openPR Logo
Press release

Asset Performance Management Market Expected to Grow $6.7 billion by 2025

05-12-2020 12:19 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets(TM)

Asset Performance Management Market, Asset Performance Management

Asset Performance Management Market, Asset Performance Management

According to a research report "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", published by MarketsandMarkets, The global Asset Performance Management (APM) 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, the need to maximize economic return on assets, and increasing adoption of cloud-based applications.

Browse 109 market data Tables and 36 Figures spread through 147 Pages and in-depth TOC on "Asset Performance Management Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/asset-performance-management-market-72801714.html

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

The use of traditional reactive maintenance leads to higher costs, low asset availability, and lack of reliability. It has become very important for large enterprises to adopt APM solutions that leverage proactive maintenance and advanced analytics. APM solutions offers 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72801714

Cloud deployment type to record a faster growth rate during the forecast period

Cloud technology is being widely adopted by businesses, owing to its various benefits, such as increased storage, scalability, flexibility, portability, and compliance. Small and Medium-sized Enterprises (SMEs), in particular, are adopting the cloud deployment type largely due to its cost-effectiveness and ability to produce advanced results. Asset-intensive organizations prefer cloud-deployed solutions, as this type offers scalability and agility in organizations and provides more functions than on-premises solutions at an affordable cost.

Asia Pacific to be the fastest growing region during the forecast period

Asia Pacific (APAC) comprises the fastest growing economies, such as China, India, and Singapore and technologically advanced countries, such as Japan and Australia. The region is expected to gain traction in the APM market, due to benefits, such as improved asset utilization, extended asset life, and reduction in maintenance costs. Many emerging economies in the APAC region are likely to adopt APM solutions because of their high demands, specifically in the oil and gas, transportation and logistics, healthcare, and energy and utilities verticals.

Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=72801714

Market Players

Some prominent players across all service types profiled in the APM market study 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).

Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asset Performance Management Market Expected to Grow $6.7 billion by 2025 here

News-ID: 2042356 • Views: 199

More Releases from MarketsandMarkets(TM)

Casino Management Systems Market predicted to obtain $13.7 billion by 2025
According to a new market research report "Casino Management Systems Market by Component (Solutions and Services), Application (Accounting, Security and Surveillance, Player Tracking, Hotel and Hospitality, Analytics, and Digital Content Management), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 6.4 billion in 2020 to USD 13.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.4%
5G Core Market extrapolated to obtain $ 9,497 million by 2025
According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth
IoT in Healthcare Market worth $188.2 billion by 2025
According to a new market research report "IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 72.5 billion in 2020 to USD 188.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.0% during the
Affective Computing Market revenues to gain $140.0 billion by 2025
According to a new market research report "Affective Computing Market by Technology (Touch-based and Touchless), Component (Software (Speech Recognition and Gesture Recognition) and Hardware (Sensors, Cameras, and Storage Devices and Processors)), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the affective computing market size in the post-COVID-19 scenario is projected to grow from USD 28.6 billion in 2020 to USD 140.0 billion by 2025, at a CAGR

All 5 Releases


More Releases for Asset

Asset Management Software Market
HTF MI released a new market study on Southeast Asia Asset Management Software Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study
Healthcare Asset Management Market
The report “Global Healthcare Asset Management Market Size study, by Technology (Mergers & Acquisitions Advisory, Debt Capital Markets Underwriting, Equity Capital Markets Underwriting), by Component (Hardware, Software, Services), by Application (Staff Management, Equipment Tracking, Patient Tracking, Supply Chain Management), by End-User (Hospital, Laboratory, Pharmaceutical, Bio-Technology) and Regional Forecasts 2018-2025”, The objective of the study is to define market sizes of different segments & countries in recent years and to forecast
HNWI Asset Allocation 2020
MarketResearchReports.Biz presents this most up-to-date research on "HNWI Asset Allocation 2020" Description This report looks at a detailed breakdown from WealthInsight’s proprietary country report model of HNWI population and wealth. It provides an analysis of HNWI demographics based on a unique analysis of HNWI dossier database. It analyses trends in HNWIs investment by asset class and looks at a breakdown of foreign and alternative investments. It provides an in-depth analysis of competitor product strategy,
HNW Asset Allocation Trends
Summary There is no single driver influencing HNW investment preferences. On the contrary, investment choices are determined by an interplay of factors such as risk preference, economic forces, and investor attitudes. As we enter 2016 we expect a reallocation of assets, benefiting alternative investment holdings globally. At the same time, HNW investors are looking for cheap buying opportunities in the equity space. Request Sample Report Here: http://www.reportbazzar.com/request-sample/?pid=439564&ptitle=HNW+Asset+Allocation+Trends&req=Sample Key Findings – The most striking trend
HNW Asset Allocation Trends
"The Report HNW Asset Allocation Trends provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Summary There is no single driver influencing HNW investment preferences. On the contrary, investment choices are determined by an interplay of factors, such as risk preference, economic forces, and investor attitudes. As we go into 2016 we expect a reallocation of assets, benefiting equities and alternatives as investors
HNW Asset Allocation Trends
Summary There is no single driver influencing HNW investment preferences. On the contrary, investment choices are determined by an interplay of factors such as risk preference, economic forces, and investor attitudes. As we enter 2016 we expect a reallocation of assets, benefiting alternative investment holdings globally. At the same time, HNW investors are looking for cheap buying opportunities in the equity space. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=439564&ptitle=HNW+Asset+Allocation+Trends&req=Sample Key Findings – The most striking trend is