What is the current APM Market size?

The APM Market is projected to register a CAGR of 10.5% during the forecast period (2024-2029) Read More

Who are the key players in APM Market?

ABB Ltd., AVEVA Group plc, IBM Corporation, SAP SE and GE Digital are the major companies operating in the APM Market. Read More

Which is the fastest growing region in APM Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in APM Market?

In 2024, the North America accounts for the largest market share in APM Market. Read More

What years does this APM Market cover?

The report covers the APM Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APM Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asset Performance Management (APM) Market Size & Share Analysis - Industry Research Report

Asset Performance Management (APM) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asset Performance Management Market is Segmented by Type (Predictive Asset Management, Asset Reliability Management, and Asset Strategy Management), Deployment (On-premise and Hosted), End-user Vertical (Oil and Gas, Metal and Mining, Manufacturing, Energy and Utilities, Transportation, Government and Public Sector, and Chemical and Pharmaceutical), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Asset Performance Management (APM) Industry Overview

The asset performance management market is growing in competition due to several established and new players. The vendors operating in the market focus on establishing long-term partnerships with their clients to drive recurring revenue. Furthermore, the established players are also adopting inorganic growth strategies to further expand their portfolio and technical proficiency and reduce market competition. Some of the major players operating in the market include ABB Ltd, IBM Corporation, SAP SE, and GE Digital.

In September 2022, Hitachi Energy announced that Energinet, Denmark's national transmission system operator (TSO), selected Hitachi's Lumada Asset Performance Management (APM) solution. This latest collaboration between Hitachi Energy and Energinet has been established to help the country's transmission system operators better assess grid reinvestments needed to achieve the 2030 carbon neutrality goals.

In August 2022, GE Digital announced a software solution combining Performance Intelligence with APM Reliability. Designed for strategic and data-driven decision-making, the software forms a performance advisory solution by integrating real-time thermal performance data and analysis software with analytics for strategic and data-driven decision-making.