Asia-Pacific Asset Performance Management (APM) Market Size & Growth Analysis Report, 2019-2025
Asia-Pacific asset performance management (APM) market is projected to grow at a significant CAGR during the
forecast period (2020-2026). The market is mainly driven by the growing demand
for a digital and analytical solution in various sectors including IT &
telecom, BFSI, energy & utilities, and others sector. Some of the major
companies offering APM software in the region include Oracle, SAP, IBM,
Microsoft Corp., and so on. The countries which are contributing significantly
to the growth of the market include China, India, Japan, and the Rest of
Asia-Pacific. Among these countries, China contributes significantly to the
Asia-Pacific APM market owing to the growth in the various end-user industry
such as energy & utilities, BFSI, IT & telecom, and others.
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China is the largest consumer of energy and utilities for a
couple of years. As per BP PLC, in 2019 the fuel consumption of the country was
around 3.3 billion tons equivalent oil. The county is a coal-dependent country
and around 58% of the total energy consumed is generated by coal. Renewable
sources of energy increased by 111 million tons of oil equivalent in 2018 to
143 million tons of oil equivalents in 2019. The increasing demand for energy
and utilities in the country is continuously adding assets in the country
including solar farms, windmills, thermal power plants, and others which are
providing significant scope for the APM industry in the near
future.
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Asia-Pacific APM Market – Segmentation
·
Cloud-based
·
On-Premises
By Industry
·
BFSI
·
Energy & Utilities
·
Healthcare
·
Government
·
IT & Telecom
·
Others(Food & Beverages)
By
Region
·
China
·
India
·
Japan
Rest of Asia-Pacific
Company
Profiles
·
ABB
Ltd.
·
Bentley
Systems, Inc.
·
General
Electric Co.
·
IBM
Corp.
·
Infor
·
Microsoft
Corp.
·
Oracle
Corp.
·
Rockwell
Automation, Inc.
·
SAP SE
·
Siemens
AG
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