Market Size (2017)
2017
—
ICT
Asset Performance Management APM Market
By Segment, By Region, And Segment Forecasts, 2017 – 2025
Vertical: ICTBase Year: 20189 Sections
Executive Summary
Asset Performance Management APM Market — Snapshot
Projected (2025)
2025
—
CAGR (2017–2025)
N/A
Key Players
105+
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 the physical assets. Furthermore, it reduces operating costs and minimizes risk factors in the business.
According to MRFR Analysis, the asset performance management market is expected to witness high growth during the forecast period. Application of IT and OT in the manufacturing sector and high demand for improving machine efficiency, productivity, and performance are some of the factors driving the growth of the market. However, the high cost of implementing these solutions, resulting in less deployment among SMEs, could hinder the growth of this market in the future.
The asset performance management market has been segmented based on type, deployment, services, and vertical. Based on type, the market has been bifurcated into data management software, predictive asset analytics tools, enterprise asset management software, and pattern recognition software. enterprise asset management software segment accounted for the largest market share in 2018, whereas the predictive asset analytics tools segment is expected to register the highest CAGR. By deployment, the APM market has been segmented into cloud and on-premise. The on-premise segment accounted for the larger market share in 2018, whereas the cloud segment is expected to register the higher CAGR. By services, the market has been categorized as professional and managed services. The professional services segment accounted for the larger market share in 2018, whereas the managed services segment is expected to register the higher CAGR. By vertical, the market has been segmented into manufacturing, oil & gas, energy & utility, healthcare, IT & telecommunication, and others. The oil & gas segment accounted for the largest market share in 2018, whereas the energy & utility segment is expected to register highest CAGR.
By region, the market has been categorized as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America accounted for the largest market size in the asset performance management market in 2018, and Asia-Pacific is expected to register the highest CAGR during the forecast period.
MRFR study identifies some of the prominent key players in the asset performance management market, including Aspen Technology (US), AVEVA Group PLC (UK), Bentley Systems, Incorporated (US), Detechtion Technologies (Canada), IBM Corporation (US), Operational Sustainability, LLC (US), Rockwell Automation (US), SAP SE (Germany), SAS Institute Inc. (US), and Schneider Electric (France). These players adopt strategies such as partnerships, agreements, and collaborations to improve their position and excel in the global asset performance management market.
Key Insight
Asset Performance Management APM Market is a key focus area for market intelligence and strategic research.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: South America, North America, Europe, Asia Pacific, Middle East and Africa.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2017 to 2025.
- Competitive Landscape: 105 leading companies are profiled, covering market positioning, strategies, and recent developments.
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View Subscription PlansMarket Overview
Asset Performance Management APM Market — Growth Trajectory
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 the physical assets. Furthermore, it reduces operating costs and minimizes risk factors in the business.
Market Share by Application
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View Subscription PlansMarket Dimensions
How this market is segmented
- Offering Type Offering Type is broken down into: Software Type, Services.
- Deployment Mode Deployment Mode is broken down into: On-Premise, Cloud, Vertical, Deployment Mode_On-Premise, Deployment Mode_Cloud.
- Asset Performance Management (APM)_Vertical Asset Performance Management (APM)_Vertical is broken down into: Oil & Gas, Energy and Utility, Manufacturing, Healthcare, IT & Telecommunication, Others.
Geographic Analysis
Regional market breakdown
- South America South America is one of the key regions covered in this market analysis.
- North America North America is one of the key regions covered in this market analysis.
- Europe Europe is one of the key regions covered in this market analysis.
- Asia Pacific Asia Pacific is one of the key regions covered in this market analysis.
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View Subscription PlansResearch Methodology
Asset Performance Management APM Market — How We Researched This Market
Market Research Future research is conducted by industry experts who offer insight into industry structure, market segmentations, technology assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the APM market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, some paid databases and many others.
Both, top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets of the overall APM market. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from market research future and has been presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Research Process
Historical data (2017–2018) and forecast period (2018–2025)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Competitive Landscape & Porter's Five Forces
Asset Performance Management APM Market — Competitive Analysis
The asset performance management market is at the growth stage and driven by various factors such as asset-intensive organizations realize that a key use case for industrial IoT and digital innovation is equipment reliability. The market is divided between platform vendors such as Rockwell Automation and asset analysis vendors such as IBM Corporation.
