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Asset Performance Management Market worth $3.19 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 1, 2024 /PRNewswire/ — The Asset Performance Management Market is expected to grow from USD 1.91 billion in 2024 to USD 3.19 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period, according to a new report by MarketsandMarkets™.  A need for optimizing cost efficiency will boost the growth of the Asset Performance Management Market during the forecast period.

Browse in-depth TOC on “Asset Performance Management Market”

280 – Tables
55 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market Size Available For Years

2019–2029

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Segments Covered

Offering, Asset Type, Deployment Type, Organization Size, Vertical

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US), SAP (Germany), Emerson (US), Bentley Systems (US), Rockwell Automation (US),  DNV (US), Fluke (US), Siemens Energy (Germany), Oracle (US), Yokogawa (Japan), SAS (US), Arms Reliablity (Australia), Synopsys (US), Honeywell (US), Prometheus Group (US), Hexagon (Sweden), Nexus Global (US), Detechtion Technologies (US), IPS Intelligent Process Solutions (Germany), Plasma (US), Tenna (US), Uptake (US), UpKeep (US), Shoreline AI(US), MentorAPM (US), Fracttal (Spain), MicroAI (US), VROC (Australia), Opetational Sustainability (US), Qualer (US), and MaintainX (US).

By deployment type, the cloud segment will grow at the highest CAGR during the forecast period.

The penetration of cloud deployment in the asset performance management (APM) market is anticipated to witness the fastest growth in the rate of compound annual growth (CAGR) during the projected years because of the improvements in scalability, cost, and reach of these systems. Businesses have adopted such solutions mainly because of advanced analytics, real-time monitoring, and collaboration, which can be integrated to improve decision-making and productivity. The shift towards digital transformation and the growing adoption of Internet of Things (IoT) technologies further drive the demand for cloud-based APM solutions. As organizations seek to enhance asset utilization and reduce downtime, cloud deployment offers a flexible and innovative approach to managing assets effectively.

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The solutions segment will hold the largest market share in 2024 by offering.

In the asset performance management (APM) market, the solutions segment is projected to hold the largest market share during the forecast period. This is because many organizations seek ways to enhance productivity, minimize idleness, and use their assets best. Advanced analytics, reliability-centered maintenance, the scent of the Internet of Things, and total device monitoring provide valuable intelligence about assets’ health and performance. Therefore, organizations are purchasing more APM approaches to facilitate better planning, encourage predictive maintenance, and reduce operational expenses. This highlights the essential role of technology in transforming asset management strategies across various industries.

Based on region, the Asia Pacific region will grow at the highest CAGR during the forecast period.

The Asia Pacific region is set to grow at the highest compound annual growth rate (CAGR) in the asset performance management (APM) market during the forecast period, driven by its status as a significant digital hub and rapid adoption of cloud technology. With public cloud spending in major economies such as China, Japan, Australia, Singapore, India, and Indonesia increasing, businesses are recognizing digital transformation’s vital role in enhancing operational efficiency—the urgency of cloud access, which the COVID-19 pandemic has intensified. Providing significant opportunities for APM suppliers, industries such as manufacturing, energy, transportation, and chemicals are embracing advanced technologies such as AI, IIoT, and analytics. This partially addresses the need for APM solutions. A national framework has also been developed to realize Industry 4.0 to increase productivity and economic resilience post-pandemic. These policies are necessary for the proper infrastructural strategy that promotes the adoption of connecting technologies such as machine learning and digital twins. The APM market is expected to expand significantly as the region adopts cloud-based strategies and intelligent manufacturing practices. This is driven by a focus on asset optimization and sector leveraging.

