China Asset Performance Management Market Size & Outlook
China asset performance management market, 2018-2030 (US$M)
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China asset performance management market highlights
- The China asset performance management market generated a revenue of USD 1,397.3 million in 2023 and is expected to reach USD 3,103.4 million by 2030.
- The China market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, on-premise was the largest revenue generating deployment in 2023.
- Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
Asset performance management market data book summary
| Market revenue in 2023 | USD 1,397.3 million |
| Market revenue in 2030 | USD 3,103.4 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | On-premise |
| Fastest growing segment | Cloud |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud, On-premise |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Aspen Technology Inc, Bentley Systems Inc Ordinary Shares - Class B, GE Vernova Inc, International Business Machines Corp, Rockwell Automation Inc, SAP SE, Siemens Energy AG ADR |
Other key industry trends
- In terms of revenue, China accounted for 6.5% of the global asset performance management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China asset performance management market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,037.9 million by 2030.
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Asset Performance Management Market Scope
Asset Performance Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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China asset performance management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to asset performance management market will help companies and investors design strategic landscapes.
On-premise was the largest segment with a revenue share of 62.99% in 2023. Horizon Databook has segmented the China asset performance management market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the world’s largest manufacturers of electronic components and devices and major international companies have established manufacturing operations in the country. To ship these products across the globe, China relies on efficient global operations made possible by the implementation of advanced asset performance management solutions.
For instance, in May 2020, Blue Star Limited, a home appliances company, announced a partnership with Aspen Technology Inc. The company adopted Aspen Mtell and Aspen ProMVTM asset performance management (APM) software to expedite the digital transformation of more than 10 of its production locations worldwide.
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Target buyers of China asset performance management market databook
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Our clientele includes a mix of asset performance management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China asset performance management market , including forecasts for subscribers. This country databook contains high-level insights into China asset performance management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China asset performance management market size, by deployment, 2018-2030 (US$M)
China Asset Performance Management Market Outlook Share, 2023 & 2030 (US$M)
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