Asset Performance Management Market Summary
The global asset performance management market size was estimated at USD 26.51 billion in 2025 and is projected to reach USD 67.50 billion by 2033, growing at a CAGR of 12.5% from 2026 to 2033. Due to the need for organizations to maximize asset reliability, reduce maintenance costs, and extend lifecycles in capital-intensive industries where unplanned downtime is increasingly costly.
Advancements in Industrial Internet of Things (IIoT), AI, machine learning, and big data analytics are enhancing Asset Performance Management (APM) capabilities, with connected sensors and analytics platforms enabling early fault detection, optimized maintenance scheduling, and a shift from reactive to predictive strategies. Aging infrastructure across sectors such as utilities, energy, manufacturing, and transportation, coupled with budget constraints, push companies to use asset performance management to extend asset life, maintain safety, and boost efficiency without large capital investments, while stringent regulatory and safety compliance requirements in industries such as oil & gas, aviation, and pharmaceuticals further drive adoption by ensuring documentation, traceability, and audit readiness.
The asset performance management (APM) market has been evolving continuously in line with the advances in technology and the changing needs of the incumbents of various end-use industries and industry verticals. Several vendors are striking strategic partnerships with end users as part of their efforts to strengthen their foothold in the market. For instance, in February 2025, Avathon, a U.S.-based AI platform provider for industrial operations, partnered with Google Cloud to accelerate AI-driven transformation in manufacturing, energy, retail, and more. The collaboration aims to expand Avathon's asset performance management, logistics, supply chain, and safety solutions using Google Cloud technology. Together, they will also advance go-to-market efforts and integrate Avathon's SDK and APIs with Google Cloud services.
Moreover, a significant driver of the asset performance management industry is the growing investments in smart manufacturing and automation. Industries worldwide are embracing Industry 4.0 principles, integrating advanced technologies such as the Industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning (ML), and robotics into their production processes. These technologies enable real-time monitoring, data-driven decision-making, and self-optimizing production systems. APM solutions are a critical component of this ecosystem, as they provide the analytics, predictive capabilities, and asset health insights necessary to keep highly automated facilities operating at peak efficiency.
According to the State of Smart Manufacturing Report 2025 by Rockwell Automation, the survey reveals a rising number of organizations planning to implement AI and machine learning for cybersecurity in the next year, underscoring their increasing importance in bolstering digital security. These technologies are also expected to reshape supply chain management, with about one-third of respondents planning to apply them in this area, and half intending to use them for quality control.
Global Asset Performance Management Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global asset performance management market report based on category, deployment, vertical, and region:
- Category Outlook (Revenue, USD Billion, 2021 - 2033)
- Predictive Asset Management
- Asset Reliability Management
- Asset Strategy Management
- Others
- Deployment Outlook (Revenue, USD Billion, 2021 - 2033)
- On Premises
- Hosted
- Public Cloud
- Private Cloud
- Vertical Outlook (Revenue, USD Billion, 2021 - 2033)
- Energy & Utilities
- Oil & Gas
- Manufacturing
- Mining & Metal
- Government & Public Sector
- Transportation
- Chemicals & Pharmaceutical
- Others
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology segmentation & scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Asset Performance Management Variables, Trends & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Asset Performance Management Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Asset Performance Management Market: Category Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Asset Performance Management: Category Movement Analysis, USD Billion, 2025 & 2033
- 4.3. Predictive Asset Management
- 4.3.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. Asset Reliability Management
- 4.4.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.5. Asset Strategy Management
- 4.5.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.6. Others
- 4.6.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Asset Performance Management Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Asset Performance Management: Deployment Movement Analysis, USD Billion, 2025 & 2033
- 5.3. On Premises
- 5.3.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. Hosted
- 5.4.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4.2. Public Cloud
- 5.4.2.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4.3. Private Cloud
- 5.4.3.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Asset Performance Management Market: Vertical Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Asset Performance Management: Vertical Movement Analysis, USD Billion, 2025 & 2033
- 6.3. Energy & Utilities
- 6.3.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4. Oil & Gas
- 6.4.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5. Manufacturing
- 6.5.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6. Mining & Metal
- 6.6.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.7. Government & Public Sector
- 6.7.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.8. Transportation
- 6.8.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.9. Chemicals & Pharmaceutical
- 6.9.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.10. Others
- 6.10.1. Market Size Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 7. Asset Performance Management Market: Regional Estimates & Trend Analysis
- 7.1. Asset Performance Management Share, By Region, 2025 & 2033, USD Billion
- 7.2. North America
- 7.2.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.2.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.2.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.2.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.2.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.6.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.2.6.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.2.6.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.2.7. Mexico
- 7.2.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.2.7.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.2.7.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.2.7.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.3. Europe
- 7.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.3.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.3.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.3.5. UK
- 7.3.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.3.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.3.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.3.6. Germany
- 7.3.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.6.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.3.6.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.3.6.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.3.7. France
- 7.3.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.3.7.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.3.7.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.3.7.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4.5. China
- 7.4.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4.6. India
- 7.4.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.6.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.6.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.6.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.7.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.7.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.7.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4.8. Australia
- 7.4.8.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.8.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.8.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.8.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.4.9. South Korea
- 7.4.9.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4.9.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.4.9.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.4.9.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.5. Latin America
- 7.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.5.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.5.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.6.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.6.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.5.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.6.5.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.6.5.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.6.6. UAE
- 7.6.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.6.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.6.6.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.6.6.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
- 7.6.7. South Africa
- 7.6.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6.7.2. Market estimates and forecast by category, 2021 - 2033 (Revenue, USD Billion)
- 7.6.7.3. Market estimates and forecast by deployment, 2021 - 2033 (Revenue, USD Billion)
- 7.6.7.4. Market estimates and forecast by vertical, 2021 - 2033 (Revenue, USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share Analysis
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research and Development
- 8.6. Company Profiles
- 8.6.1. ABB
- 8.6.1.1. Participant's Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. Aspen Technology Inc
- 8.6.2.1. Participant's Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. AVEVA Group Limited
- 8.6.3.1. Participant's Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Bentley Systems, Incorporated
- 8.6.4.1. Participant's Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. DNV
- 8.6.5.1. Participant's Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. GE Vernova
- 8.6.6.1. Participant's Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. IBM Corporation
- 8.6.7.1. Participant's Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. Rockwell Automation
- 8.6.8.1. Participant's Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. SAP SE
- 8.6.9.1. Participant's Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. SAS Institute, Inc.
- 8.6.10.1. Participant's Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. Siemens Energy
- 8.6.11.1. Participant's Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments