The Global Asset Performance Management Market size was estimated to be US$ 14.4 billion in 2019. Increasing investment in development of smart industrial solutions, expanding manufacturing and process industries across the globe, and rising penetration of advanced analytics solution across industrial applications are major factors contributing towards the growth of global asset performance management market. Asset performance management (APM) is an essential tool in monitoring, maintaining and improving reliability and availability of physical assets for optimized operational performance. The asset performance management solutions facilitate information sharing and application integration between maintenance and operations. It primarily focuses on predictive maintenance, condition monitoring, reliability-centered maintenance and asset integrity management with the help of advanced technologies such as asset health data collection, analytics and visualization. It helps in optimizing the production process by predicting potential failures before their occurrence.
Increased investment in Smart Factory, Industrial Internet of Things (IIoT) and Industry 4.0 is anticipated to fuel the adoption of advanced analytics tools to predict and prevent asset failures in order to optimize production lead time and improve safety of critical assets. This is anticipated to contribute towards the growth of global asset performance management market in coming years.
North America contributed the largest share to the global asset performance management market in 2019 owing to the presence of leading solution developers and increased investment in advanced industrial solutions. The demand for advanced analytic solutions has increased significantly across the United States owing to proliferation of Smart Factory and Industrial Internet of Things across several end use industries. Development and early adoption of advanced industrial solutions across the region is anticipated to drive the growth of the North America asset performance management market during forecast period. Asia Pacific is anticipated to be the fastest growing segment during the forecast period owing to increased investment in adoption of advanced industrial solutions and expansion of multiple end use industries across major countries in East Asia.
Asset Performance Management (APM) Market Share Analysis, by Geography (2021)
The report titled “Asset Performance Management (APM) Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Asset Performance Management (APM) market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global asset performance management (APM) market is segmented on the basis of component, deployment, organization size, end use industry, and geography. Based on component, the global asset performance management market is segmented into solution and services. The asset performance management solutions are further sub-segmented into asset strategy management, asset reliability management, predictive asset management, and others. The asset performance management services are further sub-segmented into professional services (implementation and integration, support and maintenance, and consulting) and managed services. Based on deployment, the global asset performance management market is segmented into cloud and on-premise. Based on organization size, the global asset performance management market is segmented into large enterprise and small and medium enterprise (SME). Based on end use industry, the global asset performance management market is segmented into oil & gas, energy & utility, chemicals, manufacturing, pharmaceuticals, food & beverages, metal & mining, healthcare, aerospace & defense, IT & telecommunication, and others. Based on geography, the global Asset Performance Management (APM) market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on asset performance management. Further, market share of prominent companies in the global asset performance management market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the asset performance management companies.
The global asset performance management market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the asset performance management business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global asset performance management market.
Major players active in the global asset performance management market include ABB, Aspen Technology, Inc., AVEVA Group plc, BENTLEY SYSTEMS, INCORPORATED, DNV GL AS, General Electric, IBM Corporation, Infor, Oracle, OSIsoft, Rockwell Automation, Inc., SAP SE, SAS Institute Inc., Siemens, and Uptake Technologies Inc.
