Press release
Plant Asset Management (PAM) System Market Globally Grow at a CAGR of 5.15% by Revenue During the Forecast Period 2018-2021
A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization.
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It also generates real-time data of assets, which enables officials to take an 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 plant asset management (PAM) system market to grow at a CAGR of 5.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2017-2021. To calculate the market size, the report considers the revenue of top vendors in the market along with Technavio data source is used.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Plant Asset Management (PAM) System Market 2017-2021, 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
Honeywell
Rockwell Automation
Siemens
Other prominent vendors
Applied Material
Dassault Systmes
Endress+Hauser
GE Digital
Hitachi
IBM
IFS
Petrofac
SAP
Schneider Electric
Yokogawa
Market driver
Incorporation of 3D modeling in real time asset management
For a full, detailed list, view our report
Market challenge
Threat of substitutes
For a full, detailed list, view our report
Market trend
Use of prescriptive analytics for analysis
For a full, detailed list, view our report
Browse Report @ https://www.researchmoz.us/global-plant-asset-management-pam-system-market-2017-2021-report.html
Key questions answered in this report
What will the market size be in 2021 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?
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A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization. It also generates real-time data of assets, which…
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