Blockchain Press Releases
Asset Performance Management Market worth $4.7 billion by 2028 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 17, 2023 /PRNewswire/ — Predictive analytics, AI, and IoT will shape the Asset Performance Management (APM) market in the future by providing precise maintenance forecasts and data-driven decisions. APM will change as a result of the adoption of the cloud, the development of digital twins, and a focus on sustainability. Data security and cross-functional cooperation will be crucial in maximising asset performance and operational effectiveness.
The Asset Performance Management Market size is expected to grow from USD 2.9 billion in 2023 to USD 4.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period, according to MarketsandMarkets. Demand for making informed business decisions with predictive asset maintenance is likely to boost the adoption of asset performance management globally.
Browse in-depth TOC on “Asset Performance Management Market”
287 – Tables
56 – Figures
265 – Pages
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Scope of the Report
Report Metrics |
Details |
Market size available for years |
2019–2028 |
Base year considered |
2022 |
Forecast period |
2023–2028 |
Forecast units |
Value (USD Million/Billion) |
Segments covered |
Component, Deployment Type, Organization Size, and Vertical |
Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Companies covered |
AVEVA, SAP, GE Digital, IBM, ABB, Emerson, Bentley Systems, Rockwell Automation, Fluke, DNV, Siemens Energy, Hexagon, Oracle, Honeywell, Yokogawa, SAS AB, Arms Reliability, Tenna, MaintainX, Nexus Global. Synopsys, Detechtion Technologies, UpKeep, MentorAPM, Fracttal, Prometheus Group, MicroAI, IPS Intelligent Process Solutions, Qualer, Plasma, VROC, and Operational Sustainability |
By solutions, the predictive asset management segment to grow at the highest CAGR during the forecast period.
Predictive asset maintenance is a type of maintenance that monitors the condition of assets using sensors. These sensors supply real-time data, which can be used to predict the timeline for asset maintenance, preventing equipment failure. It is a method used for preventing asset failures by analyzing the production data to identify patterns and predict issues before occurrence. Predictive asset maintenance further allows the maintenance frequency to be as low as possible to prevent unplanned reactive maintenance without incurring costs associated with performing several preventive maintenance activities. Predictive Asset Analytics helps organizations gain the highest return on critical assets by supporting PdM programs with early warning detection of equipment issues ahead of the existing operational alarms.
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By vertical, manufacturing vertical is expected to hold the largest market share in 2023.
Asset-intensive organizations across the manufacturing vertical with heavy machinery are seeking to make their operations more efficient, reliable, and safer. Deploying AI and the IIoT within a process manufacturing environment can deliver a number of business benefits for companies with asset performance management capabilities. More manufacturers are adopting digital transformations through IIoT technology, with the move from metrics to analytics leading the way. The manufacturing sector has seen a variety of new analytics applications launched over the past three to five years, including a strong focus on asset performance management and other maintenance-related processes. Asset performance management solutions provide near real-time visibility into the condition of each industrial asset, which enables maintenance teams to minimize downtime.
By Region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.
Asia Pacific is among the major digital hubs of the world. Businesses in the region have been quick to identify the benefits of cloud technology as a facilitator of digital transformation. Countries such as China, Japan, Australia, Singapore, India, and Indonesia are leading this technology adoption, which includes embracing new-age technologies such as AI, edge, IIoT, analytics, and cloud. According to the Global System for Mobile Communications Association (GSMA), countries in Asia Pacific have established frameworks on a national level, recognizing the potential of Industry 4.0 to help prepare economic structures for greater productivity and resilience. This will be crucial in the efforts by governments to stimulate economic recovery and build resilient economies for the future. Most government agencies and industry players expect Industry 4.0 objectives to be delivered within the next five years. This will rely on effective regulatory frameworks, such as making a new spectrum available for enhanced connectivity and increasing innovations in new solutions leveraging AI, IIoT, ML, AR, and digital twin technologies.
Top Key Companies in Asset Performance Management Market:
Some of the key players operating in the Asset Performance Management Market are – AVEVA (UK), SAP (Germany), GE Digital (US), IBM (US), ABB (Switzerland), Emerson (US), Bentley Systems (US), Rockwell Automation (US), Fluke (US), and DNV (Norway).
Recent Developments:
- In January 2023, Schneider Electric acquired AVEVA. This deal would enable both the entities a holistic approach to digital transformation across industrial operations, while reducing energy, carbon, and resource intensity. While AVEVA will henceforth be wholly owned and part of Schneider Electric, it is intended that AVEVA’s business autonomy and future R&D investment will be preserved going forward, thereby helping to meet increasing demand for a stronger portfolio of solutions.