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Top Key Companies in Asset Performance Management Market:

Some of the key players operating in the Asset Performance Management Market are –ABB (Switzerland), GE Vernova (US), AVEVA (UK), IBM (US),  SAP (Germany), Rockwell Automation (US), Emerson (US), Bentley Systems (US), DNV (US), Fluke (US), Siemens Energy (Germany), Oracle (US), Yokogawa (Japan), SAS (US), Arms Reliability (Australia), Synopsys (US), Honeywell (US), Prometheus Group (US), Hexagon (Sweden), Nexus Global (US), Detection Technologies (US), IPS Intelligent Process Solutions (Germany), Plasma (US), Tenna (US), Uptake (US), UpKeep (US), ShorelineAi (US), MentorAPM (US), Fractal (Spain), MicroAI (US), VROC (Australia), Operational Sustainability (US), Qualer (US), and MaintainX (US).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Maropost breaks records in G2 Fall 2024 Reports

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Maropost earns 17 badges across 70 G2 reports, including nine new accolades and eight for mid-market excellence

TORONTO, Oct. 1, 2024 /CNW/ – Building on its G2 Summer Reports success, Maropost Marketing Cloud shattered records in G2’s Fall 2024 Reports, securing an unprecedented 17 badges across 70 categories. G2, the world’s largest software marketplace, awards badges on genuine customer reviews and user feedback.

Maropost’s Fall accolades include nine new badges plus eight more specifically for mid-market excellence, solidifying Marketing Cloud’s position as a leader in marketing automation and ecommerce solutions for fast-growing businesses. Notably, Maropost earned recognition for “Ease of Doing Business With” in both Mid-Market and SMB categories, underlining its commitment to user-friendly solutions across business sizes.

Recognized by G2 as a “High Performer in Email Marketing,” Marketing Cloud helps rapidly scaling brands take control of their email, SMS, and social media programs. Powered by AI, it allows marketers to effortlessly build and segment audiences, customize customer journeys, personalize communications, and automate delivery across multiple channels.

Glowing G2 reviews reinforce why Maropost earned a Fall Reports “Users Love Us” distinction. Customers praise Marketing Cloud’s ability to “precisely target our clients’ audiences, ensuring messages reach the right people at the right time.” Others claim “deliverability is epic” and “support goes above and beyond to help you.”

Ross Andrew Paquette, Founder and CEO of Maropost, commented on Marketing Cloud’s achievements. “Our latest G2 badges represent the voice of our customers. We built Marketing Cloud to help businesses like theirs connect with customers, scale effortlessly, and accelerate growth. Seeing our actual users rank us so highly across multiple categories proves we’re more than delivering on that promise and validates our mission to deliver a truly unified platform that seamlessly connects all aspects of commerce and marketing.”

To learn more about how Maropost can help you deliver personalized, automated marketing experiences at scale, book a demo today.

About Maropost 

Only Maropost unites the commerce and marketing tools and insights growing brands need to engage customers and scale their business. Built on unified customer data and an enterprise-grade infrastructure, Maropost offers a complete, connected suite of marketing, merchandising and search, customer service, ecommerce, and retail solutions.   

Since its founding in 2011, Maropost has made multiple appearances on Deloitte’s Technology Fast 500 list and G2’s leaderboard. A global company, Maropost proudly serves 5,000+ leading commerce brands across North America, Australia, and Europe, including Victoria Beckham, Sandro Paris, Untuckit, Scott Sports, James Perse, and Fujifilm. Learn more at maropost.com.  

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SOURCE Maropost Inc.

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Xojo 2024 Release 3 Adds the Power of Preemptive Threads, Android Tablet Support

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AUSTIN, Texas, Oct. 1, 2024 /PRNewswire/ — Xojo, Inc., the developers behind Xojo—a powerful cross-platform development tool and programming language—proudly announce the immediate availability of Xojo 2024 Release 3. This release adds preemptive threading, a highly anticipated feature that offers significant performance improvements, Web improvements and support for Android tablets.

With over 200 new features and improvements, this new release not only offers the power of preemptive threads to Xojo users, it also includes Code Editor improvements, multiple Web updates and new Android features, including tablet support. Kem Tekinay, RegEx enthusiast and Xojo MVP, commented, “Xojo has introduced preemptive threads, and it’s a game-changer. With trademark simplicity that belies its power, this new feature will let users go in new directions for faster and more responsive apps by building on an already familiar foundation.”

