Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Predictive Maintenance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Predictive Maintenance Market to Reach $32 Billion by 2030
The global market for Predictive Maintenance estimated at US$5.6 Billion in the year 2022, is projected to reach a revised size of US$32 Billion by 2030, growing at a CAGR of 24.4% over the analysis period 2022-2030.
Cloud, one of the segments analyzed in the report, is projected to record 28.7% CAGR and reach US$18.1 Billion by the end of the analysis period. Growth in the On-Premise segment is estimated at 20.2% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 30.3% CAGR
The Predictive Maintenance market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 30.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 22.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 443 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.6 Billion |
| Forecasted Market Value (USD) by 2030 | $32 Billion |
| Compound Annual Growth Rate | 24.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Predictive Maintenance - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Plant Asset Maintenance, the Cornerstone for Achieving Excellence in Manufacturing Productivity
- Why Migrate to Predictive Maintenance? What's In It for Companies?
- With Manufacturing Competitiveness Increasing by the Day, PdM is the Right Step Forward Towards to Higher Value, Smart Manufacturing: Global Manufacturing Competitiveness Index (10-100 Index Score) by Country for the Year 2020
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
- Continued High Unemployment Levels Challenges Growth in Industries Reliant on Consumer Discretionary Incomes
- How the Machinery & Manufacturing Automation Industries Are Impacted by the Pandemic & What's the New Normal?
- Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Manufacturing Automation
- The Growing Momentum Towards Manufacturing Automation to Encourage New Pathways to Automating Machine Maintenance: Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Predictive Maintenance: Definition, Scope, Importance, Benefits & Applications
- Recent Market Activity
- Innovations
- World Brands
MARKET TRENDS & DRIVERS
- The Age of Analytics Made More Important by COVID-19 Provides the Cornerstone for the Disruptive Growth of Predictive Maintenance
- Here's How the Rise of "Predictive Analytics" Will Bring the Concept of Predictive Maintenance to Fruition
- Applications of Predictive Analytics Expand from Fraud Detection, Personalized Marketing to Asset Management: Global Investments in Predictive Analytics (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
- Industry 4.0 Pushes Up the Effectiveness of Predictive Maintenance
- Market to Witness Unconventional Growth as Effectiveness of Predictive Analytics in Predicting Failure & Maintenance Event Improves on the Back of IIoT
- Sensors Remain a Critical Component of Predictive Maintenance
- Data Communication Systems, the Backbone for Successful Predictive Maintenance
- Here's How AI Will Revolutionize Predictive Maintenance
- AI Embedded Sensors Vital for Real-Time Fault Detection & Outsmarting Failure
- Growing Investments in AI by Manufacturing Companies Will Promote Innovative Uses of AI in Machine Condition Monitoring: Global AI Investments in Manufacturing (In US$ Billion) for the Years 2019, 2022 and 2025
- Harnessing the Power of Cloud Computing Remains Crucial for Effective Predictive Maintenance
- What Has Blockchain to Offer for Predictive Maintenance?
- Predictive Maintenance for Medical Devices Grows in Popularity as Hospitals Focus on Enhancing Asset Efficiency
- Focus on Smart Fleet Management Drives Adoption of Predictive Maintenance
FOCUS ON SELECT PLAYERS (Total 58 Featured)
- ABB Ltd.
- Bosch Group
- Comarch SA
- Bosch Software Innovations GmbH
- Dell Technologies, Inc.
- AKKA Technologies
- Altizon Inc.
- AllBlock
- Arch Systems
- Arrelic
- Danlex
- Cybus
- Alteria Automation
- Ainsworth
- 3Soft S.A
For more information about this report visit https://www.researchandmarkets.com/r/51iwmh
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