Asset Performance Management Market

Asset Performance Management Market by Component (Solutions and Services), Solution (Asset Strategy Management, Asset Reliability Management, Predictive Asset Management), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2025

Report Code: TC 7630 Apr, 2020, by marketsandmarkets.com
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[147 Pages Report] MarketsandMarkets estimates the global asset performance management market size is projected to grow from USD 3.3 billion in 2020 to USD 6.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. The major factors driving the growth of the market include the rising need for risk-based maintenance, need to maximize economic return on assets, and the increasing adoption of cloud-based applications.

Asset Performance Management Market

Large enterprises segment to hold a larger market size during the forecast period

The use of traditional reactive maintenance results in higher costs, low asset availability, and lack of reliability. It has become very important for large enterprises to adopt asset performance management solutions that leverage proactive maintenance and advanced analytics. asset performance management solutions offers the large enterprises with components, such as condition-based monitoring, scenario modelling, and predictive analytics solutions to make more proactive decisions. This adoption results in reduced costs, and reduced unplanned downtime, enabling companies to focus on more business-critical assets leading to better productivity.

Predictive asset management segment to record the fastest growth rate during the forecast period

The predictive asset management segment is projected to have the fastest growing segment in the asset performance management market during the forecast period. Predictive asset management is a method of preventing asset failure by analyzing production data to identify patterns and predict issues before they occur. Predictive maintenance allows the maintenance frequency to be as low as possible to prevent unplanned reactive maintenance, without incurring costs associated with performing too many preventive maintenance activities. Predictive maintenance further offers benefits, such as minimizing the time of the equipment that is being maintained and minimizing the production hours lost to maintenance.

Asset Performance Management Market

North America to account for the largest market size during the forecast period

The global asset performance management market by region covers four major geographic regions: North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is expected to account for the largest market size during the forecast period due to the presence of economically and technologically advanced countries, such as the US and Canada, the adoption of Industry 4.0, and emerging technologies.

Key Market Players

The major players in the asset performance management market are ABB (Switzerland), SAP (Germany), GE Digital (US), IBM (US), AVEVA (UK), OSIsoft (US), Bentley Systems (US), Siemens (Germany), Oracle (US), Infor (US), AspenTech (US), DNV GL (Norway), eMaint (US), Nexus Global (US), Accruent (US), Aptean (US), Operational Sustainability (US), Rockwell Automation (US), ARMS Reliability (Australia), IPS (Germany) and Uptake Technologies (US).

The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.

Scope of the report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Million (USD)

Segments covered

Component (Solution and Services), Deployment type, Organization size, Vertical, And Region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

ABB (Switzerland), SAP (Germany), GE Digital (US), IBM (US), AVEVA (UK), OSIsoft (US), Bentley Systems (US), Siemens (Germany), Oracle (US), Infor (US), AspenTech (US), DNV GL (Norway), eMaint (US), Nexus Global (US), Accruent (US), Aptean (US), Operational Sustainability (US), Rockwell Automation (US), ARMS Reliability (Australia), IPS (Germany) and Uptake Technologies (US).

This research report categorizes the asset performance management market based on component (solution and services), deployment type, organization size, verticals, and regions.

Based on component:

  • Solutions
    • Asset Strategy Management
    • Asset Reliability Management
    • Predictive Asset Management
    • Others
  • Services
    • Professional Services
      • Implementation and Integration
      • Support and Maintenance
      • Consulting
    • Managed Services

Based on deployment type:

  • Cloud
  • On-premises

Based on organization size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Based on verticals

  • Energy and Utilities
  • Oil and Gas
  • Manufacturing
  • Mining and Metals
  • Healthcare and Life Sciences
  • Chemical and Pharmaceuticals
  • Government and Defense
  • Information Technology (IT) and Telecom
  • Food and Beverages
  • Others (Real Estate, Transport and Logistics)

Based on regions:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Rest of Europe
  • APAC
    • China
    • Rest of APAC
  • RoW
    • Middle East and Africa (MEA)
    • Latin America

Recent Developments

  • In October 2019, ABB acquired Cassantec adding an additional functionality to its portfolio by enhancing the ability to optimize asset maintenance and replacement plans. The acquisition enhanced ABB’s analytical insights into asset performance, making the asset performance management solution more valuable to customers.
  • In January 2020, AVEVA enhanced its asset performance management portfolio. It added preventive, condition-based, and predictive software capabilities enabling workforce with improved operations and maintenance, resulting into improved efficiency, safety, and reliability. AVEVA caters to various geographic regions, such as Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), and the Americas.

