Asset Performance Management Market Worth $4.0 Billion By 2026,…

Asset Performance Management Market Worth $4.0 Billion By 2026,…

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Chicago, March 22, 2023 (GLOBE NEWSWIRE) — The globe Asset Performance Management Market The size is projected to grow at a compound annual growth rate (CAGR) of 10.1% over the forecast period, reaching US$4.0 billion from US$2.5 billion in 2021 by 2026. according to a new report from MarketsandMarkets™. The Asset Performance Management market is fragmented as there are a large number of players in the overall market. The key factors expected to drive the adoption of Asset Performance Management (APM) software by large corporations as well as SMBs across multiple industries including Energy & Utilities, Manufacturing, Government & Defense, Chemicals, Healthcare & Pharmaceuticals, Telecom, Consumer Goods and Food & Beverage and others (Real Estate and Transport & Logistics) are increasingly embracing cloud and digital transformation. Developing countries in APAC and MEA are expected to provide more opportunities for vendors in the market.

Browse Detailed TOC of Asset Performance Management Market

274 – tables
57 – numbers
284 pages

Download report brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72801714

scope of the report

report metrics details
Market size value in 2021 $2.5 billion
Market size value in 2026 $4.0 billion
growth rate 10.1% CAGR
Market size available for years 2016-2026
Base year considered 2020
forecast period 2021-2026
Forecast Units billion (USD)
segments covered component (solutions [Asset Strategy, Asset Reliability, and Predictive Asset Management] and services), deployment type, company size, industry and region
Asset Performance Management Market Drivers
  • Increasing demand for regulatory compliance and reporting standards in asset-centric organizations
  • Growing need to manage asset efficiency, manage asset sustainability and optimize total cost of ownership
  • Compelling need to make informed business decisions with forward-looking assets…



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