Predictive Maintenance Market Gaining Pace By Reducing Operation and Maintenance Costs in 2018 With Top Providers Analysis Like Bosch Software Innovations, C3 IoT, Dell, Fluke Corporation, GE, Hitachi, IBM, PTC, RapidMiner, Augury

Global Predictive Maintenance market analyses the current Oil and Gas industry situations on a large scale to provide the Predictive Maintenance market developments, market size and progress estimates. The main element details are related to Predictive Maintenance market’s essential market segments, opportunities and market constraints are presented in this report. Further, this report lists the product definition, applications, market scope, and major product manufacturing regions. An extensive view of the industries’ major manufacturers and supply/demand scenario are covered deeply. This kind of record comprehensively analyses the present market segments as well as the rising segments which can anticipate the forecast Predictive Maintenance market’s development in the coming years.

The report for predictive maintenance market includes detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. The Predictive Maintenance Market report contains data for the historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The Global Predictive Maintenance Market accounted for USD 1.6 billion in 2016 growing at a CAGR of 29.1% during the forecast period of 2017 to 2024.

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The aim of predictive maintenance is to first predict when equipment failure might occur, then to take preventive actions by performing maintenance. It involves testing and monitoring machines to predict machine failures. This helps in maximizing device or equipment uptime, enhancing quality. It is widely applicable in government, aerospace and defense, energy and utilities, manufacturing, healthcare, transportation and logistics, and others. Reduction in operation and maintenance costs may act as major driver in the growth of predictive maintenance market. On the other side, lack of proper training about the technology may hamper the market.


Company Share Analysis: Global Predictive Maintenance Market

Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. Some of the major players of the global predictive maintenance market are

· Augury

· Bosch Software Innovations GmbH

· C3 IoT

· Dell Inc.

· Fluke Corporation

· General Electric

· Hitachi, Ltd.

· Honeywell International Inc.

· IBM Corporation

· PTC

· RapidMiner, Inc.

Others: Rockwell Automation, Inc., SAP SE, SAS Institute, Inc., Schneider Electric, Senseye Ltd, SKF, Software AG, Softweb Solutions Inc., T-Systems International GmbH, Warwick Analytics and others.

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Major Market Drivers & Restraints:

· Reduction in Operation & Maintenance Costs and Asset Downtime

· Increasing Demand for Transforming Maintenance

· Helps in Decision-Making and Increasing Operational Efficiency

· Big Data and IoT Driving the Market

· Lack of Training

· Lack of Trust in Predictive Maintenance Technologies


Market Segmentation: Global Predictive Maintenance Market

· The global predictive maintenance market is segmented on the basis of component into solutions, and services. The services segment is further sub segmented into system integration, maintenance and support, consulting services.

· On the basis of organization size, the global predictive maintenance market is segmented into large enterprises, and small and medium-sized enterprises.

· On the basis of deployment type, the global predictive maintenance market is segmented into cloud, and on-premises.

· On the basis of vertical, the global predictive maintenance market is segmented into government, aerospace and defense, energy and utilities, manufacturing, healthcare, transportation and logistics, and others.

· On the basis of geography, the global Predictive Maintenance market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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