According to MarketsandMarkets™, the global Asset Performance Management Market is witnessing strong momentum. The market is projected to grow from approximately USD 2.16 billion in 2025 to USD 3.55 billion by 2030, registering a CAGR of 10.5% during the forecast period.
Asset performance management has reshaped industrial operations by embedding predictive maintenance, real-time monitoring, and advanced analytics into enterprise asset strategies. These capabilities help organizations identify anomalies early, optimize maintenance schedules, and extend asset life while minimizing costly downtime. By leveraging machine learning, IoT-enabled sensors, and digital twins, APM platforms provide continuous visibility into asset condition and performance. This improves operational reliability, safety compliance, cost control, and resource utilization, particularly across asset-intensive sectors such as energy, utilities, transportation, and manufacturing. Consolidating asset data from multiple systems creates a unified source of truth, enabling better decision-making and aligning maintenance initiatives with broader business goals. As a result, enterprises can maximize capital investments, boost productivity, and remain competitive across the asset lifecycle.
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Among solutions, sustainability & emission management is expected to capture the largest market share during the forecast period.
Sustainability and emissions management are emerging as strategic imperatives in the APM landscape as regulatory pressure, investor expectations, and corporate ESG commitments intensify. Organizations are increasingly required to measure, reduce, and transparently report their carbon footprint. Vendors are responding with platforms that automate emissions tracking, integrate energy usage data, and generate auditable reports aligned with Scope 1, Scope 2, and expanding Scope 3 requirements.
For example, ABB’s August 2024 acquisition of Germany-based Födisch Group strengthened its continuous emissions monitoring systems (CEMS) portfolio, enhancing analytics capabilities in response to stricter environmental standards. Similarly, Schneider Electric launched Zeigo Activate Lite in September 2024, a freemium emissions management SaaS solution that enables customers to establish baselines, define decarbonization targets, and monitor Scope 1 and 2 emissions. These developments reflect growing demand for tools that move beyond monitoring toward actionable insights and transparency. New vendors can gain traction by offering modular monitoring hardware, energy data pipelines, standards-compliant dashboards, and subscription models linked to emission reduction outcomes. Fast deployment, interoperability, and audit-ready reporting are becoming key differentiators in sustainability-focused APM procurement.
Among implementation and support services, managed services are projected to record the highest growth rate.
Managed services are expected to post the highest CAGR within the APM market. These services include continuous system monitoring, platform updates, data processing, alert management, and ongoing maintenance delivered through subscription-based models. They appeal to organizations that lack in-house analytics or reliability engineering expertise.
A notable example is Emerson’s May 2024 launch of a managed APM service for rotating equipment, which combines sensor deployment, cloud analytics, and routine performance reporting to reduce unplanned failures. Managed services are particularly attractive to mid-sized and asset-heavy enterprises seeking lower upfront investment and predictable operating expenses. Vendors can differentiate by establishing remote monitoring centers, offering tiered service packages, and defining SLAs for uptime, response time, and alert accuracy. This model enables customers to proactively maintain asset health while allowing providers to generate recurring revenue streams.
North America is expected to hold the largest market share during the forecast period.
North America continues to represent a major opportunity for APM vendors as industrial modernization and regulatory enforcement converge. In November 2024, Canada introduced draft regulations requiring oil and gas operators to reduce emissions by up to 35% compared to 2019 levels, driving adoption of predictive monitoring and optimization technologies. In March 2024, the US Environmental Protection Agency finalized Phase 3 greenhouse gas standards for heavy-duty vehicles, compelling manufacturers and fleet operators to invest in asset efficiency, lifecycle management, and real-time diagnostics.
These regulatory developments are accelerating demand for APM platforms that integrate IoT, advanced analytics, and digital twins to meet performance and compliance needs. Vendors that emphasize modular deployments, compliance-driven features, and partnerships with OEMs and cloud providers are well-positioned to gain traction in energy, utilities, and transportation sectors. The combination of strict regulations, infrastructure modernization, and resilience requirements makes North America one of the most attractive regions for innovative APM solutions.
Key players operating in the asset performance management market include GE Vernova (US), AVEVA (UK), ABB (Switzerland), IBM (US), SAP (Germany), Fluke (US), Emerson (US), Rockwell Automation (US), and Honeywell (US).
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