
Analytics is the computational analysis of a set of data.ÌýThe field of analytics has evolved over a period of time.ÌýIt used to be descriptive in nature and used historical data to analyze situations and actions.ÌýLater, descriptive analytics was further refined to diagnostic analytics, which provided reasoning for actions.ÌýWith further advancements in computational technology, the approach of predictive and prescriptive analytics came into existence.ÌýPredictive analytics helps decision makers to mathematically predict the future.ÌýOn the other hand, prescriptive analytics helps decision makers to take action regarding future events.ÌýPrescriptive 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.ÌýThey are used to monitor equipment performance at the premises and also predict performance expectations.ÌýAnyone responsible for asset management can reap the benefits of prescriptive analytics.ÌýOriginal equipment manufacturers (OEM), maintenance organizations, or any third party service providers can use prescriptive analytics to efficiently manage assets.ÌýPrescriptive analytics draws data from business intelligence, enterprise asset management (EAM), enterprise resource planning (ERP), and other enterprise information systems.ÌýUsing these data, the solution frames what if conditions of all the possible results.ÌýEach option is critically evaluated in order to arrive at the optimal course of action.ÌýPrescriptive analytics saves time and significantly reduces human error since the outcome is created by the combination of predictive modelling, machine learning, and statistical algorithms.ÌýPrescriptive maintenance continuously monitors the asset and immediately identifies any asset failure.ÌýIt is not limited to predicting failure like predictive analytics.ÌýIt has a larger canvas.ÌýPrescriptive analytics helps in strategic decision making for the maintenance of the asset throughout its life cycle.ÌýTherefore, the prescriptive approach to asset management has several benefits.ÌýIt helps in providing real-time data analysis and improves asset performance by significantly reducing downtime.
The global market for Prescriptive Asset Management Solutions was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
North American market for Prescriptive Asset Management Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Prescriptive Asset Management Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Europe market for Prescriptive Asset Management Solutions was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global key 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 2023, the global five largest players hold a share approximately % in terms of revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Prescriptive Asset Management Solutions, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Prescriptive Asset Management Solutions by region & country, by Type, and by Application.
The Prescriptive Asset Management Solutions market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
Market Segmentation
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
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Prescriptive Asset Management Solutions manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Prescriptive Asset Management Solutions in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Prescriptive Asset Management Solutions in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Prescriptive Asset Management Solutions Product Introduction
1.2 Global Prescriptive Asset Management Solutions Market Size Forecast
1.3 Prescriptive Asset Management Solutions Market Trends & Drivers
1.3.1 Prescriptive Asset Management Solutions Industry Trends
1.3.2 Prescriptive Asset Management Solutions Market Drivers & Opportunity
1.3.3 Prescriptive Asset Management Solutions Market Challenges
1.3.4 Prescriptive Asset Management Solutions Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Prescriptive Asset Management Solutions Players Revenue Ranking (2023)
2.2 Global Prescriptive Asset Management Solutions Revenue by Company (2019-2024)
2.3 Key Companies Prescriptive Asset Management Solutions Manufacturing Base Distribution and Headquarters
2.4 Key Companies Prescriptive Asset Management Solutions Product Offered
2.5 Key Companies Time to Begin Mass Production of Prescriptive Asset Management Solutions
2.6 Prescriptive Asset Management Solutions Market Competitive Analysis
2.6.1 Prescriptive Asset Management Solutions Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Prescriptive Asset Management Solutions Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Prescriptive Asset Management Solutions as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Software
3.1.2 Services
3.2 Global Prescriptive Asset Management Solutions Sales Value by Type
3.2.1 Global Prescriptive Asset Management Solutions Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Prescriptive Asset Management Solutions Sales Value, by Type (2019-2030)
3.2.3 Global Prescriptive Asset Management Solutions Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Oil & Gas
4.1.2 Chemicals
4.1.3 Water & Wastewater
4.1.4 Power Generation
4.1.5 Others
4.2 Global Prescriptive Asset Management Solutions Sales Value by Application
4.2.1 Global Prescriptive Asset Management Solutions Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Prescriptive Asset Management Solutions Sales Value, by Application (2019-2030)
4.2.3 Global Prescriptive Asset Management Solutions Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Prescriptive Asset Management Solutions Sales Value by Region
