Asset Performance Management Market to Grow at USD 6.17 Billion by 2031| SkyQuest Technology

Westford, US, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The global asset performance management market size was valued at $2.90 Billion in 2023 and expected to reach $6.17 Billion by 2031, growing at a CAGR of 9.9%  from 2024 to 2031. The market is expected to grow significantly during the forecast period due to the rising demand for digital solutions across industries, such as oil & gas, manufacturing and chemicals, and others to curb operational expenses. APM system helps collect all forms of data from all forms of assets, such as machinery, heavy equipment and so on using sensors. The APM system, with the help of its data analysis software, interchanges between any facilities data.