Analysis of the Global Plant Asset Management (PAM) Software Market

  • ID: 3675888
  • Report
  • Region: Global
  • 99 Pages
  • Frost & Sullivan
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Increase in IIoT-Ready Plant Facilities will Spur Market Growth
This study analyzes the convergence trends of information technology and operational technology (IT/OT), changing buying behavior, influence of disruptive technologies, competitive intensity and impact of economic and mega trends in the global plant asset management (PAM) market. In addition to PAM software market analysis, the study highlights CEO's 360 degree view of industry challenges, trends and implications. It also includes the drivers, restraints, forecasts and trends in the geographic regions of North America, Latin America, Europe, Middle East and Africa (EMEA), Asia-Pacific and the Rest-of-the-World (RoW).

Key Findings

- In 2015, the global plant asset management (PAM) software market accounted for $X million in revenue and is expected to reach $X billion by 2022, growing at a compounded annual growth rate (CAGR) of X% during 2015-2022.

- North America (X% CAGR) and Asia-Pacific (X% CAGR) offer the most growth opportunities for the PAM software market. In the former case, it is driven by the end user’s need to improve the efficiency of aging assets, while in the latter case, it is driven by the desire to access new technologies for many capital projects.

- The energy industry contributes X% of the PAM software market revenue. As such, investment in developing targeted applications in this industry is the key to success for solution providers.

- Awareness on enterprise asset management (EAM) software implementation and IIoT market penetration drive the market for PAM software. The market is more likely to get disrupted with newer business models from original equipment manufacturers (OEMs). More cloud offerings are likely to emerge from PAM software solution providers.

- Improvements in integration with other plant software systems, and developments in data exchange standards will be the key focus area for solution providers, apart from leveraging IIoT technologies.

- The competitive landscape is expected to be disrupted by the entry of many niche predictive analytics solution providers from the information technology (IT) sector and likely to witness market consolidation.
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1. Executive Summary
  • Key Findings
  • Market Engineering Measurements
  • Market Segmentation by Type
  • Market Segmentation by Vertical
  • Market Segmentation by Region
  • Market Segmentation by Software and Services
  • CEO’s Perspective
2. Market Overview
  • Market Definitions
  • Key Questions this Study will Answer
3. Drivers and Restraints - Total PAM Software Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained
4. Total Plant Asset Management Software Market-Forecasts and Trends
  • Market Engineering Measurements
  • Forecast Assumptions
  • Currency Exchange Rates
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Percent Revenue Forecast by Vertical
  • Revenue Forecast by Vertical
  • Revenue Growth Forecast by Vertical
  • Revenue Forecast Discussion by Vertical
5. CEO’s 360-Degree Perspective on the PAM Software Market
  • CEO’s 360-Degree Perspective
6. Mega Trend Impact on the PAM Software Market
  • Mega Trend Impact on the PAM Software Market
7. Opportunities from IT-OT Convergence
  • Challenges in Existing Hierarchical Industrial Automation and Software Architecture
  • Benefits from Smart Automation Architecture that Embrace Connectivity and Convergence
  • Opportunities for PAM Software Vendors by Leveraging IT-OT Convergence
8. Impact from Global Economic Trends
  • Top Economic Trends for 2015
  • Top Economic Predictions-2016
9. Changing Customer Buying Behavior
  • Changing Customer Buying Behavior that Triggers Opportunities from More Value-Add Projects
  • Next Evolution of Solution Offerings will be Data Driven
10. Influence of Disruptive Technologies over the PAM Software Market
  • Disruptive Technologies
11. Market Share and Competitive Analysis
  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Top Competitors
12. Best Practices
  • Best Practices in PAM Software Market
13. Asset Performance Management/Asset Reliability Software Segment Breakdown
  • Revenue Forecast
  • Revenue Forecast Discussion
14. Asset Condition Monitoring Software Segment Breakdown
  • Revenue Forecast
  • Revenue Forecast Discussion
15. North America Breakdown
  • Revenue Forecast
  • Revenue Forecast Discussion
16. Europe, the Middle East, and Africa (EMEA) Breakdown
  • Revenue Forecast
  • Revenue Forecast Discussion
17. Asia-Pacific (APAC) Breakdown
  • Revenue Forecast Discussion
  • Revenue Forecast Discussion
18. Latin America (LATAM) Breakdown
  • Revenue Forecast
  • Revenue Forecast Discussion
19. The Last Word
  • The Last Word - 3 Big Predictions
  • Legal Disclaimer
20. Appendix
  • Market Engineering Methodology
  • Additional Sources of Information Relevant to Plant Asset Management
  • Partial List of Companies Interviewed
  • List of Other Market Participants
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