Asset Performance Management Software Market

Asset Performance Management (APM) is a market of software tools and applications for optimizing operational assets (such as plants, equipment and infrastructure) essential to the operation of an enterprise. Organizations invest in APM tools and technologies to reduce unplanned repair work, increase asset availability, minimize maintenance costs and reduce the risk of failure for critical assets. These products can also improve an organization's ability to comply with regulations that prescribe how assets are inspected and maintained. APM uses data capture, integration, visualization and analytics to improve operations and maintenance timing, and to identify which maintenance and inspection activities to perform on mission-critical assets.
Asset Performance Management Software Market contains market size and forecasts of Asset Performance Management Software in Global, including the following market information:
Global Asset Performance Management Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Asset Performance Management Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Asset Integrity Management Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Asset Performance Management Software include GE(US), Schneider Electric(France), ARC Advisory Group(US), Bentley Systems(US), AspenTech(US), ABB(Switzerland), Nexus Global(US) and SAP(Germany), etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Asset Performance Management Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Asset Performance Management Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Asset Performance Management Software Market Segment Percentages, by Type, 2021 (%)
Asset Integrity Management
Asset Reliability Management
Global Asset Performance Management Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Asset Performance Management Software Market Segment Percentages, by Application, 2021 (%)
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Global Asset Performance Management Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Asset Performance Management Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Asset Performance Management Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Asset Performance Management Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GE(US)
Schneider Electric(France)
ARC Advisory Group(US)
Bentley Systems(US)
AspenTech(US)
ABB(Switzerland)
Nexus Global(US)
SAP(Germany)