Market Size And Forecast: Industrial Asset Management Software 2024-2030 (Global)
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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.The industrial asset management (IAM) software market is growing at an even pace
IAM software market size and forecast methodology
The IAM software market was worth $7.5 billion in 2024
The digitization of plant operations and maintenance for enhanced overall equipment effectiveness drives IAM software demand
A complex economic climate and traditional approaches to maintenance impact growth
Spend on IAM software is forecast to reach $17.2 billion in 2030
Figure 2. Market size and forecast methodology
Figure 3. Distribution of IAM software spend by industry: 2024
Figure 4. North America and Asia distribution of IAM software spend: 2024
Figure 5. CMMS spend by industry: 2024
Figure 6. EAM spend by industry: 2024
Figure 7. APM spend by industry: 2024
Figure 8. AIP spend by industry: 2024
Figure 9. Forecast of IAM spend by industry: 2024-2030
Figure 10. Forecast of IAM spend by region: 2024-2030
Figure 11. Forecast of APM spend by industry: 2024-2030
Figure 12. Forecast of APM spend by region: 2024-2030
Figure 13. Forecast of EAM spend by industry: 2024-2030
Figure 14. Forecast of EAM spend by region: 2024-2030
Figure 15. Forecast of CMMS spend by industry: 2024-2030
Figure 16. Forecast of CMMS spend by region: 2024-2030
Figure 17. Forecast of AIP spend by industry: 2024-2030
Figure 18. Forecast of AIP spend by region: 2024-2030
About the Authors
Lucas Sala
Consultant
Lucas is an Analyst at Verdantix, conducting research into the application of AI in industrial operations, focusing on GenAI copilots, predictive analytics and digital twins. ...
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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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