New Features and Updates:
Preemptive Threading
Code Editor improvements: Row highlighting, command bar button for Standardize Format, and Syntax Help area size control
Web now uses Bootstrap v5.3.3 and Bootstrap Icons v1.11.3
Web supports adding CSS classes to controls
macOS Popovers can be resized
Windows HTMLViewer can now access camera and microphone
iOS Picture can access EXIF metadata
Android tablet support
Android improved Declare support
Android RegEx classes

Availability
Xojo is a cross-platform development tool for building native applications for macOS, Windows, Linux, iOS, Android, the web, and Raspberry Pi. Xojo is free to use for learning and development. A license is required to build most applications; building Linux Desktop and Console apps and Raspberry Pi apps is included in the Xojo IDE. Pricing begins at $99 for a single desktop platform. Building cross-platform desktop, mobile, or web applications is $399. Xojo Pro and Pro Plus packages are available from $799 and up, offering increased support and resources for professional developers. Xojo offers special packages for educators and students. For information on pricing and licensing options, please visit https://www.xojo.com/store.

About Xojo
With a passion for innovation and a commitment to empowering developers worldwide, Xojo revolutionizes the software development landscape by offering a native, cross-platform development environment. Since its inception more than 25 years ago, Xojo has fostered a vibrant community of developers united by their shared love for technology and the limitless possibilities it brings. For more information, visit Xojo at https://www.xojo.com.

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SOURCE Xojo, Inc.

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MIT Technology Review Recognizes Gogoro as a Top 15 Climate Tech Company to Watch for 2nd Consecutive Year

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MIT Technology Review’s ’15 Climate Tech Companies to Watch’ annual list recognizes companies that are developing innovative new technologies or scaling existing ones to address climate change.

CAMBRIDGE, Mass., Oct. 1, 2024 /PRNewswire/ — Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today was recognized by MIT Technology Review as a ’15 Climate Tech Companies to Watch’ for the second consecutive year. The announcement was made at the EmTech MIT Conference held at the MIT Media Lab in Cambridge, Massachusetts.

MIT Technology Review’s annual list recognizes companies that are developing innovative new technologies or scaling existing ones to address climate change. To access the 2024 ’15 Climate Tech Companies to Watch’ list, visit technologyreview.com.

“Gogoro stood out for successfully deploying electric scooters and battery swapping across Taiwan and is expanding elsewhere,” said Amy Nordrum, Executive Editor, Operations, MIT Technology Review. “But also—its battery swap stations are good for the grid, because they serve as a backup power source for the Taiwan power grid.That’s why we’re featuring them for the second year running.”

“Gogoro battery swapping is transforming urban two-wheel transportation, making it smarter, more sustainable, and accessible for everyone. With over 630 million battery swaps completed, we have successfully saved more than one million tons of CO2,” said Henry Chiang, CEO of Gogoro. “We are grateful to MIT Technology Review for including us in their prestigious list for the second consecutive year. We believe that innovation is key to tackling the most pressing climate challenges of our time.”

About MIT Technology Review
Founded at the Massachusetts Institute of Technology in 1899, MIT Technology Review is a world-renowned, independent media company whose insight, analysis, reviews, interviews and live events explain the newest technologies and their commercial, social and political impacts. MIT Technology Review derives authority from its relationship to the world’s foremost technology institution and from its editors’ deep technical knowledge, capacity to see technologies in their broadest context, and unequaled access to leading innovators and researchers.

About Gogoro
Founded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. Gogoro has recently been recognized with a variety of global awards including Frost & Sullivan’s ‘2024 Global Company of the Year for battery swapping for electric two-wheel vehicles’ award; and, MIT Technology Review’s 2023 and 2024 ’15 Climate Tech Companies to Watch’. Gogoro’s battery swapping and vehicle platforms offer a smart, proven, and sustainable long-term ecosystem for delivering a new approach to urban mobility. Gogoro has quickly become an innovation leader in vehicle design and electric propulsion, smart battery design, battery swapping, and advanced cloud services that utilize artificial intelligence to manage battery charging and availability. The challenge is massive, but the opportunity to disrupt the status quo, establish new standards, and achieve new levels of sustainable transportation growth in densely populated cities is even greater. Gogoro is operational in Taiwan, Philippines, Mainland China, India, Japan, Indonesia, Korea, Israel, Singapore, Colombia and Nepal. For more information, visit www.gogoro.com/news and follow Gogoro on Twitter: @wearegogoro.

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SOURCE Gogoro Inc

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