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Prescriptive Asset Management Solutions-Global Market Insights and Sales Trends 2025
Synopsis
Analytics is the computational analysis of a set of data. The field of analytics has evolved over a period of time. It used to be descriptive in nature and used historical data to analyze situations and actions. Later, descriptive analytics was further refined to diagnostic analytics, which provided reasoning for actions. With further advancements in computational technology, the approach of predictive and prescriptive analytics came into existence. Predictive analytics helps decision makers to mathematically predict the future. On the other hand, prescriptive analytics helps decision makers to take action regarding future events. Prescriptive analytics and maintenance are computing tools that use modern technologies such as artificial intelligence, machine learning, as well as pattern recognition to create efficient decision making for asset management. They are used to monitor equipment performance at the premises and also predict performance expectations. Anyone responsible for asset management can reap the benefits of prescriptive analytics. Original equipment manufacturers (OEM), maintenance organizations, or any third party service providers can use prescriptive analytics to efficiently manage assets. Prescriptive analytics draws data from business intelligence, enterprise asset management (EAM), enterprise resource planning (ERP), and other enterprise information systems. Using these data, the solution frames what if conditions of all the possible results. Each option is critically evaluated in order to arrive at the optimal course of action. Prescriptive analytics saves time and significantly reduces human error since the outcome is created by the combination of predictive modelling, machine learning, and statistical algorithms. Prescriptive maintenance continuously monitors the asset and immediately identifies any asset failure. It is not limited to predicting failure like predictive analytics. It has a larger canvas. Prescriptive analytics helps in strategic decision making for the maintenance of the asset throughout its life cycle. Therefore, the prescriptive approach to asset management has several benefits. It helps in providing real-time data analysis and improves asset performance by significantly reducing downtime.
The global Prescriptive Asset Management Solutions market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Prescriptive Asset Management Solutions in various end use industries. The expanding demands from the Oil & Gas, Chemicals, Water & Wastewater and Power Generation, are propelling Prescriptive Asset Management Solutions market. Software, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Services segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Prescriptive Asset Management Solutions market, driven by demand from China, the second largest economy with some signs of stabilising, the Prescriptive Asset Management Solutions market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Prescriptive Asset Management Solutions, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Prescriptive Asset Management Solutions market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Prescriptive Asset Management Solutions market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Prescriptive Asset Management Solutions sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Prescriptive Asset Management Solutions covered in this report include AspenTech, ABB, SSG Insight, Arcadis Gen Sheffield, PlantVision, Altran Americas, IBM Corporation, Rockwell Automation and SAP SE, etc.
The global Prescriptive Asset Management Solutions market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AspenTech
ABB
SSG Insight
Arcadis Gen Sheffield
PlantVision
Altran Americas
IBM Corporation
Rockwell Automation
SAP SE
Wipro
eMaint
Global Prescriptive Asset Management Solutions market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Prescriptive Asset Management Solutions market, Segment by Type:
Software
Services
Global Prescriptive Asset Management Solutions market, by Application
Oil & Gas
Chemicals
Water & Wastewater
Power Generation
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Prescriptive Asset Management Solutions companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Analytics is the computational analysis of a set of data. The field of analytics has evolved over a period of time. It used to be descriptive in nature and used historical data to analyze situations and actions. Later, descriptive analytics was further refined to diagnostic analytics, which provided reasoning for actions. With further advancements in computational technology, the approach of predictive and prescriptive analytics came into existence. Predictive analytics helps decision makers to mathematically predict the future. On the other hand, prescriptive analytics helps decision makers to take action regarding future events. Prescriptive analytics and maintenance are computing tools that use modern technologies such as artificial intelligence, machine learning, as well as pattern recognition to create efficient decision making for asset management. They are used to monitor equipment performance at the premises and also predict performance expectations. Anyone responsible for asset management can reap the benefits of prescriptive analytics. Original equipment manufacturers (OEM), maintenance organizations, or any third party service providers can use prescriptive analytics to efficiently manage assets. Prescriptive analytics draws data from business intelligence, enterprise asset management (EAM), enterprise resource planning (ERP), and other enterprise information systems. Using these data, the solution frames what if conditions of all the possible results. Each option is critically evaluated in order to arrive at the optimal course of action. Prescriptive analytics saves time and significantly reduces human error since the outcome is created by the combination of predictive modelling, machine learning, and statistical algorithms. Prescriptive maintenance continuously monitors the asset and immediately identifies any asset failure. It is not limited to predicting failure like predictive analytics. It has a larger canvas. Prescriptive analytics helps in strategic decision making for the maintenance of the asset throughout its life cycle. Therefore, the prescriptive approach to asset management has several benefits. It helps in providing real-time data analysis and improves asset performance by significantly reducing downtime.
