Market Size And Forecast: Industrial Asset Maintenance Software 2022-2028 (Global)

This report helps executives at asset maintenance software suppliers, current and prospective investors, as well as digital service providers and consultants active in the asset maintenance ecosystem, understand the forecast growth of the industrial asset maintenance (IAM) software market. Based on a bottom-up analysis of revenues, interviews with software suppliers and survey data from 301 interviews with decision-makers at industrial firms, Verdantix finds that the asset maintenance software market will grow from $6.4 billion in 2022 to $11.5 billion in 2028, at a CAGR of 10%, driven by the need to reduce maintenance costs and increase asset uptime. Expenditure on enterprise asset management (EAM) software constituted 60% of asset maintenance market spend in 2022, while predictive maintenance (PdM) software accounted for 30% of the market, showcasing the highest CAGR at 13%, and CMMS contributed to 10% of market spend.