Top 6 Asset Performance Management Solutions in 2026
Top 6 Asset Performance Management Solutions in 2026
Last Updated: February 16, 2026
Unplanned downtime costs industrial businesses nearly $50 billion every year, with equipment failure responsible for a major share.
For asset-heavy industries, even a few hours of disruption can mean huge financial losses.
That’s why asset performance management software is becoming essential.
This software uses AI, analytics, and IoT data to monitor asset health, predict failures, and optimize maintenance. Instead of reacting to breakdowns, businesses can improve reliability, lessen downtime, and extend asset life.
In this guide, we cover the top asset performance management software. We will discuss features and pricing so that you can choose the perfect solution for your business.
Let’s begin…
Compare Top Asset Performance Management Solutions
Evaluate leading asset performance management solutions side by side based on pricing, features, deployment options, and industry fit to choose the right software for your business needs.
Software
Best For
Pricing
Key Strength
IBM Maximo
Large enterprises
USD 3,315–7,911/mo
AI-powered predictive maintenance
SAP APM
SAP users
INR 12,833/mo
Deep SAP ERP integration
GE Vernova
Industrial companies
Custom
Predictive & condition-based maintenance
AVEVA APM
Manufacturing & industrial
Custom
Digital twin & advanced analytics
UpKeep
SMBs
USD 20–55/user/mo
Mobile-first, easy work order tracking
List of Top 5 Asset Performance Management Software
These top asset performance management solutions are compared based on features, pricing, scalability, and industry suitability.
1. IBM Maximo Application Suite
IBM Maximo Application Suite (MAS) is a unified, asset performance management platform used by large enterprises to manage, monitor, and optimize physical assets throughout their lifecycle. It combines traditional Enterprise Asset Management (EAM), Asset Performance Management (APM), reliability-centered maintenance, inspection, and advanced analytics into a single solution.
MAS leverages AI, IoT, and predictive insights to reduce unplanned downtime, extend asset life, and improve overall operational efficiency.
Features of IBM Maximo Application Suite:
It uses AI-driven predictive maintenance to forecast failures and plan maintenance better.
It continuously monitors asset health using sensor and operational data.
It includes AI-based visual inspection tools to detect defects and anomalies early.
It connects with IoT devices and mobile apps for real-time field insights.
It offers unified dashboards to track performance, risks, and maintenance plans.
It supports Reliability-Centered Maintenance (RCM) to prioritize assets based on criticality and impact.
Pros and cons of IBM Maximo Application Suite:
Pros
Combines EAM and APM with powerful analytics and automation.
Allows proactive maintenance that helps reduce downtime and costs.
Available onpremise, cloud, or hybrid.
Organizations can adopt only the functions they need via AppPoints licensing.
Built for large, asset-intensive industries like manufacturing, energy, transportation, and utilities.
Cons
Enterprise architecture and customization require significant time and expertise.
The breadth of features and UX can be overwhelming for new users.
Licensing and implementation expenses are typically higher than simpler APM tools.
Best for:
Large enterprises with complex asset fleets
Organizations needing deep predictive maintenance and reliability workflows
Industrial sectors (energy, utilities, oil & gas, manufacturing) seeking to optimise uptime and costs
IBM Maximo Application Suite Plans and Pricing:
Plan
Pricing
Maintenance Essentials
USD 3,315/month
Inspection Essentials
USD 3,867/month
Standard
USD 7,911/month
Premium
Custom pricing (tailored features)
2. SAP Asset Performance Management Software
SAP Asset Performance Management (APM) is a cloud native solution that helps businesses monitor and optimise the condition and performance of physical assets. It’s built on the SAP Business Technology Platform and integrates deeply with SAP S/4HANA and other SAP systems. It enables organizations to combine maintenance insights with financial, operational, and risk data.
SAP APM helps improve reliability, reduce maintenance costs, and increase asset availability through predictive analytics and intelligent maintenance strategies.
Features of SAP Asset Performance Management:
It helps you assess asset risk and criticality so you can prioritise maintenance effectively.
It uses condition-based monitoring with IoT data and maintenance history to track asset health and trigger timely actions.
