6 Asset Performance Management Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
Figure 32 Services Segment to Register Higher CAGR During Forecast Period
Table 15 Market Size, by Component, 2019-2022 (USD Million)
Table 16 Market Size, by Component 2023-2028 (USD Million)
6.2 Solutions
Figure 33 Predictive Asset Management Segment to Witness Highest CAGR During Forecast Period
Table 17 Market Size, by Solution, 2019-2022 (USD Million)
Table 18 Market Size, by Solution, 2023-2028 (USD Million)
6.2.1 Asset Strategy Management
6.2.1.1 Growing Focus on Gaining High Return on Assets to Increase Demand for Asset Strategy Management Solutions
Table 19 Asset Strategy Management: Market Size, by Region, 2019-2022 (USD Million)
Table 20 Asset Strategy Management: Market Size, by Region, 2023-2028 (USD Million)
6.2.2 Asset Reliability Management
6.2.2.1 Necessity of Increase Production, Provide Worker Safety, and Achieve On-Time Customer Deliveries to Create Demand
Table 21 Asset Reliability Management: Asset Performance Management Market Size, by Region, 2019-2022 (USD Million)
Table 22 Asset Reliability Management: Market Size, by Region, 2023-2028 (USD Million)
6.2.3 Predictive Asset Management
6.2.3.1 Need to Maintain Critical Assets Efficiently to Drive Demand in Coming Years
Table 23 Predictive Asset Management: Market Size, by Region, 2019-2022 (USD Million)
Table 24 Predictive Asset Management: Market Size, by Region, 2023-2028 (USD Million)
6.2.4 Other Solutions
Table 25 Other Solutions: Market Size, by Region, 2019-2022 (USD Million)
Table 26 Other Solutions: Market Size, by Region, 2023-2028 (USD Million)
6.3 Services
Figure 34 Managed Services Segment to Register Higher CAGR During Forecast Period
Table 27 Market Size, by Service, 2019-2022 (USD Million)
Table 28 Market Size, by Service, 2023-2028 (USD Million)
6.3.1 Professional Services
6.3.1.1 Demand for Support & Maintenance Services to Fuel Adoption of Professional Services
Figure 35 Implementation & Integration Segment to Account for Largest Share During Forecast Period
Table 29 Asset Performance Management Market Size, by Professional Service, 2019-2022 (USD Million)
Table 30 Market Size, by Professional Service, 2023-2028 (USD Million)
Table 31 Professional Services: Market Size, by Region, 2019-2022 (USD Million)
Table 32 Professional Services: Market Size, by Region, 2023-2028 (USD Million)
6.3.1.2 Implementation & Integration
Table 33 Implementation & Integration: Market Size, by Region, 2019-2022 (USD Million)
Table 34 Implementation & Integration: Market Size, by Region, 2023-2028 (USD Million)
6.3.1.3 Consulting
Table 35 Consulting: Market Size, by Region, 2019-2022 (USD Million)
Table 36 Consulting: Market Size, by Region, 2023-2028 (USD Million)
6.3.1.4 Support & Maintenance
Table 37 Support & Maintenance: Market Size, by Region, 2019-2022 (USD Million)
Table 38 Support & Maintenance: Market Size, by Region, 2023-2028 (USD Million)
6.3.2 Managed Services
6.3.2.1 Better Cost Control, Improved Risk Management, and High Organizational Availability to Increase Adoption
Table 39 Managed Services: Market Size, by Region, 2019-2022 (USD Million)
Table 40 Managed Services: Market Size, by Region, 2023-2028 (USD Million)
9 Asset Performance Management Market, by Vertical
9.1 Introduction
9.1.1 Verticals: Market Drivers
Figure 38 Chemicals Segment to Witness Highest CAGR During Forecast Period
Table 53 Market Size, by Vertical, 2019-2022 (USD Million)
Table 54 Market Size, by Vertical, 2023-2028 (USD Million)
9.2 Energy & Utilities
9.2.1 Asia-Pacific to be Fastest-Growing Market for Asset Performance Management in Energy & Utilities Segment
Table 55 Energy & Utilities: Asset Performance Management Market Size, by Region, 2019-2022 (USD Million)
Table 56 Energy & Utilities: Market Size, by Region, 2023-2028 (USD Million)
9.3 Manufacturing
9.3.1 Rapid Digital Transformation and Deployment of Ai and IIoT to Accelerate Adoption of Asset Performance Management
Table 57 Manufacturing: Market Size, by Region, 2019-2022 (USD Million)
Table 58 Manufacturing: Market Size, by Region, 2023-2028 (USD Million)
9.4 Government & Defense
9.4.1 Need to Manage and Track Large Fleet of Assets in Real-Time and Reduce Mission Asset Downtime to Boost Demand
