The global asset performance management market attained a value of USD 5.76 Billion in 2025. The market is expected to grow at a CAGR of 10.10% during the forecast period of 2026-2035. By 2035, the market is expected to reach USD 15.08 Billion.
As an effect of the increase in digital transformation, the development of digital solutions for improving asset performance management to decrease risks and costs has led to market growth. In October 2023, Hitachi Energy introduced the new Lumada APM, which significantly improves asset performance management across the energy and industrial sectors. This trend underlines the strategic significance of digital asset performance management (APM) solutions within energy, manufacturing, and utilities.
With the asset performance management industry becoming increasingly integrated, a major consideration is cybersecurity. In May 2024, Qualys, Inc. launched CyberSecurity Asset Management 3.0, a new tool that provides real-time discovery of IoT/OT assets and ongoing monitoring of the external attack surface to minimize unknown assets and false positives for organizations. This new product combines internal and external asset discovery with a patent-pending attribution process to provide instantaneous evaluation of vulnerabilities and cyber risks.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
10.1%
Value in USD Billion
2026-2035
*this image is indicative*
The asset performance management market is expected to gain significant momentum in the coming years as companies continue to commit themselves to decarbonization and energy usage reduction in sustainable asset operations. To that effect, for example, BNP Paribas REIM has deployed aedifion's cloud-based asset performance platform across 66 buildings in Germany, Austria, Switzerland, and the Netherlands. The platform integrates data from building systems, occupancy, and weather to enable AI-driven optimization of asset performance, energy consumption, and carbon footprint.
Industries such as automotive and electronics, especially in countries like Germany and Japan, integrate APM with Industry 4.0 architectures. German automakers, for instance, have already reduced unplanned downtime by 25% by connecting APM with their MES systems, which bolsters predictive maintenance and real-time analytics. It also fortifies cybersecurity and data governance needed to keep increasingly connected assets and IoT devices within smart factories safe from cyber threats.
Companies are increasingly deploying predictive analytics to forecast asset failure, thus driving the growth of the asset performance management market. In June 2024, Hexagon introduced HxGN APM-a solution to help asset-intensive organizations optimize maintenance, reduce downtime, mitigate risk, and improve their return on investment. It integrates IoT and AI with real-time monitoring to deliver insights in real-time and helps organizations improve asset reliability while extending equipment life and fostering operational excellence with sustainability outcomes.
The increasing integration of asset performance management with ERP, MES, and supply chain systems leads to greater operational efficiency. A practical example is Siemens' integration, effective 2024, of its APM solutions with SAP ERP systems across the manufacturing plants worldwide. The system enabled real-time data sharing between maintenance, production, and procurement teams to optimize asset utilization and reduce downtimes. This drives the trend toward unified digital ecosystems that drive smarter, quicker decision-making across industrial settings.
IoT sensors create proactive asset performance management demand with real-time data. In 2024, General Electric introduced an AI-enabled digital twin platform to offer predictive insights and decrease maintenance costs for industrial assets. The platform will integrate machine learning with advanced analytics to optimize asset utilization, reduce unplanned downtime, and provide energy efficiency with sustainability initiatives across all industrial operations. By providing continuous monitoring and enabling predictive maintenance, it allows them to extend the life of assets and enhance the overall operational resilience of organizations.
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The EMR’s report titled “Asset Performance Management Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
Key Insight: The solution component comprises software platforms, analytics tools, digital twins and condition‑monitoring suites. Companies invest in APM solutions as they provide core functionality like asset health monitoring, predictive failure forecasting, maintenance planning, and risk‑mitigation analytics. For example, Yokogawa rolled out APM solutions integrating its “Sushi Sensor” IIoT devices and platforms supporting cloud or on-premises deployment, enabling asset health monitoring and alarm notifications with advanced AI analytics.
Market Breakup by Deployment Mode
Key Insight: The on-premise asset performance management market remains significant, especially in asset intensive industries with legacy infrastructure, high regulatory or data‐sovereignty requirements. A real-life illustration is AVEVA’s October 2023 launch of its PI Data Infrastructure, designed for on-premise deployment. It unifies plant and edge data, offering seamless integration with control systems and adherence to compliance frameworks.
