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Global Plant Asset Management (PAM) System Market Report 2017-21 - Research and Markets

[September 18, 2017]

Global Plant Asset Management (PAM) System Market Report 2017-21 - Research and Markets

The "Global Plant Asset Management (PAM) System Market 2017-2021" report has been added to Research and Markets' offering.

The report forecasts the global plant asset management (PAM) system market to grow at a CAGR of 5.15% during the period 2017-2021.

The report, Global Plant Asset Management (PAM) System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is the incorporation of 3D modeling in real time asset management. 3D modeling has moved from the prototype stage and has been finding acceptance among industries. For example, the construction industry is using Building Information Modelling (BIM), a 3D model-based technology process, which provides users a digital description of th building. Similarly, 3D laser scanners can be used to capture detailed data of a physical object and store it as a 3D model in computers. With the cost of adopting 3D technology going down, organizations are increasingly incorporating it into their systems for asset management. For example, Bentley Systems offers software that can combine photos taken from the ground, drones, and laser scans to create 3D reconstructions of facilities. This can be used for planning maintenance, construction, and training.

Key vendors