New ARC Advisory Group research on the Asset Integrity Management (AIM) market reveals that with the advent of Industrial IoT and advanced technologies, the approach to asset management is changing rapidly. End users are realizing the benefits of digitization and looking to leverage asset data. Users are looking to leverage asset management platforms to aggregate and analyze asset data from disparate sources. They can apply analytical models to this data to predict failures of critical equipment components and use the information to prioritize maintenance activities.
“Around the world, asset-intensive industries are looking to maximize return on assets by better managing and maintaining asset integrity throughout the asset’s lifecycle. This increasing focus on asset management continues to fuel AIM market growth,” according to Inderpreet Shoker, Analyst at ARC Advisory Group and key author of ARC’s Asset Integrity Management Global Market Research report.
“Relatively stable oil prices, rising investment in upstream production, and the drive toward digitalization worked to push the AIM market forward,” added Shoker.
About the Asset Integrity Management Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the Asset Integrity Management market. 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, plus five-year market forecasts by industry, region, application, methodology, equipment type, revenue category, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes one-year of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.