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Predictive Maintenance Market by Component, Deployment Type (Cloud and on-Premises), Organization Size (SMES and Enterprises), Vertical, and Region - Global Forecast to 2021

Predictive Maintenance Market by Component, Deployment Type (Cloud and on-Premises), Organization Size (SMES and Enterprises), Vertical, and Region - Global Forecast to 2021

“The rise in demand for reducing asset downtime has fueled the demand for predictive maintenance market”
The predictive maintenance market size is expected to grow from USD 1,404.3 million in 2016 to USD 4,904.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period. Factors, such as the lowering maintenance cost with reduced downtime and widespread of Internet of Things (IoT) are expected to increase the demand for predictive maintenance solutions & services. However, lack of training and trust for predictive maintenance are the major factors restraining the growth of the market.

“Support and Maintenance services to grow at the highest CAGR during the forecast period”
The support and maintenance services segment is estimated to grow at the highest CAGR during the forecast period. The rise in the demand for support and maintenance services is expected to witness traction in Asia-Pacific (APAC), Middle East & Africa (MEA) and Latin American regions, as predictive maintenance software solutions are dependent on the combination of technology and human skills. Software vendors provide training courses for the employees that last for a few days and are basic in nature. However, additional educational is required so that operators can understand and interpret the analysis from the captured data.

“North America to be the largest market for predictive maintenance during the forecast period”
The North American region holds the largest share of the predictive maintenance market. The major driver for this region is the increasing demand for better monitoring and predictive technology. The U.S. has the largest market share in the region, followed by Canada. The European market is the second biggest market after North America. The European region consists of major growing economies, such as the U.K., Germany, and France, which present great growth opportunities for the predictive maintenance market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up profiles of primary participants is as follows:
By Company Type: Tier 1 – 25 %, Tier 2 – 15% ,Tier 3 – 10%, and Others- 50%
By Designation: C level – 72%, Director Level – 17%, and Others – 11%
By Region: North America – 45%, Europe – 25%, APAC – 20%, and RoW – 10%
The major vendors in the predictive maintenance market include IBM (U.S.), SAP SE (Germany), Software AG (Germany), General Electric (U.S.), Robert Bosch (Germany), Rockwell Automation (U.S.), PTC (U.S.), Warwick Analytics (U.K.), RapidMiner (U.S.), and SKF (Sweden).

Research Coverage
The report includes in-depth competitive analysis of these key players in the predictive maintenance market, with their company profiles, recent developments, and key market strategies. The research report segments the predictive maintenance market by component, deployment, organization size, vertical, and region.

Reasons to Buy the Report
The predictive maintenance market has been segmented by service, deployment, organization size, industry vertical, and region. The report will help market leaders/new entrants in this market in the following ways:
1. The report segments the predictive maintenance market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to position their businesses better. There is a separate section on competitive landscape, including competitor ecosystem and mergers & acquisitions. Besides, there are company profiles of 13 players offering services in this market. Furthermore, market internals are provided in this section, detailing what can put them ahead of the competitors.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • VENDOR DIVE MATRIX
      • QUADRANT DESCRIPTION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table PREDICTIVE MAINTENANCE MARKET SIZE AND GROWTH RATE, 2014-2021 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL PREDICTIVE MAINTENANCE MARKET
    • PREDICTIVE MAINTENANCE MARKET, BY COMPONENT
    • GLOBAL PREDICTIVE MAINTENANCE MARKET, BY VERTICAL AND REGION
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET EVOLUTION
    • MARKET SEGMENTATION
      • BY COMPONENT
      • BY ORGANIZATION SIZE
      • BY DEPLOYMENT TYPE
      • BY VERTICAL
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INNOVATION-SPOTLIGHT
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • STRATEGIC BENCHMARKING
      • STRATEGIC BENCHMARKING: NEW PRODUCT LAUNCHES AND PARTNERSHIPS OF TOP VENDORS
  • PREDICTIVE MAINTENANCE MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
    • SOLUTIONS
      • Table SOLUTIONS: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SERVICES
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • SYSTEM INTEGRATION
        • Table SYSTEM INTEGRATION: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • MAINTENANCE AND SUPPORT
        • Table MAINTENANCE AND SUPPORT: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • CONSULTING SERVICES
        • Table CONSULTING SERVICES: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PREDICTIVE MAINTENANCE MARKET ANALYSIS, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
    • CLOUD
      • Table CLOUD: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PREDICTIVE MAINTENANCE MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table THE SMALL AND MEDIUM ENTERPRISES SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
    • SMALL AND MEDIUM ENTERPRISES
      • Table SMALL AND MEDIUM ENTERPRISES: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PREDICTIVE MAINTENANCE MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AEROSPACE AND DEFENSE
      • Table AEROSPACE AND DEFENSE: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • Table TRANSPORTATION AND LOGISTICS: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • EUROPE
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
  • VENDOR DIVE ANALYSIS
    • OVERVIEW
      • VANGUARDS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
    • PRODUCT OFFERINGS
    • BUSINESS STRATEGY
    • COMPANY SYNOPSIS
      • AUGURY SYSTEMS
      • BOSCH SOFTWARE INNOVATIONS GMBH
      • C3 IOT
      • DELL, INC.
      • FLUKE CORPORATION
      • GENERAL ELECTRIC COMPANY
      • HITACHI, LTD.
      • HONEYWELL INTERNATIONAL, INC.
      • IBM CORPORATION
      • PTC, INC.
      • RAPIDMINER, INC.
      • ROCKWELL AUTOMATION, INC.
      • SAP SE
      • SAS INSTITUTE, INC.
      • SCHNEIDER ELECTRIC
      • SENSEYE, LTD.
      • SKF
      • SOFTWARE AG
      • SOFTWEB SOLUTIONS, INC.
      • T-SYSTEMS INTERNATIONAL GMBH
      • WARWICK ANALYTICS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AUTHOR DETAILS

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