Analytics is the computational analysis of a set of data.听The field of analytics has evolved over a period of time.听It used to be descriptive in nature and used historical data to analyze situations and actions.听Later, descriptive analytics was further refined to diagnostic analytics, which provided reasoning for actions.听With further advancements in computational technology, the approach of predictive and prescriptive analytics came into existence.听Predictive analytics helps decision makers to mathematically predict the future.听On the other hand, prescriptive analytics helps decision makers to take action regarding future events.听Prescriptive analytics and maintenance are computing tools that use modern technologies such as artificial intelligence, machine learning, as well as pattern recognition to create efficient decision making for asset management.听They are used to monitor equipment performance at the premises and also predict performance expectations.听Anyone responsible for asset management can reap the benefits of prescriptive analytics.听Original equipment manufacturers (OEM), maintenance organizations, or any third party service providers can use prescriptive analytics to efficiently manage assets.听Prescriptive analytics draws data from business intelligence, enterprise asset management (EAM), enterprise resource planning (ERP), and other enterprise information systems.听Using these data, the solution frames what if conditions of all the possible results.听Each option is critically evaluated in order to arrive at the optimal course of action.听Prescriptive analytics saves time and significantly reduces human error since the outcome is created by the combination of predictive modelling, machine learning, and statistical algorithms.听Prescriptive maintenance continuously monitors the asset and immediately identifies any asset failure.听It is not limited to predicting failure like predictive analytics.听It has a larger canvas.听Prescriptive analytics helps in strategic decision making for the maintenance of the asset throughout its life cycle.听Therefore, the prescriptive approach to asset management has several benefits.听It helps in providing real-time data analysis and improves asset performance by significantly reducing downtime.
Highlights
The global Prescriptive Asset Management Solutions market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Prescriptive Asset Management Solutions is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Prescriptive Asset Management Solutions is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Prescriptive Asset Management Solutions in Oil & Gas is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Prescriptive Asset Management Solutions include AspenTech, ABB, SSG Insight, Arcadis Gen Sheffield, PlantVision, Altran Americas, IBM Corporation, Rockwell Automation and SAP SE, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Prescriptive Asset Management Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Prescriptive Asset Management Solutions.
The Prescriptive Asset Management Solutions market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Prescriptive Asset Management Solutions market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Prescriptive Asset Management Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
AspenTech
ABB
SSG Insight
Arcadis Gen Sheffield
PlantVision
Altran Americas
IBM Corporation
Rockwell Automation
SAP SE
Wipro
eMaint
Segment by Type
Software
Services
Segment by Application
Oil & Gas
Chemicals
Water & Wastewater
Power Generation
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Prescriptive Asset Management Solutions companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Prescriptive Asset Management Solutions Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Software
1.2.3 Services
1.3 Market by Application
1.3.1 Global Prescriptive Asset Management Solutions Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Oil & Gas
1.3.3 Chemicals
1.3.4 Water & Wastewater
1.3.5 Power Generation
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Prescriptive Asset Management Solutions Market Perspective (2018-2029)
2.2 Prescriptive Asset Management Solutions Growth Trends by Region
2.2.1 Global Prescriptive Asset Management Solutions Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Prescriptive Asset Management Solutions Historic Market Size by Region (2018-2023)
2.2.3 Prescriptive Asset Management Solutions Forecasted Market Size by Region (2024-2029)
2.3 Prescriptive Asset Management Solutions Market Dynamics
2.3.1 Prescriptive Asset Management Solutions Industry Trends
2.3.2 Prescriptive Asset Management Solutions Market Drivers
2.3.3 Prescriptive Asset Management Solutions Market Challenges
2.3.4 Prescriptive Asset Management Solutions Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Prescriptive Asset Management Solutions Players by Revenue
3.1.1 Global Top Prescriptive Asset Management Solutions Players by Revenue (2018-2023)
3.1.2 Global Prescriptive Asset Management Solutions Revenue Market Share by Players (2018-2023)
3.2 Global Prescriptive Asset Management Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Prescriptive Asset Management Solutions Revenue
3.4 Global Prescriptive Asset Management Solutions Market Concentration Ratio
3.4.1 Global Prescriptive Asset Management Solutions Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Prescriptive Asset Management Solutions Revenue in 2022
3.5 Prescriptive Asset Management Solutions Key Players Head office and Area Served
3.6 Key Players Prescriptive Asset Management Solutions Product Solution and Service
