Market Size And Forecast: Industrial Asset Maintenance Software 2022-2028 (Global)
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Executive Summary
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.An Overview Of The IAM Software Market
Market Size Data Are Calculated From Aggregate Supplier Revenues And Customer Penetration Rates
The IAM Software Market Was Worth $6.4 Billion In 2022
Cost-Reduction Strategies Play A Key Role In Shaping The Growth Outlook Of The IAM Software Market
The IAM Software Market Will Grow At A CAGR Of 10% To Reach $11.5 Billion In 2028
Figure 2. Verdantix Market Size And Forecast Methodology
Figure 3. Level Of Digital Maturity For IAM
Figure 4. 2022 IAM Spend By Solution Type
Figure 5. Factors Driving Digital Transformation Of Plant Operations
Figure 6. Market Dynamics And Outlook For IAM Software Products
Figure 7. IAM Software Forecast By Software Type 2022-2028
Figure 8. IAM Software Forecast By Industry 2022-2028
Figure 9. IAM Software Forecast By Region 2022-2028
About the Author
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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