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Global Plant Asset Management System Market Analysis to Grow at CAGR of 10.07% over Period 2016-2020

The report analyzes and presents an overview of " Global Plant Asset Management System Market 2016-2020 " worldwide.

 

Albany, NY -- (SBWIRE) -- 02/12/2016 -- About Plant Asset Management System

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.

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

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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.

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.

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Key vendors
ABB
Emerson Electric
Honeywell
Rockwell Automation
Siemens

Other prominent vendors
Applied Materials
Dassault Systmes
Endress+Hauser
GE Energy
Hitachi
IBM
Petrofac
SAP
Schneider Electric
Yokogawa

Market driver :Shift to lean manufacturing and green technology
Market challenge :Threat from substitutes
Market trend :Integration with IIoT-connected smart devices

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