Asset Performance Management_PR

1. Asset Performance Management Market: Grow with a High CAGR- Global Industry Analysis, Key Manufacturers, Trends, Size, and Forecasts Analysis of Asset Performance Management Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~11.1% During 2024-2036 and Attain ~USD 66.9 Billion by 2036. Research Nester assesses the growth and market size of the global asset performance management market which is anticipated to be on account of the growing adoption of digital solutions and the growing investment in IT infrastructure. Research Nester’s recent market research analysis on “Asset Performance Management Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global asset performance management market in terms of market segmentation by vertical, component, deployment, enterprises size, and by region. The growing importance of blockchain technology to Promote Global Market Share of Asset Performance Management The global asset performance management market is estimated to grow majorly on account of the increasing usage of blockchain in asset performance management. Blockchain technology is significant as it provides significant solutions to numerous digital technology- related issues, and may improve data traceability throughout a corporate network. Blockchain technology is a worldwide breakthrough that is expanding at an unprecedented rate and is driving new ideas for social networks and shared storage. For instance, more than 35 million people, of the world's population, are now adopting blockchain technology. The emerging field of blockchain asset management seeks to leverage blockchain technology to offer a novel and fascinating approach to managing physical assets and increasing transparency. There are many significant benefits to using blockchain technology for asset management including supply chain data tracking, which promotes sustainability and trust while also making asset management easier. Also, effective asset management is crucial for managing the whole lifecycle of medical assets in the healthcare sector. To maintain medical assets operating smoothly and effectively, asset operations management intends to maximize the emphasis on preventative maintenance and extend the life of medical equipment. APM helps guarantee the availability and dependability of assets in healthcare facilities, which can enhance operational efficiency, lower downtime, and improve patient outcomes. Furthermore, asset performance management (APM) is a flexible field with a wide range of applications in the aerospace and defense industry. APM solutions are used by aerospace and defense companies to increase operational performance, save lifetime costs, and improve mission readiness.

2. Some of the major growth factors and challenges that are associated with the growth of the global asset performance management market are: Growth Drivers: Expanding oil and gas sector globally Flourishing transportation and logistics industry Challenges: The rising concern for risks associated with data security, and the need for a high level of expertise are some of the major factors anticipated to hamper the global market size of asset performance management. Data security has become even more important owing to an unparalleled surge in data volumes. Nowadays, data security is a major concern for businesses everywhere as cyberattacks have become more frequent which can cause substantial financial losses. High levels of expertise are required for the deployment and maintenance of APM, which may be a challenging, costly, and time-consuming process. Access our detailed report at: https://www.researchnester.com/reports/asset- performance-management-market/6338 By deployment, the global asset performance management market is segmented into on- premises and hosted. The hosted segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Public cloud deployment provides a greater choice of computing alternatives as well as more frequent upgrades for APM systems. By installing APM locally on a cloud, business processes can be accelerated and asset dependability across various types of infrastructure may be enhanced. In addition, in industries, where data confidentiality is crucial, on-premise asset performance monitoring software is widely employed. By region, the Europe asset performance management market is to generate the highest revenue by the end of 2036. This growth is anticipated by the growing focus on digitization. For instance, the European Union (EU) has established two primary objectives for the digital transformation of businesses by 2030: firstly, over 85% of SMEs are expected to attain a minimum level of digital intensity, and secondly, more than 70% of EU corporations are expected to leverage cloud computing services, big data analysis, or artificial intelligence. The European Union helps businesses throughout Europe adjust to the digital age as it is an essential component of economic growth and strategic independence. As a result, the asset performance management solutions market may grow at a quick pace as it is currently a

3. critical component of digital asset management transformation, helping to increase Return on Assets (ROA), evaluate and identify opportunities to improve asset performance and reduce maintenance costs. Request for customization @ https://www.researchnester.com/customized-reports- 6338 This report also provides the existing competitive scenario of some of the key players of the global asset performance management market which includes company profiling of Honeywell International, Inc., ABB, Aspen Technology, Inc., AVEVA Group plc, Bentley Systems, Incorporated, GE Digital, Rockwell Automation, Inc., SAP SE, SAS Institute, Inc., Total Resource Management, Inc., Siemens Energy AG, and others. Request Report Sample@ https://www.researchnester.com/sample-request- 6338 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919