Key questions addressed by the report

  • What are the opportunities in the asset performance management market?
  • What is the competitive landscape in the market?
  • What are the data regulations that will impact the market?
  • What are the primary growth factors for the asset performance management market in North America?
  • What are the dynamics of the market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY CONSIDERED
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 20)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
    2.4 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
    2.5 MARKET FORECAST
    2.6 ASSUMPTIONS FOR THE STUDY
    2.7 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 28)

4 PREMIUM INSIGHTS (Page No. - 33)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE MARKET
    4.2 ASSET PERFORMANCE MANAGEMENT MARKET, BY SOLUTION (2020 VS. 2025)
    4.3 ASSET PERFORMANCE MANAGEMENT MARKET, BY VERTICAL (2020 VS. 2025)
    4.4 MARKET INVESTMENT SCENARIO

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 35)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising need for risk-based maintenance
                    5.2.1.2 Need to maximize economic return on assets
                    5.2.1.3 Increasing adoption of cloud-based applications
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of awareness with respect to cybersecurity
                    5.2.2.2 Selecting solutions that align with organizational business needs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing impact of Industry 4.0 and IIoT
                    5.2.3.2 Growing use of analytics among asset performance management solutions
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of industry expertise
                    5.2.4.2 Outbreak of pandemic/epidemic diseases
    5.3 USE CASES
           5.3.1 USE CASE 1: AMEREN ILLINOIS
           5.3.2 USE CASE 2: TATA POWER
           5.3.3 USE CASE 3: WACKER CHEMICAL CORPORATION
    5.4 COVID-19 IMPACTING THE MARKET

6 ASSET PERFORMANCE MANAGEMENT MARKET, BY COMPONENT (Page No. - 41)
    6.1 INTRODUCTION
           6.1.1 COMPONENT: MARKET DRIVERS
    6.2 SOLUTIONS
           6.2.1 ASSET STRATEGY MANAGEMENT
           6.2.2 ASSET RELIABILITY MANAGEMENT
           6.2.3 PREDICTIVE ASSET MANAGEMENT
           6.2.4 OTHERS
    6.3 SERVICES
           6.3.1 PROFESSIONAL SERVICES
                    6.3.1.1 Support and Maintenance
                    6.3.1.2 Implementation and Integration
                    6.3.1.3 Consulting
           6.3.2 MANAGED SERVICES

7 ASSET PERFORMANCE MANAGEMENT MARKET, BY DEPLOYMENT TYPE (Page No. - 52)
    7.1 INTRODUCTION
           7.1.1 DEPLOYMENT TYPE: MARKET DRIVERS
    7.2 CLOUD
    7.3 ON-PREMISES

8 ASSET PERFORMANCE MANAGEMENT MARKET, BY ORGANIZATION SIZE (Page No. - 56)
    8.1 INTRODUCTION
           8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
    8.2 SMALL AND MEDIUM-SIZED ENTERPRISES
    8.3 LARGE ENTERPRISES

9 ASSET PERFORMANCE MANAGEMENT MARKET, BY VERTICAL (Page No. - 60)
    9.1 INTRODUCTION
           9.1.1 VERTICAL: MARKET DRIVERS
    9.2 ENERGY AND UTILITIES
    9.3 OIL AND GAS
    9.4 MANUFACTURING
    9.5 MINING AND METALS
    9.6 GOVERNMENT AND DEFENSE
    9.7 CHEMICALS AND PHARMACEUTICALS
    9.8 FOOD AND BEVERAGES
    9.9 IT AND TELECOM
    9.10 HEALTHCARE AND LIFESCIENCES
    9.11 OTHER VERTICALS

10 ASSET PERFORMANCE MANAGEMENT MARKET, BY REGION (Page No. - 70)
     10.1 INTRODUCTION
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 UNITED STATES
             10.2.3 CANADA
     10.3 EUROPE
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 UNITED KINGDOM
             10.3.3 REST OF EUROPE
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 CHINA
             10.4.3 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD
             10.5.1 REST OF THE WORLD: MARKET DRIVERS

