North American asset performance management (APM) market is projected to grow at a significant CAGR during the forecast period (2020-2026). The market is mainly driven due to the growing adoption of the cloud-based APM service in various industries such as healthcare, BFSI, energy & utilities.
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The cloud-based APM solutions provide various benefits such as improved return on asset, tracking of assets, and decrease in the procurement and maintenance cost which further provide significant adoption in the above-mentioned industries. Moreover, the presence of major players including General Electric Co., IBM Corp., Bentley Systems Inc., and others in the region further provide a significant share in the North American Market.
The major players contributing significantly by providing the advanced solution to the end-users in the region that further propels the market growth during the forecast period. For instance, General Electric Co. provides Predix APM is a suite of software and service solutions intended to support optimize the performance of enterprise assets. Predix APM joins disparate data sources and utilized advanced analytics to turn data into actionable insights while raising collaboration and knowledge-management across enterprises. The Predix APM operates across all equipment, all OEMs, industries, across the plant and fleet. Predix APM offers enterprises the flexibility to develop new analytics and applications, making it versatile to fitting dynamic requirements.
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North American APM Market – Segmentation
By Deployment
· Cloud-Based
· On-Premises
By Industry
· BFSI
· Energy & Utilities
· Healthcare
· Government
· IT & Telecom
· Others (Food & Beverages)
North American APM Market – Segmentation by Region
· United States
· Canada
Company Profiles
· Aspen Technology, Inc.
· Aptean Group
· Accruent
· Bentley Systems, Inc.
· eMaint Enterprises, LLC
· General Electric Co.
· IBM Corp.
· Infor
· Microsoft Corp.
· Nexus Global Business Solutions, Inc.
· OSIsoft, LLC
· Oracle Corp.
· Rockwell Automation, Inc.
· Uptake Technologies Inc.
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