Kenneth Research has published a detailed report on Asset Performance Management (APM) Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.
The report covers the forecast and analysis of the Asset Performance Management (APM) Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Asset Performance Management (APM) Market over the period 2019-2026.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Asset performance management (APM) includes a set of software tools and applications that are designed to enhance the reliability and accessibility of physical assets that play a crucial role in an enterprise’s operation process. The integration of APM software in the industry helps to improve the availability and reliability of physical assets. Furthermore, it reduces operating costs and minimizes risk factors in the business.
The global APM market has been segmented on the basis of offering, deployment mode, vertical, and region.Based on the offering, the APM market has been segmented into software type and services. The software type segment has been further categorized as data management software, predictive asset analytics tools, enterprise asset management software, and pattern recognition software. The enterprise asset management software segment accounted for the largest market share in 2018. However, the predictive asset analytics tools segment is expected to register the highest CAGR. The services segment of asset performance market has been further categorized into managed services and professional services.
As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2018, North America reported for more than 30 percent market share. Many key players in the industry and established companies are based in North America. Therefore, the region was always at the forefront of research and development activities in the IIoT sector and therefore has a dominant market position.
*Asset Reliability Management
*Asset Strategy Management
*Predictive Asset Management
*Energy & Utilities
*Oil & Gas
*Mining & Metal
*Government & Public Sector
*Chemicals & Pharmaceutical
By Deployment Type
The top players covered in Asset Performance Management (APM) Market are:
ARC Advisory Group(US)
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The Asset Performance Management (APM) Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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