Asset Performance Management Market Segmentation:
By Component
By Deployment
By Organization Size
- Large Enterprise
- Small and Medium Enterprise
By End-use Industry
- Oil & Gas
- Energy & Utility
- Chemicals
- Manufacturing
- Pharmaceuticals
- Food & Beverages
- Metal & Mining
- Healthcare
- Aerospace & Defense
- IT & Telecommunication
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
1. Introduction 1.1. Research Objectives 1.2. Report Assumptions 1.3. Research Methodology 1.4. Abbreviations 2. Preface 2.1. Market Definition 2.2. Report Scope and Market Segmentation 2.3. Research Highlights 3. Market Synopsis: Global Asset Performance Management Market 4. Global Asset Performance Management Market Qualitative Analysis 4.1. Ecosystem Analysis 4.1.1. Role of participants 4.1.2. Integration scenario 4.2. Trends 4.2.1. Market trends 4.2.2. Technology Trends 4.3. PESTEL Analysis (For 5 prominent countries) 4.4. Market Influencers 4.4.1. Driving Forces 4.4.2. Hindering Forces 4.4.3. Opportunities 4.5. Rules & Regulations 5. Global Asset Performance Management Market Analysis and Forecast, by Component 5.1. Overview and definitions 5.2. Key segment analysis 5.3. Global Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 5.3.1. Solution 5.3.1.1. Asset strategy management 5.3.1.2. Asset reliability management 5.3.1.3. Predictive asset management 5.3.1.4. Others 5.3.2. Services 5.3.2.1. Professional services 5.3.2.2. Managed services 6. Global Asset Performance Management Market Analysis and Forecast, by Deployment 6.1. Overview and definitions 6.2. Key segment analysis 6.3. Global Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 6.3.1. Cloud based 6.3.2. On-premise 7. Global Asset Performance Management Market Analysis and Forecast, by Enterprise Size 7.1. Overview and definitions 7.2. Key segment analysis 7.3. Global Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 7.3.1. Small and Medium Sized enterprise 7.3.2. Large size enterprise 8. Global Asset Performance Management Market Analysis and Forecast, by End Use Industry 8.1. Overview and definitions 8.2. Key segment analysis 8.3. Global Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 8.3.1. Oil & gas 8.3.2. Energy & utility 8.3.3. Chemicals 8.3.4. Manufacturing 8.3.5. Pharmaceuticals 8.3.6. Food & beverages 8.3.7. Metal & mining 8.3.8. Healthcare 8.3.9. Aerospace & defense 8.3.10. IT & telecommunication 8.3.11. Others 9. Global Asset Performance Management Market Analysis and Forecast, by Region 9.1. Overview and definitions 9.2. Key segment analysis 9.3. Global Asset Performance Management Market Estimates (US$ Mn), by Region, 2018 – 2030 9.3.1. North America 9.3.2. Europe 9.3.3. Asia Pacific 9.3.4. Middle East & Africa 9.3.5. South America 10. North America Asset Performance Management Market Analysis and Forecast 10.1. Overview and definitions 10.2. Key segment analysis 10.3. North America Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 10.3.1. Solution 10.3.1.1. Asset strategy management 10.3.1.2. Asset reliability management 10.3.1.3. Predictive asset management 10.3.1.4. Others 10.3.2. Services 10.3.2.1. Professional services 10.3.3. Managed services 10.4. North America Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 10.4.1. Cloud based 10.4.2. On-premise 10.5. North America Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 10.5.1. Small and Medium Sized enterprise 10.5.2. Large size enterprise 10.6. North America Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 10.6.1. Oil & gas 10.6.2. Energy & utility 10.6.3. Chemicals 10.6.4. Manufacturing 10.6.5. Pharmaceuticals 10.6.6. Food & beverages 10.6.7. Metal & mining 10.6.8. Healthcare 10.6.9. Aerospace & defense 10.6.10. IT & telecommunication 10.6.11. Others 10.7. North America Asset Performance Management Market Estimates (US$ Mn), Country, 2018 – 2030 10.7.1. The U.S. 10.7.2. Canada 10.7.3. Rest of North America 11. Europe Asset Performance Management Market Analysis and Forecast 11.1. Overview and definitions 11.2. Key segment analysis 11.3. Europe Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 11.3.1. Solution 11.3.1.1. Asset strategy management 11.3.1.2. Asset reliability management 11.3.1.3. Predictive asset management 11.3.1.4. Others 11.3.2. Services 11.3.2.1. Professional services 11.3.3. Managed services 11.4. Europe Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 11.4.1. Cloud based 11.4.2. On-premise 11.5. Europe Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 11.5.1. Small and Medium Sized enterprise 11.5.2. Large size enterprise 11.6. Europe Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 11.6.1. Oil & gas 11.6.2. Energy & utility 