Table 59 Government & Defense: Market Size, by Region, 2019-2022 (USD Million)
Table 60 Government & Defense: Market Size, by Region, 2023-2028 (USD Million)
9.5 Chemicals
9.5.1 High Maintenance and Repair Costs of Assets Around Hazardous Chemical Inventory to Drive Adoption
Table 61 Chemicals: Market Size, by Region, 2019-2022 (USD Million)
Table 62 Chemicals: Market Size, by Region, 2023-2028 (USD Million)
9.6 Telecommunications
9.6.1 Ability to Visualize Complex Networks and Optimize Asset Operations to Drive Market
Table 63 Telecommunications: Asset Performance Management Market Size, by Region, 2019-2022 (USD Million)
Table 64 Telecommunications: Market Size, by Region, 2023-2028 (USD Million)
9.7 Healthcare & Pharmaceuticals
9.7.1 Growing Need for Leveraging Asset Data to Reduce Health Equipment Downtime to Support Market Growth
Table 65 Healthcare & Pharmaceuticals: Market Size, by Region, 2019-2022 (USD Million)
Table 66 Healthcare & Pharmaceuticals: Market Size, by Region, 2023-2028 (USD Million)
9.8 Consumer Goods, Food & Beverages
9.8.1 Need for Optimization of Supply Chain to Accelerate Adoption of Asset Performance Management Solutions
Table 67 Consumer Goods, Food & Beverages: Market Size, by Region, 2019-2022 (USD Million)
Table 68 Consumer Goods, Food & Beverages: Market Size, by Region, 2023-2028 (USD Million)
9.9 Other Verticals
Table 69 Other Verticals: Market Size, by Region, 2019-2022 (USD Million)
Table 70 Other Verticals: Market Size, by Region, 2023-2028 (USD Million)
10 Asset Performance Management Market, by Region
10.1 Introduction
Figure 39 Asia-Pacific to Register Highest CAGR During Forecast Period
Table 71 Market Size, by Region, 2019-2022 (USD Million)
Table 72 Market Size, by Region, 2023-2028 (USD Million)
10.2 North America
10.2.1 North America: Market Drivers
10.2.2 North America: Recession Impact
Figure 40 North America: Market Snapshot
Table 73 North America: Asset Performance Management Market Size, by Component, 2019-2022 (USD Million)
Table 74 North America: Market Size, by Component, 2023-2028 (USD Million)
Table 75 North America: Market Size, by Solution, 2019-2022 (USD Million)
Table 76 North America: Market Size, by Solution, 2023-2028 (USD Million)
Table 77 North America: Market Size, by Services, 2019-2022 (USD Million)
Table 78 North America: Market Size, by Services, 2023-2028 (USD Million)
Table 79 North America: Market Size, by Professional Services, 2019-2022 (USD Million)
Table 80 North America: Market Size, by Professional Services, 2023-2028 (USD Million)
Table 81 North America: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 82 North America: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 83 North America: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 84 North America: Market Size, by Organization Size, 2023-2028 (USD Million)
Table 85 North America: Market Size, by Vertical, 2019-2022 (USD Million)
Table 86 North America: Market Size, by Vertical, 2023-2028 (USD Million)
Table 87 North America: Market Size, by Country, 2019-2022 (USD Million)
Table 88 North America: Market Size, by Country, 2023-2028 (USD Million)
10.2.3 US
10.2.3.1 Rising Adoption of Advanced Digital Technologies to Drive Market for Asset Performance Management
Table 89 US: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 90 US: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 91 US: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 92 US: Market Size, by Organization Size, 2023-2028 (USD Million)
10.2.4 Canada
10.2.4.1 Rising Adoption of Cloud Across Asset-Centric Organizations to Boost Market
Table 93 Canada: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 94 Canada: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 95 Canada: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 96 Canada: Market Size, by Organization Size, 2023-2028 (USD Million)
10.3 Europe
10.3.1 Europe: Market Drivers
10.3.2 Europe: Recession Impact
Table 97 Europe: Asset Performance Management Market Size, by Component, 2019-2022 (USD Million)
Table 98 Europe: Market Size, by Component, 2023-2028 (USD Million)
Table 99 Europe: Market Size, by Solution, 2019-2022 (USD Million)
Table 100 Europe: Market Size, by Solution, 2023-2028 (USD Million)
Table 101 Europe: Market Size, by Services, 2019-2022 (USD Million)
