ARC Advisory Group Remains Optimistic About Long-term Growth for the Asset Performance Management Market
March 19, 2020 at 16:30 PM EDT
Despite the current social and economic turmoil surrounding the COVID-19 pandemic, ARC Advisory Group remains optimistic that the global market for industrial asset performance management (APM)-related solutions will rebound strongly over the long term. This new ARC market research report covers five key APM segments: enterprise asset management (EAM), plant asset management (PAM), field service management (FSM), asset integrity management (AIM), and asset reliability.
(PRUnderground) March 19th, 2020
APM Solutions a Key Element for Digital Transformation
Despite the current social and economic turmoil surrounding the COVID-19 pandemic, ARC Advisory Group remains optimistic that the global market for industrial asset performance management (APM)-related solutions will rebound strongly over the long term. According to Inderpreet Shoker, Senior Analyst at ARC Advisory Group and key author of ARC’s Asset Performance Management Global Market Research report:
“While the bulk of this research was performed prior to the current crisis, ARC’s model already factored in a certain degree of economic uncertainty. This pointed to a short-term slowdown, followed by significant market growth toward the end of the five-year forecast period. We believe this is still valid for three reasons. First, once resolved, the current crisis is likely to create a significant backlog in demand. Second, despite economic constraints, no industrial organization can afford to ignore asset management and reliability over the long term. And third, advanced APM solutions enable remote support across an enterprise, a key element for digital transformation.”
About the Asset Performance Management Global Market Research
The ARC market research report covers five key APM segments: enterprise asset management (EAM), plant asset management (PAM), field service management (FSM), asset integrity management (AIM), and asset reliability. ARC has also produced more detailed and higher resolution market analysis reports for each segment.
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the overall asset performance management global market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, and product type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.Press Contact
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