11 COMPETITIVE LANDSCAPE (Page No. - 107)
     11.1 COMPETITIVE LEADERSHIP MAPPING
             11.1.1 VISIONARY LEADERS
             11.1.2 DYNAMIC DIFFERENTIATORS
             11.1.3 INNOVATORS
             11.1.4 EMERGING COMPANIES

12 COMPANY PROFILES (Page No. - 109)
     12.1 INTRODUCTION
     12.2 ABB
(Business Overview, Solutions and Services Offered, Recent Developments, and MNM View)*
     12.3 SAP
     12.4 GE DIGITAL
     12.5 IBM
     12.6 AVEVA
     12.7 OSISOFT
     12.8 BENTLEY SYSTEMS
     12.9 SIEMENS
     12.10 ORACLE
     12.11 INFOR
     12.12 ASPENTECH
     12.13 DNV GL
     12.14 EMAINT
     12.15 NEXUS GLOBAL
     12.16 ACCRUENT
     12.17 APTEAN
     12.18 OPERATIONAL SUSTAINABILITY
     12.19 ROCKWELL AUTOMATION
     12.20 ARMS RELIABILITY
     12.21 INTELLIGENT PROCESS SOLUTIONS
     12.22 UPTAKE TECHNOLOGIES
*Details on Business Overview, Solutions and Services Offered, Recent Developments, and MNM View might not be captured in case of unlisted companies.
     12.23 RIGHT-TO-WIN

13 APPENDIX (Page No. - 140)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS


LIST OF TABLES (109 Tables)

TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2019
TABLE 2 FACTOR ANALYSIS
TABLE 3 ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 4 SOLUTIONS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 SOLUTIONS: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 6 ASSET STRATEGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 ASSET RELIABILITY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 PREDICTIVE ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 OTHERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 SERVICES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 12 PROFESSIONAL SERVICES: ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 14 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 IMPLEMENTATION AND INTEGRATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 16 CONSULTING MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 17 MANAGED SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 19 CLOUD: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 ON-PREMISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 22 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 25 ENERGY AND UTILITIES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 OIL AND GAS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 MANUFACTURING: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 28 MINING AND METALS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 GOVERNMENT AND DEFENSE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 CHEMICALS AND PHARMACEUTICALS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 FOOD AND BEVERAGES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 32 IT AND TELECOM: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 33 HEALTHCARE AND LIFESCIENCES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 34 OTHER VERTICALS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 35 ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 36 NORTH AMERICA: ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 37 NORTH AMERICA: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 38 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 39 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 40 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 41 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 42 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 43 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 44 UNITED STATES: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 45 UNITED STATES: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 46 UNITED STATES: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 47 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 48 UNITED STATES: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 49 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 50 UNITED STATES: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 51 CANADA: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 52 CANADA: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 53 CANADA: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 54 CANADA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 55 CANADA: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 56 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 57 CANADA: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 58 EUROPE: ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 59 EUROPE: MARKET SIZE, BY SOLUTION,  2018-2025 (USD MILLION)
TABLE 60 EUROPE: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 61 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 62 EUROPE: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 63 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 64 EUROPE: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 65 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 66 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 67 UNITED KINGDOM: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 68 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 69 UNITED KINGDOM: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 70 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 71 UNITED KINGDOM: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 72 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 73 REST OF EUROPE: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 74 REST OF EUROPE: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 75 REST OF EUROPE: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 76 REST OF EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 77 REST OF EUROPE: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 78 REST OF EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 79 REST OF EUROPE: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 80 ASIA PACIFIC: ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 82 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 83 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 85 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 86 ASIA PACIFIC: MARKET SIZE, BY VERTICAL 2018-2025 (USD MILLION)
TABLE 87 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 88 CHINA: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 89 CHINA: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 90 CHINA: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 91 CHINA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 92 CHINA: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 93 CHINA: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 94 CHINA: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 95 REST OF ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 96 REST OF ASIA PACIFIC: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 97 REST OF ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 98 REST OF ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 99 REST OF ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 100 REST OF ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 101 REST OF ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 102 REST OF THE WORLD: ASSET PERFORMANCE MANAGEMENT MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 103 REST OF THE WORLD: MARKET SIZE, BY SOLUTION, 2018-2025 (USD MILLION)
TABLE 104 REST OF THE WORLD: MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 105 REST OF THE WORLD: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018-2025 (USD MILLION)
TABLE 106 REST OF THE WORLD: MARKET SIZE, BY DEPLOYMENT TYPE, 2018-2025 (USD MILLION)
TABLE 107 REST OF THE WORLD: MARKET SIZE, BY ORGANIZATION SIZE, 2018-2025 (USD MILLION)
TABLE 108 REST OF THE WORLD: MARKET SIZE, BY VERTICAL, 2018-2025 (USD MILLION)
TABLE 109 EVALUATION CRITERIA
 