The global Prescriptive Asset Management Solutions market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Prescriptive Asset Management Solutions in various end use industries. The expanding demands from the Oil & Gas, Chemicals, Water & Wastewater and Power Generation, are propelling Prescriptive Asset Management Solutions market. Software, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Services segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Prescriptive Asset Management Solutions market, driven by demand from China, the second largest economy with some signs of stabilising, the Prescriptive Asset Management Solutions market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Prescriptive Asset Management Solutions, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Prescriptive Asset Management Solutions market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Prescriptive Asset Management Solutions market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Prescriptive Asset Management Solutions sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Prescriptive Asset Management Solutions covered in this report include AspenTech, ABB, SSG Insight, Arcadis Gen Sheffield, PlantVision, Altran Americas, IBM Corporation, Rockwell Automation and SAP SE, etc.
The global Prescriptive Asset Management Solutions market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AspenTech
ABB
SSG Insight
Arcadis Gen Sheffield
PlantVision
Altran Americas
IBM Corporation
Rockwell Automation
SAP SE
Wipro
eMaint
Global Prescriptive Asset Management Solutions market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Prescriptive Asset Management Solutions market, Segment by Type:
Software
Services
Global Prescriptive Asset Management Solutions market, by Application
Oil & Gas
Chemicals
Water & Wastewater
Power Generation
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Prescriptive Asset Management Solutions companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Prescriptive Asset Management Solutions
1.1 Prescriptive Asset Management Solutions Market Overview
1.1.1 Prescriptive Asset Management Solutions Product Scope
1.1.2 Prescriptive Asset Management Solutions Market Status and Outlook
1.2 Global Prescriptive Asset Management Solutions Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Prescriptive Asset Management Solutions Market Size by Region (2018-2029)
1.4 Global Prescriptive Asset Management Solutions Historic Market Size by Region (2018-2023)
1.5 Global Prescriptive Asset Management Solutions Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Prescriptive Asset Management Solutions Market Size (2018-2029)
1.6.1 North America Prescriptive Asset Management Solutions Market Size (2018-2029)
1.6.2 Europe Prescriptive Asset Management Solutions Market Size (2018-2029)
1.6.3 Asia-Pacific Prescriptive Asset Management Solutions Market Size (2018-2029)
1.6.4 Latin America Prescriptive Asset Management Solutions Market Size (2018-2029)
1.6.5 Middle East & Africa Prescriptive Asset Management Solutions Market Size (2018-2029)
2 Prescriptive Asset Management Solutions Market by Type
2.1 Introduction
2.1.1 Software
2.1.2 Services
2.2 Global Prescriptive Asset Management Solutions Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Prescriptive Asset Management Solutions Historic Market Size by Type (2018-2023)
2.2.2 Global Prescriptive Asset Management Solutions Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Prescriptive Asset Management Solutions Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Prescriptive Asset Management Solutions Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Prescriptive Asset Management Solutions Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Prescriptive Asset Management Solutions Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Prescriptive Asset Management Solutions Revenue Breakdown by Type (2018-2029)
3 Prescriptive Asset Management Solutions Market Overview by Application
3.1 Introduction
3.1.1 Oil & Gas
3.1.2 Chemicals
3.1.3 Water & Wastewater
3.1.4 Power Generation
3.1.5 Others
3.2 Global Prescriptive Asset Management Solutions Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Prescriptive Asset Management Solutions Historic Market Size by Application (2018-2023)
3.2.2 Global Prescriptive Asset Management Solutions Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Prescriptive Asset Management Solutions Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Prescriptive Asset Management Solutions Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Prescriptive Asset Management Solutions Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Prescriptive Asset Management Solutions Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Prescriptive Asset Management Solutions Revenue Breakdown by Application (2018-2029)
