Press release
Asset Performance Management Market Revenue to Hit the US$ 7 Bn Mark and exhibiting a 9.8% CAGR from 2022 to 2032
Asset Performance Management Market 2022
The global asset performance management market is estimated at USD 2.5 Bn in 2021 and USD 2.7 Bn in 2022. The sales is projected to reach USD 7 Bn, exhibiting a 9.8% CAGR during the forecast period from 2022 to 2032.
Get Free Sample Copy@https://www.persistencemarketresearch.com/samples/33037
Increasing demand to manage assets efficiently and optimize total cost ownership (TCO) is expected to play a salient role in developing the market in the forecast period. SMEs and large enterprises have been identified as significant consumers of the APM, thereby, boosting the market growth in the forecast period.
The growing inclination of enterprises to adopt a modern approach to asset performance management with Industry 4.0 is projected to offer avenues of opportunities in the coming time. Digital twins technology is anticipated to offer a remunerative scope of expansion in the forecast period.
In addition, the introduction of modern asset management solutions during the pandemic by established players aided organizations to enhance their performance and optimize maintenance costs. This is anticipated to augment the market size in the forecast period. For instance, in October 2020, Siemens Energy and Bentley Systems informed of their collaboration to launch a performance management solution for oil and gas operators. The solution gives provides asset performance software capabilities of Bentley Systems Inc. with Siemens Energy's oil & gas equipment proficiency.
Request For Customization@https://www.persistencemarketresearch.com/request-customization/33037
Key Takeaways from the Market Study
The global asset performance management market is estimated at USD 2.5 Bn in 2021
The global asset performance management market to expand at 9.8% CAGR by 2032
The global asset performance management market projected to secure USD 7 Bn by 2032
Cloud segment to expand at 8.9% CAGR during the assessment period
Solutions Segment to exhibit 9.3% CAGR in the forecast period
U.S to garner USD 2.3 Bn recording a 9.4% expansion rate from 2022 to 2032
Competitive Landscape
The global asset performance management market is highly fragmented with various large enterprises and SMEs functioning at regional and national levels. Key players in the market include AVEVA Group, IBM, Bentley Systems, SAP, and Siemens Energy AG, among others.
In April 2021, Bentley Systems announced that it is developing applications using the NVIDIA Omniverse platform for real-time visualization, photorealistic, and simulation of digital twins of massive-scale industrial and civil infrastructure projects.
In April 2021, GE Digital disclosed updates to its SmartSignal predictive maintenance software solution, which helps industrial companies in proactively forecasting, predicting, diagnosing, and monitoring device shortcomings.
Buy Now@https://www.persistencemarketresearch.com/checkout/33037
Related Reports-
LTE Infrastructure Market - https://www.persistencemarketresearch.com/market-research/lte-infrastructure-market.asp
Emerging Pervasive Information Communication Technologies Market - https://www.persistencemarketresearch.com/market-research/emerging-pervasive-information-communication-technologies-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asset Performance Management Market Revenue to Hit the US$ 7 Bn Mark and exhibiting a 9.8% CAGR from 2022 to 2032 here
News-ID: 2662680 • Views: …
More Releases from Persistence Market Research
Tuberculosis Diagnostics Market Set to Grow at a 5.8% CAGR, Crossing the US$ 50. …
Introduction
The tuberculosis (TB) diagnostics market has witnessed significant growth in recent years due to its crucial role in early detection, monitoring, and management of TB infections worldwide. With tuberculosis remaining one of the leading infectious diseases, accurate and rapid diagnostic tools are essential for effective treatment and disease control. TB diagnostics include a wide range of testing methods such as molecular tests, culture-based methods, skin tests, and interferon-gamma release assays…
Slide Stainer Market Expected to Witness Impressive Growth at a 6.9% CAGR by 203 …
Introduction
The slide stainer market has witnessed substantial growth in recent years due to its essential role in clinical diagnostics, research laboratories, and pathology laboratories. Slide stainers are critical for automating the staining of microscope slides, enabling faster and more accurate analysis of biological samples. These devices enhance laboratory efficiency, reduce human error, and ensure consistent staining quality, making them indispensable in hospitals, diagnostic centers, and research institutions.
For More Information:
https://www.persistencemarketresearch.com/market-research/slide-stainer-market.asp
This report…
Implantable Medical Devices Market Is Expected To Record A CAGR Of 6.8% From 202 …
Introduction
The implantable medical devices market has witnessed significant growth in recent years, driven by the rising prevalence of chronic diseases, advancements in medical technology, and the increasing adoption of minimally invasive procedures. Implantable devices, including pacemakers, orthopedic implants, cochlear implants, neurostimulators, and cardiovascular stents, play a crucial role in improving patient outcomes, enhancing quality of life, and supporting long-term health management. These devices are widely used in hospitals, cardiac care…
Molecular Imaging Market To Surge Beyond $11.9 Billion By 2032
Introduction
The molecular imaging market has witnessed significant growth in recent years, driven by its pivotal role in disease diagnosis, personalized treatment planning, and drug development. Molecular imaging techniques, such as PET, SPECT, MRI, and optical imaging, provide detailed visualization of biological processes at the cellular and molecular levels, enabling early disease detection and improved patient outcomes. These technologies are extensively used in oncology, cardiology, neurology, and infectious disease research, as…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
