Middle East & Africa Asset Performance Management Market Size & Outlook
Middle East & Africa asset performance management market, 2018-2030 (US$M)
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MEA asset performance management market highlights
- The MEA asset performance management market generated a revenue of USD 1,711.6 million in 2023.
- The market is expected to grow at a CAGR of 11.6% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,711.6 million |
| Market revenue in 2030 | USD 3,688.7 million |
| Growth rate | 11.6% (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, MEA region accounted for 8.0% 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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Middle East & Africa 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 62.14% in 2023. Horizon Databook has segmented the Middle East & Africa asset performance management market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
As crude oil prices in the Middle East are reducing, the oil & gas industry has become more receptive to the implementation of digital solutions for cost optimization purposes. Furthermore, the demand for asset performance management solutions has increased since the COVID-19 pandemic. Thus, the APM market in this region is poised to offer numerous growth opportunities for stakeholders over the forecast period.
The UAE market is primarily driven by the prevalent adoption of IoT-based solutions, especially among SMEs; the growing need of organizations to reduce asset maintenance costs; and the growth of the IT and telecommunication industry. For instance, in 2020, Ras Al Khaimah Wastewater Agency (RAKWA) in Dubai deployed Infor’s enterprise asset management solution to maximize the value of its assets, boost the efficiency of its operations, and help improve water sustainability in the UAE.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa asset performance management market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa asset performance management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA asset performance management market size, by country, 2018-2030 (US$M)
Middle East & Africa Asset Performance Management Market Outlook Share, 2023 & 2030 (US$M)
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