The US APM market is estimated to grow significantly during the forecast period. The factors that majorly contributing to the growth of the market include the well-established ITZ infrastructure, a growing number of enterprises coupled with rising adoption of ASM solutions in large enterprises in the country. The ASM solutions are widely adopted in various industries such as energy & utilities, BFSI, healthcare, and others as these solutions support them to manage and monitor their assets using a systemized approach. Moreover, the growing adoption of AI and IoT technology in enterprises is further projected to increase the demand for APM in the near future.
The US APM market is segmented on the basis of deployment and industry. Based on the deployment, the market is further classified into cloud-based and on-premises. The on-premises segment is projected to have a considerable share in the US market. Energy and utilities, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise APM solutions as this solution is more customizable as compared to cloud-based APM, thus, it fulfills the requirements of all end-users. Based on the industry, the US APM market is further segmented into BFSI, retail, energy, and utility, healthcare, government, IT & telecom, and others. The IT & telecom segment is estimated to grow at a considerable CAGR during the forecast period owing to the growing adoption of asset management solutions in the telecom sector for better asset performance.
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US APM Market – Segmentation
By Deployment
- Cloud-based
- On-Premises
By Industry
- BFSI
- Energy & Utilities
- Healthcare
- Government
- IT & Telecom
- Others (Food & Beverages)
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Company Profiles
- Aspen Technology, Inc.
- Aptean Group
- Accruent
- Bentley Systems, Inc.
- eMaint Enterprises, LLC
- General Electric Co.
- IBM Corp.
- Infor
- Microsoft Corp.
- Nexus Global Business Solutions, Inc.
- OSIsoft, LLC
- Oracle Corp.
- Rockwell Automation, Inc.
- Uptake Technologies Inc.
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