Press release
The Market for Operational Predictive Maintenance is Anticipated to grow at an Astonishing 23.2% CAGR by 2026
Operational Predictive Maintenance Market
Big data and IoT are starting to be combined by international businesses to increase operational effectiveness. Thus, operational predictive maintenance programmes are becoming increasingly crucial. Yes, it is the solution. The study's key results indicate that, after expanding at an incredible 23.2% CAGR, the global market for operational predictive maintenance will reach US$ 3,158.3 million by the end of 2026.
Reducing asset downtime is one of the top operational challenges for tech companies. Operational predictive maintenance techniques are utilised by international syndicates to reduce the confusion brought on by integrating numerous systems.
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 @ 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 The Market for Operational Predictive Maintenance is Anticipated to grow at an Astonishing 23.2% CAGR by 2026 here
News-ID: 2911424 • Views: …
More Releases from Persistence Market Research
Sportswear Fabric Market to Reach US$40.5 Bn by 2032, Growing at 5.0% CAGR
The global sportswear fabric market is undergoing a significant transformation as consumer expectations shift toward performance, comfort, sustainability, and style. As active lifestyles and fitness-oriented habits become the global norm rather than a niche trend, the fabrics used to manufacture sportswear garments are gaining immense attention among brands, manufacturers, and material innovators.
➤ Download Your Free Sample & Explore Key Insights:
https://www.persistencemarketresearch.com/samples/30859
According to recent industry projections, the sportswear fabric market size…
Image Guided Dentals Surgery Market Set to Transform Modern Implant Dentistry
Image-guided dental surgery (IGDS) represents one of the most transformative advancements in modern dentistry. As dental practices worldwide shift toward precision-driven, minimally invasive techniques, IGDS has emerged as a critical tool for improving patient outcomes, enhancing surgical accuracy, and elevating the quality of dental care. By integrating advanced imaging systems, 3D visualization, virtual planning tools, and computer-navigation technologies, IGDS systems allow clinicians to perform complex procedures with a higher degree…
Textile Sizing Chemicals Market: Growing Demand for High-Performance and Sustain …
Introduction
Textile sizing chemicals play a crucial role in the textile manufacturing chain, particularly during the weaving process. Sizing is the step where yarns-especially warp yarns-are coated with a protective adhesive film to improve strength, reduce friction, minimize hairiness, and lower breakage during weaving. This process enhances weaving efficiency and yields higher-quality fabrics with improved texture, durability, and uniformity. Without sizing chemicals, modern high-speed looms would not be able to achieve…
2-Ethylhexanoic Acid Market Trends Transforming the Industrial Chemicals Landsca …
Introduction
2-Ethylhexanoic Acid (2-EHA) is a widely used organic carboxylic acid known for its clear-to-yellowish appearance, mild odor, and excellent solubility in organic solvents. With strong chemical stability, high boiling point, and the ability to react with metals and alcohols to form esters or metal salts, 2-EHA serves as a versatile intermediate in several industrial applications. The global market for 2-EHA is deeply influenced by trends in downstream industries such as…
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…
