Latest Trends in IoT, big data and other technologies generating lucrative opportunities for global asset reliability software

2018-04-30 14:51:29

According to a new report published by Reports Monitor titled, “Global Asset Reliability Software Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Asset Reliability Software market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. 

Asset reliability also known as asset performance management (APM) refers to the utilization of the assets in an efficient and planned manner for achieving business specific goals. In business associations, it is a system that empowers directors to make great utilization of their physical resources.

Increased assets of developed organizations, low maintenance cost, effective analyzing of the assets with increased return on assets are the major factor responsible for the growth of asset reliability software market. Sectors such as oil and gas, manufacturing, healthcare, transportation and others has supported in the growth of asset reliability software market. Trending technology such as IoT, big data, analytics has resulted in generating new opportunities for asset reliability.

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This report provides a detailed analysis of Asset Reliability Software market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.

Asset reliability software market is segmented on the basis of: revenue source, deployment method and applications. On the basis of revenue source the market is segmented into software and services. The software is further classified into linear and non-linear assets and field service management. The services include the professional and managed service. On the basis of deployment method the market is bifurcated into: on –premise and cloud based. Based on the end-use/ application, the market is being widely used in manufacturing, aerospace and defense, mining, transportation. 

On the basis of the regions covered the market is analyzed across: North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Growing demand for centralization and automation is the major factor influencing the growth of North America. Expansion in the IT and Telecom sector coupled with rapid adoption of cloud based services not only by the large organizations but also by the small and medium based enterprises also affects market growth of Asia Pacific positively.

The major key players in the reliability software market are: ABB Ltd. (Switzerland), CGI Group Inc. (U.S.), Dude Solutions, Inc. (U.S.), eMaint (U.S.), International Business Machines (IBM) Corporation (U.S.), IFS AB (Sweden), Infor (U.S.), Oracle Corporation (U.S.), Ramco Systems (India), SAP SE (Germany), Schneider Electric SA (France), and Vesta Partners, LLC (U.S.)..

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