Global Predictive Maintenance Market Analysis, 2020
By Components (Solutions, Services), By Deployment Mode (On-Premise, Cloud), By Organization Size ( Large Enterprise, Small & Medium Enterprise), By Vertical (Government & Defense, Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare & Lifesciences, Media & Telecom, Others), By Technique (Traditional, Advanced), By Testing Type (Vibration Monitoring, Electrical Insulation, Infrared Thermography, Temperature Monitoring, Ultrasonic Leak Detector, Oil Analysis) By Region (North America, South America, Europe, APAC, Middle East, Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, Russia & CIS, Spain, China, India, Japan, South Korea, South East Asia, Saudi Arabia, UAE, Turkey, Qatar, South Africa, Egypt), By Company
ICT & Electronics
The growing adoption of IoT, artificial intelligence, and machine leading in the major organizations coupled with a surging manufacturing sector across the globe are propelling the growth of the Global Predictive Maintenance market across the globe. Moreover, the rising awareness about the benefits of predictive maintenance such as low operational cost of electrical equipment and machinery and the failure of any downtime are major factors contributing to the growth of the Predictive Maintenance market worldwide.
The on-premise deployment acquired the major market share on in the Global Predictive Maintenance market in 2019. Moreover, the cloud-based deployment is expected to grow at a robust pace owing to the benefits such as easy maintenance of data, fast data processing, direct IT control, etc. Moreover, the manufacturing segment dominated the major market share due to the considerable usage of heavy machinery and equipment. Moreover, the energy and utility segment is expected to grow at a considerable growth rate in the forecast years.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
According to MarkNtel Advisors’ research report titled “Global Predictive Maintenance Market Analysis, 2020”, the Global Predictive Maintenance market is anticipated to grow at a CAGR of around 27.20% during 2020-25. In 2019, the North America region dominated the market on an account of the well-established manufacturing industry and the adoption of new technologies such as Industrial Internet of things (IIoT), AI, and ML to keep the data safe and secure, thus contributing to the overall growth of the Predictive Maintenance market.
According to MarkNtel Advisors, the companies with a considerable share in the industry are IBM Corporation, Microsoft Corporation, SAP SE, Software AG, Schneider Electric SE, etc. The companies are launching new products and are forging intra- and intersegmental tie-ups to gain a competitive edge in the industry. For instance, Tomra Care” program was launched by the company Tomra for preventive maintenance for retailers.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Predictive Maintenance Market?
What are the region-wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Predictive Maintenance Market?
Who are the key competitors or market players and how they perform in Global Predictive Maintenance Market, competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of the Global Predictive Maintenance Market study?
Market Outlook, Segmentation, and Statistics
Market Size & Analysis
By Revenues (USD Billion)
Market Share & Forecast
Integration & Deployment
Advisory & Consulting
Support & Maintenance
By Deployment Mode
By Organization Size
Small & Medium Enterprise
By Testing Type
Ultrasonic Leak Detector
Government & Defence
Energy & Utilities
Transportation & Logistics
Healthcare & Lifesciences
Media & Telecom
Others (Agriculture, Retail)
Russia & CIS
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
North America Predictive Maintenance Market Analysis, 2015- 2025F (USD Billion)
South America Predictive Maintenance Market Analysis, 2015- 2025F (USD Billion)
Europe Predictive Maintenance Market Analysis, 2015- 2025F (USD Billion)
Middle East Predictive Maintenance Market Analysis, 2015- 2025F (USD Billion)
Africa Predictive Maintenance Market Analysis, 2015- 2025F (USD Billion)
Global Predictive Maintenance Market Policies, Regulations, Product Standards
Global Predictive Maintenance Market Hotspot and Opportunities
Global Predictive Maintenance Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Global Predictive Maintenance Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion.
Q. What would be the growth rate or CAGR Global Predictive Maintenance Market during 2020-25?
A. The market size of the Global Predictive Maintenance Market during 2020-25 is forecast to be around 27.20%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North-America will dominate the market with a majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Predictive Maintenance Market?
A. IBM Corporation, Microsoft Corporation, SAP SE, Software AG, Schneider Electric SE, General Electric(GE), TIBCO Software, Inc. and few others are the leading players in the Global Predictive Maintenance Market.
Q. Does the report scope cover country-wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
Q. Which Deployment Mode would emerge as an opportunity area for players in Global Predictive Maintenance Market?
A. The On-Premise deployment grabbed the major market share on account of avoiding cyber threats. Whereas, the cloud-based deployment is expected to grow at a robust pace owing to the benefits such as easy maintenance of data, fast data processing, direct I.T control
Q. Which Vertical segment would emerge as an opportunity area for players in Global Predictive Maintenance Market?
A. The manufacturing segment dominated the major market share on account of the usage of heavy machinery and equipment whereas, the energy and utility segment is expected to grow at a considerable growth in the forecast years.
1.1. Research Process
1.3. Product Definition
1.4. Market Segmentation
2. Executive Summary
3. Global Predictive Maintenance Market Analysis, 2015-2025F
3.1. Market Size & Analysis
3.1.1. Market Revenues
3.2. Market Share & Analysis
3.2.1. By Components
18.104.22.168.1. Integration & Deployment
22.214.171.124.2. Advisory & Consulting
126.96.36.199.3. Support & Maintenance
3.2.2. By Deployment Mode
3.2.3. By Organization Size
188.8.131.52. Large Enterprise
184.108.40.206. Small & Medium Enterprise
3.2.4. By Technique
220.127.116.11.1. IOT/Big Data
18.104.22.168.2. Machine Learning
3.2.5. By Testing Type
22.214.171.124. Vibration Monitoring
126.96.36.199. Electrical Insulation
188.8.131.52. Infrared Thermography
184.108.40.206. Temperature Monitoring
220.127.116.11. Ultrasonic Leak Detector
18.104.22.168. Oil Analysis
3.2.6. By Vertical
22.214.171.124. Government & Defense
126.96.36.199. Energy & Utilities
188.8.131.52. Transportation & Logistics
184.108.40.206. Healthcare & Lifesciences
220.127.116.11. Media & Telecom
18.104.22.168. Others (Agriculture, Retail)
3.2.7. By Region
22.214.171.124. North America
126.96.36.199. South America
188.8.131.52. Middle East & Africa
3.2.8. By Company
184.108.40.206. Revenue Shares
220.127.116.11. Strategic Factorial Indexing
18.104.22.168. Competitor Placement in MarkNtel Quadrant
4. North America Predictive Maintenance Market Analysis, 2015- 2025F
4.1. Market Size & Analysis
4.1.1. Market Revenues
4.2. Market Share & Analysis
4.2.1. By Components
4.2.2. By Deployment Type
4.2.3. By Organization Size
4.2.4. By Technique
4.2.5. By Testing Type
4.2.6. By Vertical
4.2.7. By Country
4.3. The US Predictive Maintenance Market Analysis, 2015-2025F