Press release
Predictive Maintenance Market is estimated to grow at a CAGR of 28.4% during 2016 to 2021 IBM (U.S.), SAP SE (Germany), Software AG (Germany), General Electric (U.S.), Robert Bosch (Germany), Rockwell Automation (U.S.), PTC (U.S.), Warwick Analytics (U.K.
The predictive maintenance market is expected to grow from USD 1,404.3 Million in 2016 to USD 4,904.0 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period.
Predictive Maintenance Market Overview:
Predictive maintenance helps to recover multiple data sources in real time to determine the state of the equipment in service and to detect quality problems and asset failures. The growing demand for big data, the Internet of things and the growing desire of companies to reduce their operating costs are the main drivers of growth in the predictive maintenance market.
Browse details of 105 numbers of pages research report developed on Predictive Maintenance Market @ https://www.researchcosmos.com/reports/global-predictive-maintenance-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/8729868
Predictive Maintenance Market Drivers and Restraints:
The proposed solutions for predictive maintenance have been the driving force of growth in this market. Among the various services offered for predictive maintenance, systems integration and consulting services should be the main driver of market growth. The adoption of predictive maintenance has increased in a variety of sectors, including government, aerospace and defense, energy and public services, manufacturing, health, transportation and transport. Logistics, due to its ability to predict asset failures and reduce operating costs. North America is the largest market for predictive maintenance due to the presence of a large number of service and solution providers in the region.
The predictive maintenance market is expected to grow in the coming years, as many organizations opt for this technology. The key drivers of growth in the industry include the growing demand for large data and the Internet of Things, as well as the growing concern of organizations to reduce operating costs and asset maintenance. Adoption of solutions such as predictive maintenance helps organizations reduce downtime, reduce operation and maintenance costs by identifying the types of failures and minor anomalies in processes, and accurately predict asset failures so they can be taken out of production.
Predictive Maintenance Market Geographical Analysis:
In North America, the US market is expected to experience the greatest growth during the forecast period due to the growing demand for better process monitoring and the presence of a large number of suppliers’ solutions and services for predictive maintenance. Due to the growing growth of heavy machinery and machinery industries in Asia-Pacific, the region represents a significant potential for this market. In addition, the large investments of companies in countries such as China, India, Japan and South Korea in their production facilities increase the demand for predictive maintenance. However, the lack of operator training and the shortage of experts can play an important role in the predictive maintenance market.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-predictive-maintenance-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/8729868
Predictive Maintenance Market Key Players:
Bosch Software Innovations GmbH, Augury Systems, Fluke Corporation, Dell, Inc., Hitachi, Ltd., General Electric Company, IBM Corporation, Honeywell International, Inc., Rapidminer, Inc., PTC., Inc., Rockwell Automation, Inc., and SAP SE. are the prominent players of the market.
Predictive Maintenance Market Segmentation:
By Component
• Introduction
• Solutions
• Services
By Deployment Size
• Introduction
• Cloud
• On – Premises
By Organization
• Introduction
• Small and Medium Enterprise
• Large Enterprise
By Vertical
• Introduction
• Government
• Aerospace and Defense
• Energy and Utilities
• Manufacturing
• Healthcare
• Transportation and Logistics
• Others
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-predictive-maintenance-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/8729868
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.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 is estimated to grow at a CAGR of 28.4% during 2016 to 2021 IBM (U.S.), SAP SE (Germany), Software AG (Germany), General Electric (U.S.), Robert Bosch (Germany), Rockwell Automation (U.S.), PTC (U.S.), Warwick Analytics (U.K. here
News-ID: 1658480 • Views: …
More Releases from Research Cosmos
Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025
The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.
Browse details of the report @ https://www.researchcosmos.com/reports/mobile-phone-insurance-market/199557834
Growing utilization…
Social Employee Recognition Systems Market Predicted to grow at a CAGR of xx By …
Social Employee Recognition Systems Market Analysis Size, Growth rate and Overview:
Social Employee Recognition Systems Market was valued at USD xx million in 2018 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around xx% over the predicted period.
Throughout the world, social employee recognition systems have expanded dramatically to address the need to move away from traditional methods and programs of…
More Releases for Predictive
Demand for Predictive Maintenance Management Is High In Predictive Maintenance M …
𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝘃𝗲 𝗠𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀 𝗳𝗿𝗼𝗺 𝟮𝟬𝟮𝟭 𝘁𝗼 𝟮𝟬𝟮𝟳
The global Predictive Maintenance market is estimated to account for US$ 17.7 Billion By 2026.
Predictive maintenance systems are designed to assist manufacturing companies in determining the condition of their on-site equipment so as to gauge when regular maintenance ought to be done. This system promises significant cost savings since tasks are done only when necessary, thereby aiding in growth of the predictive…
The Predictive Maintenance Market is experiencing a surge in demand for Predicti …
Predictive Maintenance Market Forecast : The global Predictive Maintenance market is estimated to account for US$ 17.7 Billion By 2026
𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [180 Pages]
Predictive maintenance systems are designed to assist manufacturing companies in determining the condition of their on-site equipment so as to gauge when regular maintenance ought to be done. This system promises significant cost savings since tasks are done only when necessary, thereby aiding in growth of the predictive…
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,…
nextLAP offers more than predictive maintenance: prediction and management by us …
Production process platform IP/1 predicts entire process chains in production and logistics and manages them
Munich, 28 May 2018 – Predictive maintenance is one of the biggest trends of Industry 4.0. nextLAP GmbH, a specialist in IIoT-based solutions for the digital management and automation of production and logistics processes, takes it one crucial step further – by offering Predictive Process Control solutions. Instead of predictively analysing only the data from isolated…
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…
