At a CAGR of 25.2% | Predictive Maintenance Market Worth $12.3 billion by 2025

ReportsnReports adds “Predictive Maintenance Market” to its store. The Report provides in-depth analysis of the Predictive Maintenance Market at global and key country level.

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The Global Predictive Maintenance Market size is projected to grow from USD 4.0 Billion in 2020 to USD 12.3 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 25.2% during the forecast period.

Top Companies Profiled in the Predictive Maintenance Market:
• IBM (US)
• Microsoft (US)
• SAP (Germany)
• Hitachi (Japan)
• PTC (US)
• GE (US)
• Schneider Electric (France)
• Software AG (Germany)
• SAS (US)
• TIBCO (US)
• C3 IoT (US)
• Uptake (US)
• Softweb Solutions (US)
• Asystom (France)
• Ecolibrium Energy (India)
• Fiix (Canada)
• OPEX Group (UK)
• Dingo (Australia)
• Sigma Industrial Precision (Spain)
• Google (US)
• Oracle(US)
• HPE (US)
• AWS (US)
• Micro Focus (UK)
• Splunk (US)
• Altair (US)
• RapidMiner (US)
• Seebo (Israel)

COVID-19 would have an impact on all the elements of the technology sector. Predictive maintenance companies are witnessing a slowdown due to the global lockdown and lack of workforce. The market is expected to pick up in the next 2-3 quarters as there would be increased need to remotely monitor and manage assets.

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“The services segment to grow at a higher CAGR during the forecast period”
The predictive maintenance market is segmented on the basis of components, such as solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. An efficient predictive maintenance service help organization develop a connected environment by integrating predictive maintenance solution with their existing IT infrastructure.

“The energy and utilities segment to grow at the highest CAGR during the forecast period”
The predictive maintenance market by vertical has been segmented into government and defense, manufacturing, energy and utilities, transportation and logistics, health and lifesciences and others (agriculture, telecom, media, and retail). The energy and utilities segment to grow at the highest CAGR during the forecast period, due to the growing demand for automated of power-usage analytics applications.

#Breakdown of primary participants’ profile:
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the predictive maintenance market.

• By Company: Tier I: 15%, Tier II: 42%, and Tier III: 43%
• By Designation: C-Level Executives: 62%, Directors: 20%, and Others: 18%
• By Region: North America: 40%, APAC: 20%, Europe: 30%, MEA: 5%, and Latin America: 5%

Competitive Landscape of Predictive Maintenance Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionaries
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Strength Of Product Portfolio
4 Business Strategy Excellence
5 Competitive Leadership Mapping (Start-Ups)
5.1 Progressive Companies
5.2 Responsive Companies
5.3 Dynamic Companies
5.4 Starting Blocks
6 Strength Of Product Portfolio (Startups)
7 Business Strategy Excellence (Start-Ups)

Reason to access this report:
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall predictive maintenance market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights to better position their business and plan suitable go-to-market strategies.

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This release was published on openPR.