Asset Reliability Software (ARS) Market 2019 Global Leading Key Players, Historical Study, Segments, Size and Growth by Forecast to 2023
Mar 5, 2019
Global Asset Reliability Software (ARS) Market is expected to grow at a CAGR 10% over the forecast period
Pune, India - March 5, 2019 /MarketersMedia/ —
Market Synopsis:
As per Market Research Future (MRFR) s analysis, the global asset reliability software market is poised to strike a CAGR of 10% during the forecast period 2017 to 2023. Asset reliability software optimizes tasks assigned to the asset management staff by automating the majority of the financial, commercial, administrative, and technical operations. The software has gained a quick mileage owing to its efficiency in managing the physical assets.
The Asset Reliability Software Market is expected to remain highly lucrative and witness an upsurge in demand over the next couple of years. The factors that are contributing towards the growth of the market are increased life of assets, minimized maintenance and procurement costs, better returns on investments, etc. it has paved its way across major industries such as manufacturing, oil and gas, healthcare, energy and utilities, transportation and logistics, etc. The growth of these industries is projected to propel the expansion of the asset reliability software market over the next couple of years.
The compliance with legal parameters such as license procurement and renewal has accelerated the adoption of asset reliability software. It facilitates the achievement of higher operational efficiency which is likely to augment the asset reliability software market across the review period.
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Competitive Dashboard:
Some of the key players profiled in this report are ABB Ltd. (Switzerland), Dude Solutions, Inc. (U.S.), eMaint (U.S.), CGI Group Inc. (U.S.), International Business Machines (IBM) Corporation (U.S.), Infor (U.S.), Oracle Corporation (U.S.), IFS AB (Sweden), SAP SE (Germany), Schneider Electric SA (France), Ramco Systems (India), and Vesta Partners, LLC (U.S.).
Market Segmentation:
By revenue source, the global asset reliability software market has been segmented into software and services. The software has been further sub-segmented into linear assets, non-linear assets, field service management (FSM), and maintenance repair and operations (MRO). The services segment is sub-segmented into professional services and managed services.
By deployment, the asset reliability software market has been segmented into on-premise and cloud.
By industry, the global asset reliability management software has been segmented into aerospace, defense, food & beverages, chemical, mining, transportation, and others.
Regional Analysis:
The global asset reliability software market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is currently leading the market growth and is poised to retain its position through the assessment period.
Asia Pacific has been anticipated to exhibit substantial growth over the next few years, especially in the fast-developing country-level markets such as India, China, South Korea, Singapore, and Japan. The developments in communications technology are presumed to dictate the growth trajectory of the regional asset reliability software market in the upcoming years. The advent of 5G services is likely to have a major influence on the expansion of the market over the assessment period.
Industry News:
In February 2019, The Emerson Electric Co., an American multinational corporation, has announced the release of its latest AMS Device Manager designed to improve plant reliability through managed data for proactive management of field devices.
In February 2019, Lloyd's Register (LR), a professional services company with a focus on engineering and technology solutions, has announced the launch of its LR AllAssets at the ARC Industry Forum in Orlando, Florida, USA.
In January 2019, Aspen Technology, Inc., an asset optimization software company, has won a contract from IRPC PLC, Southeast Asia s integrated petrochemical leader, for the deployment of
Aspen Mtell software in refinery and petrochemical plants.
In January 2019, one of the top ERP software companies, ESS, has announced the deployment of energy management software in Caribbean island Bonaire for increasing reliability and reducing cost.
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Intended Audience:
Implementation service providers
EAM solution providers
Energy & utility companies
System design & development vendors
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued .
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List of Tables
Table 1 Global Asset Reliability Software Market: By Region, 2017-2023
Table 2 North America Asset Reliability Software Market: By Country, 2017-2023
Table 3 Europe Asset Reliability Software Market: By Country, 2017-2023
Continued .
List of Figures
Figure 1 Global Asset Reliability Software Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Asset Reliability Software Market
Continued .
About Market Research Future:
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/asset-reliability-software-market-5072
Source: MarketersMedia
Release ID: 488830
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