Prescriptive Asset Management Solutions Market, Global Outlook and Forecast 2023-2029

Report ID: MMG171715 | Category: Service & Software | Pages: 66 | Format: PDF | Published Date: August 16,2023

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Analytics is the computational analysis of a set of data. The field of analytics has evolved over a period of time. It used to be descriptive in nature and used historical data to analyze situations and actions. Later, descriptive analytics was further refined to diagnostic analytics, which provided reasoning for actions. With further advancements in computational technology, the approach of predictive and prescriptive analytics came into existence. Predictive analytics helps decision makers to mathematically predict the future. On the other hand, prescriptive analytics helps decision makers to take action regarding future events. 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. They are used to monitor equipment performance at the premises and also predict performance expectations. Anyone responsible for asset management can reap the benefits of prescriptive analytics. Original equipment manufacturers (OEM), maintenance organizations, or any third party service providers can use prescriptive analytics to efficiently manage assets. Prescriptive analytics draws data from business intelligence, enterprise asset management (EAM), enterprise resource planning (ERP), and other enterprise information systems. Using these data, the solution frames what if conditions of all the possible results. Each option is critically evaluated in order to arrive at the optimal course of action. 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. Prescriptive maintenance continuously monitors the asset and immediately identifies any asset failure. It is not limited to predicting failure like predictive analytics. It has a larger canvas. Prescriptive analytics helps in strategic decision making for the maintenance of the asset throughout its life cycle. Therefore, the prescriptive approach to asset management has several benefits. It helps in providing real-time data analysis and improves asset performance by significantly reducing downtime.
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. This report contains market size and forecasts of Prescriptive Asset Management Solutions in global, including the following market information:
Global Prescriptive Asset Management Solutions Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Prescriptive Asset Management Solutions market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Software Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers 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 global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Prescriptive Asset Management Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Prescriptive Asset Management Solutions Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Prescriptive Asset Management Solutions Market Segment Percentages, by Type, 2022 (%)
    Software
    Services
Global Prescriptive Asset Management Solutions Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Prescriptive Asset Management Solutions Market Segment Percentages, by Application, 2022 (%)
    Oil & Gas
    Chemicals
    Water & Wastewater
    Power Generation
    Others
Global Prescriptive Asset Management Solutions Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Prescriptive Asset Management Solutions Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Prescriptive Asset Management Solutions revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Prescriptive Asset Management Solutions revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    AspenTech
    ABB
    SSG Insight
    Arcadis Gen Sheffield
    PlantVision
    Altran Americas
    IBM Corporation
    Rockwell Automation
    SAP SE
    Wipro
    eMaint
Outline of Major Chapters:
Chapter 1: Introduces the definition of Prescriptive Asset Management Solutions, market overview.
Chapter 2: Global Prescriptive Asset Management Solutions market size in revenue.
Chapter 3: Detailed analysis of Prescriptive Asset Management Solutions company competitive landscape, revenue and 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: Sales of Prescriptive Asset Management Solutions in regional level and country level. 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Prescriptive Asset Management Solutions Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Prescriptive Asset Management Solutions Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Prescriptive Asset Management Solutions Overall Market Size
    2.1 Global Prescriptive Asset Management Solutions Market Size: 2022 VS 2029
    2.2 Global Prescriptive Asset Management Solutions Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Prescriptive Asset Management Solutions Players in Global Market
    3.2 Top Global Prescriptive Asset Management Solutions Companies Ranked by Revenue
    3.3 Global Prescriptive Asset Management Solutions Revenue by Companies
    3.4 Top 3 and Top 5 Prescriptive Asset Management Solutions Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Prescriptive Asset Management Solutions Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Prescriptive Asset Management Solutions Players in Global Market
        3.6.1 List of Global Tier 1 Prescriptive Asset Management Solutions Companies
        3.6.2 List of Global Tier 2 and Tier 3 Prescriptive Asset Management Solutions Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Prescriptive Asset Management Solutions Market Size Markets, 2022 & 2029
        4.1.2 Software
        4.1.3 Services
    4.2 By Type - Global Prescriptive Asset Management Solutions Revenue & Forecasts
        4.2.1 By Type - Global Prescriptive Asset Management Solutions Revenue, 2018-2023
        4.2.2 By Type - Global Prescriptive Asset Management Solutions Revenue, 2024-2029
        4.2.3 By Type - Global Prescriptive Asset Management Solutions Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Prescriptive Asset Management Solutions Market Size, 2022 & 2029
        5.1.2 Oil & Gas
        5.1.3 Chemicals
        5.1.4 Water & Wastewater
        5.1.5 Power Generation
        5.1.6 Others
    5.2 By Application - Global Prescriptive Asset Management Solutions Revenue & Forecasts
