According to ARC Advisory Group, the asset management landscape is being reshaped by the rapid rise of artificial intelligence and data intelligence tools. These technologies empower manufacturers to extract actionable insights from massive data streams, allowing for far more targeted and effective reliability strategies than ever before. This shift is also attracting a new breed of software vendors — many agile and innovative - but often lacking the deep operational expertise needed to deliver consistent impact in complex industrial environments. Still, momentum remains strong, with AI and analytics now serving as key drivers of growth and transformation in asset reliability solutions.
"Artificial intelligence is no longer a future concept—it’s the new foundation of asset reliability. By turning real-time data into predictive insights, AI is transforming maintenance from reactive to strategic. It empowers teams to anticipate failures, optimize performance, and extend asset life with unmatched precision. In this new era, AI doesn’t just enhance reliability—it redefines it,” according to Inderpreet Shoker, Director of Research and key author of ARC's Asset Reliability Software & Services Market Research.
Asset Reliability Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Shift Towards SaaS and Cloud Native Platforms
- Mobility and Remote Diagnostics
- Adoption of Digital Twin Models
- Rising Application of Artificial Intelligence
- Adoption of Predictive Maintenance
- Increased Focus on Cybersecurity for Connected Assets
Leading Suppliers to the Asset Reliability Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Augury, Bentley Systems, Emerson Automation Solutions, GE Vernova, SKF.
About the Asset Reliability Research
The Asset Reliability Software & Services research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and eight years of historical analysis. The research segmentation includes World Region, Revenue Category, Industry, Reliability Methodology, Software Deployment, Service Type, Sales Channel.