Global Plant Asset Management System Market to grow at a CAGR of 10.07% during the period 2016 - 2020; Finds New Report

Report forecast the global PAM system market to grow at a CAGR of 10.07% during the period 2016-2020.

A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives a better control over the production process and generates a real-time data of assets, which enables officials to take informed decision. The real-time data generated by a PAM system can also be used to identify signs of failure, ensuring that plant productivity is not hit due to machine downtime.

The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of the PAM software and maintenance and support services in this report.

The market is divided into the following segments based on geography:

• US
• EMEA
• Asia
• ROW

According to the report, the use of PAM can help process-oriented companies to go green and reduce cost by cutting down wastage and defects. PAM also improves plant efficiency by ensuring operations on a real-time basis and providing updated information continuously to operators on the shop floor.

Further, the report states that the substitutes pose a challenge to PAM software because end-users, such as power, oil and gas, chemicals and petrochemicals, automotive, and the food and beverages industries prefer these software because these perform applications similar to PAM with no additional cost.

Global Plant Asset Management System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Plant Asset Management System Market: ABB, Emerson Electric, Honeywell, Rockwell Automation and Siemens.

Other Prominent Vendors in the market are: Applied Materials, Dassault Systèmes, Endress+Hauser, GE Energy, Hitachi, IBM, Petrofac, SAP, Schneider Electric and Yokogawa.

Market driver

• Shift to lean manufacturing and green technology
• For a full, detailed list, view our report

Market challenge

• Threat from substitutes
• For a full, detailed list, view our report

Market trend

• Integration with IIoT-connected smart devices
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 51 pages and 26 Exhibit “Global Plant Asset Management System Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by end user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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