Europe Asset Performance Management Market Size & Outlook
Europe asset performance management market, 2018-2030 (US$M)
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Europe asset performance management market highlights
- The Europe asset performance management market generated a revenue of USD 6,320.5 million in 2023.
- The 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,320.5 million |
| Market revenue in 2030 | USD 14,048.3 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | On-premise |
| Fastest growing segment | Cloud |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 29.6% of the global asset performance management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,210.7 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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Europe 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 63.62% in 2023. Horizon Databook has segmented the Europe asset performance management market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
European manufacturers and transport operators are increasingly adopting advanced asset performance management solutions and technologies such as predictive analytics to predict the potential failure of their machinery and equipment and optimize their asset maintenance processes. These factors are driving the market growth in the region.
For instance, in November 2021, Accenture, an IT services provider, acquired T.A. Cook, a consulting company. The acquisition aimed at improving Accenture's capacity to enhance asset performance, boost safety, and lessen cost and environmental effects in the chemical, life sciences, oil & gas, and metals and mining industries.
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Target buyers of Europe 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 continent-level data and insights on the Europe asset performance management market , including forecasts for subscribers. This continent databook contains high-level insights into Europe asset performance management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe asset performance management market size, by country, 2018-2030 (US$M)
Europe Asset Performance Management Market Outlook Share, 2023 & 2030 (US$M)
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