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Asset Performance Management Market Report by Component (Solution, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), 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, and Others), and Region 2024-2032

April 2024 | 136 pages | ID: A4784C0A5DF1EN
IMARC Group

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The global asset performance management market size reached US$ 22.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032.

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 levels from 2024-2032. 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 2023?
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?
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
10.2 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
10.3 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
10.4 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
10.5 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

LIST OF TABLES

Table 1: Global: Asset Performance Management Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Asset Performance Management Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Asset Performance Management Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Asset Performance Management Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Asset Performance Management Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Asset Performance Management Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Asset Performance Management Market: Competitive Structure
Table 8: Global: Asset Performance Management Market: Key Players

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$), 2018-2023
Figure 3: Global: Asset Performance Management Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Asset Performance Management Market: Breakup by Component (in %), 2023
Figure 5: Global: Asset Performance Management Market: Breakup by Deployment Mode (in %), 2023
Figure 6: Global: Asset Performance Management Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Asset Performance Management Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Asset Performance Management Market: Breakup by Region (in %), 2023
Figure 9: Global: Asset Performance Management (Solution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Asset Performance Management (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Asset Performance Management (Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Asset Performance Management (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Asset Performance Management (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Asset Performance Management (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Asset Performance Management (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Asset Performance Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Asset Performance Management (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Asset Performance Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Asset Performance Management (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Asset Performance Management (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Asset Performance Management (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Asset Performance Management (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Asset Performance Management (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Asset Performance Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Asset Performance Management (Mining and Metals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Asset Performance Management (Mining and Metals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Asset Performance Management (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Asset Performance Management (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Asset Performance Management (Government and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Asset Performance Management (Government and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Asset Performance Management (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Asset Performance Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Asset Performance Management (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Asset Performance Management (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Asset Performance Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Asset Performance Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: North America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United States: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United States: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Canada: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Canada: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Asia-Pacific: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Asia-Pacific: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: China: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: China: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Japan: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Japan: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: India: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: India: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: South Korea: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: South Korea: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Australia: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Australia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Indonesia: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Indonesia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Europe: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Europe: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Germany: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Germany: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: France: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: France: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: United Kingdom: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: United Kingdom: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Italy: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Italy: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Spain: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Spain: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Russia: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Russia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Latin America: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Latin America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Brazil: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Brazil: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Mexico: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Mexico: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Middle East and Africa: Asset Performance Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Middle East and Africa: Asset Performance Management Market: Breakup by Country (in %), 2023
Figure 89: Middle East and Africa: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2024-2032
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


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