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Asset Performance Management (APM)-Global Market Insights and Sales Trends 2024
Synopsis
Asset Performance Management (APM) is a concept that refers to the use of software, data, and analytics to optimize the performance, efficiency, and reliability of physical assets, such as machines, equipment, and infrastructure. APM aims to reduce the operational costs, risks, and downtime of assets, as well as to improve their quality, safety, and productivity. APM involves various processes and activities, such as asset monitoring, diagnosis, prediction, prescription, optimization, and maintenance .
The global Asset Performance Management (APM) market size is expected to reach US$ 8315.3 million by 2029, growing at a CAGR of 12.1% from 2023 to 2029. The market is mainly driven by the significant applications of Asset Performance Management (APM) in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Asset Performance Management (APM) market. Asset Integrity Management, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Asset Reliability Management segment is estimated at % CAGR for the next seven-year period.
The industry trend of APM is expected to be positive, as the global market is projected to grow at a CAGR of 10.1% from 2020 to 2025. The main factors driving the market growth are the increasing demand for APM in various sectors, such as manufacturing, energy, transportation, and utilities, the rising adoption of cloud computing, artificial intelligence, and internet of things (IoT) technologies, and the growing innovation and research in APM applications. Some of the key applications of APM in the manufacturing sector include production planning, quality control, and predictive maintenance. APM can help improve the productivity, quality, and sustainability of manufacturing processes . In the energy sector, APM is used for power generation, transmission, distribution, and consumption. APM can help enhance the efficiency, reliability, and security of energy systems . In the transportation sector, APM is used for vehicle operation, maintenance, and optimization. APM can help reduce the cost, risk, and environmental impact of transportation systems . In the utilities sector, APM is used for water supply, wastewater treatment, and waste management. APM can help improve the livability, safety, and resilience of urban systems .
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Asset Performance Management (APM), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Asset Performance Management (APM) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Asset Performance Management (APM) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Asset Performance Management (APM) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Asset Performance Management (APM) covered in this report include GE, Schneider Electric, ARC Advisory Group, Bentley Systems, AspenTech, ABB, Nexus Global, SAP and IBM, etc.
The global Asset Performance Management (APM) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GE
Schneider Electric
ARC Advisory Group
Bentley Systems
AspenTech
ABB
Nexus Global
SAP
IBM
UpKeep
Aveva
Siemens
Infor
Oracle
Global Asset Performance Management (APM) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Asset Performance Management (APM) market, Segment by Type:
Asset Integrity Management
Asset Reliability Management
Global Asset Performance Management (APM) market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Asset Performance Management (APM) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Asset Performance Management (APM) is a concept that refers to the use of software, data, and analytics to optimize the performance, efficiency, and reliability of physical assets, such as machines, equipment, and infrastructure. APM aims to reduce the operational costs, risks, and downtime of assets, as well as to improve their quality, safety, and productivity. APM involves various processes and activities, such as asset monitoring, diagnosis, prediction, prescription, optimization, and maintenance .
The global Asset Performance Management (APM) market size is expected to reach US$ 8315.3 million by 2029, growing at a CAGR of 12.1% from 2023 to 2029. The market is mainly driven by the significant applications of Asset Performance Management (APM) in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Asset Performance Management (APM) market. Asset Integrity Management, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Asset Reliability Management segment is estimated at % CAGR for the next seven-year period.
The industry trend of APM is expected to be positive, as the global market is projected to grow at a CAGR of 10.1% from 2020 to 2025. The main factors driving the market growth are the increasing demand for APM in various sectors, such as manufacturing, energy, transportation, and utilities, the rising adoption of cloud computing, artificial intelligence, and internet of things (IoT) technologies, and the growing innovation and research in APM applications. Some of the key applications of APM in the manufacturing sector include production planning, quality control, and predictive maintenance. APM can help improve the productivity, quality, and sustainability of manufacturing processes . In the energy sector, APM is used for power generation, transmission, distribution, and consumption. APM can help enhance the efficiency, reliability, and security of energy systems . In the transportation sector, APM is used for vehicle operation, maintenance, and optimization. APM can help reduce the cost, risk, and environmental impact of transportation systems . In the utilities sector, APM is used for water supply, wastewater treatment, and waste management. APM can help improve the livability, safety, and resilience of urban systems .
