Market Research Report
Asset Performance Management (APM) Market 2019-2025
|Asset Performance Management (APM) Market 2019-2025|
Published: May 12, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Asset Performance Management (APM) Market Size, Share & Trends Analysis Report by Deployment (Cloud-based and On-Premises ), By Industry (BFSI, Energy & Utilities, Healthcare, Government, IT & Telecom and Others) and Forecast 2019-2025
The global APM market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the rising demand of cloud based APM solutions in various sector including BFSI, IT & telecom, energy & utilities and others. Other factors that increase the adoption rate include the aging infrastructure administration, the growing adoption of asset tracking along with the improved results in terms of the returns on assets (RoA). APM offers a wide range of properties for tracking, managing, and getting insights into asset performance and costs via asset lifecycle.The digitization of several verticals creates scope for the organizations to optimize the relationship with customers. Asset-intensive organizations are centered on making investments in the latest technologies to radically transform and enhance operational processes that further provide substantial opportunity to the market growth.
The global APM market is segmented on the basis of deployment and industry. Based on the deployment, the market is further classified into cloud based and on-premises. The on premises segment is projected to have a considerable share in the global market.Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise APM solutions as this solution is more customizable as compared to cloud-based APM, thus, it fulfills the requirements of all end-users. Based on the industry, the global APM market is further segmented into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and othersl. The IT & telecom segment estimated to grow at a considerable CAGR during the forecast period due to the growing demand of smart homes coupled rising urbanization. Based on geography, the global APM market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region North America projected to have a considerable share in the global APM market.
The companies which are contributing to the growth of the global APM market include ABB Ltd., General Electric Co., IBM Corp., SAP SE, Bentley Systems, Inc., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
The market study of the global APM market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report is intended for APM providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
The Report Covers: