According to Stratistics MRC, the Global Predictive Maintenance Market is accounted for $4.00 billion in 2020 and is expected to reach $27.41 billion by 2028 growing at a CAGR of 27.2% during the forecast period. Increase in investment on predictive maintenance, increasing use of emerging technologies and growth in need for remote monitoring and asset management are driving the market growth. However, lack of skilled workforce and data privacy and security concerns are hampering the growth of the market.
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Based on the end user, the healthcare and life sciences segment is going to have lucrative growth during the forecast period owing to the fact that predictive maintenance of healthcare equipment such as X-ray, MR, tomography, and mammography is one of the most important considerations for hospitals looking to improve decision-making capabilities and improve operational efficiencies. By geography, North America is going to have high growth during the forecast period due to due to the presence of well-established end-user industries as well as high awareness among organizations to adopt technologies that help them in increasing efficiency and lower operational costs.
Some of the key players profiled in the Predictive Maintenance Market include Schneider Electric, Software AG, Microsoft, IBM, SAP SE, Hitachi, Google, Oracle, Amazon Web Services (AWS), General Electric, PTC, Axiomtek Co. Ltd, Banner Engineering Corp., Predictive Maintenance Solutions, LLC and Sigma IT.
Technologies Covered:
• Data Infrastructure and Servers
• Platform and Middleware
• Analytics and Artificial Intelligence (AI) Software
• Connectivity
Components Covered:
• Services
• Software/Solution
• Hardware
Deployment Modes Covered:
• On-Premise
• Cloud
Organization Sizes:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
Techniques Covered:
• Fluid Analysis
• Electrical Testing
• Shock Pulse
• Vibration Monitoring
• Oil Analysis
• Motor Circuit and Signature Analysis
• Infrared Thermography
• Temperature Monitoring
• Ultrasonic Leak Detectors
• Power System Assessments
• Wear Particle Analysis
• Circuit Monitor Analysis
• Temperature Monitoring
• Performance Testing
• Traditional
• Machine Learning
• Advanced
• Internet of Things (IOT) /Big Data
End Users Covered:
• Automotive
• Manufacturing
• Education and Government
• Oil & Gas
• Healthcare and Life Sciences
• Energy and Utilities
• Media
• Aerospace & Defense
• Information Technology (IT) & Telecommunication
• Transportation and Logistics
• Machinery Equipment
• Power
• Industrial
• Electronics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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