Major Advancements : Plant Asset Management System Market Globally Grow at a CAGR of 10.07% by 2020

Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Global Plant Asset Management System Market 2016-2020" globally.

A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives a better control over the production process and generates a real-time data of assets, which enables officials to take informed decision. The real-time data generated by a PAM system can also be used to identify signs of failure, ensuring that plant productivity is not hit due to machine downtime.

Technavios analysts forecast the global PAM system market to grow at a CAGR of 10.07% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of the PAM software and maintenance and support services in this report.

The market is divided into the following segments based on geography:
US
EMEA
Asia
ROW

Technavio's report, Global Plant Asset Management System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Emerson Electric
Honeywell
Rockwell Automation
Siemens

Other prominent vendors
Applied Materials
Dassault Systmes
Endress+Hauser
GE Energy
Hitachi
IBM
Petrofac
SAP
Schneider Electric
Yokogawa

Market driver
Shift to lean manufacturing and green technology
For a full, detailed list, view our report

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Market challenge
Threat from substitutes
For a full, detailed list, view our report

Market trend
Integration with IIoT-connected smart devices
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.