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 Total Asset Performance Management market research delivers current market analysis plus a five year market and technology forecast. This Served Market Opportunity research includes five key domains: plant asset management, asset reliability, enterprise asset management, field service management, and asset integrity management.
Asset Performance Management Market Growth Driven by Analytics and AI
ARC Advisory Group research on the total asset performance management market reveals that enterprise asset management (EAM) systems have become a primary enabler of digital transformation for asset management among industrial companies. EAM systems are becoming key for end users in achieving their business goals. Modern EAM combines traditional maintenance management strategies with new digital technologies for transformation advances in reliability, maintenance execution, and business performance.
Modern EAM systems support APM across the asset management functions including reliability, inspections, maintenance, engineering, and into operations. Synergies across these functions enables new forms of digital transformation with improved operational performance
Asset Performance Management Strategic Issues
In addition to providing a five-year market forecast, the Total Asset Performance Management market research provides detailed quantitative current market data and addresses key strategic issues as given below.
Adopt Predictive Maintenance and Integrate with other Asset Management Systems
Currently, the dominant application for digital transformation for the maintenance function involves predictive maintenance (PdM) using data for a specific machine, analytics, and sometimes edge computing. The objective is to prevent failure(s) and the resulting unplanned downtime. This approach is effective only if, after the alert is generated, someone in the plant executes a work order for an “inspection/repair”. Unfortunately, in most plants today, this alert-to-action process has a gap due to ad hoc communications between those receiving the alert and those in maintenance planning. Alerts are often lost or misdirected, and the equipment fails as predicted.
Reducing the likelihood of lost alerts and the associated unplanned downtime requires a consistent business process and integration with the EAM system. Ideally, the alerts go to the maintenance planner for triage and ranking, with higher priority items converted into work orders.
Embark the Digital Transformation Journey
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 only "now" beginning to focus on digitalization may be somewhat behind their peers but still have time to catch up and get started. ARC encourages manufacturers regardless of the size to get on the train now. New digital technologies can augment asset reliability, maintenance, and operational processes to new levels of performance.
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 Trends
- Regional Trends
- Industry Trends
- Strategic Recommendations
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Product Category
- Asset Integrity Management
- Asset Reliability
- Enterprise Asset Management
- Field Service Management
- Plant Asset Management
- Market Shares by Industry
- Aerospace & Defense
- Automotive
- Buildings
- Chemical
- Education
- Electric Power Generation
- Electric Power T&D
- Financial
- Food & Beverage
- Government
- Healthcare
- Machinery
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Semiconductors
- Telecommunications
- Transportation & Logistics
- Water & Wastewater
Market Forecast Analysis
- Total Asset Performance Management Business
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Product Category
- Asset Integrity Management
- Asset Reliability
- Enterprise Asset Management
- Field Service Management
- Plant Asset Management
- Shipments by Industry
- Aerospace & Defense
- Automotive
- Buildings
- Chemical
- Education
- Electric Power Generation
- Electric Power T&D
- Financial
- Food & Beverage
- Government
- Health Care
- Machinery
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Semiconductors
- Telecommunications
- Transportation & Logistics
- Water & Wastewater
Industry Participants
The research identifies all 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 Analysis
- Market Forecast by Country
- Market Forecast by Industry
Industry Participants
For More Information
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