5.1.1 Global Prescriptive Asset Management Solutions Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Prescriptive Asset Management Solutions Sales Value by Region (2019-2024)
5.1.3 Global Prescriptive Asset Management Solutions Sales Value by Region (2025-2030)
5.1.4 Global Prescriptive Asset Management Solutions Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Prescriptive Asset Management Solutions Sales Value, 2019-2030
5.2.2 North America Prescriptive Asset Management Solutions Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Prescriptive Asset Management Solutions Sales Value, 2019-2030
5.3.2 Europe Prescriptive Asset Management Solutions Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Prescriptive Asset Management Solutions Sales Value, 2019-2030
5.4.2 Asia Pacific Prescriptive Asset Management Solutions Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Prescriptive Asset Management Solutions Sales Value, 2019-2030
5.5.2 South America Prescriptive Asset Management Solutions Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Prescriptive Asset Management Solutions Sales Value, 2019-2030
5.6.2 Middle East & Africa Prescriptive Asset Management Solutions Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Prescriptive Asset Management Solutions Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Prescriptive Asset Management Solutions Sales Value
6.3 United States
6.3.1 United States Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.3.2 United States Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.4.2 Europe Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.5.2 China Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.5.3 China Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.6.2 Japan Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.7.2 South Korea Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.8.2 Southeast Asia Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Prescriptive Asset Management Solutions Sales Value, 2019-2030
6.9.2 India Prescriptive Asset Management Solutions Sales Value by Type (%), 2023 VS 2030
6.9.3 India Prescriptive Asset Management Solutions Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 AspenTech
7.1.1 AspenTech Profile
7.1.2 AspenTech Main Business
7.1.3 AspenTech Prescriptive Asset Management Solutions Products, Services and Solutions
7.1.4 AspenTech Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.1.5 AspenTech Recent Developments
7.2 ABB
7.2.1 ABB Profile
7.2.2 ABB Main Business
7.2.3 ABB Prescriptive Asset Management Solutions Products, Services and Solutions
7.2.4 ABB Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.2.5 ABB Recent Developments
7.3 SSG Insight
7.3.1 SSG Insight Profile
7.3.2 SSG Insight Main Business
7.3.3 SSG Insight Prescriptive Asset Management Solutions Products, Services and Solutions
7.3.4 SSG Insight Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.3.5 Arcadis Gen Sheffield Recent Developments
7.4 Arcadis Gen Sheffield
7.4.1 Arcadis Gen Sheffield Profile
7.4.2 Arcadis Gen Sheffield Main Business
7.4.3 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Products, Services and Solutions
7.4.4 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.4.5 Arcadis Gen Sheffield Recent Developments
7.5 PlantVision
7.5.1 PlantVision Profile
7.5.2 PlantVision Main Business
7.5.3 PlantVision Prescriptive Asset Management Solutions Products, Services and Solutions
7.5.4 PlantVision Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.5.5 PlantVision Recent Developments
7.6 Altran Americas
7.6.1 Altran Americas Profile
7.6.2 Altran Americas Main Business
7.6.3 Altran Americas Prescriptive Asset Management Solutions Products, Services and Solutions
7.6.4 Altran Americas Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.6.5 Altran Americas Recent Developments
7.7 IBM Corporation
7.7.1 IBM Corporation Profile
7.7.2 IBM Corporation Main Business
7.7.3 IBM Corporation Prescriptive Asset Management Solutions Products, Services and Solutions
7.7.4 IBM Corporation Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.7.5 IBM Corporation Recent Developments
7.8 Rockwell Automation
7.8.1 Rockwell Automation Profile
7.8.2 Rockwell Automation Main Business
7.8.3 Rockwell Automation Prescriptive Asset Management Solutions Products, Services and Solutions
7.8.4 Rockwell Automation Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.8.5 Rockwell Automation Recent Developments
7.9 SAP SE
7.9.1 SAP SE Profile
7.9.2 SAP SE Main Business
7.9.3 SAP SE Prescriptive Asset Management Solutions Products, Services and Solutions
7.9.4 SAP SE Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.9.5 SAP SE Recent Developments
7.10 Wipro
7.10.1 Wipro Profile
7.10.2 Wipro Main Business
7.10.3 Wipro Prescriptive Asset Management Solutions Products, Services and Solutions
7.10.4 Wipro Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.10.5 Wipro Recent Developments
7.11 eMaint
7.11.1 eMaint Profile
7.11.2 eMaint Main Business
7.11.3 eMaint Prescriptive Asset Management Solutions Products, Services and Solutions
7.11.4 eMaint Prescriptive Asset Management Solutions Revenue (US$ Million) & (2019-2024)
7.11.5 eMaint Recent Developments
8 Industry Chain Analysis
8.1 Prescriptive Asset Management Solutions Industrial Chain
8.2 Prescriptive Asset Management Solutions Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Prescriptive Asset Management Solutions Sales Model
8.5.2 Sales Channel
8.5.3 Prescriptive Asset Management Solutions Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
AspenTech
ABB
SSG Insight
Arcadis Gen Sheffield
PlantVision
Altran Americas
IBM Corporation
Rockwell Automation
SAP SE
Wipro
eMaint
Ìý
Ìý
*If Applicable.
