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  3. > Operational Predictive Maintenance Market by Solution, by Service , by Application Area, by Region - Global Forecast to 2020

“Rise in demand for reducing asset downtime has fueled the growth of the operational predictive maintenance market”

The operational predictive maintenace market size is expected to grow from USD 582.3 million in 2015 to USD 1,884.3 million by 2020, at a Compound Annual Growth Rate (CAGR) of 26.5%. The need to lower maintenance costs with reduced down time and Internet of Things (IoT) is expected to increase the demand for operational predictive maintenance solutions and services.

“Training and support services segment to grow at the highest CAGR during the forecast period”

The training and support services segment is estimated to grow at the highest CAGR duing the forecast period. The rise in the demand for training and support services is expected to witness traction in the APAC, MEA, and Latin America regions, as the predictive maintenance software solutions are dependent on the combination of technology and human skill. The software vendors provide training courses for the employees that last a few days and are basic in nature; but additional educational is required so that operators can understand and interpret the analysis from the captured data.

“North America to be the largest market for operational predictive maintenance during the forecast period”

The North American region holds the largest share of the operational predictive maintenance market. The major driver for this region is the increasing demand for a better monitoring and predictive technology. The U.S. has the largest market share in the region, followed by Canada. The European market is the second largest market after North America. The region consists of major growing economies such as the U.K., Germany, and France, which present great growth opportunities for the operational predictive maintenance market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

Break-up of profile of primary participants is as follows:

- By Company Type: Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
- By Designation: C level – 60%, Director level – 25%, Others – 15%
- By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

The various key operational predictive maintenance vendors profiled in the report are as follows:

1. IBM Corporation
2. Software AG
3. SAS Institute, Inc.
4. General Electric
5. Bosch
6. Rockwell Automation, Inc.
7. PTC
8. Schneider Electric
9. SKF
10. Emaint Enterprises, LLC

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the operational predictive maintenance market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different application area and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their positions in the business. The competitive landscape section includes competitor ecosystem, new product develpoments, partnerships, and mergers and acquisitions.

Table Of Contents

Operational Predictive Maintenance Market by Solution, by Service , by Application Area, by Region - Global Forecast to 2020
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 LIMITATIONS 14
1.6 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 Key data from secondary sources 16
2.1.2 PRIMARY DATA 16
2.1.2.1 Key data from primary sources 17
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primary interviews 18
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 20
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL OPERATIONAL PREDICTIVE MAINTENANCE MARKET 26
4.2 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT TYPE 26
4.3 OPERATIONAL PREDICTIVE MAINTENANCE GLOBAL MARKET: BY APPLICATION AREA AND BY REGION 27
4.4 LIFECYCLE ANALYSIS, BY REGION, 2015 28
5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.2 MARKET EVOLUTION 30
5.3 MARKET SEGMENTATION 31
5.3.1 BY COMPONENTS 31
5.3.2 BY SERVICE 31
5.3.3 BY DEPLOYMENT TYPE 31
5.3.4 BY APPLICATION AREA 32
5.3.5 BY REGION 32
5.4 MARKET DYNAMICS 33
5.4.1 DRIVERS 33
5.4.1.1 Help to transform maintenance operations and reduce asset downtime 33
5.4.1.2 Big data and IoT driving the market 34
5.4.2 RESTRAINTS 34
5.4.2.1 Lack of training for operators 34
5.4.2.2 Lack of trust in predictive maintenance technologies 35
5.4.3 OPPORTUNITIES 35
5.4.3.1 Increasing demand for real-time streaming analytics 35
5.4.3.2 Increasing demand from small and medium enterprises 36
5.4.4 CHALLENGES 36
5.4.4.1 Predictive maintenance may not form a part of the overall maintenance process 36
6 INDUSTRY TRENDS 37
6.1 INTRODUCTION 37
6.2 VALUE CHAIN ANALYSIS 37
6.3 STRATEGIC BENCHMARKING 38
6.4 INNOVATION SPOTLIGHT 39
7 OPERATIONAL PREDICTIVE MAINTENANCE MARKET ANALYSIS,
BY COMPONENT 40
7.1 INTRODUCTION 41
7.2 SOLUTIONS 42
7.3 SERVICES 43
7.3.1 SYSTEM INTEGRATION 44
7.3.2 TRAINING AND SUPPORT 44
7.3.3 CONSULTING 46
8 OPERATIONAL PREDICTIVE MAINTENANCE MARKET ANALYSIS,
BY DEPLOYMENT TYPE 47
8.1 INTRODUCTION 48
8.2 CLOUD 49
8.3 ON-PREMISES 50

