Market Analysis and Insights: Global Predictive Maintenance Market
Predictive maintenance (PdM) techniques are designed to help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance, because tasks are performed only when warranted.
The global Predictive Maintenance market size is projected to reach US$ 7080.9 million by 2028, from US$ 2383.1 million in 2021, at a CAGR of 16.3% during 2022-2028.
North America is expected to have the largest market share and would dominate the predictive maintenance market during the forecast period. The Asia-Pacific (APAC) region offers potential growth opportunities for the market and is expected to grow at the highest CAGR during the forecast period. APAC and Middle East & Africa (MEA) markets are investing heavily on predictive maintenance solutions and services to increase their production efficiency by reducing unplanned downtime and operational costs.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Predictive Maintenance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Predictive Maintenance market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Predictive Maintenance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Predictive Maintenance market.
Global Predictive Maintenance Scope and Market Size
Predictive Maintenance market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Predictive Maintenance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Cloud
On-premises
Segment by Application
Government
Aerospace and Defense
Energy and Utilities
Healthcare
Manufacturing
Transportation and Logistics
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Augury Systems
Bosch Software Innovations
C3 IoT
Dell
Fluke
General Electric
Hitachi
Honeywell
IBM
PTC
Rapidminer
Rockwell
SAP
SAS Institute
Schneider
Senseye
Software
Softweb Solutions
T-Systems International
Warwick Analytics