Table 102 Europe: Market Size, by Services, 2023-2028 (USD Million)
Table 103 Europe: Market Size, by Professional Services, 2019-2022 (USD Million)
Table 104 Europe: Market Size, by Professional Services, 2023-2028 (USD Million)
Table 105 Europe: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 106 Europe: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 107 Europe: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 108 Europe: Market Size, by Organization Size, 2023-2028 (USD Million)
Table 109 Europe: Market Size, by Vertical, 2019-2022 (USD Million)
Table 110 Europe: Market Size, by Vertical, 2023-2028 (USD Million)
Table 111 Europe: Market Size, by Country, 2019-2022 (USD Million)
Table 112 Europe: Market Size, by Country, 2023-2028 (USD Million)
10.3.3 UK
10.3.3.1 Increasing Demand for Robust Solutions to Enhance Organizational Performance to Fuel Market
Table 113 UK: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 114 UK: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 115 UK: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 116 UK: Market Size, by Organization Size, 2023-2028 (USD Million)
10.3.4 Germany
10.3.4.1 Growing Need to Streamline Maintenance Operations to Create Demand for Asset Performance Management
Table 117 Germany: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 118 Germany: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 119 Germany: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 120 Germany: Market Size, by Organization Size, 2023-2028 (USD Million)
10.3.5 France
10.3.5.1 Availability of Highly Skilled Asset Performance Management Professionals Contributing to Market Growth
Table 121 France: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 122 France: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 123 France: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 124 France: Market Size, by Organization Size, 2023-2028 (USD Million)
10.3.6 Rest of Europe
Table 125 Rest of Europe: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 126 Rest of Europe: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 127 Rest of Europe: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 128 Rest of Europe: Market Size, by Organization Size, 2023-2028 (USD Million)
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Market Drivers
10.4.2 Asia-Pacific: Recession Impact
Figure 41 Asia-Pacific: Asset Performance Management Market Snapshot
Table 129 Asia-Pacific: Market Size, by Component, 2019-2022 (USD Million)
Table 130 Asia-Pacific: Market Size, by Component, 2023-2028 (USD Million)
Table 131 Asia-Pacific: Market Size, by Solution, 2019-2022 (USD Million)
Table 132 Asia-Pacific: Market Size, by Solution, 2023-2028 (USD Million)
Table 133 Asia-Pacific: Market Size, by Services, 2019-2022 (USD Million)
Table 134 Asia-Pacific: Market Size, by Services, 2023-2028 (USD Million)
Table 135 Asia-Pacific: Market Size, by Professional Services, 2019-2022 (USD Million)
Table 136 Asia-Pacific: Market Size, by Professional Services, 2023-2028 (USD Million)
Table 137 Asia-Pacific: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 138 Asia-Pacific: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 139 Asia-Pacific: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 140 Asia-Pacific: Market Size, by Organization Size, 2023-2028 (USD Million)
Table 141 Asia-Pacific: Market Size, by Vertical, 2019-2022 (USD Million)
Table 142 Asia-Pacific: Market Size, by Vertical, 2023-2028 (USD Million)
Table 143 Asia-Pacific: Market Size, by Country, 2019-2022 (USD Million)
Table 144 Asia-Pacific: Market Size, by Country, 2023-2028 (USD Million)
10.4.3 China
10.4.3.1 Increased Adoption of New Technologies, Such as Iiot, Mobile, and Cloud, to Drive Demand
Table 145 China: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 146 China: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 147 China: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 148 China: Market Size, by Organization Size, 2023-2028 (USD Million)
10.4.4 Japan
10.4.4.1 Shift Toward Digital Transformation and Focus on Lowering Tco to Fuel Market Growth
Table 149 Japan: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 150 Japan: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 151 Japan: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 152 Japan: Market Size, by Organization Size, 2023-2028 (USD Million)
