The global market for APM is projected to have considerable CAGR during the forecast period. The market growth is attributed to various pivotal factors such as the growing demand for cloud-based APM services associated with growing demand from small-medium sized enterprises (SMEs) across the globe. Owing to this, various cloud-based APM solution providers are introducing new products to fulfill the growing demand from different verticals. For instance, in October 2019, IBM announced the launch of IBM Maximo Enterprise Asset Management SaaS with an aim to provide the cloud-based asset management experience to global clients with the ability to generate role-based work centers. Further, in November 2018, Nuvolo collaborated with GE Healthcare to offer a cloud-based clinical EAM platform to Healthcare Technology Management (HTM) professionals. In addition, the increasing demand for innovative technologies such as Artificial Intelligence (AI) and machine learning for predicting and preventing system errors and reducing the overall maintenance cost is also driving the demand for EAM products in energy & utility, manufacturing, and IT & telecommunication industry.
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Segmental Outlook
The global APM market is segmented based on deployment and industry. Based on the deployment, the market is further classified into cloud-based and on-premises. The cloud based segment is projected to have considerable growth owing to the growing demand of cloud based APM solutions across various enterprises. Cloud-based APM requires no hardware other than mobile devices, tablets, or personal computers and can be easily scalable to fit the demand of an organization. On-premise APM requires a substantial initial investment to purchase and maintain the necessary hardware to run the APM software, whereas, APM Cloud system does not require any investment on specific hardware. On the basis of industry the market is further segregated into BFSI, retail, energy and utility, healthcare, government, IT & telecom, and others.
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Global APM market to be driven by Energy & Utilities
Among Industry, the energy & utilities segment held a considerable share in the market. The market mainly driven due to the growing demand for rapid identification of assets, mapping areas of problem for remediation, decreasing time to resolution, leveraging the efficiency and minimizing cost. Various utility suppliers have deployed APM solutions to ease the maintenance of complex assets in the industry. For instance, Cheniere Energy, Inc., a natural gas company collaborated with Cohesive Solutions for the installation of the IBM Maximo asset management solution. Cheniere installed the solution to transform the maintenance of complex assets at their upgraded Sabine Pass facility in the US. Moreover, IT & telecom industry have considerable growth owing to growing demand to manage IT infrastructure such as data center infrastructure assets. In addition, the growing demand for constant inspection, monitoring, and maintenance of components of the telecommunications network is driving the market growth in IT & telecom industry.

Regional Outlook
Geographically, the global APM market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth is attributed to the significant adoption of APM in economies such as China, Japan, India, South Korea, Thailand, and Australia. Further, growth in the industry vertical in these countries and increasing awareness toward the advantage of asset management is also driving the market growth. Additionally, the increasing demand for power in the region is likely to add significant assets in the country including solar farms, windmills, thermal power plants and others which create scope for the APM market growth in the region in the near future.

North America to hold a considerable share in the global APM market
Geographically, North America is projected to hold a significant market share in the global APM market. Major economies which are anticipated to contribute to the North America APM market are the US and Canada. North America is dominating the APM market owing to wide adoption of APM solutions, significant presence of APM vendors and growing government support. Additionally, the surging demand for APM solutions by various industry verticals such as BFSI, energy & power, government and utilities, and IT & telecom, which are growing significantly in the region, is further driving the market growth. Furthermore, the well-established energy and power sector of the country is also providing a significant thrust to the adoption of APM solutions within the region. The US is one of the leading economies in the energy and power sector, which is under a transition with more focus on renewable sources of energy over non-renewable sources of energy.

Market Players Outlook
The key players in the APM market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include ABB Ltd., General Electric Co., IBM Corp., SAP SE, Bentley Systems, Inc., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in November 2019, IBM introduced a Maximo Asset Monitor, a new AI-powered monitoring solution designed to enable end-user to improve maintenance and performance of their high-value physical assets.

The Report Covers
Market value data analysis of 2018 and forecast to 2025.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global APM market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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