Asset Performance Management Market to Reach New Heights with a Strong Double-Digit CAGR by 2030
The global asset performance management (APM) market, having crossed an approximate revenue of US$2 billion in 2022, is poised for remarkable growth, with a robust double-digit Compound Annual Growth Rate (CAGR) projected by the end of 2030. A recent market analysis highlights the key drivers, trends, and opportunities shaping this dynamic industry.
Industry 4.0 Revolutionizes Asset Performance Management
Asset performance management encompasses the synergy of people, processes, and cutting-edge technologies to enhance the uptime, revenue generation, and lifespan of physical assets while reducing operational costs and business risk. It has a profound impact on critical executive metrics like revenue, margin, customer satisfaction, work-in-process inventory, and return on assets (ROA). The ...