9 OPERATIONAL PREDICTIVE MAINTENANCE MARKET ANALYSIS,
BY APPLICATION AREA 51
9.1 INTRODUCTION 52
9.2 AUTOMOTIVE 53
9.3 ENERGY AND UTILITIES 54
9.4 HEALTHCARE 54
9.5 MANUFACTURING 55
9.6 GOVERNMENT AND DEFENSE 56
9.7 TRANSPORTATION AND LOGISTICS 57
9.8 OTHERS 58
10 REGIONAL ANALYSIS 59
10.1 INTRODUCTION 60
10.2 NORTH AMERICA 62
10.3 EUROPE 65
10.4 ASIA-PACIFIC (APAC) 67
10.5 MIDDLE EAST AND AFRICA (MEA) 70
10.6 LATIN AMERICA 72
11 COMPETITIVE LANDSCAPE 74
11.1 OVERVIEW 74
11.2 COMPETITIVE SITUATION AND TRENDS 75
11.2.1 NEW PRODUCT LAUNCHES 76
11.2.2 MERGERS AND ACQUISITIONS 77
11.2.3 NEW ALLIANCES, CONTRACTS, PARTNERSHIPS, AND AGREEMENTS 77
11.2.4 EXPANSIONS 78

12 COMPANY PROFILES 79
(Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1 INTRODUCTION 79
12.2 IBM CORPORATION 80
12.3 SOFTWARE AG 83
12.4 SAS INSTITUTE, INC. 86
12.5 GENERAL ELECTRIC 89
12.6 BOSCH 92
12.7 ROCKWELL AUTOMATION, INC. 95
12.8 PTC 97
12.9 SCHNEIDER ELECTRIC 99
12.10 SKF 101
12.11 EMAINT ENTERPRISES, LLC 103
*Details on Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 105
13.1 INDUSTRY EXPERTS 105
13.2 DISCUSSION GUIDE 106
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 109
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 111
13.5 RELATED REPORTS 112

LIST OF TABLES

TABLE 1 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE AND GROWTH RATE, 2013-2020 (USD MILLION, YOY %) 24
TABLE 2 DRIVERS: IMPACT ANALYSIS 34
TABLE 3 RESTRAINTS: IMPACT ANALYSIS 35
TABLE 4 OPPORTUNITIES: IMPACT ANALYSIS 36
TABLE 5 CHALLENGES: IMPACT ANALYSIS 36
TABLE 6 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT,
2013-2020 (USD MILLION) 41
TABLE 7 SOLUTIONS: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 42
TABLE 8 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE,
2013-2020 (USD MILLION) 43
TABLE 9 SYSTEM INTEGRATION: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 44
TABLE 10 TRAINING AND SUPPORT: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 45
TABLE 11 CONSULTING: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY REGION, 2013-2020 (USD MILLION) 46
TABLE 12 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 48
TABLE 13 CLOUD: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 49
TABLE 14 ON-PREMISES: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY REGION, 2013-2020 (USD MILLION) 50
TABLE 15 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY APPLICATION AREA, 2013-2020 (USD MILLION 52
TABLE 16 AUTOMOTIVE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY REGION, 2013-2020 (USD MILLION) 53
TABLE 17 ENERGY AND UTILITIES : OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 54
TABLE 18 HEALTHCARE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY REGION, 2013-2020 (USD MILLION) 55
TABLE 19 MANUFACTURING: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY REGION, 2013-2020 (USD MILLION) 55
TABLE 20 GOVERNMENT AND DEFENSE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 56
TABLE 21 TRANSPORTATION AND LOGISTICS: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 57
TABLE 22 OTHERS: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 58
TABLE 23 OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 61
TABLE 24 NORTH AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY COMPONENT, 2013-2020 (USD MILLION) 63
TABLE 25 NORTH AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY SERVICE, 2013-2020 (USD MILLION) 63
TABLE 26 NORTH AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 64
TABLE 27 NORTH AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY APPLICATION AREA, 2013-2020 (USD MILLION) 64
TABLE 28 EUROPE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY COMPONENT, 2013-2020 (USD MILLION) 65
TABLE 29 EUROPE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2013-2020 (USD MILLION) 65
TABLE 30 EUROPE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 66
TABLE 31 EUROPE: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY APPLICATION AREA, 2013-2020 (USD MILLION) 66
TABLE 32 ASIA-PACIFIC: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY COMPONENT, 2013-2020 (USD MILLION) 68
TABLE 33 ASIA-PACIFIC: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY SERVICE, 2013-2020 (USD MILLION) 68
TABLE 34 ASIA-PACIFIC: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 69
TABLE 35 ASIA-PACIFIC: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY APPLICATION AREA, 2013-2020 (USD MILLION) 69
TABLE 36 MIDDLE EAST AND AFRICA: OPERATIONAL PREDICTIVE MARKET SIZE, BY COMPONENT, 2013-2020 (USD MILLION) 70
TABLE 37 MIDDLE EAST AND AFRICA: OPERATIONAL PREDICTIVE MARKET SIZE, BY SERVICE, 2013-2020 (USD MILLION) 70
TABLE 38 MIDDLE EAST AND AFRICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 71
TABLE 39 MIDDLE EAST AND AFRICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE, BY APPLICATION AREA, 2013-2020 (USD MILLION) 71
TABLE 40 LATIN AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY COMPONENT, 2013-2020 (USD MILLION) 72
TABLE 41 LATIN AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY SERVICE, 2013-2020 (USD MILLION) 72
TABLE 42 LATIN AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY DEPLOYMENT TYPE, 2013-2020 (USD MILLION) 73
TABLE 43 LATIN AMERICA: OPERATIONAL PREDICTIVE MAINTENANCE MARKET SIZE,
BY APPLICATION AREA, 2013-2020 (USD MILLION) 73
TABLE 44 NEW PRODUCT LAUNCHES, 2013-2015 76
TABLE 45 MERGERS AND ACQUISITIONS, 2013-2015 77
TABLE 46 NEW ALLIANCES, CONTRACTS, PARTNERSHIPS, AND AGREEMENTS, 2012-2015 77
TABLE 47 EXPANSIONS, 2013-2015 78

