Market Size And Forecast: Asset Performance Management Solutions 2019-2025

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Executive Summary

This report helps executives at asset performance management (APM) software vendors, current and prospective investors in the APM solutions market, as well as digital service providers and consultants active in the asset information management ecosystem to understand the forecasted growth of the APM solutions market. Based on a bottom-up analysis of revenues and survey data from 284 interviews with decision-makers, Verdantix finds that the APM solutions market will grow from $2.5 billion in 2019 to $4.4 billion in 2025, despite a 2020 standstill in investments induced by COVID-19 and the oil crisis. APM solution providers will need to: work with system integrators to accelerate time-to-value; develop simplified software functionality and role-specific user interfaces; demystify digital twins and their benefits; expand connected asset and worker health capabilities to provide a single view of operational safety; and forge partnerships for holistic and extended APM solutions.

Table of contents

The APM Solutions Market Withstands Global Economic Turbulence
Model Updates Reflect Current Global Economic Factors And Heightened Focus On Services
The APM Solutions Market Is Worth $2.5 Billion In 2019
COVID-19 And The Oil Crisis Will Flatline Revenues For APM Solutions In 2020
Asset Management Digital Transformation Strategies Will Drive Growth Despite Short-Term Standstill
The APM Solutions Market Will Reach $4.4 Billion in 2025
APM Solution Providers Need To Focus On Five Areas To Exploit The Market Prospects

Table of figures

Figure 1. 2019 APM Solutions Market Size By Region
Figure 2. 2019 APM Solutions Market Size By Industry
Figure 3. 2019 APM Solutions Market Size By Category
Figure 4. APM Solutions Market Forecast And YoYs For 2019-2025 
Figure 5. APM Solutions Market Forecast By Region For 2019-2025
Figure 6. APM Solutions Market Forecast By Industry For 2019-2025 

About the authors

Victor Voulgaropoulos

Industry Analyst
Victor is an Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda focuses on asset performance management solutions and the overlap with digital twins, maintenance optimization platforms and industrial risk management technologies. Prior to joining Verdantix, Victor was a researcher at Imperial College London and Massachusetts Institute of Technology, where he managed projects and delivered R&D technological solutions for clients in the energy industry (oil & gas, nuclear, and solar). Victor holds a PhD in Chemical Engineering from University College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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