AI-driven predictive maintenance identifies potential failures early and supports proactive planning.
It integrates smoothly with SAP systems, including SAP S/4HANA, for work orders, financial analysis, and master data management.
You get visual asset insights through digital twin views and contextual dashboards.
It provides automated strategy and maintenance recommendations to optimise planning and performance.
Pros and cons of SAP Asset Performance Management:
Pros
Connects maintenance insights directly with SAP ERP and business processes.
Helps you balance risk, cost, and performance with business goals.
It is cloud-native, so you can scale as your operations grow.
Supports advanced reliability methods like FMEA and RCM for better planning.
Cons
Less value for organizations not already using SAP ERP or S/4HANA.
It can be complex to configure and may take time to set up.
It needs high-quality asset and sensor data for accurate predictions.
Best for:
Organizations already deep in the SAP ecosystem
Companies that want maintenance strategies tightly linked to ERP and finance
Global enterprises needing cloudnative APM with predictive analytics
SAP Asset Performance Management Plans and Pricing:
The base plan of SAP Asset Performance Management costs INR 12,833/month. The contract duration is a minimum of 3 months and a maximum of 3 years.
3. GE Vernova
GE Vernova Asset Performance Management (APM) is an industrial-grade APM platform designed to help asset-intensive organizations improve reliability, reduce downtime, optimise maintenance, and cut operational costs.
Built for industries like energy, power, oil & gas, and chemicals, it combines predictive analytics, risk-based maintenance, condition monitoring, and advanced data integration to support proactive asset strategies. It can be deployed modulebymodule or as a fully integrated enterprise solution.
Features of GE Vernova:
It uses predictive and condition-based maintenance to analyse real-time data and prevent breakdowns before they happen.
You can monitor asset health through centralised dashboards that show KPIs, trends, and performance across fleets.
It helps with risk-based inspection, maintenance strategy planning, and reliability optimisation.
It connects IoT sensors, OT/IT systems, CMMS/EAM, and ERP platforms for unified insights.
You get flexible deployment with both cloud-native and on-premise options.
It supports mobile access and workforce tools for better field visibility and connected worker workflows.
Pros and cons of GE Vernova:
Pros
Modular architecture supports small pilots or full enterprise deployments.
Condition and failure analytics help balance safety, cost, and performance objectives.
Recognised and used by major industrial players for reliability transformation.
Supports broad sensor and system integration, making it useful in OT/IT converged environments.
Cons
Enterprise architectural depth typically requires specialist services and longer rollout timelines.
Total cost is extremely high compared to other
Broad feature set requires training and adaptation for teams new to industrial analytics tools.
Best for:
Large industrial and asset-intensive companies
Organizations seeking advanced predictive and risk-based maintenance
Businesses that need strong OT/IT integration and enterprise asset strategies
GE Vernova Plans and Pricing: Pricing of GE Vernova is not publicly available. You can contact the Techjockey team for more information related to pricing.
4. AVEVA APM
AVEVA Asset Performance Management (APM) is a comprehensive APM solution designed to help industrial organizations optimize asset reliability, reduce risk, and improve operational efficiency.
It is recognized as a Leader in manufacturing and industrial APM by analysts. AVEVA APM blends advanced analytics, AI, and deep data integration to support proactive and prescriptive maintenance strategies.
Features of AVEVA APM:
It uses predictive analytics and machine learning to detect early signs of failure.
You can optimise asset strategies based on risk, cost, and performance goals.
It supports condition-based maintenance by monitoring real-time metrics like temperature and vibration.
It offers digital twin and simulation tools to test scenarios and stress conditions virtually.
It integrates with CMMS and work order systems for smooth and automatic workflows.
It helps field teams with mobile operator rounds and digital inspection workflows.
Pros and Cons of AVEVA APM:
Pros
Strong integration with historian systems (like OSIsoft PI) brings high-fidelity operational data into maintenance analytics.
Organizations can adopt modules gradually and scale with strategic priorities.
Maintenance strategies helps increase ROI.
