in %), 2022
- Figure 7: Global: Asset Performance Management Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: Asset Performance Management Market: Breakup by Region (in %), 2022
- Figure 9: Global: Asset Performance Management (Solution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Asset Performance Management (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Asset Performance Management (Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Asset Performance Management (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Asset Performance Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Asset Performance Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Asset Performance Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Asset Performance Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Asset Performance Management (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Asset Performance Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Asset Performance Management (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Asset Performance Management (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Asset Performance Management (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Asset Performance Management (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Asset Performance Management (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Asset Performance Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Asset Performance Management (Mining and Metals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Asset Performance Management (Mining and Metals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Asset Performance Management (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Asset Performance Management (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Asset Performance Management (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Asset Performance Management (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Asset Performance Management (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Asset Performance Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Asset Performance Management (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Asset Performance Management (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Asset Performance Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Asset Performance Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: North America: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: North America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United States: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United States: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Canada: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Canada: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Asia-Pacific: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Asia-Pacific: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: China: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: China: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Japan: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Japan: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: India: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: India: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: South Korea: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: South Korea: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Australia: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Australia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Indonesia: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Indonesia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Europe: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Europe: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Germany: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Germany: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: France: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: France: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: United Kingdom: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: United Kingdom: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Italy: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Italy: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Spain: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Spain: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Russia: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Russia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Latin America: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Latin America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Brazil: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Brazil: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Mexico: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Mexico: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Others: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Middle East and Africa: Asset Performance Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Middle East and Africa: Asset Performance Management Market: Breakup by Country (in %), 2022
- Figure 89: Middle East and Africa: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Global: Asset Performance Management Industry: SWOT Analysis
- Figure 91: Global: Asset Performance Management Industry: Value Chain Analysis
- Figure 92: Global: Asset Performance Management Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Asset Performance Management Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Asset Performance Management Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Asset Performance Management Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 4: Global: Asset Performance Management Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
- Table 5: Global: Asset Performance Management Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: Asset Performance Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Asset Performance Management Market: Competitive Structure
- Table 8: Global: Asset Performance Management Market: Key Players
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