Market Size And Forecast: Asset Performance Management Software 2019-2024
Sebastian Winter
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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.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
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 softwar...
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
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