Market Size And Forecast: Asset Performance Management Software 2019-2024

Published 30 September 2019 by Sebastian Winter & David Metcalfe &

Asset Integrity Asset Performance Management Software Market Size & Forecast

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Executive Summary

This report helps executives at asset performance management (APM) software vendors, current and prospective investors in the APM software market, as well as service providers active in the asset information management ecosystem to understand the future growth prospects of the APM software market. Based on a bottom-up analysis of vendor revenues and survey data from 284 interviews with customers, the study finds that the APM software market will grow from $2.3 billion in 2019 to $4.0 billion in 2024. To benefit from this growth vendors will need to develop connected asset health and worker safety data to provide a single view of operational safety, partner with systems integrators to deliver high-grade integration with current IT systems and crack the code on brownfield deployment.

Market For Asset Performance Management Software Is Set For Strong Growth
Market Size In 2019 Based On Bottom-Up Analysis Of APM Vendor Revenues
Global Spending On APM Software Will Hit $2.3 Billion 2019
Economic Trends And Digital Transformation Strategies Will Drive APM Software Growth
APM Software Market Will Reach $4.0 Billion In 2024
APM Vendors Need To Do Five Things To Exploit The Attractive Market Opportunity

Table of figures

Figure 1. 2019 APM Software Market Size By Region
Figure 2. 2019 APM Software Market Size By Industry
Figure 3. 2019 APM Software Market Share By Vendor Type
Figure 4. APM Software Market Forecast And CAGR For 2019-2024
Figure 5. APM Software Market Forecast By Region For 2019-2024
Figure 6. APM Software Market Forecast By Industry For 2019-2024

Organisations mentioned

ABB, Accenture, AspenTech, Bentley Systems, BHP, Capgemini, Deloittle, Detechtion, DNV GL, Emerson, Enablon, GE Aviation, GE Digital, Glencore, Hexagon, IBM, IMF, iot.nxt, j5 International, Lloyd’s Register, Newtrax, OECD, RAP International, Rio Tinto, SAP, Saras, Siemens, Sphera, Uptake, Vodacom, Vodafone, Yokogawa

About the authors

Sebastian Winter

Industry Analyst

Sebastian is a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering industrial risk technologies, best practices and growth strategies. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Dow Jones Indices, and held positions in China, Brunei and Kenya. Sebastian holds an MSc in Environmental Technology from Imperial College London.

David Metcalfe

CEO

David co-founded Verdantix in 2008 and leads the firm’s research and advisory work on the digitization of Operational Excellence which covers software, systems integration, wearables and drones. Prior to founding Verdantix, David was a Senior Vice President at Forrester Research and Head of Analysis and Forecasting for BT. He holds a PhD from Cambridge University in Game Theory and Decision Analysis and worked as a Research Associate at the Harvard Business School.