Press Release

Predictive Maintenance Market : Growth Opportunities Created by Covid19 Outbreak

The global predictive maintenance size is expected to grow from USD 2,387.6 million in 2018 to USD 18,551.0 million by 2026 with CAGR of 29.8% during the forecast period. The use of cloud computation has emerged in favor of market growth. According to a report s, titled “Predictive Maintenance Market Size, Share & Industry Analysis, By Component (Solution, Services), By Techniques (Power System Assessments, Infrared thermography, Temperature Monitoring, Fluid Analysis, Circuit Monitor Analysis, Vibration Monitoring, and Others), By Deployment (On-Premises and Cloud), By Organization Size (Small and Middle Enterprises (SMEs) and Large Enterprises), By End-User (Manufacturing, Government, Energy and Utilities, Transportation, Healthcare, Aerospace and Defence, and Others) and Regional Forecast, 2019-2026.

The global predictive maintenance size is expected to grow from USD 2,387.6 million in 2018 to USD 18,551.0 million by 2026 with CAGR of 29.8% during the forecast period. 

Latest Industry Developments:

IBM Corporation announced that it has completed the acquisition of Oniqua Holdings Pty Ltd. The company is a leading provider of maintenance, repair, and operations optimization software. Through this acquisition, the company will look to establish a strong presence in the market and subsequently expand its consumer base across the world.

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The Report Covers the Following, Major Points Precisely:

• Top Players That Are Operating in the Global Market
• Market Segmentation
• Regional Analysis
• Deep Insights into the Market with Detailed Table of Content and Figures
• Global Market Predictions for Five Decades.

Predictive maintenance is a method that makes use of real-time condition monitoring tools that helps track the performance of any machine or equipment. This method will help detect and fix the errors that occur in the operation of the specific equipment. This will help detect failures in the machinery in future, thereby leading to reduced costs. The increasing demand for maintenance solutions across diverse industry verticals will emerge in favor of market growth. Growing applications of predictive maintenance in the manufacturing industry will have a positive impact on the growth of the market in the forthcoming years.

List of the leading companies that are operating in the global predictive maintenance market are:

  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Schneider Electric SE
  • Hitachi, Ltd.
  • SAS Institute, Inc.
  • Oracle Corporation
  • Siemens AG
  • SparkCognition
  • Axiomtek Co., Ltd.
  • Banner Engineering Corp.
  • Sigma IT
  • RFMicron, Inc. d/b/a Axzon
  • Larsen & Toubro Infotech Ltd.
  • Predictive Maintenance Solutions, LLC
  • Fujitsu Ltd.
  • Software AG
  • Engineering Consultants Group, Inc.

Reasons to Purchase This Report:

• A detailed study of product launches of every marketing player, their market channels, tactics, and market growth.
• The report helps to understand the key product segments and their future scope up to Five Decades.
• The report allows readers and market players to understand market Size, Share, Trend, and Future Forecast.A
• The Report Provide Deep analysis with region-specific assessments and competition analysis on a global and regional scale.

North America to Emerge Dominant; Adoption of Cloud in Predictive Software by Major Companies in this Region to Aid Growth

The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years driven by the adoption of advanced concepts in predictive maintenance tools by major companies. The huge investment in the research and development of products will have a positive impact on the growth of the regional market. As of 2018, the market in North America was worth USD 774.3 million. Accounting to the presence of several large scale companies in this region, the market will be worth USD 5,454.0 million by the end of 2026. Besides North America, the market in Europe will witness considerable growth in the coming years.

Order full Report on Predictive Maintenance Market Research Report –

https://www.fortunebusinessinsights.com/predictive-maintenance-market-102104

Market Segmentation

1. By Component

  • Solution
    • Standalone
    • Integrated
  • Services
    • Consulting
    • Deployment and Installation
    • Support and Maintenance

2. By Techniques

  • Power System Assessments
  • Infrared thermography
  • Temperature Monitoring
  • Fluid Analysis
  • Circuit Monitor Analysis
  • Vibration Monitoring
  • Others

3. By Deployment

  • On-Premises
  • Cloud

By Organization Size

  • Small and Middle Enterprises (SMEs)
  • Large Enterprises

By End-User

  • Manufacturing
  • Government
  • Energy and Utilities
  • Transportation
  • Healthcare
  • Aerospace and Defense
  • Others

