The global market for APM is projected to have considerable CAGR during the forecast period. The market growth is attributed to various pivotal factors such as the growing demand for cloud-based APM services associated with growing demand from small-medium sized enterprises (SMEs) across the globe. Owing to this, various cloud-based APM solution providers are introducing new products to fulfill the growing demand from different verticals. For instance, in October 2019, IBM announced the launch of IBM Maximo Enterprise Asset Management SaaS with an aim to provide the cloud-based asset management experience to global clients with the ability to generate role-based work centers.

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Further, in November 2018, Nuvolo collaborated with GE Healthcare to offer a cloud-based clinical EAM platform to Healthcare Technology Management (HTM) professionals. In addition, the increasing demand for innovative technologies such as Artificial Intelligence (AI) and machine learning for predicting and preventing system errors and reducing the overall maintenance cost is also driving the demand for EAM products in energy & utility, manufacturing, and IT & telecommunication industry.

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Asset Performance Management (APM) Market Segmentation

By deployment

Cloud-based

On-Premises

By Industry

BFSI

Energy &Utilities

Healthcare

Government

IT & Telecom

Others(Food & Beverages)

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

ABB Ltd.

Aspen Technology, Inc.

Aptean Group

AVEVA Group plc

Accruent

Bentley Systems, Inc.

DNV GL AS

eMaint Enterprises, LLC

General Electric Co.

IBM Corp.

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