Asset Performance Management Market Outlook:
Asset Performance Management Market size was over USD 2.74 billion in 2025 and is anticipated to cross USD 8.66 billion by 2035, witnessing more than 12.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of asset performance management is assessed at USD 3.04 billion.
The primary driving factor of asset performance management (APM) is the increasing need for organizations to enhance operational efficiency and reduce maintenance costs. Businesses are investing in APM solutions to better predict and prevent equipment failures, optimize asset utilization, and extend the lifespan of their assets. This focus on maximizing asset performance and minimizing downtime, coupled with advancements in technologies such as Internet of Things (IoT), artificial intelligence (AI), and big data analytics, is fueling the growth of the APM market.
Several companies are integrating AI-powered APM systems to enhance their operational efficiency and predictive maintenance capabilities. For instance, GE Vernova, a global leader in electrification, decarbonization, and energy solutions, announced the release of Autonomous Inspection in May 2024. This cloud-based computer vision software solution automates manual inspection and monitoring of industrial assets using image capture devices and artificial intelligence/machine learning (AI/ML) algorithms.
