Rockwell Automation introduced My Equipment Digital, a network-based device which may now be used to gather and update industrial automation asset data digitally. Firmware data and a once-only vulnerability evaluation are included in the digital collecting method.
The WSP Global Inc., team takes delight in setting the bar as high as possible and providing clients with the greatest asset management knowledge possible to position them for the future. WSP's global Asset Management team took part in the ISO TC251 Asset Management Plenary, which was held in Philadelphia, Pennsylvania, early in May 2023, to revise the ISO 55000 family of standards for Asset Management Systems.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5113
Published Date: Jul 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the growing importance of asset management in the construction sector, surge in mining activities, and rise in use of asset management by government.
The market size of asset management system is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are ABB Ltd., Adobe, Brookfield Asset Management, Honeywell International Inc., and others.
The in-transit equipment segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.