MRRS adds "Plant Asset Management (PAM) Market – Global Forecast to 2022" latest studies,published in December 2016. It is a professional and in-depth study.

The plant asset management market is expected to be valued at USD 7.87 billion by 2022, growing at a CAGR of 10.7% between 2016 and 2022. The key driving factors for the growth of the PAM market are increasing adoption of lean manufacturing practices and growing demand for cloud-based PAM solutions, real-time data analysis, and failure detection software. However, high investment cost, need for periodic upgradation of plant asset management solutions, and complexity involved in installation are some of the key factors restraining the growth of the plant asset management market.
“The market for services segment expected to grow at the highest rate during the forecast period”
The services segment is expected to lead the global plant asset management market in terms of market share as well as CAGR during the forecast period. Increasing demand for industry-specific services is the key factor expected to drive the growth of the services segment.
“Oil and gas expected to account for the largest share of the PAM market during the forecast period”
The oil and gas industry is expected to hold the largest size of the plant asset management market during the forecast period. Safety and reliability of the oil and gas plant is crucial for the management of plant assets. Thus, the industry needs PAM solutions for ensuring the safety and operational efficiency of the oil and gas plants.

Figure And Tables
TABLE 1 PAM MARKET, BY OFFERING 39
TABLE 2 PAM MARKET, BY DEPLOYMENT MODE 39
TABLE 3 PAM MARKET, BY ASSET TYPE 40
TABLE 4 PAM MARKET, BY END-USER INDUSTRY 40
TABLE 5 PLANT ASSET MANAGEMENT MARKET, BY OFFERING, 2016–2022 (USD BILLION) 54
TABLE 6 PLANT ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODE, 
2016–2022 (USD BILLION) 58
TABLE 7 PLANT ASSET MANAGEMENT MARKET, BY ASSET TYPE, 2016–2022 (USD BILLION) 62
TABLE 8 PAM MARKET, BY END-USER INDUSTRY, 2013–2022 (USD BILLION) 67
TABLE 9 PAM MARKET, BY PROCESS INDUSTRY, 2013–2022 (USD MILLION) 69
 ...

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