Market Breakup by Organisation Size
Key Insight: Large enterprises dominate the market due to their extensive asset portfolios, higher budgets, and strategic focus on operational efficiency. Sectors like oil & gas, energy, utilities, and manufacturing rely heavily on advanced APM solutions to monitor thousands of critical assets across multiple locations. For instance, companies like General Electric and Hexagon deploy AI-driven digital twins, predictive maintenance, and real-time IoT monitoring for large industrial operations.
Market Breakup by Industry Vertical
Key Insight: The energy & utilities vertical leads the asset performance management adoption as it encompasses power generation, transmission & distribution, water & gas utilities. In May 2024, Honeywell launched Forge Performance+ for Utilities, an AI-driven platform to optimize utility grid asset performance, operations, and predictive maintenance. The platform integrates real-time IoT sensor data, predictive analytics, and digital twin technology to support decarbonization initiatives across complex and distributed energy infrastructures.
Market Breakup by Region
Key Insight: North America dominates, driven by early adoption of digital technologies, strong industrial infrastructure, and regulatory compliance requirements. The United States and Canada lead in deploying IoT, AI, and digital twin-based APM solutions across energy, oil & gas, manufacturing, and utilities. For example, General Electric launched its AI-powered digital twin platform in 2024 to optimize industrial assets and predictive maintenance. Large-scale enterprises in this region prioritize reducing downtime, improving operational efficiency, and achieving sustainability targets.
APM Services to Gain Popularity during the Forecast Period
The service segment of the asset performance management market is expanding. In January 2025, CAMS launched new asset performance management services that would enable organizations to improve asset reliability and performance more effectively. APM services utilize data analytics, predictive maintenance, and real-time monitoring to identify potential issues, optimize performance, and reduce downtime. This enables enterprises of all sizes to adopt scalable, cost-effective APM strategies and realize measurable improvements.
Growing Adoption of Cloud APM
Scalability, lower upfront cost, remote accessibility, and rapid deployment have caused cloud-based APM solutions to capture increasing market share. For instance, Schneider Electric launched EcoStruxure Asset Advisor in 2024, a cloud-based APM solution that brings real-time monitoring and analytics from multiple facilities into one place, enabling customers to optimize asset reliability while reducing operational costs. The adoption of cloud-based APM is further accelerated by advanced AI and machine learning capabilities that enable organizations to predict equipment failures and perform proactive maintenance.
SMEs to Boost Asset Performance Management Deployment
Small and medium enterprises represent a major asset performance management industry share. Unlike large enterprises, SMEs usually do not possess huge IT infrastructure, due to which SaaS-based or cloud-deployed APM solutions are a key attraction for SMEs. For instance, Micro Focus introduced "Application Performance Management Advanced for SaaS" that offers an on-demand APM solution, decreasing upfront costs, quick deployment within days, and no heavy internal infrastructure.
Surging APM Application in Oil and Gas & Manufacturing
Major vertical for APM solutions includes the oil and gas industry. Operators, given the huge value and risk involved in upstream and downstream assets, rely heavily on APM to reduce downtime, avoid hazards, ensure safety, and prolong the life of those assets. SymphonyAI's "APM 360™" was selected by the manufacturer of aluminum Novelis, for a multi-plant rollout in a manufacturing environment in November 2022. The solution merges IIoT, AI, and physics-based modelling in order to monitor machine health and reduce unplanned outages.
Manufacturing represents a vertical that is strong and growing within the asset performance management market, as it includes both discrete manufacturing and process manufacturing. Manufacturers implement APM solutions to improve production uptime, optimize maintenance scheduling, monitor equipment health, and reduce scrap/rework. For example, Rockwell Automation’s Plex asset performance management is a cloud‑based solution for manufacturing assets offering real‑time monitoring, predictive maintenance, and analytics to reduce unplanned downtime and improve machine reliability.
Europe & Asia Pacific to Lead Asset Performance Management Demand
The Europe market is driven by stringent regulatory standards, sustainability initiatives, and industrial modernization efforts. Germany, the United Kingdom, and France lead adoption in energy, automotive, chemicals, and manufacturing sectors. For example, Siemens Energy offers IoT-enabled digital twins and predictive maintenance solutions for European power plants to optimize asset utilization and reduce unplanned outages. The strong focus of the region on decarbonization, energy efficiency, and smart factories further supports the development of the asset performance management market.
