Global Predictive Maintenance Market Size Analysis, 2019-2028

REPORT ID: BKR1068 Domain: ICT Published Date: August 2019
Pages: 270+ Format: PDF

The global predictive maintenance market size is estimated to be valued at US$ 3.2 Bn in 2019 and is expected to register a CAGR of 17.6% during the forecast period. With the aid of big data, predictive maintenance is expected to aid in improving uptime, extending life of various assets, and increase safety. In addition, significant increase in the adoption of Industrial Internet of Things (IIoT) over recent years is expected to drive growth of the predictive maintenance market in the next five years. Predictive maintenance generally consists of three main components that is smart sensors, analytical monitoring tools, and scheduler. These components work in tangent and enable the enterprises to minimize or prevent electrical or mechanical breakdown of any equipment.

Predictive Maintenance Market Latest News, Key Developments, and Trends:

Various IoT-based companies focus on introducing support for predictive maintenance through introduction of new solutions and products

  • In May 2019, SensiML Corporation, a US-based software company, announced that its Analytics Toolkit supports Artificial Intelligence (AI) for industrial IoT predictive maintenance applications
  • In June 2019, Omron Corporation, a Japan-based electronics company, announced the release of ‘DC 3-Wire E2E NEXT Series’, proximity sensors, in order to boost predictive maintenance and improve operations on packaging lines

In addition, solution providers focus on broadening its predictive maintenance solution portfolio through the introduction of new solutions catering to various new verticals

  • In June 2019, Embraer S.A. announced the launch of ‘IKON’, a predictive maintenance system, with the aid of big data and analytics based on Amazon Web Services Cloud

In the US, various end-user verticals, especially energy and utilities segments, are focusing on deploying solutions in order to optimise facilities

  • In May 2019, Enel Green Power North America Inc., a US-based energy and utility company, announced plans to deployed NarrativeWave’s predictive maintenance software in order to optimize field operations at its geothermal facilities

 Global Predictive Maintenance Market Analysis and Insights, by Region:

In 2019, North America predictive maintenance market currently dominates the global predictive maintenance solutions market with above 35% revenue share. This is primarily driven by increasing need for minimizing the overall cost, increasing production throughput and optimising the workflow operations. In addition, increasing adoption of big data across various verticals is anticipated to drive the growth of the market in the near future. However, market in Asia Pacific and Eastern Europe are expected to register significant growth during the forecast period primarily due to increasing number of investments in manufacturing sector and adoption of digitalisation.

Global Predictive Maintenance Market Size and Forecast: Competition Landscape

Currently, various small-and mid-sized players focus on introducing new solutions pertaining to IIoT. In addition, various key players focus on attaining new contracts and focusing on offering solutions catering to energy and utilities segment in order to gain upper hand in the regional or local market.

Some key predictive maintenance market players are:

  • Microsoft Corporation
  • IBM Corporation
  • GE
  • SAP
  • Schneider Electric
  • Hitachi
  • SAS
  • Software AG
  • PTC
  • TIBCO
  • Dingo
  • Asystom
  • C3 IoT
  • Embraer S.A.
  • OPEX Group

   Research Scope:

By Product Type:

  • Solution
  • Services
    • Implementation and Integration Services
    • Consulting Services
    • Support Services

By Deployment Type:

  • On-premise
  • Cloud-based

By Organisation Type:

  • Small and Medium Enterprises
  • Large Enterprises

By End-use:

  • Energy and Utilities
  • Manufacturing
  • BFSI
  • Healthcare
  • Government and Defense
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the predictive maintenance market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the predictive maintenance market revenue is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the predictive maintenance market in near future
  • Which current and upcoming technologies will shape up the predictive maintenance market?
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the predictive maintenance market during the forecast period
  • Who are the predictive maintenance market leaders and what are the key initiatives taken by them for long term growth?
  • Industry exclusive use cases

Who will benefit from the Report?

  • Solution Provider
  • Component Manufacturers
  • Service Provider
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

Purchasing of predictive maintenance market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Predictive Maintenance Market: Research TOC

  1. Report Structure
  2. Executive Summary
  3. Research Methodology
  4. Predictive Maintenance Market
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Value Chain Analysis
  5. Global Predictive Maintenance Market Overview
    • Global Predictive Maintenance Market Size, 2018-2028
    • Growth Analysis, 2019-2028 (%)
    • Key Industry Players
  6. Predictive Maintenance Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Challenges
    • Technological Landscape
    • Industry Trends
    • Market Opportunities
    • Marketed Details
    • Porters Analysis
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments
    • Industry Inorganic Strategy and Growth Analysis
  7. Predictive Maintenance Market, By Product Type
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Solution
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Services
      • Market Value Forecast, 2018-2028, (US$ Million)
        • Implementation and Integration Services
        • Consulting Services
        • Support Services
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Predictive Maintenance Market, By Deployment Type
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • On-Premise
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Cloud Based
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Predictive Maintenance Market, By Organization Type
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Small and Medium Enterprises
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Large Enterprises
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Predictive Maintenance Market, By End-use
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • BFSI
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Utilities and Energy
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Healthcare
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Government
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Military
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Manufacturing
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Others
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. North America Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • United States
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United States Predictive Maintenance Market Analysis, Across Segments (By Product, By Deployment, By End-use, By Organization)
      • Canada
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Canada Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Western Europe Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Germany
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Germany Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • United Kingdom
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United Kingdom Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • France
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • France Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Italy
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Italy Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • BENELUX
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • BENELUX Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • NORDIC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • NORDIC Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Rest of Western Europe
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Western Europe Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Central and Eastern Europe (CEE) Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Russia
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Russia Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Poland
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Poland Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Ukraine
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Ukraine Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Rest of CEE
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of CEE Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Asia Pacific Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • China
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • China Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • India
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • India Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Japan
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Japan Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • ASEAN
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ASEAN Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Australia and New Zealand (ANZ)
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ANZ Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • South Korea
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Korea Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Rest of Asia Pacific
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Asia Pacific Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Latin America Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Brazil
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Brazil Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Mexico
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Mexico Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Argentina
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Argentina Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Rest of Latin America
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Latin America Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Middle East Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • GCC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • GCC Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Rest of Middle East
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Middle East Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Africa Predictive Maintenance Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Deployment
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By End-use
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Organization Type
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • South Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Africa Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • Central Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Central Africa East Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
      • North Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • North Africa Predictive Maintenance Market Analysis, Across Segments ((By Product, By Deployment, By End-use, By Organization)
  1. Company Landscape: Predictive Maintenance Industry
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Industry Players Across Regions
    • Distribution Channel Matrix
    • Company Profiles
      • Microsoft Corporation
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
      • IBM Corporation
      • GE
      • SAP
      • Schneider Electric
      • Hitachi
      • SAS
      • Software AG
      • PTC
      • TIBCO
      • Dingo
      • Asystom
      • C3 IoT
      • Embraer S.A.
      • OPEX Group

(*Key Pointers mentioned is covered across all other companies)

   

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