Predictive Maintenance Market Growth and Forecasts 2025 By SAS, Augury, Hitachi, SAP, RapidMiner, GE, Dell, Software AG, IBM, PTC, Rockwell Automation, Fluke Corporation, Bosch Software Innovations, Schneider Electric, C3 IoT, T-Systems International GmbH

The predictive maintenance market record offers an in-intensity survey of key market gamers, that is primarily based at the enterprise's various objectives, together with profiling, product define, production amount, uncooked substances required and the agency's economic fitness. The file additionally constitutes a qualitative and quantitative assessment of industry analysts, first-hand information, help from industry specialists and their today's popularity and each producer of the predictive maintenance industry through the market cost chain. The studies experts also assessed the generation of sales and revenue generated on this unique marketplace in widespread. This record additionally affords a comprehensive evaluation of developments inside the root marketplace, numerous governing factors and macroeconomic signs, as well as upgrades within the market in every phase. The report covers both local and worldwide market evaluation and the projection of the "predictive maintenance market."

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The predictive maintenance industry accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025, Globally. Predictive maintenance market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025 (Current Year Statistic Will Be Provided in Report).

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

Report Segments Global and Regional Analysis on Predictive Maintenance Market By

· Geography

· Component (Solutions, Services {System Integration, Maintenance & Support, Consulting Services})

· Organization Size (Small & Medium Enterprises (SMEs), Large Enterprises)

· Deployment Type (Cloud, On-Premises)

· Verticals

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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. Some of the major players of the global predictive maintenance market are

· T-Systems International GmbH

· Augury

· Bosch Software Innovations

· C3 IoT

· Dell Inc.

· Fluke Corporation

· General Electric

· Hitachi, Ltd.

· Honeywell International Inc.

· IBM Corporation

· PTC

· RapidMiner

Others: Rockwell Automation, Inc., SAP SE, SAS Institute, Inc., Schneider Electric, Senseye Ltd, SKF, Software AG, Softweb Solutions Inc, Warwick Analytics 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.

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