Global Asset Performance Management (APM) Market Overview:
Asset performance management (APM), a proven approach to improve reliability, decrease the maintenance cost and minimizing risk & operating cost. In the upcoming years, new construction and infrastructure projects in various industry such as oil & gas, healthcare, aerospace & defense and transportation sector are expected to fuel the demand for APM solution worldwide. These projects needs solutions includes inventory tracking, asset management and improved work efficiency.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Need of Tracking Ability of Assets in an Organization
Market Growth Drivers:
Increased Asset Life of Aging Infrastructure and Reduced Maintenance and Procurement Costs
Challenges:
Consistently Changes and Upgradation of Technology and Lack of Skilled & Expertise Professionals
Restraints:
High Deployment Cost for Small & Medium Enterprises
Opportunities:
Increasing Deployment of Cloud-Based Solutions among Various Industry
Competitive Landscape:
Some of the key players profiled in the report are ABB Ltd. (Switzerland), CGI Group Inc. (United States), Dude Solutions, Inc. (United States), eMaint (United States), IBM Corporation (United States), IFS AB (Sweden), Infor (United States), Oracle Corporation (United States), Ramco Systems (India), SAP SE (Germany) and Schneider Electric SA (France). Additionally, following companies can also be profiled that are part of our coverage like Vesta Partners, LLC (United States), Prevas AB (Sweden) and General Electric Co. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Asset Performance Management (APM) market by 2030.
Considering Market by , the sub-segment i.e. will boost the Asset Performance Management (APM) market.Latest Market Insights:
In May 2021, Dude Solutions acquired the strategic asset management firm Assetic. Assetic experts helped professional asset managers evaluate, plan and prioritize capital investment projects. Assetic is the only cloud-based asset management provider with advanced predictive modeling capabilities that ease infrastructure maintenance, extending asset life and reducing maintenance and renewal costs.
In March 2021, industrial cloud company Infor, a leading resource management, recycling and energy recovery company, deployed Infor EAM to enhance asset performance management. It is already resident at its main facility in London's Belvedere, with a transit station and other business units to follow. The platform is set up to optimize organization, coordination and intelligence surrounding maintenance planning and related inventory.
What Can be Explored with the Asset Performance Management (APM) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Asset Performance Management (APM) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Asset Performance Management (APM)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Asset Performance Management (APM) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Asset Performance Management (APM) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Support and Maintenance Service Providers, Implementation Service Providers, Training and Education Service Providers, Energy and Utilities Companies, System Design and Development Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.