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Asset Performance Management (APM), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Asset Performance Management (APM) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Asset Performance Management (APM) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Asset Performance Management (APM) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Asset Performance Management (APM) covered in this report include GE, Schneider Electric, ARC Advisory Group, Bentley Systems, AspenTech, ABB, Nexus Global, SAP and IBM, etc.
The global Asset Performance Management (APM) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
GE
Schneider Electric
ARC Advisory Group
Bentley Systems
AspenTech
ABB
Nexus Global
SAP
IBM
UpKeep
Aveva
Siemens
Infor
Oracle
Global Asset Performance Management (APM) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Asset Performance Management (APM) market, Segment by Type:
Asset Integrity Management
Asset Reliability Management
Global Asset Performance Management (APM) market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Asset Performance Management (APM) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Asset Performance Management (APM)
1.1 Asset Performance Management (APM) Market Overview
1.1.1 Asset Performance Management (APM) Product Scope
1.1.2 Asset Performance Management (APM) Market Status and Outlook
1.2 Global Asset Performance Management (APM) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Asset Performance Management (APM) Market Size by Region (2018-2029)
1.4 Global Asset Performance Management (APM) Historic Market Size by Region (2018-2023)
1.5 Global Asset Performance Management (APM) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Asset Performance Management (APM) Market Size (2018-2029)
1.6.1 North America Asset Performance Management (APM) Market Size (2018-2029)
1.6.2 Europe Asset Performance Management (APM) Market Size (2018-2029)
1.6.3 Asia-Pacific Asset Performance Management (APM) Market Size (2018-2029)
1.6.4 Latin America Asset Performance Management (APM) Market Size (2018-2029)
1.6.5 Middle East & Africa Asset Performance Management (APM) Market Size (2018-2029)
2 Asset Performance Management (APM) Market by Type
2.1 Introduction
2.1.1 Asset Integrity Management
2.1.2 Asset Reliability Management
2.2 Global Asset Performance Management (APM) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Asset Performance Management (APM) Historic Market Size by Type (2018-2023)
2.2.2 Global Asset Performance Management (APM) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Asset Performance Management (APM) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Asset Performance Management (APM) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Asset Performance Management (APM) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Asset Performance Management (APM) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Asset Performance Management (APM) Revenue Breakdown by Type (2018-2029)
3 Asset Performance Management (APM) Market Overview by Application
3.1 Introduction
3.1.1 Aerospace & Defense
3.1.2 Automotive & Transportation
3.1.3 Machine Manufacturing
3.1.4 Energy & Utilities
3.1.5 Others
3.2 Global Asset Performance Management (APM) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Asset Performance Management (APM) Historic Market Size by Application (2018-2023)
3.2.2 Global Asset Performance Management (APM) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Asset Performance Management (APM) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Asset Performance Management (APM) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Asset Performance Management (APM) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Asset Performance Management (APM) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Asset Performance Management (APM) Revenue Breakdown by Application (2018-2029)
4 Asset Performance Management (APM) Competition Analysis by Players
4.1 Global Asset Performance Management (APM) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Asset Performance Management (APM) as of 2022)
4.3 Date of Key Players Enter into Asset Performance Management (APM) Market
4.4 Global Top Players Asset Performance Management (APM) Headquarters and Area Served
4.5 Key Players Asset Performance Management (APM) Product Solution and Service
4.6 Competitive Status
