Asset Performance Management (APM) Market Size, Share, Sales, Analysis, Forecast By Component (Solution, and Services), By Deployment (Cloud, and On-premise), By Organization Size (Large Enterprise, and Small and Medium Enterprise (SME)), By End-use Industry (Oil & Gas, Energy & Utility, Chemicals, Manufacturing, Pharmaceuticals, Food & Beverages, Metal & Mining, Healthcare, Aerospace & Defense, IT & Telecommunication, and Others), By Geography, Industry Competition & Player Profiles, 2023 – 2032
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 (2022)
The report titled “Asset Performance Management (APM) Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 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
- Solution
- Services
By Deployment
- Cloud
- On-premise
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
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Asset Performance Management Market
- Global Asset Performance Management Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Asset Performance Management Market Analysis and Forecast, by Offering
- Overview and definitions
- Key segment analysis
- Global Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- Software
- Global Asset Performance Management Market Analysis and Forecast, by Deployment
- Overview and definitions
- Key segment analysis
- Global Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- Global Asset Performance Management Market Analysis and Forecast, by End Use Industry
- Overview and definitions
- Key segment analysis
- Global Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- Global Asset Performance Management Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Asset Performance Management Market Size Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Global Asset Performance Management Total Addressable Market Size (US$ Mn), by End Use Industry
- Oil & Gas
- Petrochemical
- Paper & Pulp
- North America Asset Performance Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- North America Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- North America Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- North America Asset Performance Management Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Software
- Europe Asset Performance Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- Europe Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- Europe Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- Europe Asset Performance Management Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Software
- Asia Pacific Asset Performance Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- Asia Pacific Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- Asia Pacific Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- Asia Pacific Asset Performance Management Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Software
- Middle East & Africa Asset Performance Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- Middle East & Africa Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- Middle East & Africa Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- Middle East & Africa Asset Performance Management Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- Rest of Middle East
- Software
- South America Asset Performance Management Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Asset Performance Management Market Size Estimates (US$ Mn), by Offering, 2019 – 2032
- Software
- Data Management Software
- Predictive Asset Analytics Tools
- Enterprise Asset Management Software
- Pattern Recognition Software
- Services
- Professional services
- Installation & Deployment
- Consulting
- Maintenance & Support
- Managed services
- Professional services
- South America Asset Performance Management Market Size Estimates (US$ Mn), by Deployment, 2019 – 2032
- Cloud based
- On-premise
- South America Asset Performance Management Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Oil & gas
- Manufacturing
- Energy & Utility
- Healthcare
- IT & Telecom
- Petrochemical
- Others
- South America Asset Performance Management Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Software
- Competition Analysis – Asset Performance Management Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Hitachi ABB Power Grids
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Aspen Technology, Inc.
- AVEVA Group plc
- BENTLEY SYSTEMS, INCORPORATED
- DNV GL
- General Electric
- IBM Corporation
- Infor
- Oracle
- OSIsoft
- Rockwell Automation, Inc.
- SAP SE
- SAS Institute Inc.
- Siemens
- Uptake Technologies Inc.
- Hitachi ABB Power Grids
- Conclusion & Recommendations
Frequently asked questions about this report
How can I get a sample report for the Asset Performance Management (APM) market?
The sample report for the Asset Performance Management (APM) Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
What are the top players active in the Asset Performance Management (APM) Market?
The major active players are 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..
What are the end-use segments in the Asset Performance Management (APM) market?
The end-use segments in Asset Performance Management (APM) market are Oil & Gas, Energy & Utility, Chemicals Manufacturing, Pharmaceuticals, Food & Beverages, Metal & Mining, Healthcare, Aerospace & Defense, IT & Telecommunication and Others.
Which region is contributing significantly to the global Asset Performance Management (APM) Market?
North America is the principal contributor to the global Asset Performance Management (APM) market.