Asset Performance Management Market is set for lucrative growth during 2022-2031

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

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Market Segmentation

By Component

  • Software
  • Services

By Deployment Mode

  • On-premise
  • Cloud-based

By Industry Vertical

  • Energy and Utilities
  • Oil and Gas
  • Manufacturing
  • Mining and Metals
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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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