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Predictive Maintenance Market by Component, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2021

Predictive Maintenance Market: Global Forecast until 2021

  • March 2017
  • 114 pages
  • ID: 4775355
In this report:
North America was the largest market in 2016, with an estimated market share of ##.##%, and it is expected to grow at a CAGR of ##.##% from 2016 to 2021.
The maintenance and support segment is expected to grow the fastest during the forecast period, at a CAGR of ##.##% to USD ##.## million by 2021 (from USD ##.## million in 2016).
The solutions segment had the largest market share (##.##%) in 2016 and is expected to grow at a CAGR of ##.##% during the forecast period.

Summary

Table of Contents

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"The growth in demand for reducing asset downtime has fueled the sector demand for predictive maintenance market"

The predictive maintenance market size is forecasted to grow from $1404.30M in 2016 to $4904.00M by 2021, at a Compound Annual Increase rate of 28.40 percent during the forecast period. Factors, including the lowering maintenance cost with reduced downtime and widespread of Internet of Things are anticipated to growth the market demand for predictive maintenance solutions & services. On the other hand, lack of training and trust for predictive maintenance are the main factors restraining the increase of the market.

"Support and Maintenance services to grow at the highest CAGR (Compound annual growth rate) during the outlook period"

The support and maintenance services segment is forecasted to grow at the highest compound annual growth rate (CAGR) during the estimate period. The increase in the industry demand for support and maintenance services is anticipated to witness traction in Asia Pacific (APAC), Middle East (ME) & African continent and Latin American regions, as predictive maintenance software solutions are dependent on the combination of technology and human skills. Software vendors offer training courses for the employees that last for a few days and are basic in nature. Nevertheless, additional educational is required so that operators can understand and interpret the study from the captured data.

"North America continent to be the biggest market for predictive maintenance during the outlook period"

The North American area maintains the most important share of the predictive maintenance market. The main driver for this area is the growing demand for better monitoring and predictive technology. The U.S.A has the biggest market share in the territory, succeeded by Canada (CA). The european (EU) market is the second biggest market after North America (NA). The european area consists of main increasing economies, including the U.K., Germany (DE), and France (FR), which present great increase opportunities for the predictive maintenance market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up profiles of primary participants is like:

• By Company category: Tier 1 - 25 %, Tier 2 - 15.0 percent ,Tier 3 - 10.0 percent, and Others- 50.0 percent

• By Description: C-suite - 72.0 percent, D-level - 17.0 percent, and Others - 11.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 20.0 percent, and rest of the world - 10.0 percent

The main vendors in the predictive maintenance market contain IBM (NYSE:IBM), SAP SE (SAP), Software AG, General Electric (NYSE:GE), Robert Bosch, Rockwell Automation (NYSE:ROK), PTC, Warwick Analytics, RapidMiner, and SKF.

Segment Research

The study includes detailed competitive review of these main actors in the predictive maintenance market, with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the predictive maintenance market by component, deployment, organization size, vertical, and area.

Reasons to Buy the Report

The predictive maintenance market has been broken down by service, deployment, organization size, market vertical, and area. The analysis will facilitate industry top players/new sector entrants in this industry in these ways:

1. The document breaks down the predictive maintenance market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split across several verticals and localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to position their businesses better. There is a separate division on opposing landscape, including competitor ecosystem and mergers & acquisitions. Also, there are company profiles of 13 players offering services in this sector. Moreover, industry internals are provided in this part, detailing what can put them ahead of the competitors.

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