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

APM Market Share

Statistics for the 2023 & 2024 APM market share, created by Mordor Intelligence™ Industry Reports. APM share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of APM Industry

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.