Asset Performance Management Market to Witness Growth Acceleration During 2023-2031 | AVEVA Group plc, Aspen Technology, Inc., ABB Ltd, Bentley Systems
New York, According to a new market research report published by Global Insight Services “Asset Performance Management Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Asset Performance Management (APM) is a strategy for improving the performance of physical assets, such as buildings, industrial machinery, and infrastructure. The goal of APM is to help organizations achieve their desired level of performance by optimizing the performance of their assets.
Key Trends
There are four key trends in Asset Performance Management technology:
1. The move from reactive to proactive maintenance
2. The use of predictive analytics
3. The use of data-driven decision making
4. The move from traditional asset management to digital asset management
Key Drivers
The key drivers of Asset Performance Management market are:
-The need to improve asset utilization and performance
-The need to reduce downtime and maintenance costs
-The need to improve safety and environmental compliance
-The need for better information to make decisions about assets
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Market Segments
By Component
- Software
- Services
By Deployment Mode
- On-premise
- Cloud-based
Key Players
The key Players in the market are AVEVA Group plc, Aspen Technology, Inc., ABB Ltd, Bentley Systems, Incorporated, DNV GLAS, GE Digital, SAP SE, Siemens AG, SAS Institute, Inc. and International Business Machines Corporation.
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Reasons to buy Asset Performance Management Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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