Predictive Maintenance Market Significant Rise over 2025
The global market for predictive maintenance has expanded at a promising pace in the past few years owing to the vast uptake of automation techniques and IoT in the industrial sector. With the massive rise in connected products, processes, an operations in the industrial sector, the implementation of predictive maintenance tools and solutions has become easier, thus bringing about a massive rise in their uptake across the globe. Predictive maintenance, the solutions that help predict the potential failure of an in-service equipment in a professional setup, enables the proactive and more effective planning of corrective measures that can result in vast cost savings as the action is take much before the equipment fails.
The market is expected to expand at a healthy pace in the next few years as well, driven from increased uptake across the industrial sector in emerging economies. The rising set of applications across a number of industries is also likely to work in favor of the global predictive maintenance market in the next few years. Vast advancements in the field of sensor technologies are also expected to spell growth for the market. Geographically, the market is expected to witness maximum traction in Asia Pacific owing to the steady pace of expansion of the industrial sector and rising uptake of automation technologies in the industrial sector in the region. Developed regions such as North America and Europe are also expected to present promising demand for effective predictive maintenance tools in the next few years, thanks to the well-established industrial infrastructure.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2075
Predictive Maintenance Market: Overview
Predictive maintenance (PdM) solutions are designed to help predict when an in-service equipment might fail and to perform maintenance before the failure occurs. This approach enables convenient planning of corrective maintenance resulting in considerable cost savings as action is taken before the equipment failure occurs.
Other advantages of predictive maintenance include increased equipment longevity, increased plant safety, better spare parts handling, and fewer accidents that can be detrimental to the environment.
The predictive maintenance ecosystem constitutes vendors that provide predictive maintenance solutions to carry out the maintenance needs across several industry verticals.
Predictive Maintenance Market: Key Trends
Predictive maintenance solutions are increasingly being adopted across several industry verticals such as aerospace and defense, energy and utilities, transportation and logistics, manufacturing, healthcare, and government. This is due to their ability to reduce operational and maintenance costs and minimize asset downtime. The adoption of predictive maintenance solutions enhances decision making capabilities of enterprises for planning production cycle and related aspects.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2075
Predictive maintenance solutions have the ability to precisely predict asset failure, which is one of the major reasons for the increasing adoption of these systems. This helps enterprises plan removal of the asset before it fails, thereby ensuring production is not affected due to action taken beforehand.
The explosion of big data due to digitisation of processes across industry verticals is also favoring the adoption of predictive maintenance solutions for real-time monitoring of complex equipment.
Organizations that are trying to embrace predictive maintenance solutions face difficulties in terms of lack of training provided to operators and dearth of experts to provide guidance for best-suited predictive maintenance solutions. Furthermore, in predictive maintenance, technical personnel involved need to be well-versed to interpret data generated by predictive maintenance technologies. These factors are limiting the market’s growth to some extent.
Nonetheless, the predictive maintenance market is expected to be benefitted from increasing demand from small and medium-sized enterprises and rising demand for real-time streaming analytics.
Read Comprehensive Overview of Report @ https://www.tmrresearch.com/predictive-maintenance-market
Predictive Maintenance Market: Market Potential
Predictive maintenance solutions are spreading wings to rock excavation activities from their traditional use in the manufacturing sector. In a recent industry development, Sandvik Mining and Rock Technology and IBM have joined hands to develop technology for predictive maintenance services for rock excavation and data driven productivity. The terms of the agreement involve Sandvik and IBM to work together on advanced analytics solutions to for improving productivity, safety, operational services, and maintenance of rock excavation equipment.
The IBM-Sandvik alliance will employ the use of advanced analytics, cognitive technologies, and remote monitoring. The combination of services will assist in rock excavation by facilitating well-informed decisions regarding production cycles and maintenance schedules.
Predictive Maintenance Market: Regional Outlook
North America is expected to hold the leading market share and dominate the predictive maintenance market in the near future. However, Asia Pacific is expected to emerge as a significant market for predictive maintenance and display the fastest growth rate in the near future. Developing countries in Asia Pacific and the Middle East and Africa are investing heftily on predictive maintenance solutions to enhance their operational efficiency by minimizing machine downtime and operational costs.
Predictive Maintenance Market: Competitive Landscape
Key players in the predictive maintenance market include Software AG, IBM, Robert Bosch, PTC, RapidMiner, SAP SE, General Electric, Rockwell Automation, Warwick Analytics, and SKF.
