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Analysis of the Global Plant Asset Management (PAM) Software Market : Increase in IIoT-Ready Plant Facilities will Spur Market Growth

Research Overview

This Frost & Sullivan study analyzes the convergence trends of information technology and operational technology (IT/OT), changing buying behavior, influence of disruptive technologies, competitive intensity and impact of economic and mega trends in the global plant asset management (PAM) market. In addition to PAM software market analysis, the study highlights CEO's 360 degree view of industry challenges, trends and implications. It also includes the drivers, restraints, forecasts and trends in the geographic regions of North America, Latin America, Europe, Middle East and Africa (EMEA), Asia-Pacific and the Rest-of-the–World (RoW).

Key Findings
In 2015, the global plant asset management (PAM) software market accounted for $ million in revenue and is expected to reach $ billion by 2022, growing at a compounded annual growth rate (CAGR) of % during 2015–2022.
- North America ( % CAGR) and Asia-Pacific ( % CAGR) offer the most growth opportunities for the PAM software market. In the former case, it is driven by the end user’s need to improve the efficiency of aging assets, while in the latter case, it is driven by the desire to access new technologies for many capital projects.
- The energy industry contributes % of the PAM software market revenue. As such, investment in developing targeted applications in this industry is the key to success for solution providers.
- Awareness on enterprise asset management (EAM) software implementation and IIoT market penetration drive the market for PAM software. The market is more likely to get disrupted with newer business models from original equipment manufacturers (OEMs). More cloud offerings are likely to emerge from PAM software solution providers.
- Improvements in integration with other plant software systems, and developments in data exchange standards will be the key focus area for solution providers, apart from leveraging IIoT technologies.
- The competitive landscape is expected to be disrupted by the entry of many niche predictive analytics solution providers from the information technology (IT) sector and likely to witness market consolidation.

Key Questions this Study will Answer
- What are the key trends that drive PAM software and services, and how is the market growing by different verticals, software types, and regions?
- What are the megatrends and economic trends that favor PAM software evolution, and how do they affect market revenue?
- How do IT-OT convergence and IIoT technologies affect the market and how can solution providers leverage them to gain market share?
- How is the industrial customer’s buying behavior changing, and what are the factors that influence it? How can PAM software vendors leverage these factors to develop new offerings and get more value from them?
- How is the competitive landscape evolving for PAM software, and what consolidation trends will the market witness in terms of mergers and acquisitions (M&As), partnerships, and investments?
- What are the best practices that PAM software vendors should adopt to win in this emerging blue ocean market?

Table Of Contents

Analysis of the Global Plant Asset Management (PAM) Software Market 
1 EXECUTIVE SUMMARY

Executive Summary
1 Key Findings
2 Measurements
3 Market Segmentation by Type
4 Market Segmentation by Vertical
5 Market Segmentation by Region
6 Market Segmentation by Software and Services
7 CEO's Perspective

2 MARKET OVERVIEW

Market Overview
1 Market Definitions
2 Market Definitions (continued)
3 Market Definitions (continued)
4 Market Definitions (continued)
5 Market Definitions (continued)
6 Market Definitions (continued)
7 Key Questions this Study will Answer

3 DRIVERS AND RESTRAINTS—TOTAL PAM SOFTWARE MARKET

Drivers and Restraints—Total PAM Software Market
1 Market Drivers
2 Drivers Explained
3 Drivers Explained (continued)
4 Drivers Explained (continued)
5 Drivers Explained (continued)
6 Market Restraints
7 Restraints Explained
8 Restraints Explained (continued)
9 Restraints Explained (continued)
10 Restraints Explained (continued)

