US Asset Performance Management (APM) Market Size | COVID-19 Impact Analysis | Forecast to 2026
US asset performance management (APM) market is projected to grow at a significant CAGR during the forecast period (2020-2026). The growing adoption of the analytical tools further raises the demand for APM solutions in various verticals such as energy & utility, BFSI, IT & telecom, and others. Additionally, these industries also consist of valuable assets other than the hardware, which soars the demand for APM solutions and hence the market growth.
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Moreover, in the country firms
having 20 to 99 employees have increased by over 6 thousand units. Whereas,
firms having people around 100 to 499 increased by 1,700 units over the same
period. Therefore the growing number of enterprises in the country further
encourages the demand for APM solutions.
Moreover, the significant growth
in the energy & utility sector in the country further propels the market
growth. According to BP PLC, the US generated nearly, 4,348 TWh of electricity
in 2016, which increased to 4,460 TWh in 2018.
Moreover, solar generation was
valued at 55.4 TWh in 2016 which increased exponentially to over 97.0 TWh in
2018, whereas, wind generation saw a rise of around 48.4 TWh over the period
2016-2018. The increase in the electricity generating capacity adds assets to
the company including solar farms, windmills, and many others. This could lead
to an increase in the adoption of APM solutions by such companies to manage and
monitor their assets to enhance efficiency.
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Key Questions Addressed by the Report
·
What is the market growth rate during the forecast
period?
·
Which segment dominates the market in the base year?
·
Which segment will project the fastest growth in the
market during the forecast period?
·
How will COVID-19 impact the market growth in 2020 and
the coming years?
·
Recovery Timeline
·
Deviation from the pre-COVID forecast.
·
Most affected segment
·
Recommendations
·
Who is the leader in the market?
·
How are players addressing challenges to sustain growth?
·
Where is the investment opportunity?
US APM Market – Segmentation
By deployment
·
Cloud-based
·
On-Premises
By Industry
·
BFSI
·
Energy & Utilities
·
Healthcare
·
Government
·
IT & Telecom
·
Others (Food & Beverages)
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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