Global Asset Performance Management Market report from Global Insight Services is the single authoritative source of intelligence on Asset Performance Management Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Asset Performance Management (APM) is a strategy for improving the performance of physical assets, such as buildings, industrial machinery, and infrastructure. The goal of APM is to help organizations achieve their desired level of performance by optimizing the performance of their assets.
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Key Trends
There are four key trends in Asset Performance Management technology:
1. The move from reactive to proactive maintenance
2. The use of predictive analytics
3. The use of data-driven decision making
4. The move from traditional asset management to digital asset management
Key Drivers
The key drivers of Asset Performance Management market are:
-The need to improve asset utilization and performance
-The need to reduce downtime and maintenance costs
-The need to improve safety and environmental compliance
-The need for better information to make decisions about assets
Market Segmentation
Asset performance management market is segmented on the basis of component, deployment mode, enterprise size, industry vertical, and region. By component, it is classified into software and services. By deployment model, the market is categorized into the on-premise and cloud-based. By industry vertical, it is classified into energy and utilities, oil and gas, manufacturing, mining and metals, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key Players in the market are AVEVA Group plc, Aspen Technology, Inc., ABB Ltd, Bentley Systems, Incorporated, DNV GLAS, GE Digital, SAP SE, Siemens AG, SAS Institute, Inc. and International Business Machines Corporation.
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