Cloud Deployment to Revolutionize the Plant Asset Management (PAM) Market

Cloud-based solutions are driving rapid growth in the Plant Asset Management (PAM) Market. With scalable infrastructure and remote accessibility, cloud PAM systems are ideal for asset-intensive industries. Public cloud models reduce operational complexities while offering advanced tools and customizations. This is especially beneficial for manufacturing and oil & gas sectors. North America leads the adoption curve with its strong IT base and favorable business conditions. As digital transformation becomes a priority across sectors, the cloud-based PAM segment is expected to grow significantly, offering real-time insights and higher operational efficiencies.