openPR Logo
Press release

Predictive Maintenance Market Booming the Industries by Ravisisng keyplayers | Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation

03-15-2019 06:56 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Predictive-Maintenance

Predictive-Maintenance

Global predictive maintenance market is estimated to be valued at US$ 2,123.8 Mn in 2018, up from US$ 1,639.2 Mn in 2017. By 2026, the market is projected to reach US$ 17,700.8 Mn, exhibiting a CAGR of 30.3% over the forecast period (2018–2026). Increasing adoption of predictive maintenance in automotive aftermarket, growing industrial automation, increasing demand for periodic maintenance (for operations, assets, and production) are some major factors contributing in growth of the global predictive maintenance market.

Download PDF Brochure of Research Report: www.coherentmarketinsights.com/insight/request-pdf/2548

On the basis of component, the global predictive maintenance market is segmented into solutions and services. On the basis of deployment, the market is segmented into on-premise and cloud. On the basis of application, the market is segmented into asset maintenance, operations maintenance, and health & performance optimization.

Manufacturing industries are in constant need for improving performance, reliability, and service management. Data acquisition, monitoring, and analytics aids in achieving better reliability and service management. Data-based predictive models help in boosting performance of manufacturing process and offers improved manufacturing quality.

The solution segment held dominant position in the market in 2018
Solution segment held dominant position in the market in 2018 and it is expected to retain its dominance over the forecast period. Emerging economies such as India and China in Asia Pacific are expected to witness significant growth in the solution segment in the predictive maintenance market. This is owing to growing manufacturing sector and increasing industrial automation across various industry verticals in the region such as automotive and aerospace & defense.

North America held dominant position in the predictive maintenance market in 2017

North America held dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period. This is owing to high presence of manufacturing companies and increasing demand for lean manufacturing across different industry verticals in the region. New startup companies deploy and adopt predictive maintenance to optimize the overall production process and make the operations cost-effective.

Global Predictive Maintenance Market: Key Players

Major players operating in the global predictive maintenance industry include, Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation, Inc., Senseye Ltd., Softweb Solutions, Inc., Warwick Analytics, SAP SE, Robert Bosch GmbH, Software AG, and Siemens AG.

Request for Customization of Research Report: www.coherentmarketinsights.com/insight/request-customizat...

Detailed Segmentation:

• Global Predictive Maintenance Market, By Component:

o Solution

 Smart Maintenance
 Predictive Analytics

o Services

 System Integration
 Maintenance & Support
 Consulting Services

• Global Predictive Maintenance Market, By Deployment:

o Cloud
o On-premise

• Global Predictive Maintenance Market, By Application:

o Asset Maintenance
o Operation Maintenance
o Health & Performance Maintenance

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Booming the Industries by Ravisisng keyplayers | Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation here

News-ID: 1655881 • Views: 244

More Releases from Coherent Market Insights

Training Market World's Top Players Include Skillsoft Limited, Safety Media, GP …
The global training market was valued at US$ 94,828.5 Mn in 2017 and is expected to exhibit a CAGR of 6.4% over the forecast period and reach US$ 174,596.6 Mn in 2027. North America accounted for 45.1% of the revenue share in the global training market in 2018. The Asia Pacific market is witnessing high growth due to increasing demand for cost effective learning management solutions. Moreover, an increase in
5G Infrastructure Market To Witness Double Digit Cagr By 2027
5G is a key enabler for the futuristic digital world. It offers ultra-high broadband infrastructure, for application in various sectors such as healthcare, automotive, and manufacturing. Increasing number of connected devices plays a key role in growth of the 5G infrastructure market. For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1343 Software-Defined Networking segment is projected to account for the dominant position in global 5G infrastructure market over
Semiconductor IP Market Top Keyplayers Arm, Synopsys, Cadence, Imagination, Latt …
A semiconductor Intellectual Property (IP) is a logic unit or logic chip that can be reused and is an intellectual property of a circuit. This IP is used in integrated circuit designs or field-programmable gate array (FPGA) logic designs as building blocks. Semiconductor intellectual property enables faster chip design by using existing blocks. It is also responsible for improving the quality of any device, in turn enhancing the efficiency of
Online Marketing Place for Hospitality Services Market Top Keyplayers Hotwire, H …
The desktop platform holds a dominant position in the global online marketing place for hospitality services market, whereas, the mobile platform is expected to grow with the largest CAGR over the forecast period, owing to increasing popularity of mobile apps and mobile-based websites. In addition to this, the increasing number of smart phone users is a major factor providing swift growth to the mobile platform of this market. Online Marketing

All 12046 Releases


More Releases for Maintenance

Spring Maintenance Checklist
Yay! We finally made it to Spring after a long hard winter. So now that the weather is better, what do we need to do around the house to keep it in tip top shape? Here is a helpful list to guide you through the process: Exterior maintenance: 1. Check the roof. If you're comfortable on a ladder, inspect your roof from up high. Look for damaged or missing shingles and signs of
Winter Home Maintenance Guide
Keep your home in tip top shape this winter by performing this list of maintenance tasks to keep your family warm & safe all winter long. If you own a snow blower, be sure to check the manual for any routine pre-season maintenance suggestions. Also, make sure you have easy access to your shovel and have plenty of kitty liter on hand to help prevent slips. (this will not harm
Global Automotive Maintenance Tools Market
Global Automotive Maintenance Tools Market: Overview Automotive maintenance is the process of testing or inspecting the condition of vehicle subsystems such as engine and servicing or replacing parts and automobile fluids. Automotive maintenance is carried out at a fixed interval of time or after the vehicle has travelled a specific distance or when the vehicle is underperforming. Automotive maintenance tools are used to dismantle vehicle systems for their repair. This in
United State Q4 2016 Refinery Maintenance Global High Unplanned Maintenance
Albany, New York, February 14, 2017: Market Research Hub has recently announced the addition of a new report to it broad database titled as “Q4 2016 Global Refinery Maintenance Review - High Unplanned Maintenance in the Americas”. Globally, more than 40 refineries witnessed maintenance (planned and unplanned) across 56 units in Q4 2016. Request for Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=964430 Planned maintenance accounted for 60% of the maintenance in the quarter and the remaining
Online Store Maintenance providers
Dallas, TX, USA – Jan 14, 2017: InterloperInc.com announces it's maintenance service for online stores especially small businesses who don't have the internal resources to maintain their website, keep the software and security updated, repair broken links, and maintain their search rankings. According to Mr. Olayode, a spokesperson for InterloperInc.com, online shoppers are taking a risk when they go shopping and if for any reason they don't feel secure, or they
Efficient Network Diagnostics for Maintenance
New release of the diagnosis solution TH SCOPE and TH LINK for PROFINET and PROFIBUS now available Schwerin, January 13, 2014 - Trebing + Himstedt, international supplier of products and services for the optimal use of IT in the production environment, is now releasing new versions of the proven network diagnosis solutions TH SCOPE and TH LINK. These releases feature new functions for the diagnosis of PROFINET and PROFIBUS networks,