Brooklyn, NY -- (SBWIRE) -- 03/14/2018 -- According to the research study, the rising use of 3D modeling in order to manage assets is attributed to the stupendous growth of the global asset integrity management systems. 3D modelling has evolved over time and industries across the globe are extensively adopting the 3D technology for various processes. Today, 3D laser scanners are being used for capturing detailed data of physical objects and for storing this data in computers. Organizations worldwide are extensively using this technology for asset management and this is driving the global asset integrity management systems market.
The implementation of asset integrity management systems is also boosted by the flexibility it offers on account of cloud technology. Cloud technology also enables minimal resource handling which in turn is fuelling the adoption of asset integrity management systems across industries. An increasing number of small and medium-sized industries are preferring cloud-based solutions on account of features such as easy scalability and low-cost. Maintenance as a service is increasingly in demand today, which is nothing but a cloud-based service which ensures that maintenance service is delivered to users on a pay-as-you-need model. With the rising maintenance costs, companies prefer the adoption of maintenance as a service model and this is also an important factor which is greatly benefiting the growth of the global asset integrity management system market.
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On the basis of end-user, the global asset integrity management systems market is segmented into marine, aerospace, mining, power, and oil and gas sector. Of these, the oil and gas sector constitutes to be the major revenue generator for the global asset integrity management systems market. The rising deepwater drilling activities by oil and gas companies is fuelling the demand for asset integrity management systems. These systems are extensively used in upstream, midstream, and downstream sectors within the oil and gas sector in order to carry out processes such as commissioning, designing, decommissioning, and operating.
On the basis of geography, the global asset Integrity management market is led by Europe and the Middle East and Africa regions. The extensive deployment of smart grids in this region will be the key factor contributing to the growth of the asset integrity management systems market in this region. Moreover, the large oil and gas industry in the Middle East and Africa will also be an important reason behind the high adoption of asset integrity management systems. The growing trend of renewable energy for power generation will further accelerate the growth of this market in Europe and the Middle East and Africa region.
According to the author of this report, players in the global asset integrity management system market are increasingly acquiring other companies which offer 3D manufacturing technologies for expanding their product portfolio, and acquiring higher shares in the market. The global asset integrity management system market is moderately fragmented. The market features a large number of regional and international players. Leading layers have the benefit of financial strength as well as their brand recognition. Many players within the market are dedicated specially to the oil and gas sector and a few small players are extensively involved in inspection services and a certification sector. The market is anticipated to witness some consolidation during the forecast period as many players are actively engaging in mergers and acquisitions. The report profiles some of the leading players within the market. The names of a few players in the global asset integrity management systems market are: Bureau Veritas, Aker Solutions, Genesis Oil and Gas Consultants, Fluor Corporation, SGS, Intertek Group, John Wood Group, Applus, ROSEN, DNV GL, Oceaneering, Keel, Penspen, TV SD, and TechnipFMC.
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Table of Contents
Global Asset Integrity Management Market Size, Status and Forecast 2025
1 Industry Overview of Asset Integrity Management
1.1 Asset Integrity Management Market Overview
1.1.1 Asset Integrity Management Product Scope
1.1.2 Market Status and Outlook
1.2 Global Asset Integrity Management Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.6 Southeast Asia
2 Global Asset Integrity Management Competition Analysis by Players
2.1 Asset Integrity Management Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 Aker Solutions
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Asset Integrity Management Revenue (Million USD) (2013-2018)
3.1.5 Recent Developments
3.2 Bureau Veritas
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
4 Global Asset Integrity Management Market Size by Type and Application (2013-2018)
4.1 Global Asset Integrity Management Market Size by Type (2013-2018)
4.2 Global Asset Integrity Management Market Size by Application (2013-2018)
4.3 Potential Application of Asset Integrity Management in Future
4.4 Top Consumer/End Users of Asset Integrity Management
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