Predictive Maintenance Market, By Component (Solutions and Services), By Deployment Model (On-premise and Cloud), By Vertical (Manufacturing, Healthcare, Government, Transportation & logistics, and Others (Automotive and Aerospace and Defence)), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI26919 | Publish Date: March 2024 | No. of Pages: 168

Global Predictive Maintenance Market By Overview

Introduction:

Predictive maintenance (PdM) is special technique designed in order to help the end users to estimate need of equipment maintenance, before its failure. Predictive maintenance requires extremely skilled and experienced workers to accurately operate condition of equipment monitoring data. Predictive maintenance offers various advantages such as, increased plant safety and equipment lifetime, optimized handling of spare parts, and lesser number of accidents with negative impact on environment. The main purpose of predictive maintenance is to prevent unexpected failures of the equipment’s by providing right information in correct time. It requires skilled workers to operate condition of equipment monitoring data. Predictive maintenance used to increase safety of the plant as well as equipment. It offers advantage of lesser number of accidents with negative impact on environment. The global predictive maintenance market accounted for US$ 3.19 billion in 2020 and is estimated to be US$ 40.91 billion by 2030 and is anticipated to register a CAGR of 28.5%.

Global Predictive Maintenance Market By Dynamics

Significant decrease in the operation and maintenance cost, across the globe particularly in developing countries is primary factor expected to drive growth of the global predictive maintenance market over the forecast period. In addition, increasing need for the transforming maintenance, coupled with rising concepts such as the Internet of Things (IoT) across the globe are major factors expected to boost growth of the target market over the forecast period. In order to gain competitive edge to support growth of the global predictive maintenance market, key players operating in the market are focusing on reduction of the operational cost.

However, lack of skilled operators is a key factor restraining growth of the global predictive maintenance market in the near future.

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Global Predictive Maintenance Market By Segmentation

The predictive maintenance market is segmented based on component, deployment model, vertical, and region.

The component segment includes solutions and services. The deployment model segment is further sub segmented into on-premise and cloud. On the basis of vertical the global predictive maintenance market has been segmented as manufacturing, healthcare, government, transportation & logistics, and others. Others segment includes automotive and aerospace & defence.

Regional Insights:

The predictive maintenance market accounted for US$ 3.19 billion in 2020 and is estimated to be US$ 40.91 billion by 2030 and is anticipated to register a CAGR of 28.5%. On region the global predictive maintenance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for major revenue share in global predictive maintenance market, followed by markets in another region. Presence of large number of solution as well as service vendors, particularly in countries such as U.S. and Canada are a key factor expected to support growth of the North America market over the forecast period. Asia Pacific predictive maintenance market accounted for second-highest market share, owing to technological advancements, coupled with the expansion of internet connectivity in the countries especially in China and India of this region. The market in Europe is expected to grow at significant pace over the forecast period.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2029

Market Segmentation

By Component- Solutions and Services  

By Deployment Model– On-Premise and Cloud  

By Vertical– Manufacturing, Healthcare, Government, Transportation & Logistics, and Others (Automotive and Aerospace & Defence)

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global predictive maintenance market report based on component, deployment model, vertical, and region.

Predictive Maintenance Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Predictive Maintenance Market By Key Players

The key players operating in the global predictive maintenance market includes Augury Systems, Bosch Software Innovations GmbH, Dell, Inc., Fluke Corporation, General Electric Company, Hitachi, Ltd., Honeywell International, Inc., IBM Corporation, PTC., Inc., Rapidminer, Inc., Rockwell Automation, Inc., and SAP SE. Strategic partnerships is a key trend witnessed in the global predictive maintenance market.

Global Predictive Maintenance Market By Company Profile

  • Augury Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bosch Software Innovations GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dell, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluke Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Electric Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hitachi, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PTC, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rapidminer, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rockwell Automation, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SAP SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Predictive Maintenance Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Component
      • Market Snippet, By Deployment Model
      • Market Snippet, By Vertical
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Solutions
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Services
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Deployment Model , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • On-premise
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cloud 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Vertical , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Manufacturing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Healthcare
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Government
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transportation & Logistics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others (Automotive and Aerospace and Defence)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Deployment Model , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vertical , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Deployment Model , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vertical , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Deployment Model , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vertical , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Deployment Model , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Vertical , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Deployment Model , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Vertical , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Augury Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bosch Software Innovations GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dell, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fluke Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • General Electric Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hitachi, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PTC, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rapidminer, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rockwell Automation, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SAP SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global predictive maintenance market is segmented based on component, deployment model, vertical, and region.

Significant decrease in the operation and maintenance cost across the globe is major factor expected to drive growth of the global predictive maintenance market.

North America currently dominates the market for predictive maintenance and is expected to continue its strong hold for a few more years.

Key players operating in the global predictive maintenance market includes Augury Systems, Bosch Software Innovations GmbH, Dell, Inc., Fluke Corporation, General Electric Company, Hitachi, Ltd., Honeywell International, Inc., IBM Corporation, PTC., Inc., RapidMiner, Inc., Rockwell Automation, Inc., and SAP SE.