The Asia Pacific will experience the fastest growth rate owing to rapid industrialization, infrastructure expansion, and increased digitalization in countries like China, India, Japan, and South Korea. Large enterprises within energy, manufacturing, and mining industries are increasingly deploying cloud-based APM and IoT solutions for monitoring critical assets to prevent downtime. Advantech, for example, launched WISE‑PaaS/APM as a Service framework in China, which provided the possibility to monitor both fixed and mobile assets in real time via edge‑cloud integration for shipboard and industrial installation.
Key players in the asset performance management market are focusing on improving operational efficiency, reducing downtime, and enhancing asset reliability by developing advanced technologies. Leading companies are integrating AI, IoT, and predictive analytics to facilitate real-time monitoring and evidence-based maintenance decisions. Many firms are investing in cloud-based APM platforms to ensure scalability, faster deployment, and seamless integration with enterprise systems like ERP and EAM.
To improve the functionality of the solution and enhance their market position, partnerships and collaborations with industrial automation and software providers are common. Vendors place a strong focus on cybersecurity and data governance to ensure secure asset data management, particularly in critical industries like oil & gas, energy, and manufacturing.
ABB Ltd was founded in 1988 and is headquartered in Zurich, Switzerland. The company primarily deals in electrification, automation, and digital solutions for various industries across the world. Its innovative development includes notably improving asset performance through the ABB Ability platform, which integrates AI, IoT, and data analytics to enhance reliability in operations.
Headquartered in Walldorf, Germany, SAP SE was founded in 1972 and has since become a global leader in enterprise software. Its SAP APM suite drives innovation in asset performance management through the use of machine learning and IoT technologies that improve asset efficiency, reduce downtime, and support sustainability-focused operations.
Oracle Corporation was founded in 1977 and is located in Austin, United States, with most of its emphasis on cloud-based software and database technologies. It has advanced asset management through Oracle Cloud APM by integrating AI, automation, and predictive analytics that help to optimize the maintenance strategies and ensure peak asset life cycle performance in various industries.
IBM was founded in 1911 and is headquartered in Armonk, the United States. The company develops and sells software that is artificial intelligence-driven, hybrid cloud, and analytics solutions. Its IBM Maximo Application Suite represents a major innovation in asset performance management, offering predictive maintenance, IoT integration, and sustainability-driven analytics for smarter industrial operations.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the global asset performance management market are AVEVA Group plc, and Siemens Energy Global GmbH & Co. KG, among others.
Download your free sample of the asset performance management market report 2026 to explore key trends, forecasts, and real-life APM solution launches. Discover growth opportunities, regional insights, and actionable data to optimize your strategy in the rapidly evolving APM market. Stay ahead with expert analysis on deployment modes, industry adoption, and emerging technologies shaping 2026 and beyond.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 5.76 Billion.
The market is projected to grow at a CAGR of 10.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 15.08 Billion by 2035.
Key strategies driving the market include integrating AI, IoT, and predictive analytics for real-time monitoring, adopting cloud-based platforms for scalability, and leveraging digital twins for virtual asset modeling. Companies also focus on cybersecurity, sustainability, and partnerships to enhance operational efficiency, reliability, and data-driven maintenance.
Rising concerns regarding labour safety and the increasing cost-effectiveness of asset performance management are the key trends of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of asset performance management in the market are solution and service.
The significant deployment modes of asset performance management are on-premise and cloud.
The different organisation sizes of asset performance management are large enterprises, and small and medium enterprises.
The various industry verticals of asset performance management are energy and utilities, oil and gas, manufacturing, mining and metals, healthcare and life sciences, chemical and pharmaceuticals, government and defence, IT and telecom, and food and beverages, among others.
The key players in the market report include ABB Ltd, SAP SE, Oracle Corporation, International Business Machines Corporation, AVEVA Group plc, and Siemens Energy Global GmbH & Co. KG, among others.
Large enterprises dominate the market due to their extensive asset portfolios, higher budgets, and strategic focus on operational efficiency.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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