Press release
Predictive Maintenance Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Microsoft, IBM, SAP, SAS Institute, Software AG, TIBCO Software, GE, Schneider Electric, PTC
Predictive Maintenance Global Market Report
The Business Research Company's Predictive Maintenance Global Market Report 2023 identifies the growing demand to reduce maintenance costs, equipment failure and downtime is significantly contributing to the growth of the predictive maintenance market. Equipment downtime refers to the duration in which particular equipment is not in operation due to unplanned equipment failure. Frequent equipment failure and unplanned downtime of large equipment are hampering the business operations due to a temporary halt of production activities, idle staff time, financial penalties, and others.
The global predictive maintenance market size grew from $5.82 billion in 2022 to $7.54 billion in 2023 at a compound annual growth rate (CAGR) of 29.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The predictive maintenance market size is expected to grow to $20.92 billion in 2027 at a CAGR of 29.1%.
Download Free Sample Of Predictive Maintenance Market Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6687&type=smp
Major players in the predictive maintenance market are Microsoft, IBM, SAP, SAS Institute, Software AG, TIBCO Software, GE, Schneider Electric, PTC, C3 AI Inc., Uptake Technologies Inc., Asystom, Engineering Consultants Group Inc., HPE, Altair, Splunk, Oracle, Hitachi, AWS, Reliability Solutions Sp zoo, Expert Microsystems Inc., Fiix Inc., Operational Excellence (Opex) Group Ltd., Sigma Industrial Precision, SparkCognition, and Honeywell International Inc.,
A key trend in the Predictive Maintenance market includes the adoption of advanced technology is a key trend gaining popularity in the predictive maintenance market. Major companies operating in the predictive maintenance market are focused on providing technologically advanced predictive maintenance solutions to meet the technical demands of end customers and strengthen their market position.
Read More On The Global Predictive Maintenance Market Report Here:
https://www.thebusinessresearchcompany.com/report/predictive-maintenance-global-market-report
The Predictive Maintenance market is segmented -
1) By Component: Solutions, Service
2) By Deployment Mode: On-premises, Cloud
3) By Stakeholder: MRO, OEM/ODM, Technology Integrators
4) By Application: Heavy Machinery, Small Machinery, Other Applications
5) By End User: Aerospace & Defense, Automotive & Transportation, Energy & Utilities, Healthcare, IT & Telecommunication, Manufacturing, Oil & Gas, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Predictive Maintenance market.
The Business Research Company's "Global Predictive Maintenance Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Predictive Maintenance Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6687
The Table Of Content For The Predictive Maintenance Market Include:
1. Executive Summary
2. Predictive Maintenance Market Characteristics
3. Predictive Maintenance Market Trends And Strategies
4. Predictive Maintenance Market - Macro Economic Scenario
5. Predictive Maintenance Market Size And Growth
……
27. Predictive Maintenance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Predictive Maintenance Market
29. Predictive Maintenance Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Microsoft, IBM, SAP, SAS Institute, Software AG, TIBCO Software, GE, Schneider Electric, PTC here
News-ID: 3193343 • Views: …
More Releases from The Business research company
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
Increasing Popularity Of Adventure Tourism And Outdoor Sports Due To Growing Dem …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Climbing Helmet Market Through 2025?
The market size of climbing helmets has significantly expanded in the past few years. This market is projected to rise from $1.23 billion in 2024 to $1.31 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Ceramic Floor Tiles And Wall Tiles Market on Track for Strong Growth, Estimated …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Ceramic Floor Tiles And Wall Tiles Market Through 2025?
The market for ceramic floor and wall tiles has shown robust growth over the recent past. The market value is set to surge from $74.02 billion in 2024 to $78.88 billion in 2025,…
Top Market Shifts Transforming the Cement Manufacturing Equipment Market Landsca …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Cement Manufacturing Equipment Market Through 2025?
The market for cement manufacturing equipment has seen significant expansion over the past few years. The sector was valued at $10.08 billion in 2024 and is expected to reach $10.76 billion in 2025, with a compound…
More Releases for Predictive
Predictive Maintenance Market to Hit USD 111.30 Billion By 2030, Boosting Equipm …
✎ Market Overview:
The global Predictive Maintenance Market is experiencing rapid growth, driven by the increasing adoption of Industry 4.0 technologies and a strong focus on cost efficiency and operational productivity. Predictive maintenance (PdM) uses data analysis tools and techniques to detect anomalies in equipment and predict possible failures, allowing for timely maintenance that minimizes downtime and extends asset life. As industrial sectors shift toward digital transformation, the use of artificial…
Emerging Trends Influencing The Growth Of The Predictive Maintenance Market: Enh …
The Predictive Maintenance Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Predictive Maintenance Market?
The market size of predictive maintenance has experienced significant growth in the past few years. The projections suggest an increase from $9.3 billion in 2024…
Emerging Predictive Biomarkers Market Driver 2025-2034: Rising Cancer Cases To B …
How Is the Predictive Biomarkers Market Projected to Grow, and What Is Its Market Size?
In recent times, the size of the predictive biomarkers market has witnessed consistent growth. It is projected to expand from $20.05 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the past could be associated with factors such as the rise in research and…
Manufacturing Predictive Analytics Market to Reach USD 2.52 Billion |Revolutioni …
Advent of Industry 4.0, evolution of IIoT, and rise in operational efficiencies from big data initiatives fuel the growth of the global manufacturing predictive analytics market. On the other hand, dearth of skilled workforce and threat of cyber-attack restrain the growth to some extent. Nevertheless, development of smart data-driven organizations and interference of artificial intelligence (AI) into manufacturing are expected to create multiple opportunities in the near future.
The report…
Predictive Maintenance Market to Grow at 28.8% CAGR | Predictive Maintenance Pio …
According to a recent report published by Allied Market Research, titled, "Predictive maintenance market by component, technique, deployment type, stakeholder, and industry vertical: opportunity analysis and industry forecast, 2020-2027,"the global predictive maintenance market size was valued at $4,331.56 million in 2019, and is projected to reach $31,965.49 million by 2027, growing at a CAGR of 28.8% from 2020 to 2027.
On the basis of deployment model, the on-premise segment…
Healthcare Predictive Analytics Market Size to Hit $74.62 Billion by 2028 | Heal …
Market Overview:
According to our experience research team, Healthcare Predictive Analytics Market was valued at USD 20.16 Billion in 2021, and the global Healthcare Predictive Analytics industry is projected to reach a value of USD 74.62 Billion by 2028, at a CAGR of 27% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,…
