Market Size And Forecast: Asset Performance Management Solutions 2019-2025
Victor Voulgaropoulos
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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.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
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
Senior Analyst
Victor is a Senior Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk m...
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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