From GlobeNewswire: 2025-05-29 10:00:00

The Industrial Asset Management Market was valued at USD 156.36 billion in 2023, projected to reach USD 654.30 billion by 2032 with a CAGR of 17.29%. U.S. market valued at USD 39.36 billion in 2023. Major players include ABB, GE, IBM, and SAP. Services segment leads, software segment grows fastest.

Manufacturing assets dominate the market, accounting for 38% of revenue share in 2023. Returnable Transport Assets segment expected to grow fastest. North America leads in revenue generation, while Asia-Pacific shows the fastest growth. Recent developments include new AI-driven predictive asset analytics and upgraded asset management platforms.

ABB, Schneider Electric, and IBM introduced new capabilities in their asset management solutions in 2024. SNS Insider provides detailed market analysis reports on the Industrial Asset Management Market, including market size, growth drivers, and key players. Their aim is to provide clients with current, accurate market data and insights to make informed decisions.



Read more at GlobeNewswire: Industrial Asset Management Market to Hit USD 654.30