The compelling case that Plant Asset Management (PAM) Systems provides for reducing operational costs while simultaneously improving performance is the primary factor driving growth of PAM. The worldwide market for Plant Asset Management Systems will experience growth this year and throughout the forecast period according to a new ARC Advisory Group study.
Plant Asset ManagementPAM growth is being fueled in part by the increased amount and complexity of automation equipment in manufacturing plants that requires a higher order approach to maintenance provided by PAM systems. “As aging workers leave the workforce, maintenance specialists are vanishing and are being replaced with generalists. These generalists will need user-friendly tools and more simplified work procedures to maintain plant equipment,” according to Sr. Analyst Paula Hollywood, the principal author of ARC’s “Plant Asset Management Systems Worldwide Outlook”.
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