In this regard, Porter’s five forces model gives a comprehensive outlook for the asset performance management market that helps vendors to determine the factors that could impact the business environment. The five factors that are included in Porter’s model are the threat of new vendors, bargaining power of suppliers, bargaining power of buyers, new substitutes in the market, and competitive rivalry.
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Analytics
Asset Performance Management APM Market — Key Findings
Analytical insights on Asset Performance Management APM Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
Asset Performance Management APM Market represents a significant market opportunity with multiple growth drivers across regions and segments.
Market Drivers
Currently, Industry 4.0 is revolutionizing the manufacturing sector. This phase demands the use of intelligent technologies such as machine learning, AI, IoT, and enhanced IT infrastructure to build smart manufacturing plants of the future. The convergence of IT and OT is used to monitor events, processes, and devices and adjust enterprise and industrial operations. IoT solutions customized for asset performance management allow manufacturing firms to plan and optimize present asset requirements, predict asset failure for zero downtime through repairs and replacement of stressed assets, and thereby ensure seamless operations. These technological changes in the manufacturing sector are fueling the adoption and implementation of asset performance management solutions.
Market Opportunities
The growth of cloud computing and data analytics services has seen a surge over the past few years. According to Statista, an independent statistical data provider, SaaS solutions generated USD 110 billion in the first half of 2018. This growth shows the rate at which digital solutions are being adopted among organizations. Asset performance management systems would benefit significantly from the aforementioned services as they allow scalability and application across multiple verticals. For example, advanced analytical techniques enable processing of various types of structured and unstructured data to improve decision making. For example, natural language processing can help to generate insights and complement decision making from news reports, analyst reports, and social media. This allows organizations to implement new regulatory changes as they happen. Asset management used to be a reactive process which involved the occurrence of an error and finding a subsequent fix; this approach resulted in significant downtime of assets. Asset performance management systems benefit greatly from data analytics services to provide real-time data regarding asset health for more proactive replacement and repair decisions.
Market Restraints
Asset performance management systems are scalable solutions which provide greater cost benefits with scalability. This makes them perfect for large organizations with expensive assets. Currently, a large segment of the asset performance management market is on-premise, with cloud deployment growing at a steady rate. In general, cloud solutions would suit the needs of SMEs as they are more scalable. Cloud solutions, however, initially require high investments. This makes it difficult for SMEs to invest in and implement these solutions. Therefore, the asset performance management system market is unable to expand into a major number of potential markets due to cost factors.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Companies
Key companies profiled in Asset Performance Management APM Market
Profiles of 105 companies operating in the Asset Performance Management APM Market market, including revenue, employee count, and market positioning where available.
Showing 105 of 105 companies
SAS Instit
SAS Institute Inc.
ICT
Company Headquarters: US Founded: 1976 Workforce: ~14,185 Company Working: SAS Institute Inc. (SAS) is a leading provider of business intelligence and analytics software and services. The company offers its solutions and services in business segments such as advanced analytics, IoT solutions, personal data protection, risk management, AI solutions, business intelligence and analytics, cloud analytics, customer intelligence, data management, fraud and security intelligence, small and midsize business, and supply chain intelligence. The business intelligence and analytics solutions segment includes visual data exploration, analytics, interactive reporting and dashboards, collaboration, and mobile business intelligence products. The company also offers cloud analytics solutions, software-as-a-service (SaaS), remote managed software and services, and hosted managed services. Geographically, the company operates its business units in three regions, namely the Americas, Europe, the Middle East, and Africa, and Asia-Pacific.
