Market Size And Forecast: Industrial Asset Management Software 2021-2026 (Global)

This report helps executives at asset management software suppliers, current and prospective investors, as well as digital service providers and consultants active in the asset information management ecosystem, understand the forecast growth of the industrial asset management (IAM) software market. Based on a bottom-up analysis of revenues, interviews with software suppliers and survey data from 256 interviews with decision-makers at industrial firms, Verdantix finds that the IAM software market will grow from $7 billion in 2021 to $11 billion in 2026 at a CAGR of 10%, driven by digital transformation strategies and the need to reduce maintenance costs. Spend on enterprise asset management (EAM) software accounted for about half of the IAM market in 2021, and while the asset investment planning (AIP) software market only represented around 4% of total 2021 IAM software sales, it will witness the highest CAGR, of 13%, to 2026.