11.6.3. Chemicals 11.6.4. Manufacturing 11.6.5. Pharmaceuticals 11.6.6. Food & beverages 11.6.7. Metal & mining 11.6.8. Healthcare 11.6.9. Aerospace & defense 11.6.10. IT & telecommunication 11.6.11. Others 11.7. Europe Asset Performance Management Market Estimates (US$ Mn), Country, 2018 – 2030 11.7.1. Germany 11.7.2. United Kingdom 11.7.3. Belgium 11.7.4. Spain 11.7.5. Rest of Europe 12. Asia Pacific Asset Performance Management Market Analysis and Forecast 12.1. Overview and definitions 12.2. Key segment analysis 12.3. Asia Pacific Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 12.3.1. Solution 12.3.1.1. Asset strategy management 12.3.1.2. Asset reliability management 12.3.1.3. Predictive asset management 12.3.1.4. Others 12.3.2. Services 12.3.2.1. Professional services 12.3.3. Managed services 12.4. Asia Pacific Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 12.4.1. Cloud based 12.4.2. On-premise 12.5. Asia Pacific Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 12.5.1. Small and Medium Sized enterprise 12.5.2. Large size enterprise 12.6. Asia Pacific Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 12.6.1. Oil & gas 12.6.2. Energy & utility 12.6.3. Chemicals 12.6.4. Manufacturing 12.6.5. Pharmaceuticals 12.6.6. Food & beverages 12.6.7. Metal & mining 12.6.8. Healthcare 12.6.9. Aerospace & defense 12.6.10. IT & telecommunication 12.6.11. Others 12.7. Asia Pacific Asset Performance Management Market Estimates (US$ Mn), Country, 2018 – 2030 12.7.1. Japan 12.7.2. India 12.7.3. China 12.7.4. Australia 12.7.5. Rest of Asia Pacific 13. Middle East & Africa Asset Performance Management Market Analysis and Forecast 13.1. Overview and definitions 13.2. Key segment analysis 13.3. Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 13.3.1. Solution 13.3.1.1. Asset strategy management 13.3.1.2. Asset reliability management 13.3.1.3. Predictive asset management 13.3.1.4. Others 13.3.2. Services 13.3.2.1. Professional services 13.3.3. Managed services 13.4. Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 13.4.1. Cloud based 13.4.2. On-premise 13.5. Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 13.5.1. Small and Medium Sized enterprise 13.5.2. Large size enterprise 13.6. Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 13.6.1. Oil & gas 13.6.2. Energy & utility 13.6.3. Chemicals 13.6.4. Manufacturing 13.6.5. Pharmaceuticals 13.6.6. Food & beverages 13.6.7. Metal & mining 13.6.8. Healthcare 13.6.9. Aerospace & defense 13.6.10. IT & telecommunication 13.6.11. Others 13.7. Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), Country, 2018 – 2030 13.7.1. Saudi Arabia 13.7.2. UAE 13.7.3. Rest of Middle East 14. South America Asset Performance Management Market Analysis and Forecast 14.1. Overview and definitions 14.2. Key segment analysis 14.3. South America Asset Performance Management Market Estimates (US$ Mn), by Component, 2018 – 2030 14.3.1. Solution 14.3.1.1. Asset strategy management 14.3.1.2. Asset reliability management 14.3.1.3. Predictive asset management 14.3.1.4. Others 14.3.2. Services 14.3.2.1. Professional services 14.3.3. Managed services 14.4. South America Asset Performance Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 14.4.1. Cloud based 14.4.2. On-premise 14.5. South America Asset Performance Management Market Estimates (US$ Mn), by Enterprise Size, 2018 – 2030 14.5.1. Small and Medium Sized enterprise 14.5.2. Large size enterprise 14.6. South America Asset Performance Management Market Estimates (US$ Mn), by End Use Industry, 2018 – 2030 14.6.1. Oil & gas 14.6.2. Energy & utility 14.6.3. Chemicals 14.6.4. Manufacturing 14.6.5. Pharmaceuticals 14.6.6. Food & beverages 14.6.7. Metal & mining 14.6.8. Healthcare 14.6.9. Aerospace & defense 14.6.10. IT & telecommunication 14.6.11. Others 14.7. South America Asset Performance Management Market Estimates (US$ Mn), Country, 2018 – 2030 14.7.1. Brazil 14.7.2. Rest of South America 15. Competition Analysis – Asset Performance Management Market 15.1. Market Composition 15.2. Market Share Analysis (%), by Supplier (2019) 15.3. Company Profiles 15.3.1. ABB 15.3.1.1. Business overview 15.3.1.2. Management 15.3.1.3. Geographic presence 15.3.1.4. Product portfolio 15.3.1.5. Financial facts 15.3.1.6. Channel partners 15.3.1.7. Relevant news and strategic view 15.3.2. Aspen Technology, Inc. 15.3.3. AVEVA Group plc 15.3.4. BENTLEY SYSTEMS, INCORPORATED 15.3.5. DNV GL 15.3.6. General Electric 15.3.7. IBM Corporation 15.3.8. Infor 15.3.9. Oracle 15.3.10. OSIsoft 15.3.11. Rockwell Automation, Inc. 15.3.12. SAP SE 15.3.13. SAS Institute Inc. 15.3.14. Siemens 15.3.15. Uptake Technologies Inc. 16. Conclusion & Recommendations
