Global Industrial Asset Management Software Market Overview:
Asset management software is highly adopted by the industrial sector. With the rapid growth in the industrial sector, this market is having huge growth potential in the coming years. The major trend in this industry in the high availability of cloud-based services across the globe. With the emergence of cloud-based infrastructure is driving the new technologies market. Some of the key players profiled in the study are ABB (Switzerland), AVEVA Group Plc (United Kingdom), Siemens PLM Software (United States), AssetInfinity (India), IAMTech (United Kingdom), Infor (United States), Microsoft Corporation (United States), SAP SE (Germany), Oracle Corporation (United States) and Rockwell Automation (United States).
On the basis of geography, the market of Industrial Asset Management Software has been segmented into . If we see Market by Industry Verticals, the sub-segment i.e. Manufacturing will boost the Industrial Asset Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organization will boost the Industrial Asset Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand from the Manufacturing and Oil & Gas
- High Investment in Research & Development
- Growing Demand from the Asia Pacific
- High Adoption of Cloud-Based Services
- Lack of Awareness in Underdevelopment Regions
- Development in Industrialization
- Rising Concern Related to Concern
Major Market Developments:
In 2019, Siemens and Bentley Systems announced the partnership to deliver industrial asset management software. Through this partnership, they bring high-level expertise and industry solution to overcome increasing complexity in the industrial sector.
There are various companies are operating in this market, those are highly exploring the market in new geographical regions by adopting various business growth strategies such as mergers & acquisitions, expansions, investments, new service launches and many more. The market-dominant players are exploring new areas with the expansions and acquisitions of new technology innovative market entrants.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Industrial Asset Management Software Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Industrial Asset Management Software market on the basis of product [Asset Reliability Services, Inventory Management, Parts management agreement and Others] , application [Managed Service, Training & Support Service and Implementation Service], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Industrial Asset Management Software market with respect to major geographies, namely,
To strategically profile the key players and analyzing their market shares and core competencies in the Industrial Asset Management Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Aptean (United States), NEXGEN (United States) and AssetInfinity (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Industrial Asset Management Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.