Albany, NY -- (SBWire) -- 09/04/2017 --A PAM system manages and monitors the fixed assets of a company, which are used in the production process. PAM gives better control over the production process and enhances the efficiency and productivity of an organization. It also generates real-time data of assets, which enables officials to take an 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.

The global plant asset management (PAM) system market to grow at a CAGR of 5.15% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global plant asset management (PAM) system market for 2017-2021. To calculate the market size, the report considers the revenue of top vendors in the market along with Technavio data source is used.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Plant Asset Management (PAM) System Market 2017-2021, 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.

Browse more details at: http://www.researchmoz.us/global-plant-asset-management-pam-system-market-2017-2021-report.html

Key vendors
- ABB
- Emerson
- Honeywell
- Rockwell Automation
- Siemens

Other prominent vendors
- Applied Material
- Dassault Systmes
- Endress+Hauser
- GE Digital
- Hitachi
- IBM
- IFS
- Petrofac
- SAP
- Schneider Electric
- Yokogawa

Market driver
- Incorporation of 3D modeling in real time asset management
- For a full, detailed list, view our report

Market challenge
- Threat of substitutes
- For a full, detailed list, view our report

Market trend
- Use of prescriptive analytics for analysis
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 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?

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