The asset performance management market is forecasted to grow by USD 17921 mn during 2023-2028, accelerating at a CAGR of 12.88% during the forecast period. The report on the asset performance management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid adoption of asset management software and growing importance of asset tracking, increasing need to comply with asset performance management standards, and expansion of IT infrastructure.
Technavio's asset performance management market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
11.54%
CAGR
12.88%
Incremental Value
$17921 mn
By End-user
Energy and utilities
Oil and gas
Manufacturing
Government and public sector
Others
By Component
Solution
Services
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing adoption of cloud-based asset performance management services as one of the prime reasons driving the asset performance management market growth during the next few years. Also, rapid proliferation of bring your own device (BYOD) policy and evolution of Internet of Things (IoT) and rapidly growing number of IoT devices will lead to sizable demand in the market.
The report on the asset performance management market covers the following areas:
Asset performance management market sizing
Asset performance management market forecast
Asset performance management market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading asset performance management market vendors that include ABB Ltd., Baker Hughes Co., Bentley Systems Inc., Detechtion Technologies, DNV Group AS, Emerson Electric Co., General Electric Co., Honeywell International Inc., Infor Inc., International Business Machines Corp., IPS Intelligent Process Solutions GmbH, Nexus Global Business Solutions Inc., Operational Sustainability LLC, Oracle Corp., Plasma Computing Group Inc., Rockwell Automation Inc., SAP SE, SAS Institute Inc., Siemens AG, and Yokogawa Electric Corp.. Also, the asset performance management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Asset Performance Management Market 2018 - 2022
Historic Market Size - Data Table on Global Asset Performance Management Market 2018 - 2022 ($ million)