10.4.5 India
10.4.5.1 Ongoing Digital Transformation and Adoption of Industry 4.0 Technologies to Boost Demand
Table 153 India: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 154 India: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 155 India: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 156 India: Market Size, by Organization Size, 2023-2028 (USD Million)
10.4.6 Rest of Asia-Pacific
Table 157 Rest of Asia-Pacific: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 158 Rest of Asia-Pacific: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 159 Rest of Asia-Pacific: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 160 Rest of Asia-Pacific: Market Size, by Organization Size, 2023-2028 (USD Million)
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Market Drivers
10.5.2 Middle East & Africa: Recession Impact
Table 161 Middle East & Africa: Asset Performance Management Market Size, by Component, 2019-2022 (USD Million)
Table 162 Middle East & Africa: Market Size, by Component, 2023-2028 (USD Million)
Table 163 Middle East & Africa: Market Size, by Solution, 2019-2022 (USD Million)
Table 164 Middle East & Africa: Market Size, by Solution, 2023-2028 (USD Million)
Table 165 Middle East & Africa: Market Size, by Services, 2019-2022 (USD Million)
Table 166 Middle East & Africa: Market Size, by Services, 2023-2028 (USD Million)
Table 167 Middle East & Africa: Market Size, by Professional Services, 2019-2022 (USD Million)
Table 168 Middle East & Africa: Market Size, by Professional Services, 2023-2028 (USD Million)
Table 169 Middle East & Africa: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 170 Middle East & Africa: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 171 Middle East & Africa: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 172 Middle East & Africa: Market Size, by Organization Size, 2023-2028 (USD Million)
Table 173 Middle East & Africa: Market Size, by Vertical, 2019-2022 (USD Million)
Table 174 Middle East & Africa: Market Size, by Vertical, 2023-2028 (USD Million)
Table 175 Middle East & Africa: Market Size, by Country, 2019-2022 (USD Million)
Table 176 Middle East & Africa: Market Size, by Country, 2023-2028 (USD Million)
10.5.3 Saudi Arabia
10.5.3.1 Stringent Regulatory Framework and Compliance Standards to Boost Growth of Market
Table 177 Saudi Arabia: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 178 Saudi Arabia: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 179 Saudi Arabia: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 180 Saudi Arabia: Market Size, by Organization Size, 2023-2028 (USD Million)
10.5.4 UAE
10.5.4.1 Rising Need for Predictive and Prescriptive Analytics to Drive Market
Table 181 UAE: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 182 UAE: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 183 UAE: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 184 UAE: Market Size, by Organization Size, 2023-2028 (USD Million)
10.5.5 South Africa
10.5.5.1 Large Untapped Market to Offer Opportunities for Asset Performance Management Companies
Table 185 South Africa: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 186 South Africa: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 187 South Africa: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 188 South Africa: Market Size, by Organization Size, 2023-2028 (USD Million)
10.5.6 Rest of Middle East & Africa
Table 189 Rest of Middle East & Africa: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 190 Rest of Middle East & Africa: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 191 Rest of Middle East & Africa: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 192 Rest of Middle East & Africa: Market Size, by Organization Size, 2023-2028 (USD Million)
10.6 Latin America
10.6.1 Latin America: Market Drivers
10.6.2 Latin America: Recession Impact
Table 193 Latin America: Asset Performance Management Market Size, by Component, 2019-2022 (USD Million)
Table 194 Latin America: Market Size, by Component, 2023-2028 (USD Million)
Table 195 Latin America: Market Size, by Solution, 2019-2022 (USD Million)
Table 196 Latin America: Market Size, by Solution, 2023-2028 (USD Million)
