Asset Performance Management Market Size to Surpass USD 7.99 Billion by 2030, exhibiting a CAGR of 14.6%

As per the report by Fortune Business Insights, the Asset Performance Management Market size is projected to reach USD 7.99 billion in 2030, at a CAGR of 14.6% during the forecast period, 2023-2030

Pune, India, Aug. 31, 2023 (GLOBE NEWSWIRE) — Global asset performance management market size was valued at USD 2.75 billion in 2022 and is projected to reach USD 7.99 billion by 2030, exhibiting a CAGR of 14.6% over the estimated period. Fortune Business Insights presents this information in their report titled “Global Asset Performance Management Market Forecast, 2023-2030.”

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Key Industry Development:

March 2022 – AVEVA announced a collaboration with Alizent. The deal was aimed at providing customers with solutions equipped with escalated operability, improved confidentiality and cybersecurity, and continuous evolution over the long term.

Key Takeaways

  • Asset Performance Management Market size in North America was USD 1.16 billion in 2022
  • Pandemic Fueled Industry Expansion Owing to Acceleration in Digital Transformation
  • On-premises Segment to Initially Dominate Impelled by Increasing Demand for Data Security
  • Predictive Asset Management Segment to Hold Major Share as the Solutions Offer Real-time Analysis

Discover the Leading Players Featured in the Report:

“Companies leading the global Asset Performance Management Market are AVEVA Group Limited (U.S.), IBM Corporation (U.S.), SAP SE (U.S.), Honeywell International Inc. (U.S.), Bentley Systems, Inc. (U.S.), Aspen Technology, Inc. (U.S.), Cognite AS (Norway), General Electric Company (U.S.), Siemens AG (Munich), Hitachi, Ltd. (Japan).”

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 14.6%
2030 Value Projection USD 7.99 billion
Base Year 2022
Asset Performance Management Market Size in 2022 USD 2.75 billion
Historical Data for 2019 to 2021
No. of Pages 160
Segments covered Deployment, Enterprise Type, Type, Industry, and Region

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Drivers and Restraints:

Market Value to Surge Impelled by Rising Regulatory Compliances

Certain regulations are enforced on industrial units to decrease the negative impact of production on the environment. Besides, many companies are formulating net zero policies, which is set to propel the asset performance management market growth over the forecast period.

However, the industry expansion may be hampered by the growing risk of data threats.


By Deployment

  • Cloud
  • On-premises

By Enterprise Type

  • Large Enterprises
  • Small & Medium Enterprises

By Industry

  • Manufacturing
  • Government
  • Chemical
  • Oil & Gas
  • Energy & Utility
  • Healthcare
  • Others (Mining, Telecommunication)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Regional Insights:

North America to Ace the Market Owing to Rising Product Deployment

North America is set to dominate the asset performance management market share over the study period. The expansion is driven by the shift to digital platforms and a subsequent rise in software adoption.

The Asia Pacific market is poised to register notable expansion over the forecast period. The rise is impelled by the escalating investment in asset maintenance.

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Competitive Landscape:

Leading Companies Strike Collaborations to Increase Product Reach

Key industry players are centered on adopting an array of strategic deals for strengthening their market positions. Some of these strategies include mergers, collaborations, and partnerships, among others. Additional steps comprise the formation of alliances, research initiatives, and the development and launch of new products.


How big is the Asset Performance Management Market?

The Asset Performance Management Market size was USD 2.75 billion in 2022. It is expected to reach USD 7.99 billion by 2030.

How fast is the Asset Performance Management Market growing?

The Asset Performance Management Market will exhibit a CAGR of 14.6% during the forecast period, 2023-2030.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

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  • Asset Performance Management Market

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