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North America Predictive Maintenance Market Size, Share & Industry Analysis Report By Component (Hardware and Software (Integrated and Standalone)), By Deployment, By Enterprise Size, Based on Technology, By End-use, By Application, By Country and Growth

Publisher Knowledge Based Value (KBV) Research
Published May 12, 2025
Length 163 Pages
SKU # KBV20173117

Description

The North America Predictive Maintenance Market would witness market growth of 28.3% CAGR during the forecast period (2025-2032).

The US market dominated the North America Predictive Maintenance Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $23,096.6 million by 2032. The Canada market is experiencing a CAGR of 30.9% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 30.2% during (2025 - 2032).

The adoption of predictive maintenance solutions is increasing across industries due to the growing emphasis on cost reduction, efficiency improvement, and safety enhancements. The proliferation of IoT-enabled sensors and connected devices has accelerated the adoption of predictive maintenance solutions. These technologies enable real-time monitoring and predictive analytics, making maintenance more efficient and cost-effective.

Moreover, the rise of cloud computing has made predictive maintenance more accessible. Cloud-based platforms allow companies to collect, process, and analyze data remotely, providing real-time insights and reducing infrastructure costs. Industries such as aerospace, healthcare, and oil & gas have stringent regulatory requirements for equipment maintenance and safety. Predictive maintenance helps organizations comply with these standards while reducing risks associated with equipment failures.

The Canadian government's substantial investment in healthcare infrastructure drives the adoption of advanced medical technologies, AI-driven diagnostics, and automated hospital systems. Predictive maintenance solutions are essential for ensuring the continuous operation of critical medical equipment, such as MRI machines, CT scanners, and robotic surgical systems, minimizing unexpected failures. The increasing funding is accelerating the transformation of hospitals into smart healthcare facilities equipped with IoT-enabled medical devices. Predictive maintenance technologies analyze real-time data from medical equipment, allowing hospitals to anticipate maintenance needs, reduce repair costs, and improve patient care efficiency.

Based on Component, the market is segmented into Hardware and Software (Integrated and Standalone). Based on Deployment, the market is segmented into On-premises and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Technology, the market is segmented into IoT, Artificial Intelligence & Machine Learning, Advanced Analytics, Digital Twin, and Other Technology. Based on End-use, the market is segmented into Manufacturing, Energy & Utilities, Logistics & Transportation, IT & Telecom, Military & Defense, and Other End-use. Based on Application, the market is segmented into Condition Monitoring, Predictive Analytics, Remote Monitoring, Asset Tracking, and Maintenance Scheduling. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • IBM Corporation
  • Microsoft Corporation
  • Honeywell International, Inc.
  • Siemens AG
  • GE Vernova Group
  • SAP SE
  • PTC Inc.
  • Schneider Electric SE
  • ABB Ltd.
  • Rockwell Automation, Inc.
North America Predictive Maintenance Market Report Segmentation

By Component
  • Hardware
  • Software
Integrated

Standalone

By Deployment
  • On-premises
  • Cloud
By Enterprise Size
  • Large Enterprises
  • Small & Medium-sized Enterprises (SMEs)
By Technology
  • IoT
  • Artificial Intelligence & Machine Learning
  • Advanced Analytics
  • Digital Twin
  • Other Technology
By End-use
  • Manufacturing
  • Energy & Utilities
  • Logistics & Transportation
  • IT & Telecom
  • Military & Defense
  • Other End-use
By Application
  • Condition Monitoring
  • Predictive Analytics
  • Remote Monitoring
  • Asset Tracking
  • Maintenance Scheduling
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