 
LIST OF FIGURES (36 Figures)
 
FIGURE 1 GLOBAL ASSET PERFORMANCE MANAGEMENT MARKET: RESEARCH DESIGN
FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACHES
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)  ? REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF THE ASSET PERFORMANCE MANAGEMENT MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES SOLD AND THEIR AVERAGE SELLING PRICE
FIGURE 5 ASSET PERFORMANCE MANAGEMENT MARKET SNAPSHOT, 2018–2025
FIGURE 6 SEGMENTS WITH HIGH GROWTH RATES DURING THE FORECAST PERIOD
FIGURE 7 ASSET STRATEGY MANAGEMENT SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 8 CLOUD SEGMENT TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 9 ENERGY AND UTILITIES VERTICAL TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 10 NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 11 INCREASING ADOPTION OF CLOUD-BASED APPLICATIONS TO DRIVE THE ASSET PERFORMANCE MANAGEMENT MARKET GROWTH
FIGURE 12 ASSET STRATEGY MANAGEMENT SEGMENT TO ACCOUNT FOR THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 13 ENERGY AND UTILITIES VERTICAL TO HOLD THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 14 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT FIVE YEARS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ASSET PERFORMANCE MANAGEMENT MARKET
FIGURE 16 SERVICES SEGMENT TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
FIGURE 17 CLOUD DEPLOYMENT TYPE TO HOLD A LARGER MARKET SIZE IN 2020
FIGURE 18 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 19 MANUFACTURING VERTICAL TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 20 ASIA PACIFIC TO GROW AT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
FIGURE 21 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 22 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 23 ASSET PERFORMANCE MANAGEMENT MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2020
FIGURE 24 ABB: COMPANY SNAPSHOT
FIGURE 25 ABB: SWOT ANALYSIS
FIGURE 26 SAP: COMPANY SNAPSHOT
FIGURE 27 SAP: SWOT ANALYSIS
FIGURE 28 GE DIGITAL: COMPANY SNAPSHOT
FIGURE 29 GE DIGITAL: SWOT ANALYSIS
FIGURE 30 IBM: COMPANY SNAPSHOT
FIGURE 31 IBM: SWOT ANALYSIS
FIGURE 32 AVEVA: COMPANY SNAPSHOT
FIGURE 33 AVEVA: SWOT ANALYSIS
FIGURE 34 SIEMENS: COMPANY SNAPSHOT
FIGURE 35 ORACLE: COMPANY SNAPSHOT
FIGURE 36 INFOR: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the asset performance management market. An exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Bloomberg and BusinessWeek, have been referred for, to identify and collect information for this study. The secondary sources included annual reports; press releases; and investor presentations of companies, white papers, and journals; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Vice Presidents (VPs), Managing Directors (MDs), technology and innovation directors, and related key executives from various key companies and organizations operating in the asset performance management market along with the associated service providers, and System Integrators (SIs) operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Following is the breakup of primary respondents:

Asset Performance Management Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

For making market estimates and forecasting the asset performance management market, and other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The market size, in terms of value, has been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall asset performance management market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the asset performance management market by component (solution and services), deployment type, organization size, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the market with respect to individual growth trends, prospects, and contributions to the market
  • To forecast the market size of four main regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
  • To analyze the competitive developments, such as new product launches and product enhancements, partnerships, collaborations, and acquisitions

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players up to 5

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 7630
Published ON
Apr, 2020
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