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

Published 30 September 2019 by Sebastian Winter & David Metcalfe &

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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.

Table of contents

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

About the authors

Sebastian Winter

Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management software, and connected worker platforms. Sebastian also delivers market strategy, voice of the customer, thought leadership, CDD, and digital strategy advisory pieces. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Global, and held positions in China, Brunei and Kenya. Sebastian holds an MSc Environmental Technology from Imperial College London.

David Metcalfe

David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

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