New forecast Report on Global Plant Asset Management Market 2020 Potentially Growing Significant Business Opportunities with top companies Emerson, Honeywell, Rockwell, ABB, Schneider AND Others.

The Global Plant Asset Management (PAM) Market delivers comprehensive overview of the global market along with the market elements such as market drivers, trends, challenges and restraints.

The Plant Asset Management (PAM) Market is estimated to grow from US$ 5.5 Billion in 2019 to US$ 9.4 Billion by 2024, at a CAGR of 11.3%. This report spread across 178 Pages, Profiling 10 Companies and Supported with 109 Tables and 52 figures is now available in this research.

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Top Companies profiled in the Plant Asset Management Market:
o Emerson(US)
o Honeywell (US)
o Rockwell (US)
o ABB (Switzerland)
o Schneider (France)
o Yokogawa (Japan)
o General Electric(US)
o Siemens(Germany)

"Market for cloud-based (online) deployment to grow at highest CAGR during forecast period"
The market for cloud-based (online) deployment is expected to grow at the highest CAGR during the forecast period. The adoption of cloud-based (online) PAM software solutions is the most suitable option for small and medium-sized enterprises due to its low cost. Quick installation and easy access to cloud save time and help end-user industries to make better decisions to improve efficiency, as well as focus on other important business parameters.

"Oil & gas industry to hold major share of PAM in process industry market during forecast period"
The oil & gas industry is expected to hold the majority of market share from 2019 to 2024. The evolution in preventive maintenance for instrumentation and monitoring techniques in natural gas increases the demand for PAM services in the oil & gas industry. PAM solutions are used to track material asset movements. Similarly, these solutions also help oil and gas plants to reduce operational costs, without increasing any risk pertaining to unplanned downtime or employee and environment safety.

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Reason to access this report:
o Illustrative segmentation, analysis, and forecast for markets based on offering, asset type, deployment mode, industry, and geography have been conducted to give an overall view of the PAM market

o A value chain analysis has been performed to provide an in-depth insight into the PAM market.
o Major drivers, restraints, opportunities, and challenges for the PAM market have been detailed in this report.

o The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenues of key players.

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This release was published on openPR.