Cons
Enterprise setup often requires significant IT/OT investment and expert services.
Licensing, integration, and support costs can be substantial for full-feature deployments.
The platform’s depth can lengthen deployment timelines compared to simpler APM tools.
Best for:
Large industrial and manufacturing organizations
Companies that require datadriven APM with advanced analytics and digital twins
Enterprises with existing historian and operational data infrastructure
AVEVA APM Plans and Pricing: Public price lists of AVEVA APM are not available. It generally offers custom, enterprise-focused pricing that varies with modules, deployment scale, and service levels.
5. UpKeep
UpKeep is a mobile-first asset operations and maintenance management platform. It is designed to help small and medium-sized businesses manage assets, work orders, and preventive maintenance with ease.
It brings together work order tracking, asset performance insights, inventory control, and reporting into a single platform. Teams can keep equipment healthy and reduce downtime. It’s especially popular with teams that need reliable maintenance management without a heavy enterprise price tag.
Small and medium-sized businesses looking for straightforward asset and maintenance tracking.
Teams that need mobile access and on-the-go updates.
Organizations making the transition from spreadsheets or paper-based maintenance.
Features of UpKeep:
It helps you create, assign, and track work orders with real-time updates.
You can monitor asset location, status, and history in one place.
It automates preventive maintenance to reduce unexpected breakdowns.
It manages spare parts and tracks inventory levels easily.
It offers a mobile-first app for technicians to update tasks on the go.
You get reports and analytics on performance and downtime trends.
It supports barcode and QR scanning for faster asset tracking.
It connects with other tools through API integrations.
It uses AI and automation to suggest schedules and reduce manual work.
Pro and cons of UpKeep:
Pros
Technicians appreciate UpKeep’s simple, intuitive mobile app for real-time updates.
Entry plans are affordable for SMBs looking to get started with digital maintenance.
Everything from asset history to open tasks lives in one system.
Many users praise UpKeep’s customer support and implementation help.
As maintenance needs get more sophisticated, higher plans offer more automation and analytics.
Cons
Some users report that the interface could be more intuitive, especially with large asset lists.
Advanced features like workflow automation and deeper analytics require higher-tier plans.
Some users find alerts and notifications overwhelming or hard to customize.
UpKeep Pricing and plans:
UpKeep offers tiered pricing that scales with features and team size:
Plan
Price (per user/month)
Essential / Lite
USD 20
Premium / Starter
USD 55
Professional
On request
Business Plus / Enterprise
On request
How to Choose the Right Asset Performance Management Software?
Your ‘business needs’ decide which type of software is right for you. Here are a few simple things to check:
Asset complexity: If you are someone who manages many machines or complex equipment, you must go for software that can handle detailed tracking and advanced monitoring.
Industry requirements: Some industries like oil & gas, manufacturing, or power need special features and compliance support. Make sure the software fits your industry.
Cloud vs on-premise: Cloud software is easier to set up and access from anywhere. On-premise gives you more control over data. Pick what suits your IT setup.
AI and analytics needs: If you want predictive maintenance and smart insights, look for strong AI and analytics features.
Conclusion
Unplanned breakdowns could result in losing a lot of money and time. This is what makes it important to have an asset performance management software nowadays. If you have one, you can spot problems early, reduce downtime, and keep your equipment running smoothly.
Above, in the blog post, we have discussed the top asset performance management solutions.
You can simply check out the features and choose one that fits your business. It completely depends on your budget and goals.
Choose the right software and make your operations stronger in the long run.
Published On: February 16, 2026
Mehlika Bathla
Mehlika Bathla is a passionate content writer who turns complex tech ideas into simple words. For over 4 years in the tech industry, she has crafted helpful content like technical documentation, user guides, UX content, website content, social media copies, and SEO-driven blogs. She is highly skilled in SaaS product marketing and end-to-end content creation within the software development lifecycle. Beyond technical writing, Mehlika dives into writing about fun topics like gaming, travel, food, and entertainment. She's passionate about making information accessible and easy to grasp. Whether it's a quick blog post or a detailed guide, Mehlika aims for clarity and quality in everything she creates.