Revenue$0.0B
Employees14,185
Market CapN/A
Founded1975
US
Aveva Grou
Aveva Group PLC
ICT
Company Headquarters: UK Founded: 1967 Workforce: ~6,500 Company Working: AVEVA Group PLC (AVEVA) is engaged in providing industrial engineering software solutions for the process plant, power, and marine industries. It offers asset performance management, engineering, procure and construct, operate and optimize, and monitor and control solutions. It also offers products for different technologies, including industrial Internet of things (IIoT), cloud, edge, advanced 3D visualization, and artificial intelligence. The asset performance management (APM) software portfolio addresses the challenges faced by industries related to artificial intelligence, industrial big data, cloud, digital twin, and augmented reality. The company's SCADA, HMI, and control solutions are used to segregate raw information into valuable insights that reveal new opportunities. AVEVA Connect is a unified industrial software platform that provides AVEVA E3D, Asset Visualization (NET) AVEVA ERM, AVEVA LFM, AVEVA NET, PRO/II Process Engineering AVEVA ProCon, Dynamic Simulation (DYNSIM), and cloud-based sandbox. The company offers its software solutions to various industries, including oil and gas, power, and utility, marine, paper and pulp, chemical, infrastructure, life sciences, food and beverages, steel fabrication, waste and wastewater, and mining.
Revenue$1.0B
Employees6,500
Market CapN/A
Founded1966
UK
Aspen Tech
Aspen Technology
ICT
Company Headquarters: US Founded: 1981 Workforce: ~5000 Company Working: Aspen Technology is a provider of software services for the manufacturing and process engineering sectors. It serves various industries such as chemical, pharmaceutical, polymer, consumer packaged goods, power, engineering, procurement and construction, transportation, metal & mining, pulp & paper, and waste-water management. The company operates through two segments, subscription & software, and services & other. The company’s asset performance management software falls under subscription & software segment. The asset performance management products offered are Aspen Mtell, Aspen Fidelis Reliability, Aspen ProMV, Aspen Column Analytics, Aspen Root Cause Analytics, Aspen Cloud Connect, and Aspen Edge Connect. Aspen Technology operates in the Americas, Canada, Europe, Asia-Pacific, and the Middle East.
Revenue$0.5B
Employees5,000
Market CapN/A
Founded1980
US
SAP SE
SAP SE
ICT
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Revenue$0.0B
Employees96,498
Market CapN/A
Founded1971
United States, North America
IBM Corpor
IBM Corporation
ICT
Company Headquarters: US Founded: 1911 Workforce: ~2,82,100 Company Working: IBM Corporation is a global provider of integrated business solutions and services. Its Cloud & Cognitive Software division provides software for vertical and domain-specific solutions in a variety of application areas, as well as customer information control system and storage, analytics, and integration software solutions to support client mission on-premises workloads in the banking, airline, and retail industries. It also provides middleware and data platform software, such as Red Hat, which allows clients to run hybrid multi-cloud environments; cloud paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management; and IoT, blockchain, and AI/Watson platforms. Business consulting services, packaged software system integration, application management, maintenance, and support services, and finance, procurement, talent and engagement, and industry-specific business process outsourcing services are all available through the company's global business services segment. IT infrastructure and platform services are provided by the company's global technology services business, as well as project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments and IT infrastructure support services. The cognitive solutions segment offers a cognitive computing platform called Watson, which interacts in natural language, processes big data, and learns from interactions with people and computers. This segment also provides data and analytics solutions, data management platforms, cloud data services, enterprise social software, and transaction processing software that run mission-critical systems in the banking, airline, and retail industries. IBM provides speech recognition products using computer hardware and software-based techniques to identify and process the human voice and convert the spoken words into computer text. Furthermore, the company is also investing heavily in designing and developing automatic speech recognition technology-based products, which are capable of authenticating users via their voice and performing an action based on the instructions defined by the human.
Revenue$0.1B
Employees282,100
Market CapN/A
Founded1910
US
Clean Powe
Clean Power Research, LLC
ICT
Company Headquarters: Napa, California, USA. Founded: 1997 Workforce: ~ 250 Company Working: Clean Power Research, LLC is a trusted partner of leading utility and energy enterprises. The company is a team of talented, innovative, dedicated people passionate about clean energy and committed to transforming the global energy landscape using software for a clean-powered planet. For more than 20 years, leading utility and energy enterprises have relied on Clean Power Research to successfully navigate energy transformation. Company’s innovative solutions inform, streamline, and quantify energy-related decisions and processes. It is well-known for building and operating adaptable and efficient cloud software. The company specializes in Utility Customer Engagement, Distributed Energy Program Automation, Irradiance Data, Historical and Forecast Solar Prediction, and APIs.
RevenueN/A
Employees250
Market CapN/A
Founded1996
Napa, California, USA.
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Asset Performance Management APM Market
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