- In July 2021, GE Digital partnered with Airbus and Delta TechOps to bring support with its best-in-class predictive analytics software. With GE Digital’s added analytics capabilities and systems portfolio, covering Airbus and non-Airbus OEM aircraft, airlines will further benefit from cross-fleet health monitoring and diagnostics, reliability analysis, and PdM analytics.
- In June 2021, Bentley Systems recently acquired SPIDA Software, developers of specialized software for the design, analysis, and management of utility pole systems. The integration of SPIDA within Bentley Systems OpenUtilities engineering software, PowerView, and grid digital twin cloud services will help address the challenges of transitioning to new renewable energy sources, including for electric vehicle charging, of joint usage of utility poles to support broadband networks’ 5G expansion, and of modernizing and hardening the electric grid to maintain reliability and resilience.
- In May 2021, AVEVA partnered with Maire Tecnimont Group. This partnership will extend usage of AVEVA’s Asset Performance Management (APM) solutions across the Maire Tecnimont Group, globally, thereby enhancing plant operability and lowering maintenance costs. This in turn will deliver increased information availability empowering better, more informed decision-making, and subsequently improving overall business performance. As part of the agreement, the two companies will work together over a year on a defined number of customer projects so as to promote the application of predictive maintenance technology for critical plant assets.
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Asset Performance Management Market Advantages:
- By examining current data, past trends, and performance metrics, APM systems assist in foreseeing and averting equipment breakdowns. This pro-active strategy reduces unscheduled downtime, raises asset availability, and boosts overall operational effectiveness.
- APM assists organisations in decreasing operational and maintenance costs by minimising downtime, eliminating unexpected failures, and optimising maintenance schedules. Businesses are able to switch from reactive maintenance to techniques for predictive and preventive maintenance, which eventually results in cost savings.
- APM gives organisations insights into asset performance, allowing them to spot underperforming assets and take appropriate action. This leads to better resource allocation, enhanced production capacity, and improved asset utilisation.
- Organisations can track the performance and health of their assets with the aid of APM solutions. Organisations can increase the lifespan of their assets and postpone the need for pricey replacements or significant repairs by spotting and fixing problems early on.
- APM tools can aid in making sure that assets are maintained in line with industry standards and safety laws. Businesses may prevent accidents and stay out of legal trouble by recognising potential safety concerns and assuring compliance.
- APM solutions optimise maintenance schedules using data-driven insights. This saves time and resources by reducing pointless maintenance tasks and extending the intervals between significant maintenance operations.
- Data analytics and visualisations are offered by APM platforms to support data-driven decision-making. Decisions regarding when to carry out maintenance, when to replace assets, and how to deploy resources efficiently can be made by organisations.
- Real-time asset monitoring is made possible by the integration of APM solutions with Internet of Things (IoT) gadgets and sensors. A thorough understanding of asset performance and health is provided by the analysis of this data coupled with previous data.
Report Objectives
- To define, describe, and forecast the global Asset Performance Management Market based on component (solutions and services), deployment type (on-premises and cloud), organization size (large enterprises and SMEs), vertical (energy & utilities, manufacturing, government & defense, chemicals, telecommunications, healthcare & pharmaceuticals, consumer goods, food & beverages, and other verticals), and region.
- To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To provide detailed information related to the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze macro and micromarkets with respect to growth trends, prospects, and their contributions to the overall market
- To analyze industry trends, patents & innovations, and pricing data related to the Asset Performance Management Market.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
- To profile key players in the market and comprehensively analyze their market share/ranking and core-competencies.
- To track and analyze competitive developments, such as mergers & acquisitions, new product launches, product enhancements, and partnerships & collaborations in the market.
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Blockchain Press Releases
HTX Soars to 50 Million Users in January, Kicking Off a Strong 2025

SINGAPORE, Feb. 17, 2025 /PRNewswire/ — HTX kicked off 2025 with a strong performance, driven by the broader crypto market’s recovery and renewed investor confidence. The exchange achieved significant growth in user base, asset performance, and product innovation, solidifying its position as a leading global cryptocurrency platform.
Record User Growth and Industry Recognition
January witnessed explosive growth for HTX, surpassing 50 million total registered users and achieving a remarkable 105% MoM growth, setting a new company record. Aligning with its mission of “Building the Metaverse Free Port” and vision of “Achieving Financial Freedom for 8 Billion People on Earth,” HTX continues its global expansion, providing high quality service to Web3 enthusiasts worldwide.
