New York, Aug. 24, 2022 (GLOBE NEWSWIRE) -- According to the report published by Next Move Strategy Consulting, the global predictive maintenance market generated USD 5.66 billion in 2021, and is expected to reach USD 64.25 billion by 2030, witnessing a CAGR of 27.4% from 2022 to 2030. The report also provides an extensive analysis of changing market dynamics along with detailed segmentation of the market. In addition, the report highlights the competitive scenario.
Covering an extensive scenario of the market into 241 pages along with 190 tables and 164 figures, the research provides a detailed analysis of each and every aspect of the predictive maintenance industry. The report also analyzes the Covid-19 pandemic impact on the market to help market players and investors in adapting the strategies to be adopted post-pandemic to achieve growth.
Request a free sample: https://www.nextmsc.com/predictive-maintenance-market/request-sample
| Report Coverage | Details |
| Forecast Period | 2022–2030 |
| Base Year | 2021 |
| Market Size in 2021 | USD 5.66 Billion |
| Market Size in 2030 | USD 64.25 Billion |
| CAGR | 27.4% |
| No. of Pages | 241 |
| Tables | 190 |
| Figures | 164 |
| Segments covered | Component, Deployment Model, Technique, Stakeholder, Industry Vertical, and Geography. |
| Drivers | Benefits such as increase in uptime, reduction in maintenance costs, and decrease in repair and overhaul time |
| Ability to extend lifetime of aging assets | |
| Opportunities | Emergence of industrial internet of things (IIoT) and utilization of machine learning |
| Rise in demand for predictive maintenance software for predicting embryonic assets failure and prevent loss |
The report provides a detailed analysis of changing market dynamics with the help of driving forces, restrains, and opportunities in the coming years. Benefits such as increase in uptime, reduction in maintenance costs, and decrease in repair and overhaul time drive the growth of the global predictive maintenance market. In addition, ability to extend lifetime of aging assets supplements the market growth. However, high cost related to installation and misinterpretation of the data that may lead to discrepancies restrain the market growth.
Outlining the opportunities that enable leading players to expand their predictive maintenance market share in the coming years, the Lead Analyst for the ICT & Media at Next Move Strategy Consulting, highlighted, “The emergence of industrial internet of things (IIoT) and utilization of machine learning presents new opportunities. In addition, rise in demand for predictive maintenance software for predicting embryonic assets failure and prevent loss create new avenues in the coming years.”
Buy this report directly from here: https://www.nextmsc.com/report/predictive-maintenance-market
The report offers a detailed segmentation of the global predictive maintenance market based on component, deployment model, technique, stakeholder, industry vertical, and region. Based on component, the research bifurcates the market into solution and service. Based on deployment model, the research classifies the market into cloud and on-premise. By technique, the report further divides the market into vibration monitoring, oil analysis, electrical testing, shock pulse, ultrasonic leak detectors, infrared, and others.
On the basis of stakeholder, the report further segments the market into MRO, OEM/ODM, and technology integrators. By industry vertical, the report classifies the market into manufacturing, aerospace & defense, energy & utilities, government, transportation & logistics, and others.
Need a customized report, get in touch with us here: https://www.nextmsc.com/contact
Based on geography, the report further classifies the global predictive maintenance market into North America, Europe, Asia-Pacific, and RoW. Based on report, North America contributed to the largest share in 2021, and will maintain its dominance during the forecast period. This is attributed to the presence of huge number of service vendors, technological advancements, and surge in awareness about predictive maintenance. Contrarily, Asia-Pacific is projected to grow steadily throughout the forecast period, owing to adoption of technological innovations to achieve maximum output.
The report analyzes each segment and sub-segment based on these regions and their respective countries. This analysis helps market players in determining the steps to be taken to devise strategies and gain the competitive edge in the global predictive maintenance market.
If you have any queries, you can enquire before purchasing: https://www.nextmsc.com/predictive-maintenance-market/inquire-before-buying
The report provides a detailed analysis of leading players of the global predictive maintenance market. The market players analyzed in the research include Asystom, Engineering Consultants Group, Inc., C3.ai, Inc., Fiix, Inc., Expert Microsystems, Inc., Sigma Industrial Precision, Operational Excellence (OPEX) Group Ltd., TIBCO Software, Inc., Spark Cognition, General Electric, Hitachi, Ltd., Uptake Technologies, Inc., Microsoft Corporation, International Business Machines Corporation (IBM), PTC, Inc. The research provides top strategies and developments, business performance, product portfolio, and sales value of each player.
Buy a full report here: https://www.nextmsc.com/report/predictive-maintenance-market
Also, Browse Related Reports:
Industrial Robotics Market by Type (Articulated Robots, Cylindrical Robots, Selective Compliant Assembly Robot Arm (SCARA) Robots, Cartesian Robots, and Other Types), by End user (Automotive, Electrical & Electronics, Chemical, Rubber & Plastics, Machinery, Metals, Food & Beverages, Precision & Optics, and Others), by Function (Soldering & Welding, Materials Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing, and Others) and Geography - Global Opportunity Analysis and Industry Forecast, 2022–2030
Artificial Intelligence (AI) Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), by Application (Natural Language Processing (NLP), Robotic Process Automation, Computer Vision, Network Security, and Others), by Architecture (System-on-Chip (SoC), System-in-Package (SIP), Multi-chip Module, and Others), by Processing Type (Edge and Cloud), by End User (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive, and Others) - Global Opportunity Analysis and Industry Forecast, 2020–2030
Healthcare Predictive Analytics Market by Component (Software, Services, Hardware) by Application (Clinical, Financial, Operational and Administrative, Population Health) by End User (Payers, Providers) Global Opportunity Analysis and Industry Forecast, 2020–2030
About Us:
Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analyzed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top quality research and the obsession of turning data into knowledge by dissecting every bits of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enable them to move beyond time and have competitive edge in the industry.
We have been servicing over 1,000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
