Press release
By 2026, it is Anticipated that the Market for Operational Predictive Maintenance Would Expand at a Startling 23.2% CAGR
Operational Predictive Maintenance Market
For tech organisations, reducing asset downtime continues to be one of their top operational priorities. To avoid the confusion that results from merging multiple systems, international syndicates are implementing operational predictive maintenance methods.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/10394
Apropos the report, the demand for operational predictive maintenance in North America will remain the highest, compared to other regions. Companies in the US and Canada will account for sales of operational predictive maintenance systems worth over US$ 1,200 million by the end of 2024. However, Asia-Pacific's operational predictive maintenance market will be rising at an exponential CAGR of 27.3%. The demand for such maintenance systems will also be high in Latin America, while Europe and the Middle East & Africa will show moderate growth in terms of revenues.
Germany-based Robert Bosch GmbH and Software AG are known for providing advanced operational predictive maintenance systems and services across the globe. The global market for operational predictive maintenance is also witnessing participation for US tech companies such as SAS Institute Inc., PTC Inc., General Electric Company, IBM Corporation, eMaint Enterprises LLC and Rockwell Automation, Inc. Based in France, Schneider Electric SE is also a prominent provider for predictive asset analytics systems in the world.
The report further estimates that global demand for operational predictive maintenance software will remain higher in comparison with services. By the end of 2024, nearly three-fourth of global operational predictive maintenance revenues will accounted by software sales. When it comes to deployment of operational predictive maintenance systems, cloud-based deployment is projected to gain traction by nearly doubling its global revenue share through 2024. On-premise deployment will lose out to cloud-based deployment, but, will continue to be the dominant mode of deploying operational predictive maintenance.
Manufacturing plants will be deemed as the largest end-users of operational predictive maintenance. In 2016, operational predictive maintenance systems deployed by manufacturing industries brought in more than US$ 160 million in revenues. In due course of forecast period, revenues accounted by manufacturing industries as end-users will have surge at the CAGR of 22.4%.
Fastest revenue growth attained by end-user, however, will be credited to public sector companies around the globe. Sales of operational predictive maintenance to public sector companies will soar at more than 25% CAGR. Likewise, the demand for operational predictive maintenance will also be considerably high in transportation, automotive, healthcare, and energy & utility industries.
Buy Full Report Now, Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/10394
Key Companies
IBM Corporation
Software AG
SAS Institute Inc.
PTC Inc.
Schneider Electric
Rockwell Automation
eMaint
Robert Bosch GmbH
SAP SE
General Electric
Key Segments
By Component Type -
Software
Services
Consulting
Integration and Implementation
Training
Support
By Deployment Model -
On-Premise
Cloud
By Technology (qualitative) -
Machine Learning
Deep Learning
Big Data & Analytics
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/10394
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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 By 2026, it is Anticipated that the Market for Operational Predictive Maintenance Would Expand at a Startling 23.2% CAGR here
News-ID: 2859070 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Operational
Operational Analytics Market: Driving Data-Driven Decisions for Operational Exce …
In recent years, the global Operational Analytics Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Operational Analytics Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Operational Analytics Market: Driving Data-Driven Decisions for Operational Exce …
In recent years, the global Operational Analytics Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Operational Analytics Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Operational Risk Management Solution Market Report 2024 - Operational Risk Manag …
"The Business Research Company recently released a comprehensive report on the Global Operational Risk Management Solution Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The operational…
Industrial Maintenance Services in Operational Improvement and Operational Maint …
Data Bridge Market Research analyses that the Industrial Maintenance Services in Operational Improvement and Operational Maintenance Market valued at USD 51.77 billion in 2022, will reach USD 80.36 billion by 2030, growing at a CAGR of 5.65% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by…
Operational Technology Market
Market Overview
The Global Operational Technology Market size is growing at a high CAGR during the forecast period (2022-2029).
Operational Technology (OT) is technology and software that detects or induces changes in industrial equipment, assets, processes, and events through direct monitoring and control. Operational technology refers to systems that process operational data (including electronic, telecommunications, computer systems, and technical components). OT systems may be required to control valves, engines, conveyors, and other…
Automotive Blockchain Market Thrives With Operational Efficacy, Robust Investmen …
The automotive blockchain market is projected to demonstrate a tremendous growth by the end of the projection period. Incessant investments in autonomous and connected vehicles and the operational efficacy that blockchain technology provides are steering the demand for automotive blockchain technology across the globe. During the outbreak of COVID-19, the automotive industry has witnessed steep declines in production as well as sales of vehicles. This led to subsequent deceleration in…
