Market Size And Forecast: Industrial Asset Management Services 2022-2028 (Global)
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Executive Summary
This report helps executives at industrial asset management (IAM) consultants understand the market size and forecasted growth of the IAM services market. Based on a bottom-up analysis of service provider revenues, interviews with decision-makers at service organization suppliers, and survey data from 304 interviews with decision-makers at industrial firms, Verdantix finds that the IAM services market will grow from $8.9 billion in 2022 to $15.4 billion in 2028, at a CAGR of 9.5%. Drivers encompass the ongoing digitization of industrial operations, high demand for digital technologies for asset management, decarbonization of plant operations, and calls for balanced external expertise.
Table of contents
Industrial asset management services market size and forecast methodologyThe IAM services market is populated by a range of providers
The IAM services market was worth $8.9 billion in 2022
Digitization, decarbonization and demand for industry expertise are driving growth in the IAM services market
Cost-cutting measures will stall growth in the IAM services market in the short to medium term
The IAM services market will grow at a CAGR of 9.5% to become a $15 billion market in 2028
The EHS software market will grow at a CAGR of 11.5% to reach $3.1 billion in 2028
Table of figures
Figure 1. Verdantix industry breakdownFigure 2. 2022 industrial asset management services by region
Figure 3. 2022 industrial asset management services by industry
Figure 4. 2022 industrial asset management services by service line
Figure 5. Industrial asset management services spending plans
Figure 6. Industrial asset management services forecast by region 2022-2028
Figure 7. Industrial asset management services forecast by service line 2022-2028
Figure 8. Industrial asset management services forecast by industry 2022-2028
Organisations mentioned
Accenture, Arcadis, Cohesive, Deloitte, EY, Federal Reserve Bank of New York, Fluor, Goldman Sachs, International Monetary Fund (IMF), KPMG, MaxGrip, Organisation for Economic Co-operation and Development (OECD), Pinnacle, PwC, Source Global Research, Wood, World Bank, WSPAbout the authors
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