Market Size And Forecast: Industrial Asset Management Software 2024-2030 (Global)

Executive Summary

This report is tailored for industrial asset managers, IT directors and operations managers seeking to enhance asset performance and maintenance through digital transformation. The report reviews the current state and growth prospects of the global industrial asset management (IAM) software market, highlighting trends and drivers to 2030. Our analysis, based on data from over 68,700 public organizations, industry-specific indexes, financial forecasts from LSEG and Verdantix global corporate surveys, reveals that the IAM software market was valued at $7.5 billion in 2024. It is projected to grow at a CAGR of 15%, reaching $17 billion in 2030. Key drivers in this growth are increasing digitization and the need for improved asset performance. North America, Asia and Europe will dominate the market, with North America accounting for 32% of the spend in 2030. The oil and gas sector will remain the largest sector with the fastest growth, while the manufacturing and mining sectors are expected to experience the second-fastest growth.