This growth was mirrored by a surge in platform popularity. From January 17 to 20, HTX search clicks reached an all-time high, increasing by 350% compared to December 2024. Platform exposure also rose by 520%, indicating growing user interest and recognition.
This exceptional performance garnered industry-wide acclaim:
- PANews PARTY AWARD 2025:
- Awarded “Best Exchange of the Year”.
- HTX Ventures honored as “Best Investment Institution of the Year”.
- Forbes: Recognized as one of the “Top 25 World’s Most Trustworthy Crypto Exchanges”.
Forbes, a leading financial media outlet, evaluated cryptocurrency exchanges based on trading volume, regulation, cost, and other key factors. HTX excelled in BTC & ETH holdings, spot trading volume, and product offerings, securing a 6th-place ranking in spot market share among all listed exchanges.
Trade New Cryptos Only on HTX! 25 New Assets Listed, Featuring Prominent AI and Celebrity-Themed Tokens
HTX listed 25 new assets in January, including notable AI and celebrity-themed tokens. AI projects like ELIZA (up 204%), ARCSOL (up 172%), GAME (up 159%), and GRIFT (up 225%) demonstrated strong performance. The platform was an early mover in listing the highly anticipated $TRUMP token, which surged by 431% post-launch. $MELANIA also experienced a 60% increase. HTX remains committed to offering users diverse investment opportunities and identifying promising early-stage projects.
To further inform investors, HTX Ventures published a key research report, “A New Era for DeFi with Crypto Compliance and New Opportunities in RWA-Fi and Stablecoin Payments“. This report analyzes emerging market trends, focusing on compliance, DeFi growth, and the future of stablecoin payments, providing valuable investment insights for users.
Product Innovations and Community Growth Drive Enhanced User Experience
HTX continued to prioritize user experience with several product enhancements in January, including Crypto Radar, HTX 2024 RECAP, Surprise Gifts, and a redesigned NewListing section. These features empower users to identify investment opportunities, optimize financial planning, and engage more effectively with the community. The platform also introduced an AI-powered FAQ product to streamline information access and improve customer service.
On January 15, 2025, HTX DAO completed its Q4 2024 $HTX token burn, destroying 9,982,673,247,009.8082 $HTX tokens worth over $22.47 million.
Enhanced Security and Transparency for User Confidence
In January, HTX prioritized platform security by implementing robust measures to safeguard users accounts, transactions and assets.
Account Security: HTX sent out 380,003 security reminders (339,480 emails and 40,523 SMS) to users, empowering them to proactively address to potential threats. The platform also successfully shut down 6 phishing websites and fake app download sites to prevent users from falling victim to scams.
Transaction Security: HTX focused on blocking abnormal transactions, successfully intercepted 3 withdrawal attempts to scam addresses and recovering 72,962 USDT for users. Furthermore, the platform resolved 7 incidents involving stolen assets flowing into the platform and assisting in freezing 193,702 USDT in stolen funds.
Asset Security: HTX added 189 new addresses to its blacklist, effectively preventing the inflow of illicit funds by intercepting 4 deposits from these addresses, totaling 624,190 USDT.
HTX has consistently demonstrated its commitment to transparency. The platform updated its Merkle Tree Proof of Reserves for February 2025, revealing that its reserve ratio for major assets (BTC 101%, ETH 100%, TRX 105%, USDT 101%, HTX 104%, XRP 101%, DOGE 100%, SOL 102%) consistently exceeds 100%. This marks the 28th consecutive month of public disclosure of reserve data, readily accessible for users on the “Assets – PoR Reports” page of the HTX official website.
Throughout January, HTX’s customer service team provided exceptional support, assisting 38,642 users and effectively addressing 78,931 inquiries across various areas such as P2P trading, on-chain transactions, 2FA, asset management, and KYC verification. The team’s dedication to providing professional and timely solutions resulted in an 80% user satisfaction rating, fostering a positive and loyal user base.
HTX’s strong January performance demonstrated its ambition and potential for continued success. This success was driven by its strong growth momentum, continuous product optimization, and a vibrant and engaged community. Moving forward, HTX remains committed to enhancing the user experience, driving product innovation, and providing safer, more convenient, and diverse trading services to users worldwide.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected].