These vendors are engaged in various types of organic and inorganic growth initiatives such as partnerships and collaborations, mergers and acquisitions, and new product launches to strengthen their position in the predictive maintenance market.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Predictive Maintenance Market Significant Rise over 2025 here
News-ID: 1034234 • Views: 178
More Releases from TMR Research
Data Discovery Market Statistics, Segment, Trends, Size, Share, Type, Demand and …
Global Data Discovery Market: Snapshot Data discovery is one of the more crucial processes in the process of business intelligence. The key intention of data discovery is to the produce and use reports of an interactive nature that can be used to generate and explore data coming in from multiple sources. This is essentially a user-driven process that involves finding patterns and particular objects within a data set. Some of the
Hadoop Big Data Analytics Market Forecast By 2025 | Tableau Software Teradata Co …
Global Hadoop Big Data Analytics Market: Snapshot The expansion of the World Wide Web started from the later phase of the previous century and has shown an almost exponential rate of growth in this one. The genesis of search engines and indexing in early 2000s helped users of the Internet gain relevant data from the ever-increasing piles of information across the online highways. Technology has come a very long way from
IoT IAM Market Latest Technological Developments Report 2025
Global IoT IAM Market: Snapshot Simple changes brought in by Internet of Things (IoT) vendors that show promise of better security solution for identity and access management (IAM) systems are expected to change the game for the global market. This value addition in the IAM is expected to become an indispensable and an integral change in the coming years, thereby boosting the growth of the overall market. Today, IoT IAM systems
Mobile BI Market Strategies and Forecasts to 2025 | Qlik Technologies, SAS Insti …
Global Mobile BI Market: Overview The global mobile BI market is envisaged to witness the addition of new products and features to keep consumers interested. For instance, the Redmond-based giant technology company, Microsoft recently announced the inclusion of new features such as ‘Shared with me View’ in its all-platform Power BI mobile apps. Also accessible through web portals, Power BI mobile apps have been updated to facilitate users with a
More Releases for Predictive
Electric Motor Condition Monitoring For Predictive Maintenance
Accsense VersaLog Proves Reliable in Machine Health Monitoring CAS DataLoggers provided the stand-alone, motor condition monitoring solution for a factory producing machine parts. Worn down by years of use, an electric motor critical to the business would occasionally fail due to extended operation at high temperatures. This would often cause process delays or shutdowns, hurting profitability. To conduct predictive maintenance, the factory needed reliable condition monitoring before problems could get worse,
Healthcare Predictive Analytics Market
The mounting concern for optimizing healthcare costs among myriad healthcare providers and payers is a key factor boosting the demand for predictive analytics in the healthcare sector. The ever-growing need for boosting patient outcomes and improving the quality of care is a seminal trend boosting the evolution of healthcare productive analytics. In recent years, there is a surging interest among payer organizations and several healthcare institutions in using predictive tools
Predictive Analytics Market -
The global predictive analytics market is categorized on basis of end-users, software solution types, applications and mode of delivery. The market overview section of the report demonstrates the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this field. Get an exclusive sample of this report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1713 Various end-users studied in this report include banking and financial services, insurance sector, government,
Predictive Maintenance Market SWOT analysis 2025
Global Predictive Maintenance Market: Snapshot The global market for predictive maintenance has expanded at a promising pace in the past few years owing to the vast uptake of automation techniques and IoT in the industrial sector. With the massive rise in connected products, processes, an operations in the industrial sector, the implementation of predictive maintenance tools and solutions has become easier, thus bringing about a massive rise in their uptake across
Predictive Analytics Market Share
According to a new report, “Predictive Analytics Market (2017 – 2023)”, published by KBV research, the Global Predictive Analytics Market size is expected to reach $13.8 billion by 2023, rising at a market growth of 21% CAGR during the forecast period. The North America market holds the largest market share in Global Risk Analytics Solution Market by Region in 2016, and would continue to be a dominant market till 2023; growing
Predictive Maintenance Market Research Report- Forecast 2022
Market Research Future published a half-cooked research report on Predictive Maintenance Market Research Report- Forecast 2022" - Market Analysis, Scope, Stake, Progress and Trends Predictive Maintenance Market by Component (Service, Solution), by Technique (Vibration Monitoring, Thermo-Graphic Inspection, Oil Analysis), by Deployment (Cloud, On Premise), by End-User (Manufacturing, Aerospace & Defense, Healthcare, Automotive, Transportation, Government) - Forecast to 2022 Predictive maintenance is regular monitoring of the actual mechanical condition, operating efficiency, and