        5.2.1 By Application - Global Prescriptive Asset Management Solutions Revenue, 2018-2023
        5.2.2 By Application - Global Prescriptive Asset Management Solutions Revenue, 2024-2029
        5.2.3 By Application - Global Prescriptive Asset Management Solutions Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Prescriptive Asset Management Solutions Market Size, 2022 & 2029
    6.2 By Region - Global Prescriptive Asset Management Solutions Revenue & Forecasts
        6.2.1 By Region - Global Prescriptive Asset Management Solutions Revenue, 2018-2023
        6.2.2 By Region - Global Prescriptive Asset Management Solutions Revenue, 2024-2029
        6.2.3 By Region - Global Prescriptive Asset Management Solutions Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Prescriptive Asset Management Solutions Revenue, 2018-2029
        6.3.2 US Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.3.3 Canada Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.3.4 Mexico Prescriptive Asset Management Solutions Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Prescriptive Asset Management Solutions Revenue, 2018-2029
        6.4.2 Germany Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.3 France Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.4 U.K. Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.5 Italy Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.6 Russia Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.7 Nordic Countries Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.4.8 Benelux Prescriptive Asset Management Solutions Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Prescriptive Asset Management Solutions Revenue, 2018-2029
        6.5.2 China Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.5.3 Japan Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.5.4 South Korea Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.5.5 Southeast Asia Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.5.6 India Prescriptive Asset Management Solutions Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Prescriptive Asset Management Solutions Revenue, 2018-2029
        6.6.2 Brazil Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.6.3 Argentina Prescriptive Asset Management Solutions Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Prescriptive Asset Management Solutions Revenue, 2018-2029
        6.7.2 Turkey Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.7.3 Israel Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.7.4 Saudi Arabia Prescriptive Asset Management Solutions Market Size, 2018-2029
        6.7.5 UAE Prescriptive Asset Management Solutions Market Size, 2018-2029
7 Prescriptive Asset Management Solutions Companies Profiles
    7.1 AspenTech
        7.1.1 AspenTech Company Summary
        7.1.2 AspenTech Business Overview
        7.1.3 AspenTech Prescriptive Asset Management Solutions Major Product Offerings
        7.1.4 AspenTech Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.1.5 AspenTech Key News & Latest Developments
    7.2 ABB
        7.2.1 ABB Company Summary
        7.2.2 ABB Business Overview
        7.2.3 ABB Prescriptive Asset Management Solutions Major Product Offerings
        7.2.4 ABB Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.2.5 ABB Key News & Latest Developments
    7.3 SSG Insight
        7.3.1 SSG Insight Company Summary
        7.3.2 SSG Insight Business Overview
        7.3.3 SSG Insight Prescriptive Asset Management Solutions Major Product Offerings
        7.3.4 SSG Insight Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.3.5 SSG Insight Key News & Latest Developments
    7.4 Arcadis Gen Sheffield
        7.4.1 Arcadis Gen Sheffield Company Summary
        7.4.2 Arcadis Gen Sheffield Business Overview
        7.4.3 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Major Product Offerings
        7.4.4 Arcadis Gen Sheffield Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.4.5 Arcadis Gen Sheffield Key News & Latest Developments
    7.5 PlantVision
        7.5.1 PlantVision Company Summary
        7.5.2 PlantVision Business Overview
        7.5.3 PlantVision Prescriptive Asset Management Solutions Major Product Offerings
        7.5.4 PlantVision Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.5.5 PlantVision Key News & Latest Developments
    7.6 Altran Americas
        7.6.1 Altran Americas Company Summary
        7.6.2 Altran Americas Business Overview
        7.6.3 Altran Americas Prescriptive Asset Management Solutions Major Product Offerings
        7.6.4 Altran Americas Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.6.5 Altran Americas Key News & Latest Developments
    7.7 IBM Corporation
        7.7.1 IBM Corporation Company Summary
        7.7.2 IBM Corporation Business Overview
        7.7.3 IBM Corporation Prescriptive Asset Management Solutions Major Product Offerings
        7.7.4 IBM Corporation Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.7.5 IBM Corporation Key News & Latest Developments
    7.8 Rockwell Automation
        7.8.1 Rockwell Automation Company Summary
        7.8.2 Rockwell Automation Business Overview
        7.8.3 Rockwell Automation Prescriptive Asset Management Solutions Major Product Offerings
        7.8.4 Rockwell Automation Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.8.5 Rockwell Automation Key News & Latest Developments
    7.9 SAP SE
        7.9.1 SAP SE Company Summary
        7.9.2 SAP SE Business Overview
        7.9.3 SAP SE Prescriptive Asset Management Solutions Major Product Offerings
        7.9.4 SAP SE Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.9.5 SAP SE Key News & Latest Developments
    7.10 Wipro
        7.10.1 Wipro Company Summary
        7.10.2 Wipro Business Overview
        7.10.3 Wipro Prescriptive Asset Management Solutions Major Product Offerings
        7.10.4 Wipro Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.10.5 Wipro Key News & Latest Developments
    7.11 eMaint
        7.11.1 eMaint Company Summary
        7.11.2 eMaint Business Overview
        7.11.3 eMaint Prescriptive Asset Management Solutions Major Product Offerings
        7.11.4 eMaint Prescriptive Asset Management Solutions Revenue in Global Market (2018-2023)
        7.11.5 eMaint Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Prescriptive Asset Management Solutions Market, Global Outlook and Forecast 2023-2029

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