3.7 Date of Enter into Prescriptive Asset Management Solutions Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Prescriptive Asset Management Solutions Breakdown Data by Type
4.1 Global Prescriptive Asset Management Solutions Historic Market Size by Type (2018-2023)
4.2 Global Prescriptive Asset Management Solutions Forecasted Market Size by Type (2024-2029)
5 Prescriptive Asset Management Solutions Breakdown Data by Application
5.1 Global Prescriptive Asset Management Solutions Historic Market Size by Application (2018-2023)
5.2 Global Prescriptive Asset Management Solutions Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Prescriptive Asset Management Solutions Market Size (2018-2029)
6.2 North America Prescriptive Asset Management Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Prescriptive Asset Management Solutions Market Size by Country (2018-2023)
6.4 North America Prescriptive Asset Management Solutions Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Prescriptive Asset Management Solutions Market Size (2018-2029)
7.2 Europe Prescriptive Asset Management Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Prescriptive Asset Management Solutions Market Size by Country (2018-2023)
7.4 Europe Prescriptive Asset Management Solutions Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Prescriptive Asset Management Solutions Market Size (2018-2029)
8.2 Asia-Pacific Prescriptive Asset Management Solutions Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Prescriptive Asset Management Solutions Market Size by Region (2018-2023)
8.4 Asia-Pacific Prescriptive Asset Management Solutions Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Prescriptive Asset Management Solutions Market Size (2018-2029)
9.2 Latin America Prescriptive Asset Management Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Prescriptive Asset Management Solutions Market Size by Country (2018-2023)
9.4 Latin America Prescriptive Asset Management Solutions Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Prescriptive Asset Management Solutions Market Size (2018-2029)
10.2 Middle East & Africa Prescriptive Asset Management Solutions Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Prescriptive Asset Management Solutions Market Size by Country (2018-2023)
10.4 Middle East & Africa Prescriptive Asset Management Solutions Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 AspenTech
11.1.1 AspenTech Company Detail
11.1.2 AspenTech Business Overview
11.1.3 AspenTech Prescriptive Asset Management Solutions Introduction
11.1.4 AspenTech Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.1.5 AspenTech Recent Development
11.2 ABB
11.2.1 ABB Company Detail
11.2.2 ABB Business Overview
11.2.3 ABB Prescriptive Asset Management Solutions Introduction
11.2.4 ABB Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.2.5 ABB Recent Development
11.3 SSG Insight
11.3.1 SSG Insight Company Detail
11.3.2 SSG Insight Business Overview
11.3.3 SSG Insight Prescriptive Asset Management Solutions Introduction
11.3.4 SSG Insight Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.3.5 SSG Insight Recent Development
11.4 Arcadis Gen Sheffield
11.4.1 Arcadis Gen Sheffield Company Detail
11.4.2 Arcadis Gen Sheffield Business Overview
11.4.3 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Introduction
11.4.4 Arcadis Gen Sheffield Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.4.5 Arcadis Gen Sheffield Recent Development
11.5 PlantVision
11.5.1 PlantVision Company Detail
11.5.2 PlantVision Business Overview
11.5.3 PlantVision Prescriptive Asset Management Solutions Introduction
11.5.4 PlantVision Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.5.5 PlantVision Recent Development
11.6 Altran Americas
11.6.1 Altran Americas Company Detail
11.6.2 Altran Americas Business Overview
11.6.3 Altran Americas Prescriptive Asset Management Solutions Introduction
11.6.4 Altran Americas Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.6.5 Altran Americas Recent Development
11.7 IBM Corporation
11.7.1 IBM Corporation Company Detail
11.7.2 IBM Corporation Business Overview
11.7.3 IBM Corporation Prescriptive Asset Management Solutions Introduction
11.7.4 IBM Corporation Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.7.5 IBM Corporation Recent Development
11.8 Rockwell Automation
11.8.1 Rockwell Automation Company Detail
11.8.2 Rockwell Automation Business Overview
11.8.3 Rockwell Automation Prescriptive Asset Management Solutions Introduction
11.8.4 Rockwell Automation Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.8.5 Rockwell Automation Recent Development
11.9 SAP SE
11.9.1 SAP SE Company Detail
11.9.2 SAP SE Business Overview
11.9.3 SAP SE Prescriptive Asset Management Solutions Introduction
11.9.4 SAP SE Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.9.5 SAP SE Recent Development
11.10 Wipro
11.10.1 Wipro Company Detail
11.10.2 Wipro Business Overview
11.10.3 Wipro Prescriptive Asset Management Solutions Introduction
11.10.4 Wipro Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.10.5 Wipro Recent Development
11.11 eMaint
11.11.1 eMaint Company Detail
11.11.2 eMaint Business Overview
11.11.3 eMaint Prescriptive Asset Management Solutions Introduction
11.11.4 eMaint Revenue in Prescriptive Asset Management Solutions Business (2018-2023)
11.11.5 eMaint Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
AspenTech
ABB
SSG Insight
Arcadis Gen Sheffield
PlantVision
Altran Americas
IBM Corporation
Rockwell Automation
SAP SE
Wipro
eMaint
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*If Applicable.
