Asset Performance Management Market Report by Component (Solution, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (Energy and Utilities, Oil and Gas, Manufacturing, Mining and Metals, Healthcare and Life Sciences, Chemical and Pharmaceuticals, Government and Defense, IT and Telecom, Food and Beverages, and Others), and Region 2025-2033

Asset Performance Management Market Report by Component (Solution, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (Energy and Utilities, Oil and Gas, Manufacturing, Mining and Metals, Healthcare and Life Sciences, Chemical and Pharmaceuticals, Government and Defense, IT and Telecom, Food and Beverages, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5863

Market Overview:

The global asset performance management market size reached USD 24.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 57.1 Billion by 2033, exhibiting a growth rate (CAGR) of 9.7% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 24.8 Billion
Market Forecast in 2033
USD 57.1 Billion
Market Growth Rate (2025-2033) 9.7%


Asset performance management (APM) relies on pattern recognition, artificial intelligence (AI), machine learning (ML), and data capture, integration, visualization and analytics for improving the reliability and availability of physical assets. It assists in reducing unplanned downtime, maintenance costs, the total cost of ownership (TCO) for assets, plants, and environment, health, and safety (EH&S) threats. It also helps optimize asset performance, increase return on assets (ROA), and improve visibility of operations. As a result, APM finds extensive applications in the manufacturing, healthcare, information technology (IT), and telecommunications industries around the world.

Asset Performance Management Market

Asset Performance Management Market Trends:

The rising digital transformation of different industry verticals presently represents one of the key factors propelling the growth of the market. Besides this, businesses operating in the food and beverage (F&B) industry face numerous challenges in executing different production processes, maintaining various systems and equipment, and managing the supply chain, prices, and availability of incoming raw materials. Consequently, APM solutions are increasingly being utilized as they aid in empowering the workforce and improving the overall equipment effectiveness (OEE). Moreover, these solutions enable businesses to evaluate financial risks and reward different asset investment and management strategies. In addition, APM solutions help assure that assets have the required capability for optimal operating performance to meet the dynamic business and production goals. These product benefits are strengthening the growth of the market. Apart from this, numerous asset-intensive businesses, particularly in the chemical, mining, oil and gas, and power and utility industries, are employing industrial internet of things (IIoT) and cognitive technologies to help enhance equipment reliability. This is offering lucrative growth opportunities to leading players operating in the industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global asset performance management market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on component, deployment mode, organization size and industry vertical.

Breakup by Component:

Asset Performance Management Market By Component

  • Solution
  • Service
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises
     

Breakup by Industry Vertical:

  • Energy and Utilities
  • Oil and Gas
  • Manufacturing
  • Mining and Metals
  • Healthcare and Life Sciences
  • Chemical and Pharmaceuticals
  • Government and Defense
  • IT and Telecom
  • Food and Beverages
  • Others
     

Breakup by Region:

Asset Performance Management Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Aspen Technology Inc., AVEVA Group plc, Bentley Systems Incorporated, Detechtion Technologies, DNV GL, GE Digital (General Electric Company), International Business Machines Corporation, Oracle Corporation, Rockwell Automation Inc., SAP SE, Sas Institute Inc., Schneider Electric SE and Siemens Energy AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Component, Deployment Mode, Organization Size, Industry Vertical, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, Aspen Technology Inc., AVEVA Group plc, Bentley Systems Incorporated, Detechtion Technologies, DNV GL, GE Digital (General Electric Company), International Business Machines Corporation, Oracle Corporation, Rockwell Automation Inc., SAP SE, Sas Institute Inc., Schneider Electric SE and Siemens Energy AG
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global asset performance management market was valued at USD 24.8 Billion in 2024.

We expect the global asset performance management market to exhibit a CAGR of 9.7% during 2025-2033.

The rising demand for asset performance management to reduce unplanned downtime, optimize asset performance, increase Return on Assets (ROA), improve visibility of operations, etc., is primarily driving the global asset performance management market.

The sudden outbreak of the COVID-19 pandemic has led to the widespread adoption of asset performance management for optimal operating performance across numerous organizations to meet the dynamic business and production goals, during the remote working scenario.

Based on the component, the global asset performance management market has been divided into solution and service. Currently, solution exhibits a clear dominance in the market.

Based on the deployment mode, the global asset performance management market can be categorized into on-premises and cloud-based, where on-premises currently account for the majority of the global market share.

Based on the organization size, the global asset performance management market has been segregated into large enterprises and small and medium-sized enterprises. Currently, large enterprises exhibit a clear dominance in the market.

Based on the industry vertical, the global asset performance management market can be bifurcated into energy and utilities, oil and gas, manufacturing, mining and metals, healthcare and life sciences, chemical and pharmaceuticals, government and defense, IT and telecom, food and beverages, and others. Among these, the energy and utilities sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global asset performance management market include ABB Ltd, Aspen Technology Inc., AVEVA Group plc, Bentley Systems Incorporated, Detechtion Technologies, DNV GL, GE Digital (General Electric Company), International Business Machines Corporation, Oracle Corporation, Rockwell Automation Inc., SAP SE, Sas Institute Inc., Schneider Electric SE, and Siemens Energy AG.

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Asset Performance Management Market Report by Component (Solution, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (Energy and Utilities, Oil and Gas, Manufacturing, Mining and Metals, Healthcare and Life Sciences, Chemical and Pharmaceuticals, Government and Defense, IT and Telecom, Food and Beverages, and Others), and Region 2025-2033
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