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Asset Performance Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global asset performance management market reached a value of US$ 17.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 36.88 Billion by 2027, exhibiting a CAGR of 12.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Mode, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global asset performance management market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global asset performance management market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global asset performance management market and who are the key players?
  • What is the degree of competition in the industry?

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 Figures

Figure 1: Global: Asset Performance Management Market: Major Drivers and Challenges
Figure 2: Global: Asset Performance Management Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Asset Performance Management Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Asset Performance Management Market: Breakup by Component (in %), 2021
Figure 5: Global: Asset Performance Management Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Asset Performance Management Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Asset Performance Management Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Asset Performance Management Market: Breakup by Region (in %), 2021
Figure 9: Global: Asset Performance Management (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Asset Performance Management (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Asset Performance Management (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Asset Performance Management (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Asset Performance Management (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Asset Performance Management (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Asset Performance Management (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Asset Performance Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Asset Performance Management (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Asset Performance Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Asset Performance Management (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Asset Performance Management (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Asset Performance Management (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Asset Performance Management (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Asset Performance Management (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Asset Performance Management (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Asset Performance Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Asset Performance Management (Mining and Metals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Asset Performance Management (Mining and Metals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Asset Performance Management (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Asset Performance Management (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Asset Performance Management (Chemical and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Asset Performance Management (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Asset Performance Management (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Asset Performance Management (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Asset Performance Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Asset Performance Management (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Asset Performance Management (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Asset Performance Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Asset Performance Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Asset Performance Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Asset Performance Management Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Asset Performance Management Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Asset Performance Management Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Asset Performance Management Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Asset Performance Management Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Asset Performance Management Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Asset Performance Management Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Asset Performance Management Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Asset Performance Management Market: Competitive Structure
Table 8: Global: Asset Performance Management Market: Key Players


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