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Blockchain Press Releases
Moby, a Leading Options Protocol, Expands to Berachain Mainnet

– Moby’s Strategic Expansion to Scale Institutional-Grade Trading and Structured Products
– Pioneering Options Innovation: RFA-Selected Moby Enhances Liquidity Berachain’s PoL
SINGAPORE, Feb. 17, 2025 /PRNewswire/ — Moby, the No.1 options protocol on Arbitrum with a total trading volume of $3.5 billion, has officially launched on the Berachain Mainnet.
Berachain is an EVM-identical Layer 1 blockchain that leverages the novel Proof of Liquidity (PoL) consensus mechanism, setting it apart from traditional proof-of-stake (PoS) networks. By embedding liquidity provisioning into its core security model, PoL aligns incentives across validators, applications, and users—ensuring liquidity and security at the network level.
Moby’s pioneering efforts have been recognized through its selection for Berachain’s prestigious Request for Application (RFA) program—an endorsement reflecting the protocol’s robust infrastructure and potential to enhance liquidity across the Berachain ecosystem. Moreover, Moby has secured partnerships with key industry players such as Kodiak, Infrared, PumpBTC and GMX, further solidifying its position within the ecosystem.
Moby offers two key advantages for Berachain traders and institutions: deeper liquidity and exceptionally tight spreads, both designed to ensure an optimal trading environment. Meanwhile, liquidity providers benefit from high passive income, underpinned by stable risk management achieved through real-time automatic hedging.
Additionally, Moby’s Structured Product Vault (SPV) seamlessly integrates with Berachain’s PoL mechanism, providing an efficient yield-enhancing solution. The SPV aggregates PoL rewards and optimizes their yield through algorithmic options trading. It will integrate LST/LRT and Real World Assets (RWA) to expand the on-chain options market.
“The expansion to Berachain is a pivotal step for Moby,” stated Ben, CEO of Moby. “By leveraging Berachain’s PoL model, we are setting the stage for a more liquid and scalable on-chain options market—ushering in a new era of institutional-grade trading and structured products”
Coinciding with its official launch on the Berachain mainnet, Moby introduced an incentive program for early access users. This initiative allows users to earn rewards based on their engagement.
Moby Contacts
Team Moby
[email protected]
About Moby
Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX.
Moby is set to provide new features such as capital efficiency improvement models and structured products to welcome institutions and the traditional TradFi audience.
⎹ Website ⎹ Twitter ⎹ Discord ⎹ Docs ⎹ Blog ⎹ Telegram

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Blockchain Press Releases
WSPN Pioneers Stablecoin 2.0 at Consensus Hong Kong 2025

SINGAPORE, Feb. 16, 2025 /PRNewswire/ — WSPN (Worldwide Stablecoin Payment Network) is thrilled to announce its participation in Consensus Hong Kong 2025, marking a significant milestone in the evolution of digital finance. As stablecoins emerge as a transformative force in global finance, with ARK Invest forecasting a $1.4 trillion market by 2030, WSPN is pioneering innovative Stablecoin 2.0 solutions that are reshaping the future of digital payments.
During Consensus Hong Kong on February 19-20, 2025, WSPN will showcase its cutting-edge stablecoin solutions at Booth #2103. Visitors will experience firsthand how WSPN’s technology is driving this trillion-dollar market transformation through more efficient, secure, and transparent payment solutions while ensuring financial stability.
On the eve of the main conference, WSPN, together with industry leaders Solana, RedotPay, and MetaEra, will host an exclusive cocktail reception: “Stable Rise – Stablecoin 2.0: Future of Digital Payment”. This high-profile gathering aims to unite visionaries and innovators who are actively shaping the future of digital payments.
The reception will feature insightful keynote speeches from industry leaders, premium networking opportunities, and discussions on the future of digital payments. Attendees will gain firsthand insights into the technology driving the next trillion-dollar market while exploring partnership opportunities in the rapidly growing Asia Pacific region, solidifying WSPN’s role as a pioneer in the stablecoin ecosystem.
Event Details:
- WSPN at Consensus Hong Kong 2025: February 19-20, 2025, Booth #2103, Hong Kong Convention and Exhibition Centre
- “Stable Rise – Stablecoin 2.0: Future of Digital Payment” Cocktail Party: February 18, 6:30 PM – 9:30 PM, Conrad Hong Kong Garden Cafe Terrace. Register here: https://lu.ma/7ebuj5cd
Visit WSPN at Consensus Hong Kong 2025 to discover the future of digital payments through our Stablecoin 2.0 technology. Don’t miss our exclusive cocktail reception to engage with industry leaders and be part of the conversation shaping the future of stablecoins.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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