163 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Predictive Maintenance Market, by Component
1.4.2 North America Predictive Maintenance Market, by Deployment
1.4.3 North America Predictive Maintenance Market, by Enterprise Size
1.4.4 North America Predictive Maintenance Market, by Technology
1.4.5 North America Predictive Maintenance Market, by End-use
1.4.6 North America Predictive Maintenance Market, by Application
1.4.7 North America Predictive Maintenance Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2024
4.2 Strategies Deployed in Predictive Maintenance Market
4.3 Porter Five Forces Analysis
Chapter 5. North America Predictive Maintenance Market by Component
5.1 North America Hardware Market by Region
5.2 North America Software Market by Region
5.3 North America Predictive Maintenance Market by Software Type
5.3.1 North America Integrated Market by Country
5.3.2 North America Standalone Market by Country
Chapter 6. North America Predictive Maintenance Market by Deployment
6.1 North America On-premises Market by Region
6.2 North America Cloud Market by Region
Chapter 7. North America Predictive Maintenance Market by Enterprise Size
7.1 North America Large Enterprises Market by Country
7.2 North America Small & Medium-sized Enterprises (SMEs) Market by Country
Chapter 8. North America Predictive Maintenance Market by Technology
8.1 North America IoT Market by Country
8.2 North America Artificial Intelligence & Machine Learning Market by Country
8.3 North America Advanced Analytics Market by Country
8.4 North America Digital Twin Market by Country
8.5 North America Other Technology Market by Country
Chapter 9. North America Predictive Maintenance Market by End-use
9.1 North America Manufacturing Market by Country
9.2 North America Energy & Utilities Market by Country
9.3 North America Logistics & Transportation Market by Country
9.4 North America IT & Telecom Market by Country
9.5 North America Military & Defense Market by Country
9.6 North America Other End-use Market by Country
Chapter 10. North America Predictive Maintenance Market by Application
10.1 North America Condition Monitoring Market by Country
10.2 North America Predictive Analytics Market by Country
10.3 North America Remote Monitoring Market by Country
10.4 North America Asset Tracking Market by Country
10.5 North America Maintenance Scheduling Market by Country
Chapter 11. North America Predictive Maintenance Market by Country
11.1 US Predictive Maintenance Market
11.1.1 US Predictive Maintenance Market by Component
11.1.1.1 US Predictive Maintenance Market by Software Type
11.1.2 US Predictive Maintenance Market by Deployment
11.1.3 US Predictive Maintenance Market by Enterprise Size
11.1.4 US Predictive Maintenance Market by Technology
11.1.5 US Predictive Maintenance Market by End-use
11.1.6 US Predictive Maintenance Market by Application
11.2 Canada Predictive Maintenance Market
11.2.1 Canada Predictive Maintenance Market by Component
11.2.1.1 Canada Predictive Maintenance Market by Software Type
11.2.2 Canada Predictive Maintenance Market by Deployment
11.2.3 Canada Predictive Maintenance Market by Enterprise Size
11.2.4 Canada Predictive Maintenance Market by Technology
11.2.5 Canada Predictive Maintenance Market by End-use
11.2.6 Canada Predictive Maintenance Market by Application
11.3 Mexico Predictive Maintenance Market
11.3.1 Mexico Predictive Maintenance Market by Component
11.3.1.1 Mexico Predictive Maintenance Market by Software Type
11.3.2 Mexico Predictive Maintenance Market by Deployment
11.3.3 Mexico Predictive Maintenance Market by Enterprise Size
11.3.4 Mexico Predictive Maintenance Market by Technology
11.3.5 Mexico Predictive Maintenance Market by End-use
11.3.6 Mexico Predictive Maintenance Market by Application
11.4 Rest of North America Predictive Maintenance Market
11.4.1 Rest of North America Predictive Maintenance Market by Component
11.4.1.1 Rest of North America Predictive Maintenance Market by Software Type
11.4.2 Rest of North America Predictive Maintenance Market by Deployment
11.4.3 Rest of North America Predictive Maintenance Market by Enterprise Size
11.4.4 Rest of North America Predictive Maintenance Market by Technology
11.4.5 Rest of North America Predictive Maintenance Market by End-use
11.4.6 Rest of North America Predictive Maintenance Market by Application
Chapter 12. Company Profiles
12.1 IBM Corporation
12.1.1 Company Overview
12.1.2 Financial Analysis
12.1.3 Regional & Segmental Analysis
12.1.4 Research & Development Expenses
12.1.5 Recent strategies and developments:
12.1.5.1 Product Launches and Product Expansions:
12.1.5.2 Acquisition and Mergers:
12.1.6 SWOT Analysis
12.2 Microsoft Corporation
12.2.1 Company Overview
12.2.2 Financial Analysis
12.2.3 Segmental and Regional Analysis
12.2.4 Research & Development Expenses
12.2.5 Recent strategies and developments:
12.2.5.1 Partnerships, Collaborations, and Agreements:
12.2.6 SWOT Analysis
12.3 Honeywell International, Inc.
12.3.1 Company Overview
12.3.2 Financial Analysis
12.3.3 Segmental and Regional Analysis
12.3.4 Research & Development Expenses
12.3.5 Recent strategies and developments:
12.3.5.1 Partnerships, Collaborations, and Agreements:
12.3.5.2 Product Launches and Product Expansions:
12.3.6 SWOT Analysis
12.4 Siemens AG
12.4.1 Company Overview
12.4.2 Financial Analysis
12.4.3 Segmental and Regional Analysis
12.4.4 Research & Development Expense
12.4.5 Recent strategies and developments:
12.4.5.1 Acquisition and Mergers:
12.4.6 SWOT Analysis
12.5 GE Vernova Group
12.5.1 Company Overview
12.5.2 Financial Analysis
12.5.3 Segmental and Regional Analysis
12.5.4 Research & Development Expenses
12.5.5 SWOT Analysis
12.6 SAP SE
12.6.1 Company Overview
12.6.2 Financial Analysis
12.6.3 Regional Analysis
12.6.4 Research & Development Expense
12.6.5 SWOT Analysis
12.7 PTC, Inc.
12.7.1 Company Overview
12.7.2 Financial Analysis
12.7.3 Regional Analysis
12.7.4 Research & Development Expenses
12.7.5 SWOT Analysis
12.8 Schneider Electric SE
12.8.1 Company Overview
12.8.2 Financial Analysis
12.8.3 Segmental and Regional Analysis
12.8.4 Research & Development Expense
12.8.5 Recent strategies and developments:
12.8.5.1 Partnerships, Collaborations, and Agreements:
12.8.6 SWOT Analysis
12.9 ABB Ltd.
12.9.1 Company Overview
12.9.2 Financial Analysis
12.9.3 Segmental and Regional Analysis
12.9.4 Research & Development Expense
12.9.5 SWOT Analysis
12.10. Rockwell Automation, Inc.
12.10.1 Company Overview
12.10.2 Financial Analysis
12.10.3 Segmental and Regional Analysis
12.10.4 Research & Development Expenses
12.10.5 SWOT Analysis

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