By Region

  • North America (the US and Canada)
  • Europe (UK, Germany, France, Spain and Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia and Rest of Asia Pacific)
  • The Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
  • Latin America (Mexico, Brazil and Rest of Latin America)

Have Any Query? Ask Our Research Experts

Table of Content – 

  1. Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints, and Opportunities
    • Emerging Trends
  4. Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  5. Global Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Component (Value)
      • Solution
        • Standalone
        • Integrated
      • Services
        • Consulting
        • Deployment and Installation
        • Support and Maintenance
      • Market Analysis, Insights, and Forecast – By Techniques (Value)
        • Power System Assessments
        • Infrared thermography
        • Temperature Monitoring
        • Fluid Analysis
        • Circuit Monitor Analysis
        • Vibration Monitoring
        • Others
      • Market Analysis, Insights, and Forecast – By Deployment (Value)
        • On-Premises
        • Cloud
      • Market Analysis, Insights, and Forecast – By Organization Size (Value)
        • Small and Middle Enterprises (SMEs)
        • Large Enterprises
      • Market Analysis, Insights, and Forecast – By End-user (Value)
        • Manufacturing
        • Government
        • Energy and Utilities
        • Transportation
        • Healthcare
        • Aerospace and Defense
        • Others
      • Market Analysis, Insights, and Forecast – By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America
  1. North America Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Component (Value)
      • Solution
        • Standalone
        • Integrated
      • Services
        • Consulting
        • Deployment and Installation
        • Support and Maintenance
      • Market Analysis, Insights, and Forecast – By Techniques (Value)
        • Power System Assessments
        • Infrared thermography
        • Temperature Monitoring
        • Fluid Analysis
        • Circuit Monitor Analysis
        • Vibration Monitoring
        • Others
      • Market Analysis, Insights, and Forecast – By Deployment (Value)
        • On-Premises
        • Cloud
      • Market Analysis, Insights, and Forecast – By Organization Size (Value)
        • Small and Middle Enterprises (SMEs)
        • Large Enterprises
      • Market Analysis, Insights, and Forecast – By End-user (Value)
        • Manufacturing
        • Government
        • Energy and Utilities
        • Transportation
        • Healthcare
        • Aerospace and Defense
        • Others
      • Market Analysis, Insights, and Forecast – By Country (Value)
        • S.
        • Canada
  1. Europe Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Component (Value)
      • Solution
        • Standalone
        • Integrated
      • Services
        • Consulting
        • Deployment and Installation
        • Support and Maintenance
      • Market Analysis, Insights, and Forecast – By Techniques (Value)
        • Power System Assessments
        • Infrared thermography
        • Temperature Monitoring
        • Fluid Analysis
        • Circuit Monitor Analysis
        • Vibration Monitoring
        • Others
      • Market Analysis, Insights, and Forecast – By Deployment (Value)
        • On-Premises
        • Cloud
      • Market Analysis, Insights, and Forecast – By Organization Size (Value)
        • Small and Middle Enterprises (SMEs)
        • Large Enterprises
      • Market Analysis, Insights, and Forecast – By End-user (Value)
        • Manufacturing
        • Government
        • Energy and Utilities
        • Transportation
        • Healthcare
        • Aerospace and Defense
        • Others
      • Market Analysis, Insights, and Forecast – By Country (Value)
        • UK
        • Germany
        • Spain
        • France
        • Rest of Europe
  1. Asia Pacific Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Component (Value)
      • Solution
        • Standalone
        • Integrated
      • Services
        • Consulting
        • Deployment and Installation
        • Support and Maintenance
      • Market Analysis, Insights, and Forecast – By Techniques (Value)
        • Power System Assessments
        • Infrared thermography
        • Temperature Monitoring
        • Fluid Analysis
        • Circuit Monitor Analysis
        • Vibration Monitoring
        • Others
      • Market Analysis, Insights, and Forecast – By Deployment (Value)
        • On-Premises
        • Cloud
      • Market Analysis, Insights, and Forecast – By Organization Size (Value)
        • Small and Middle Enterprises (SMEs)
        • Large Enterprises
      • Market Analysis, Insights, and Forecast – By End-user (Value)
        • Manufacturing
        • Government
        • Energy and Utilities
        • Transportation
        • Healthcare
        • Aerospace and Defense
        • Others
      • Market Analysis, Insights, and Forecast – By Country (Value)
        • China
        • Japan
        • India
        • South East Asia
        • Rest of APAC

TOC Continued…!!!

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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