This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
This Asset Reliability Software & Services market research delivers current market analysis plus a five year market and technology forecast. The research is available in multiple editions including worldwide, all regions, and most major countries.
Asset Reliability Market: Artificial Intelligence and Analytics Drive Growth
According to ARC Advisory Group research, artificial intelligence and analytics are currently the hottest trends in the growing market for asset reliability software and services. The ability to parse enormous data sets to gain insight into asset health and performance enables manufacturing organizations to target their optimization efforts more finely than ever before. These techniques also introduce a new set of software-only suppliers to enter the reliability market that may not have the industry or process knowledge to be as effective as those with deep domain expertise. The market outlook remains upbeat for the asset reliability software and services solutions market, primarily driven by the accelerated adoption of AI and analytics for asset management applications.
Asset Reliability Software & Services Strategic Issues
In addition to providing a five-year market forecast, the Asset Reliability market research report provides detailed quantitative current market data and addresses key strategic issues as follows.
Embrace Digitalization
While critically important in today’s asset-intensive industries, Industrial IoT and PdM initiatives should be expanded and be viewed as foundational components for digital transformation initiatives. Companies that are just now focusing on digitalization are somewhat behind their peers, but are still not too late to get started. New digital technologies can augment asset reliability, maintenance, and operational processes to new levels of performance.
Improve Data Management
Multiple end users have shared with ARC that the inability to identify the correct asset record was a contributing factor in incidents involving significant loss. This is an excellent reason to make asset information the foundation for improved asset reliability as well as digital transformation. The hallmarks of good asset information are complete, accessible, current, and trustworthy. Good asset information can provide the basis for the plant’s license to operate by improving risk management, decreasing unplanned shutdowns/slowdowns, increasing productivity, reducing supply chain costs, and reducing the time needed to commission assets. Managing asset data provides a sustainable path forward.
Integrate Different Asset Management Solutions
IoT, edge computing, and analytics provide a deeper understanding of maintenance needs that is central to the effectiveness of modern APM systems. Owner/operators should make sure that the functions in their applications meet expectations for ease-of-use, analysis, and systems integration. For successful asset management operations, it is crucial that users integrate their different asset management solutions. When information and data is easily transferred between different applications, it simplifies the job of maintenance and operations staff. Without integration, key data remains siloed and never leveraged to its full potential by different APM systems.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Major Market Trends
- Executive Overview
- Strategies for Buyers
- Strategies for Suppliers
- Growth Contributors and Inhibitors
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Software
- Services
- Market Shares by Service Type
- Consulting
- Implementation
- Maintenance
- Market Shares by Industry
- Aerospace & Defense
- Chemical
- Electric Power Generation
- Electric Power T&D
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Transportation
- Water & Wastewater
- Market Shares by Reliability Methodology
- Instrument Calibration Management
- Integrity Management
- Lifecycle Costing
- Master Data Management
- Preventative Maintenance
- Qualitative Reliability-Centered Maintenance
- Regulatory Integrity Level Analysis
- Reliability Analysis
- Reliability, Availability, and Maintainability
- Risk-Based Maintenance
- Root Cause Analysis
- Spares and Inventory Management
- Market Shares by Software Deployment
- Cloud
- Hosted
- On Premise
- Market Shares by Sales Channel
Market Forecast and Histories
- Total Asset Reliability Software & Services Business
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Software
- Services
- Service Revenues by Type
- Consulting
- Implementation
- Maintenance
- Shipments by Industry
- Aerospace & Defense
- Chemical
- Electric Power Generation
- Electric Power T&D
- Food & Beverage
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Transportation
- Water & Wastewater
- Shipments by Reliability Methodology
- Instrument Calibration Management
- Integrity Management
- Lifecycle Costing
- Master Data Management
- Preventative Maintenance
- Qualitative Reliability-Centered Maintenance
- Regulatory Integrity Level Analysis
- Reliability Analysis
- Reliability, Availability, and Maintainability
- Risk-Based Maintenance
- Root Cause Analysis
- Spares and Inventory Management
- Software Revenues by Software Deployment
- Cloud
- Hosted
- On Premise
- Shipments by Sales Channel
Industry Participants
The research identifies relevant suppliers serving this market.
Regional Research Focus Areas
Strategic Analysis
Competitive Analysis
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecast & History Analysis
- Market Forecast & History by Country
- Market Forecast & History by Industry
Industry Participants
List of countries included in each region: MIRA-Country
For More Information
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