Table 197 Latin America: Market Size, by Services, 2019-2022 (USD Million)
Table 198 Latin America: Market Size, by Services, 2023-2028 (USD Million)
Table 199 Latin America: Market Size, by Professional Services, 2019-2022 (USD Million)
Table 200 Latin America: Market Size, by Professional Services, 2023-2028 (USD Million)
Table 201 Latin America: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 202 Latin America: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 203 Latin America: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 204 Latin America: Market Size, by Organization Size, 2023-2028 (USD Million)
Table 205 Latin America: Market Size, by Vertical, 2019-2022 (USD Million)
Table 206 Latin America: Market Size, by Vertical, 2023-2028 (USD Million)
Table 207 Latin America: Market Size, by Country, 2019-2022 (USD Million)
Table 208 Latin America: Market Size, by Country, 2023-2028 (USD Million)
10.6.3 Brazil
10.6.3.1 Rapid Digital Transformation Initiatives to Support Adoption of Asset Performance Management Solutions
Table 209 Brazil: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 210 Brazil: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 211 Brazil: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 212 Brazil: Market Size, by Organization Size, 2023-2028 (USD Million)
10.6.4 Mexico
10.6.4.1 Oil & Gas and Energy & Utilities Industries to Drive Market
Table 213 Mexico: Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 214 Mexico: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 215 Mexico: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 216 Mexico: Market Size, by Organization Size, 2023-2028 (USD Million)
10.6.5 Rest of Latin America
Table 217 Rest of Latin America: Asset Performance Management Market Size, by Deployment Type, 2019-2022 (USD Million)
Table 218 Rest of Latin America: Market Size, by Deployment Type, 2023-2028 (USD Million)
Table 219 Rest of Latin America: Market Size, by Organization Size, 2019-2022 (USD Million)
Table 220 Rest of Latin America: Market Size, by Organization Size, 2023-2028 (USD Million)
13 Adjacent and Related Markets
13.1 Introduction
13.1.1 Related Markets
13.2 Digital Asset Management Market
Table 264 Digital Asset Management Market, by Component, 2019-2022 (USD Million)
Table 265 Digital Asset Management Market, by Component, 2023-2028 (USD Million)
Table 266 Digital Asset Management Market, by Business Function, 2019-2022 (USD Million)
Table 267 Digital Asset Management Market, by Business Function, 2023-2028 (USD Million)
Table 268 Digital Asset Management Market, by Deployment Type, 2019-2022 (USD Million)
Table 269 Digital Asset Management Market, by Deployment Type, 2023-2028 (USD Million)
Table 270 Digital Asset Management Market, by Organization Size, 2019-2022 (USD Million)
Table 271 Digital Asset Management Market, by Organization Size, 2023-2028 (USD Million)
Table 272 Digital Asset Management Market, by Vertical, 2019-2022 (USD Million)
Table 273 Digital Asset Management Market, by Vertical, 2023-2028 (USD Million)
Table 274 Digital Asset Management Market, by Region, 2019-2022 (USD Million)
Table 275 Digital Asset Management Market, by Region, 2023-2028 (USD Million)
13.3 Enterprise Asset Management Market
Table 276 Enterprise Asset Management Market Size, by Component, 2018-2021 (USD Million)
Table 277 Enterprise Asset Management Market Size, by Component, 2022-2027 (USD Million)
Table 278 Enterprise Asset Management Market Size, by Application, 2018-2021 (USD Million)
Table 279 Enterprise Asset Management Market Size, by Application, 2022-2027 (USD Million)
Table 280 Enterprise Asset Management Market, by Deployment Model, 2018-2021 (USD Million)
Table 281 Enterprise Asset Management Market, by Deployment Model, 2022-2027 (USD Million)
Table 282 Enterprise Asset Management Market, by Organization Size, 2018-2021 (USD Million)
Table 283 Enterprise Asset Management Market, by Organization Size, 2022-2027 (USD Million)
Table 284 Enterprise Asset Management Market, by Vertical, 2018-2021 (USD Million)
Table 285 Enterprise Asset Management Market, by Vertical, 2022-2027 (USD Million)
Table 286 Enterprise Asset Management Market, by Region, 2018-2021 (USD Million)
Table 287 Enterprise Asset Management Market, by Region, 2022-2027 (USD Million)