Advertisement
New Zealand markets closed
  • NZX 50

    11,931.32
    -2.99 (-0.03%)
     
  • NZD/USD

    0.5964
    -0.0035 (-0.58%)
     
  • NZD/EUR

    0.5595
    +0.0007 (+0.12%)
     
  • ALL ORDS

    8,050.20
    -23.90 (-0.30%)
     
  • ASX 200

    7,788.10
    -25.50 (-0.33%)
     
  • OIL

    86.13
    +1.11 (+1.31%)
     
  • GOLD

    2,415.30
    +42.60 (+1.80%)
     
  • NASDAQ

    18,307.98
    +296.33 (+1.65%)
     
  • FTSE

    8,021.32
    +97.52 (+1.23%)
     
  • Dow Jones

    38,459.08
    -2.43 (-0.01%)
     
  • DAX

    18,108.19
    +153.71 (+0.86%)
     
  • Hang Seng

    16,721.69
    -373.34 (-2.18%)
     
  • NIKKEI 225

    39,523.55
    +80.92 (+0.21%)
     
  • NZD/JPY

    91.4180
    -0.4630 (-0.50%)
     

Predictive Maintenance Market to Reach USD 18,551.0 Million by 2026 Driven by the Increasing Industrialization Across the World, says Fortune Business Insights™

Companies Profiled in the Market: 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.

Pune, India, Nov. 10, 2021 (GLOBE NEWSWIRE) -- The global predictive maintenance size is projected to reach USD 18,551.0 million by 2026. The use of cloud computation has emerged in favor of market growth. According to a report published by Fortune Business Insights, 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 market was worth USD 2,387.6 million in 2018 and will exhibit a CAGR of 29.8% during the forecast period, 2019-2026.

Request to Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/predictive-maintenance-market-102104

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.

ADVERTISEMENT

Increasing Number of Company Mergers Will Create Several Opportunities for Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers has made a huge impact on market growth. In 2019, Cisco systems, Inc. announced the acquisition of Cloudcherry, a company that is engaged in providing customer experience management. The company makes use of predictive analytics within in its maintenance services. Through this acquisition, the company will look to establish a strong presence in the market, and in doing so, generate huge revenues in the coming years.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

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

Report Scope and Segmentation:

Report Coverage

Details

Forecast Period

2019 to 2026

Forecast Period 2019 to 2026 CAGR

29.8 %

2026 Value Projection

USD 18,551.0 Million

Base Year

2018

Market Size in 2018

USD 2,387.6 Million

Historical Data for

2015 to 2017

No. of Pages

160

Segments covered

By Component, By Techniques, By Deployment, By End User, By Region

Growth Drivers

Technologies such Internet of Things (IoT), Cloud Computing, Artificial Intelligence (AI) and Machine Learning in Predictive Maintenance Solutions to Drive Market Growth.

Rising Demand for the Maintenance Solutions to Reduce Cost and Downtime across Various Industries to Boost the Growth of the Market.

Solution Segment is Expected to Augment the Predictive Maintenance Market During the Forecast Period

Pitfalls & Challenges

High Investment And Complicated Process Will Hamper Market Growth

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.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/predictive-maintenance-market-102104

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.

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.


Quick Buy - Predictive Maintenance Market: https://www.fortunebusinessinsights.com/checkout-page/102104

Table of Content:

  • Introduction

    • Definition, By Segment

    • Research Approach

    • Sources

  • Executive Summary

  • Market Dynamics

    • Drivers, Restraints, and Opportunities

    • Emerging Trends

  • Key Insights

    • Macro and Micro Economic Indicators

    • Consolidated SWOT Analysis of Key Players

  • 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

Continued..!!!

Speak to Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/predictive-maintenance-market-102104


Browse Related Reports:

Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing) and Region Forecast, 2020-2027

Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026

Artificial Intelligence (AI) Market Size, Share and Global Trend by Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Geography Forecast till 2026

Internet of Things (IoT) in Manufacturing Market Size, Share & Industry Analysis, By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution and Services), By Application (Predictive Maintenance, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Emergency and Incident Management and Others) and Regional Forecast, 2019-2026

Push-To-Talk Market Size, Share and Industry Analysis by Network (PoC, LMR), Component (Hardware, Software, Services), Application (Public Safety & Security, Transportation & Logistics, Manufacturing & Construction, Travel & Hospitality Defense), And Regional Forecast 2018-2025

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Press Release: https://www.fortunebusinessinsights.com/press-release/predictive-maintenance-market-9602