Europe Predictive Maintenance Market - Industry Trends and Forecast to 2027

Europe Predictive Maintenance Market - Industry Trends and Forecast to 2027

Short Description

Europe Predictive Maintenance Market, By Components (Solution, Services), Deployment Mode (Cloud, On-Premise), Organisation Size (Large Enterprises, Small & Medium-Sized Enterprises), Vertical (Manufacturing, Energy and Utilities, Transportation, Government, Healthcare, Aerospace & Defense, Others), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Netherlands, Belgium, Switzerland and Rest of Europe) Industry Trends and Forecast to 2027

Market Definition

Predictive maintenance is a technique that uses condition-monitoring software and techniques to track equipment output during normal service in order to identify and correct potential faults before they resulted in failure. Ideally, predictive maintenance enables the maintenance frequency to be as minimal as possible to avoid unplanned reactive maintenance, while incurring costs associated with too much proactive maintenance. Predictive maintenance utilizes condition-monitoring equipment to assess the efficiency of the asset in real time. The internet of things (IoT) is a key element of this method. Internet of things (IoT) relies on predictive maintenance sensors to track, make sense of and classify areas that need care.

Market Segmentation

The predictive maintenance market is segmented on the basis of components, deployment mode, organisation size and vertical.
• On the basis of components, the predictive maintenance market is segmented into solution and services
• On the basis of deployment mode, the predictive maintenance market is segmented into cloud and on-premise
• On the basis of organization size, the predictive maintenance market is segmented into large enterprises and small and medium-sized enterprises
• On the basis of vertical, the predictive maintenance market is segmented into manufacturing, energy and utilities, transportation, government, healthcare, aerospace & defense and others

Market Players

The major players operating in the Europe predictive maintenance market are:

• IBM Corporation
• SAP SE
• Microsoft
• PTC
• Siemens
• GENERAL ELECTRIC
• Schneider Electric
• Software AG
• C3.ai, Inc.
• DINGO Software Pty. Ltd.
• Splunk Inc.
• Oracle
• Amazon Web Services, Inc. (a subsidiary of Amazon)
• Hitachi, Ltd.
• ABB
• Huawei Technologies Co., Ltd.
• Intel Corporation
• SKF


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