4 TOTAL PLANT ASSET MANAGEMENT SOFTWARE MARKET—FORECASTS AND TRENDS

Total Plant Asset Management Software Market—Forecasts and Trends
1 Measurements
2 Forecast Assumptions
3 Currency Exchange Rates
4 Revenue Forecast
5 Revenue Forecast Discussion
6 Percent Revenue Forecast by Region
7 Revenue Forecast by Region
8 Revenue Forecast Discussion by Region
9 Percent Revenue Forecast by Vertical
10 Percent Revenue Forecast by Vertical (continued)
11 Revenue Forecast by Vertical
12 Revenue Growth Forecast by Vertical
13 Revenue Forecast Discussion by Vertical
14 Revenue Forecast Discussion by Vertical (continued)

5 CEO'S 360-DEGREE PERSPECTIVE ON THE PAM SOFTWARE MARKET

CEO's 360-Degree Perspective on the PAM Software Market
1 CEO's 360-Degree Perspective
2 CEO's 360-Degree Perspective (continued)

6 MEGA TREND IMPACT ON THE PAM SOFTWARE MARKET

Mega Trend Impact on the PAM Software Market
1 Mega Trend Impact on the PAM Software Market
2 Mega Trend Impact on the PAM Software Market (continued)

7 OPPORTUNITIES FROM IT-OT CONVERGENCE

Opportunities from IT-OT Convergence
1 Challenges in Existing Hierarchical Industrial Automation and Software Architecture
2 Benefits from Smart Automation Architecture that Embrace Connectivity and Convergence
3 Opportunities for PAM Software Vendors by Leveraging IT-OT Convergence

8 IMPACT FROM GLOBAL ECONOMIC TRENDS

Impact from Global Economic Trends
1 Top Economic Trends for 2015
2 Top Economic Predictions—2016

9 CHANGING CUSTOMER BUYING BEHAVIOR

Changing Customer Buying Behavior
1 Changing Customer Buying Behavior that Triggers Opportunities from More Value-Add Projects
2 Next Evolution of Solution Offerings will be Data Driven

10 INFLUENCE OF DISRUPTIVE TECHNOLOGIES OVER THE PAM SOFTWARE MARKET

Influence of Disruptive Technologies over the PAM Software Market
1 Disruptive Technologies

11 MARKET SHARE AND COMPETITIVE ANALYSIS

Market Share and Competitive Analysis
1 Market Share
2 Market Share Analysis
3 Competitive Environment
4 Top Competitors
5 Top Competitors (continued)

12 BEST PRACTICES

Best Practices
1 Best Practices in PAM Software Market
2 Best Practices in PAM Software Market (continued)
3 Best Practices in PAM Software Market (continued)

13 ASSET PERFORMANCE MANAGEMENT/ASSET RELIABILITY SOFTWARE SEGMENT BREAKDOWN

Asset Performance Management/Asset Reliability Software Segment Breakdown
1 Revenue Forecast
2 Revenue Forecast Discussion

14 ASSET CONDITION MONITORING SOFTWARE SEGMENT BREAKDOWN

Asset Condition Monitoring Software Segment Breakdown
1 Revenue Forecast
2 Revenue Forecast Discussion

15 NORTH AMERICA BREAKDOWN

North America Breakdown
1 Revenue Forecast
2 Revenue Forecast Discussion

16 EUROPE, THE MIDDLE EAST, AND AFRICA (EMEA) BREAKDOWN

Europe, the Middle East, and Africa (EMEA) Breakdown
1 Revenue Forecast
2 Revenue Forecast Discussion

17 ASIA-PACIFIC (APAC) BREAKDOWN

Asia-Pacific (APAC) Breakdown
1 Revenue Forecast Discussion
2 Revenue Forecast Discussion

18 LATIN AMERICA (LATAM) BREAKDOWN

Latin America (LATAM) Breakdown
1 Revenue Forecast
2 Revenue Forecast Discussion

19 THE LAST WORD

The Last Word
1 The Last Word—3 Big Predictions
2 Legal Disclaimer

20 APPENDIX

Appendix
1 Methodology
2 Additional Sources of Information Relevant to Plant Asset Management
3 Partial List of Companies Interviewed
4 List of Other Market Participants

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