4.6.1 Asset Performance Management (APM) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 GE
5.1.1 GE Profile
5.1.2 GE Main Business
5.1.3 GE Asset Performance Management (APM) Products, Services and Solutions
5.1.4 GE Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.1.5 GE Recent Developments
5.2 Schneider Electric
5.2.1 Schneider Electric Profile
5.2.2 Schneider Electric Main Business
5.2.3 Schneider Electric Asset Performance Management (APM) Products, Services and Solutions
5.2.4 Schneider Electric Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.2.5 Schneider Electric Recent Developments
5.3 ARC Advisory Group
5.3.1 ARC Advisory Group Profile
5.3.2 ARC Advisory Group Main Business
5.3.3 ARC Advisory Group Asset Performance Management (APM) Products, Services and Solutions
5.3.4 ARC Advisory Group Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.3.5 Bentley Systems Recent Developments
5.4 Bentley Systems
5.4.1 Bentley Systems Profile
5.4.2 Bentley Systems Main Business
5.4.3 Bentley Systems Asset Performance Management (APM) Products, Services and Solutions
5.4.4 Bentley Systems Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.4.5 Bentley Systems Recent Developments
5.5 AspenTech
5.5.1 AspenTech Profile
5.5.2 AspenTech Main Business
5.5.3 AspenTech Asset Performance Management (APM) Products, Services and Solutions
5.5.4 AspenTech Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.5.5 AspenTech Recent Developments
5.6 ABB
5.6.1 ABB Profile
5.6.2 ABB Main Business
5.6.3 ABB Asset Performance Management (APM) Products, Services and Solutions
5.6.4 ABB Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.6.5 ABB Recent Developments
5.7 Nexus Global
5.7.1 Nexus Global Profile
5.7.2 Nexus Global Main Business
5.7.3 Nexus Global Asset Performance Management (APM) Products, Services and Solutions
5.7.4 Nexus Global Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.7.5 Nexus Global Recent Developments
5.8 SAP
5.8.1 SAP Profile
5.8.2 SAP Main Business
5.8.3 SAP Asset Performance Management (APM) Products, Services and Solutions
5.8.4 SAP Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.8.5 SAP Recent Developments
5.9 IBM
5.9.1 IBM Profile
5.9.2 IBM Main Business
5.9.3 IBM Asset Performance Management (APM) Products, Services and Solutions
5.9.4 IBM Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.9.5 IBM Recent Developments
5.10 UpKeep
5.10.1 UpKeep Profile
5.10.2 UpKeep Main Business
5.10.3 UpKeep Asset Performance Management (APM) Products, Services and Solutions
5.10.4 UpKeep Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.10.5 UpKeep Recent Developments
5.11 Aveva
5.11.1 Aveva Profile
5.11.2 Aveva Main Business
5.11.3 Aveva Asset Performance Management (APM) Products, Services and Solutions
5.11.4 Aveva Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.11.5 Aveva Recent Developments
5.12 Siemens
5.12.1 Siemens Profile
5.12.2 Siemens Main Business
5.12.3 Siemens Asset Performance Management (APM) Products, Services and Solutions
5.12.4 Siemens Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.12.5 Siemens Recent Developments
5.13 Infor
5.13.1 Infor Profile
5.13.2 Infor Main Business
5.13.3 Infor Asset Performance Management (APM) Products, Services and Solutions
5.13.4 Infor Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.13.5 Infor Recent Developments
5.14 Oracle
5.14.1 Oracle Profile
5.14.2 Oracle Main Business
5.14.3 Oracle Asset Performance Management (APM) Products, Services and Solutions
5.14.4 Oracle Asset Performance Management (APM) Revenue (US$ Million) & (2018-2023)
5.14.5 Oracle Recent Developments
6 North America
6.1 North America Asset Performance Management (APM) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Asset Performance Management (APM) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Asset Performance Management (APM) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Asset Performance Management (APM) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Asset Performance Management (APM) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Asset Performance Management (APM) Market Dynamics
11.1 Asset Performance Management (APM) Industry Trends
11.2 Asset Performance Management (APM) Market Drivers
11.3 Asset Performance Management (APM) Market Challenges
11.4 Asset Performance Management (APM) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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