Worldwide Asset Life-Cycle Management Applications Forecast, 2024–2028: Positive Economic Outlook and Generative AI to Drive Revenue Growth

IDC Market Forecast Figure

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

Market Forecast

• Table: Worldwide Asset Life-Cycle Management Applications Revenue, 2023–2028: Current Currency and Constant Currency ($M)

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue Growth, 2023–2028: Current Currency and Constant Currency

• Table: Worldwide Asset Life-Cycle Management Applications Revenue by Deployment Type, 2023–2028 ($M)

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue by Deployment Type, 2023–2028

• Table: Worldwide Asset Life-Cycle Management Applications Revenue by Region, 2023–2028 ($M)

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue by Region, 2023 and 2028

Market Context

• Drivers and Inhibitors

• Drivers

• Generative AI in Position to Impact Revenue

• Better Economic Outlook Leads to More Software Investment

• Increased Use of Drones and Robots

• Inhibitors

• Cybersecurity Is an Underrecognized Liability for ALM Public Cloud and SaaS Adoption

• The Skills Shortage Is Likely to Remain

• Significant Market Developments

• Changes from Prior Forecast

• Table: Worldwide Asset Life-Cycle Management Applications Revenue, 2019–2028: Comparison of June 2023 and June 2024 Forecasts ($M)

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue in Current Currency, 2019–2028: Comparison of June 2023 and June 2024 Forecasts

• Figure: Worldwide Asset Life-Cycle Management Applications Revenue in Constant Currency, 2019–2028: Comparison of June 2023 and June 2024 Forecasts

Market Definition

Methodology

• Historical and Forecast Market Values and Exchange Rates

• Table: Exchange Rates, 2019–2028

Related Research