Global Asset Performance Management (APM) Software Market by Type (Asset Integrity Management, Asset Reliability Management, Other), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global asset performance management (APM) software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the APM software market can be attributed to the increasing demand for APM software from large enterprises and SMEs across different regions. Additionally, the growing adoption of cloud-based APM solutions is also contributing to the growth of the market. The asset integrity management segment is expected to hold the largest share of the global APM software market in 2018. This can be attributed to factors such as increased focus on safety and compliance by organizations, and rising awareness about benefits offered by asset integrity management solutions.



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Product Definition:

Asset Performance Management (APM) Software is used to manage and monitor the performance of physical assets. The importance of Asset Performance Management (APM) Software is that it helps organizations to identify and address potential issues with their assets before they become problems, which can lead to increased efficiency and avoid costly downtime.

Asset Integrity Management:

Asset integrity management is the practice of protecting an asset from any and all risks associated with its performance. Asset integrity management includes a broad range of activities including, but not limited to, maintenance planning & execution, condition monitoring (inspections), logistics & transportation planning and control, production scheduling & monitoring resource utilization as well as quality assurance. Asset integrity also requires adherence to industry standards such as SAE Institute for Standard Engineering Practices (ISEP).

Asset Reliability Management:

Asset reliability management (ARM) is a set of processes and techniques used to identify, analyze, and control the inherent risks associated with an asset. It focuses on reducing the probability of unexpected downtime by analyzing historical performance trends. Asset Reliability Management (ARM) is also known as fault tree analysis or failure mode & impact assessment (FMI).

The primary objective of ARM is to ensure that assets perform as expected throughout their life cycle.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017 and is expected to continue leading over the forecast period. The growth of this segment can be attributed to factors such as increasing demand for robust solutions that enable organizations to effectively manage their portfolios, reduce exposure risk and increase operational efficiency.

The growing importance of APM software in ensuring effective portfolio management across various industries is also a key factor driving its adoption among large enterprises. For instance, according to an article published by IBM¢â‚¬â„¢s X-Force research center, around 60% of all fraud cases occur within 15 transactions or less cumulative revenue worth USD 10 million and above. This indicates a high susceptibility with respect to small & medium-sized businesses (SMEs). However, asset reliability management helps mitigate risks associated with business operations by effectively monitoring & controlling assets performance across different channels such as supply chain and sales channel visibility which eventually results in improved financial performance for SMEs.

Regional Analysis:

The North American region dominated the global market in 2017. The growth of the regional market can be attributed to increasing industrial automation, rising adoption of asset performance management solutions by various industries and stringent regulations for safety & environmental compliance. Moreover, growing demand for smart devices and rapid technological advancements are also expected to drive the APM software demand over the forecast period.

Asia Pacific is estimated to witness significant growth over the next eight years owing to improving economic conditions in emerging countries such as India & China and increasing investments in industrial automation & IoT infrastructure development. Furthermore, growing awareness about asset performance management among enterprises is anticipated to fuel regional growth during the forecast period.

Europe accounted for a significant share of revenue generation owing to high acceptance levels regarding AEM implementation amongst enterprises operating globally or within Europe’s borders (e-Government projects).

Growth Factors:

Increasing demand for APM software from small and medium-sized businesses (SMBs) due to the growing complexity of IT infrastructure and applications.
The increasing popularity of public cloud services, which is driving the need for better performance and management of applications running in the cloud.
Rapid growth in big data and analytics, which is resulting in increased demand for APM software that can help organizations manage and optimize performance of big data applications.
Proliferation of mobile devices and BYOD policies, which is leading to increased demand for APM solutions that can help organizations optimize performance of mobile apps across different platforms/devices.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Asset Performance Management (APM) Software Market Research Report
By Type
Asset Integrity Management, Asset Reliability Management, Other
By Application
Large Enterprises, SMEs
By Companies
ABB, IBM, Oracle, SAP, GE, Rockwell Software, AVEVA Group, Bentley Systems, AspenTech, Nexus Global, OSIsoft, Siemens, Infor(Koch Industries), DNV GL, eMaint(Fluke Corporation), Accruent(Fortive), Aptean(Vista Equity Partners), Operational Sustainability, Uptake Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.

Global Asset Performance Management (APM) Software Market Report Segments:
The global Asset Performance Management (APM) Software market is segmented on the basis of:
Types
Asset Integrity Management, Asset Reliability Management, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
ABB
IBM
Oracle
SAP
GE
Rockwell Software
AVEVA Group
Bentley Systems
AspenTech
Nexus Global
OSIsoft
Siemens
Infor(Koch Industries)
DNV GL
eMaint(Fluke Corporation)
Accruent(Fortive)
Aptean(Vista Equity Partners)
Operational Sustainability
Uptake Technologies



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Highlights of The Asset Performance Management (APM) Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Asset Integrity Management
Asset Reliability Management
Other
By Application:
Large Enterprises
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Asset Performance Management (APM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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