Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled, ‘Industrial Asset Management Market by Offering, Deployment Mode, Asset Type, and End-use Industry (Food & Beverage, Pharmaceuticals, Biotechnology, Medical Devices, and Other Industries), and Geography - Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the global industrial asset management market is projected to reach $14.4 billion by 2029, at a CAGR of 12.2% from 2022 to 2029.
The growth of this market is driven by the benefits of cloud-based industrial asset management solutions and the rising need for the real-time monitoring of industrial assets. However, concerns regarding data security & confidentiality restrain the growth of this market. The integration of Artificial Intelligence, Machine Learning, and 5G technologies and the growing adoption of industrial asset management solutions in the pharmaceutical sector are expected to create growth opportunities for the players operating in this market. However, the lack of infrastructure & IT capabilities is a challenge for market growth. Additionally, the increasing integration of predictive analytics is a major trend in the industrial asset management market.
The global industrial asset management market is segmented by offering (solutions [predictive maintenance solutions, asset lifecycle management solutions, inventory management solutions, reporting & analytics solutions, and other industrial asset management solutions], services [professional services, managed services]), deployment mode (on-premise deployment, cloud-based deployment), asset type (conventional assets, automation assets), and end-use industry (food & beverage, chemicals, automotive manufacturing, pharmaceuticals, biotechnology, medical devices, metal & mining, energy & power, aerospace & defense, electronics & semiconductors, and other industries) The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the global industrial asset management market is segmented into solutions and services. In 2022, the solutions segment accounted for the larger share of the global industrial asset management market. The large market share of this segment is attributed to the increasing demand for cloud-based industrial asset management solutions, the growing need to reduce maintenance costs and procurement expenses among companies, and the need to gain a 360-degree view of assets. The solutions segment is also expected to register the highest CAGR during the forecast period.
Based on deployment mode, the industrial asset management market is segmented into on-premise deployment and cloud-based deployment. In 2022, the on-premise deployment segment accounted for the larger share of the global industrial asset management market. The large market share of this segment is attributed to the higher data security & privacy offered by on-premise IAM solutions, the increasing need to cater to the specific needs of various end-use industries, and the high acceptance of on-premise IAM solutions among large enterprises. However, the cloud-based deployment segment is expected to register the highest CAGR during the forecast period.
Based on asset type, the industrial asset management market is segmented into conventional assets and automation assets. In 2022, the automation assets segment accounted for the larger share of the global industrial asset management market. The large market share of this segment is attributed to the growing demand for efficient inventory tracking, better accountability and preventing theft and misuse of IT assets, a rise in demand for centralized vendor management and improved data accuracy, and a surge in demand to reduce the maintenance cost and ease the burden of audits. The automation assets segment is also expected to register the highest CAGR during the forecast period.
Based on geography, the global industrial asset management market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific accounted for the largest share of the global industrial asset management market. The large share of this market is attributed to the heavy investments by private and public industries to manage essential resources & machinery, the presence of a large number of industrial manufacturing industries, the surge in demand for cost-effective IAM solutions, and the increasing emphasis on leading providers to launch industrial asset management solutions & services. This region is also projected to grow at the highest CAGR during the forecast period.
Key Players
The key players operating in the global industrial asset management market are ABB Ltd (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Emerson Electric Co. (U.S.), Endress+Hauser Group Services AG (Switzerland), General Electric (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), SKF Group (Sweden), and Yokogawa Electric Corporation (Japan).
Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5438
Key questions answered in the report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Healthy Buildings Market to be Worth $71.5 Billion by 2031
Read MoreGenerative AI Market to Be Worth $133.9 Billion by 2031
Read MoreIndustrial Metaverse Market to be Worth $600.6 Billion by 2031
Read MoreCloud Encryption Market to be Worth $30.2 Billion by 2031
Read MoreSmart Contracts Market to be Worth $8.7 Billion by 2031
Read MoreIPTV Market to Be Worth $145.1 Billion by 2031
Read MoreSmart Parking Market to be Worth $22.9 Billion by 2031
Read MoreEnterprise AI Market to be Worth $171.2 Billion by 2031
Read MoreOver-the-air (OTA) Market to be Worth $20.7 Billion by 2031
Read MoreRF Test Equipment Market to be Worth $5.4 Billion by 2031
Read MoreAirport Security Market to be Worth $25.27 Billion by 2031
Read MoreAI in E-commerce Market to be Worth $11.1 Billion by 2031
Read MoreFood Traceability Market to be Worth $40.05 Billion by 2031
Read MoreSatellite Imaging Market to be Worth $8.6 Billion by 2031
Read MoreIoT Sensors Market to be Worth $71.6 Billion by 2031
Read MoreSmart Airports Market to be Worth $10.16 Billion by 2030
Read MoreEdge Security Market to Be Worth $82.4 Billion by 2031
Read MoreMetaverse Market to be Worth $815.8 Billion by 2030
Read MoreNFC Market to Reach $50.1 Billion by 2030
Read MoreBiosensors Market to be Worth $43.8 Billion by 2030
Read MoreSatellite IoT Market Worth $2.48 Billion by 2031
Read MoreSocial Media Management Market to Reach $109.4 Billion by 2031
Read MoreCloud Managed Services Market Worth $247.5 Billion by 2030
Read MoreSpeech-to-text API Market to be Worth $10 Billion by 2030
Read MoreOnline Gaming Market Worth $431.87 Billion by 2030
Read MoreCybersecurity Services Market Worth $158.4 Billion by 2030
Read MoreAviation MRO Market to be Worth $92.1 Billion by 2031
Read MoreSolid State Radar Market Worth $3.3 Billion by 2030
Read MoreIndustrial Asset Management Market Worth $14.4 Billion by 2029
Read More5G IoT Market Worth $17.68 Billion by 2030
Read MoreTokenization Market Worth $13.23 Billion by 2030
Read MoreSmart Retail Market Worth $91.36 Billion by 2030
Read MoreBusiness Intelligence Market Worth $47.9 Billion by 2029
Read MoreDigital Payment Market Worth $274.61 Billion by 2029
Read MoreMobile Security Market Worth $19.5 Billion by 2029
Read MoreAI Training Dataset Market Worth $9.35 Billion by 2029
Read MorePenetration Testing Market Worth $4.05 Billion by 2029
Read MoreCloud Security Market Worth $83.03 Billion by 2029
Read MoreBlockchain in Retail Market Worth $25.8 Billion by 2029
Read MoreSmart Building Market Worth $152.93 Billion by 2029
Read MoreIoT in Manufacturing Market Worth $233.6 Billion by 2029
Read MoreSmart Factory Market to be Worth $285.7 Billion by 2031
Read MoreSpeech Analytics Market Worth $14.1 Billion by 2029
Read MoreConnected Logistics Market to be Worth $57.75 Billion by 2029
Read MoreSmart Lighting Market Worth $39.91 Billion by 2029
Read MoreSmart Lock Market Worth $5.53 Billion by 2029
Read MorePoint-of-Sale Terminal Market Worth $152.5 Billion by 2029
Read MoreRegTech Market to be Worth $32.6 Billion by 2031
Read MoreEnvironmental Sensor Market Worth $13.53 Billion by 2029
Read MoreSecurity Analytics Market Worth $43.9 Billion by 2029
Read MoreGeospatial Solutions Market Worth $845.7 Billion by 2029
Read MoreMachine Condition Monitoring Market Worth $5.2 Billion by 2029
Read More5G Technology Market Worth $241.5 Billion by 2029
Read MorePackaging Automation Market to be Worth $118.8 Billion by 2031
Read MoreTokenization Market Worth $14.3 Billion by 2029
Read MoreIndustrial Cybersecurity Market Worth $49.53 Billion by 2030
Read MoreIoT in Retail Market Worth $42.6 Billion by 2029
Read MoreBiometric System Market Worth $51.6 Billion by 2029
Read MoreMobile Computer Market Worth $3.3 Billion by 2029
Read MoreVideo Analytics Market Worth $19.3 Billion by 2029
Read MoreRFID Market Worth $32.4 Billion by 2029
Read MoreApplication Security Market Worth $5.5 Billion by 2028
Read MoreNetwork Automation Market Worth $32.4 Billion by 2028
Read MoreSmart Water Management Market to be Worth $69.60 Billion by 2030
Read MoreVideo Conferencing Market Worth $24.4 Billion by 2028
Read MoreSCADA Market to be Worth $18.7 Billion by 2031
Read MoreGeospatial Analytics Market Worth $256 Billion by 2028
Read MoreAI in Manufacturing Market to Reach $84.5 Billion by 2031
Read MoreDigital Signage Market Worth $19.44 billion by 2027
Read MoreGraph Analytics Market Worth $2.03 Billion by 2027
Read MoreSmart Cities Market to be Worth $3,967.7 Billion by 2031
Read MoreAutomotive IoT Market Worth $541.73 billion by 2025
Read MoreDigital Twin Market to Be Worth $183 Billion by 2030
Read MoreFinTech Blockchain Market Worth $36.04 billion by 2028
Read MoreE-commerce Market to be Worth $21,168.6 Billion by 2030
Read MoreBlockchain Technology Market worth $28,248.7 million by 2025
Read MoreParking Management Market to be Worth $12.3 Billion by 2031
Read MoreArtificial Intelligence in Retail Market to Reach $92.7 Billion by 2031
Read MoreAgriculture IoT Market Worth $22.6 billion by 2028
Read MoreMobile Edge Computing (MEC) Market Worth $2.8 billion by 2027
Read More