4 Prescriptive Asset Management Solutions Competition Analysis by Players
4.1 Global Prescriptive Asset Management Solutions Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Prescriptive Asset Management Solutions as of 2022)
4.3 Date of Key Players Enter into Prescriptive Asset Management Solutions Market
4.4 Global Top Players Prescriptive Asset Management Solutions Headquarters and Area Served
4.5 Key Players Prescriptive Asset Management Solutions Product Solution and Service
4.6 Competitive Status
4.6.1 Prescriptive Asset Management Solutions Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 AspenTech
5.1.1 AspenTech Profile
5.1.2 AspenTech Main Business
5.1.3 AspenTech Prescriptive Asset Management Solutions Products, Services and Solutions
5.1.4 AspenTech Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.1.5 AspenTech Recent Developments
5.2 ABB
5.2.1 ABB Profile
5.2.2 ABB Main Business
5.2.3 ABB Prescriptive Asset Management Solutions Products, Services and Solutions
5.2.4 ABB Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.2.5 ABB Recent Developments
5.3 SSG Insight
5.3.1 SSG Insight Profile
5.3.2 SSG Insight Main Business
5.3.3 SSG Insight Prescriptive Asset Management Solutions Products, Services and Solutions
5.3.4 SSG Insight Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.3.5 Arcadis Gen Sheffield Recent Developments
5.4 Arcadis Gen Sheffield
5.4.1 Arcadis Gen Sheffield Profile
5.4.2 Arcadis Gen Sheffield Main Business
5.4.3 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Products, Services and Solutions
5.4.4 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.4.5 Arcadis Gen Sheffield Recent Developments
5.5 PlantVision
5.5.1 PlantVision Profile
5.5.2 PlantVision Main Business
5.5.3 PlantVision Prescriptive Asset Management Solutions Products, Services and Solutions
5.5.4 PlantVision Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.5.5 PlantVision Recent Developments
5.6 Altran Americas
5.6.1 Altran Americas Profile
5.6.2 Altran Americas Main Business
5.6.3 Altran Americas Prescriptive Asset Management Solutions Products, Services and Solutions
5.6.4 Altran Americas Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.6.5 Altran Americas Recent Developments
5.7 IBM Corporation
5.7.1 IBM Corporation Profile
5.7.2 IBM Corporation Main Business
5.7.3 IBM Corporation Prescriptive Asset Management Solutions Products, Services and Solutions
5.7.4 IBM Corporation Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.7.5 IBM Corporation Recent Developments
5.8 Rockwell Automation
5.8.1 Rockwell Automation Profile
5.8.2 Rockwell Automation Main Business
5.8.3 Rockwell Automation Prescriptive Asset Management Solutions Products, Services and Solutions
5.8.4 Rockwell Automation Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.8.5 Rockwell Automation Recent Developments
5.9 SAP SE
5.9.1 SAP SE Profile
5.9.2 SAP SE Main Business
5.9.3 SAP SE Prescriptive Asset Management Solutions Products, Services and Solutions
5.9.4 SAP SE Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.9.5 SAP SE Recent Developments
5.10 Wipro
5.10.1 Wipro Profile
5.10.2 Wipro Main Business
5.10.3 Wipro Prescriptive Asset Management Solutions Products, Services and Solutions
5.10.4 Wipro Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.10.5 Wipro Recent Developments
5.11 eMaint
5.11.1 eMaint Profile
5.11.2 eMaint Main Business
5.11.3 eMaint Prescriptive Asset Management Solutions Products, Services and Solutions
5.11.4 eMaint Prescriptive Asset Management Solutions Revenue (US$ Million) & (2018-2023)
5.11.5 eMaint Recent Developments
6 North America
6.1 North America Prescriptive Asset Management Solutions Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Prescriptive Asset Management Solutions Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Prescriptive Asset Management Solutions Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Prescriptive Asset Management Solutions Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Prescriptive Asset Management Solutions Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Prescriptive Asset Management Solutions Market Dynamics
11.1 Prescriptive Asset Management Solutions Industry Trends
11.2 Prescriptive Asset Management Solutions Market Drivers
11.3 Prescriptive Asset Management Solutions Market Challenges
11.4 Prescriptive Asset Management Solutions Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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