LIST OF FIGURES

FIGURE 1 GLOBAL OPERATIONAL PREDICTIVE MAINTENANCE MARKET: RESEARCH DESIGN 15
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
AND REGION 18
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 19
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 20
FIGURE 5 DATA TRIANGULATION 21
FIGURE 6 SERVICES SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 24
FIGURE 7 SYSTEM INTEGRATION SERVICES SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE FROM 2015 TO 2020 24
FIGURE 8 NORTH AMERICA IS EXPECTED TO HOLD THE LARGEST SHARE OF THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET IN 2015 25
FIGURE 9 INCREASED DEMAND FOR CLOUD-BASED SOLUTIONS WILL BOOST THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 26
FIGURE 10 CLOUD DEPLOYMENT TYPE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 26
FIGURE 11 GOVERNMENT AND DEFENSE APPLICATION AREA AND NORTH AMERICA TO HOLD THE LARGEST SHARE OF THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 27
FIGURE 12 ASIA-PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 28
FIGURE 13 EVOLUTION OF THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 30
FIGURE 14 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY COMPONENTS 31
FIGURE 15 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY SERVICE 31
FIGURE 16 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT TYPE 31
FIGURE 17 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY APPLICATION AREA 32
FIGURE 18 OPERATIONAL PREDICTIVE MAINTENANCE MARKET, BY REGION 32
FIGURE 19 OPERATIONAL PREDICTIVE MAINTENANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 33
FIGURE 20 OPERATIONAL PREDICTIVE MAINTENANCE MARKET: VALUE CHAIN 37
FIGURE 21 STRATEGIC BENCHMARKING: NEW PRODUCT LAUNCHES AND PARTNERSHIPS OF TOP VENDORS 38
FIGURE 22 SERVICES SEGMENT IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 41
FIGURE 23 TRAINING AND SUPPORT SERVICES EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 43
FIGURE 24 CLOUD DEPLOYMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 48
FIGURE 25 MANUFACTURING VERTICAL EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 52
FIGURE 26 ASIA-PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CARG IN THE GLOBAL OPERATIONAL PREDICTIVE MAINTENANCE MARKET DURING THE FORECAST PERIOD 60
FIGURE 27 REGIONAL SNAPSHOT: ASIA-PACIFIC IS THE EMERGING REGION IN THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 61
FIGURE 28 NORTH AMERICA MARKET SNAPSHOT: PRESENCE OF KEY VENDORS IN THE REGION IS A MAJOR FACTOR CONTRIBUTING TOWARDS THE GROWTH OF THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 62
FIGURE 29 ASIA-PACIFIC MARKET SNAPSHOT: RISING DEMAND FOR LOWERING OPERATIONAL COST AMONG VERTICALS IS A MAJOR FACTOR CONTRIBUTING TOWARDS THE GROWTH OF THE OPERATIONAL PREDICTIVE MAINTENANCE MARKET 67
FIGURE 30 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS THE KEY GROWTH STRATEGY OVER THE PAST FOUR YEARS 74
FIGURE 31 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCHES FUELED GROWTH FROM 2013 TO 2015 75
FIGURE 32 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY 76
FIGURE 33 GEOGRAPHIC MIX 79
FIGURE 34 IBM CORPORATION: COMPANY SNAPSHOT 80
FIGURE 35 IBM CORPORATION: SWOT ANALYSIS 82
FIGURE 36 SOFTWARE AG: COMPANY SNAPSHOT 83
FIGURE 37 SOFTWARE AG: SWOT ANALYSIS 84
FIGURE 38 SAS INSTITUTE, INC.: COMPANY SNAPSHOT 86
FIGURE 39 SAS INSTITUTE, INC.: SWOT ANALYSIS 87
FIGURE 40 GENERAL ELECTRIC: COMPANY SNAPSHOT 89
FIGURE 41 GENERAL ELECTRIC: SWOT ANALYSIS 90
FIGURE 42 BOSCH: COMPANY SNAPSHOT 92
FIGURE 43 BOSCH: SWOT ANALYSIS 93
FIGURE 44 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT 95
FIGURE 45 PTC: COMPANY SNAPSHOT 97
FIGURE 46 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 99
FIGURE 47 SKF: COMPANY SNAPSHOT 101

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