Europe Asset Performance Management Market By Category (Asset Reliability Management, Asset Strategy Management, Predictive Asset Management and Others) By Deployment Type (On-premise and Hosted) By Vertical (Energy & Utilities, Oil & Gas, Manufacturing, Mining & Metal, Government & Public Sector, Chemicals & Pharmaceutical and Others)
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Market Report Description
The Europe Asset Performance Management Market would witness market growth of 8.6% CAGR during the forecast period (2019-2025). The growing adoption of integrated asset performance management systems is projected to accomplish operational excellence would fuel market growth. Managing asset performance can help companies maximize their operating asset use and maintenance, like those of plants, facilities, and infrastructure. Some of the assets that businesses that use dedicated systems are constantly tracking include heavy equipment, heavy machinery, turbine engines, and power transformers.
The complex nature of infrastructure makes it necessary to ensure its reliable operation without compromising health and safety standards. It also becomes important to comply with industry and environmental norms. Asset Performance Management enables companies to monitor and evaluate historical and real-time operational and asset data to optimize asset performance, reduce costs and promote mission-critical decision-making in key business operations. Using APM, organizations can build reliable, optimized inspection and maintenance plan to reduce operational risks and increase overall reliability, efficiency, and availability.
Based on Category, the market is segmented into Asset Reliability Management, Asset Strategy Management, Predictive Asset Management and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Vertical, the market is segmented into Energy & Utilities, Oil & Gas, Manufacturing, Mining & Metal, Government & Public Sector, Chemicals & Pharmaceutical and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, IBM Corporation, General Electric (GE) Co., SAP SE, Schneider Electric SE (Schneider Electric Software LLC), Siemens AG, Nexus Global Business Solutions, Inc., Aspen Technology, Inc., Bentley Systems, Inc. and SAS Institute, Inc.
Scope of the Asset Performance Management Market Analysis
- Asset Reliability Management
- Asset Strategy Management
- Predictive Asset Management
By Deployment Type
- Energy & Utilities
- Oil & Gas
- Mining & Metal
- Government & Public Sector
- Chemicals & Pharmaceutical
- Rest of Europe
- ABB Group
- IBM Corporation
- General Electric (GE) Co.
- SAP SE
- Schneider Electric SE (Schneider Electric Software LLC)
- Siemens AG
- Nexus Global Business Solutions, Inc.
- Aspen Technology, Inc.
- Bentley Systems, Inc.
- SAS Institute, Inc.
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