Boston, MA -- (SBWIRE) -- 03/29/2016 -- 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.

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

Covered in this report
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.

Get More Details on this Report and a Full Table of Contents at Global Plant Asset Management System Market 2016-2020

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

-US
-EMEA
-Asia
-ROW

Technavio's report, 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 vendors

-ABB
-Emerson Electric
-Honeywell
-Rockwell Automation
-Siemens

Other prominent vendors

-Applied Materials
-Dassault Systemes
-Endress+Hauser
-GE Energy
-Hitachi
-IBM
-Petrofac
-SAP
-Schneider Electric
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ABB, Emerson Electric, Honeywell, Rockwell Automation, Siemens, Applied Materials, Dassault Systemes, Endress+Hauser, GE Energy, Hitachi, IBM, Petrofac, SAP, Schneider Electric, Yokogawa.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:

-Global Remote Renewable Management System Market 2015-2019
-Data Center Asset Management Market - Global Forecast to 2020
-General Electric Company (GE) - Power - Deals and Alliances Profile
-Intelligent Transportation System Market - Analysis & Forecast to 2015 - 2020
-Fleet Management Market - Global Forecast to 2020