Press release
Operational Predictive Maintenance Market : Reflect Significant Incremental Opportunity of US$ 3.1 Billion Value by 2024
Report overview @ https://www.persistencemarketresearch.com/market-research/operational-predictive-maintenance-market.asp
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.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/10394
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.
Get Full Report now @ https://www.persistencemarketresearch.com/checkout/10394
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.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 Operational Predictive Maintenance Market : Reflect Significant Incremental Opportunity of US$ 3.1 Billion Value by 2024 here
News-ID: 883410 • Views: …
More Releases from Persistence Market Research
Point of Sale Automation System Industry Forecasted to Grow at a 9.8% CAGR, Surp …
Overview of the Point of Sale Automation System Market
The global Point of Sale (POS) Automation System Market is witnessing a transformative phase as businesses worldwide embrace digital payment technologies and automated transaction systems. The market is projected to be valued at US$ 19.3 billion in 2025 and is expected to reach US$ 37.2 billion by 2032, registering an impressive CAGR of 9.8% during the forecast period (2025-2032). This growth reflects…
Commercial Kitchen Ventilation System Market, Driving Clean Air and Energy Effic …
The global Commercial Kitchen Ventilation System Market plays an indispensable role in maintaining air quality, safety, and comfort across restaurants, hotels, cafeterias, and industrial kitchens. These systems effectively remove heat, smoke, grease, and airborne contaminants generated during cooking, ensuring compliance with environmental and health standards. With the rising emphasis on sustainable building design and energy-efficient ventilation, the demand for advanced kitchen ventilation solutions has surged across the globe. From energy…
DC-DC Converter Market to Reach USD 22.6 Billion by 2032, Registering a 9% CAGR …
Overview of the DC-DC Converter Market
The global DC-DC converter market is poised for significant expansion, projected to reach USD 12.5 billion in 2025 and further climb to USD 22.6 billion by 2032, reflecting a robust CAGR of 9% during the forecast period (2025-2032). This strong growth trajectory is underpinned by the rapid adoption of electric vehicles (EVs), the expansion of renewable energy systems, and the burgeoning demand for power-efficient data…
Railway Roof Switches Market Valued at US$182.5 Million in 2024, Anticipated to …
The latest market analysis report released by Persistence Market Research projects a promising outlook for the global Railway Roof Switches Market, which is forecast to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The market, currently valued at US$182.5 million in 2024, is expected to reach an impressive US$263.7 million by 2031. The comprehensive report provides in-depth insights into the market's dynamics, competitive landscape,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
