Predictive Maintenance Market by Component (Solutions and Services), Deployment Mode, Organization Size, Vertical (Government and Defense, Manufacturing, Energy and Utilities, Transportation and Logistics), and Region - Global Forecast to 2024

Predictive Maintenance Market by Component (Solutions and Services), Deployment Mode, Organization Size, Vertical (Government and Defense, Manufacturing, Energy and Utilities, Transportation and Logistics), and Region - Global Forecast to 2024

The global predictive maintenance Market size to grow at a Compound Annual Growth Rate (CAGR) of 28.8% during the forecast period
MarketsandMarkets forecasts the global predictive maintenance market size to grow from USD 3.0 billion in 2019 to USD 10.7 billion by 2024, at a CAGR of 28.8% during 2019-2024. The major growth drivers of the predictive maintenance market include the increasing use of emerging technologies to gain valuable insights. Lack of skilled workforce may restrain the growth of the predictive maintenance market.

The services segment to grow at a higher CAGR during the forecast period
The predictive maintenance market is segmented on the basis of components, such as solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. An efficient predictive maintenance service help organizations develop a connected environment by integrating predictive maintenance solution with their existing IT infrastructure.

The energy and utilities segment to grow at the highest CAGR during the forecast period
The predictive maintenance market by vertical has been segmented into government and defense, manufacturing, energy and utilities, transportation and logistics, health and life sciences and others (agriculture, telecom, media, and retail). The energy and utilities segment to grow at the highest CAGR during the forecast period, due to the growing demand for automated of power-usage analytics applications.

Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. The increasing investments by the tech companies in major APAC countries, such as China, and Japan, increasing government regulations and initiatives are expected to drive the growth of the market in APAC.
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the predictive maintenance market.

By Company: Tier I: 15%, Tier II: 42%, and Tier III: 43%
By Designation: C-Level: 62%, Director-Level: 20%, and Others: 18%
By Region: North America: 40%, APAC: 30%, Europe: 20%, MEA: 5%, and Latin America: 5%

The report includes the study of the key players offering predictive maintenance solutions and services. It profiles major vendors in the global predictive maintenance market. The major vendors include IBM (US), Microsoft (US), SAP (Germany), GE (US), Schneider Electric (France), Hitachi (Japan), PTC (US), Software AG (Germany), SAS (US), TIBCO (US), C3 IoT (US), Uptake (US), Softweb Solutions (US), Asystom (France), Ecolibrium Energy (India), Fiix (Canada), OPEX Group (UK), Dingo (Australia), Sigma Industrial Precision (Spain). It also includes an in-depth competitive analysis of the key players in the predictive maintenance market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage
The report segments the global predictive maintenance market by component, solution, service, deployment mode, organization size, and region. The predictive maintenance market by vertical is divided into government and defense, manufacturing, energy and utilities, transportation and logistics, health and life sciences and others (agriculture, telecom, media, and retail) categories. The component segment comprises solutions and services. The solutions segment is further segmented into integrated solutions and standalone solutions. The services segment is divided into system integration, support and maintenance, and consulting services. The predictive maintenance market by deployment mode is segmented into cloud and on-premises. Based on organization size, the predictive maintenance market is divided into large enterprises and Small and Medium-sized Enterprises (SMEs). The report also covers the predictive maintenance market with respect to five major regions: North America, Europe, APAC, Latin America, and the Middle East & Africa (MEA).

The report will help the market leaders and new entrants in the global predictive maintenance market in the following ways:
1. The report segments the market into various subsegments; hence, it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are split further across verticals and regions.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table GLOBAL PREDICTIVE MAINTENANCE MARKET SIZE AND GROWTH RATE, 2017-2024 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE PREDICTIVE MAINTENANCE MARKET
    • PREDICTIVE MAINTENANCE MARKET: TOP 3 VERTICALS
    • PREDICTIVE MAINTENANCE MARKET: BY REGION
    • PREDICTIVE MAINTENANCE MARKET IN NORTH AMERICA, BY COMPONENT AND DEPLOYMENT MODE
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • INTRODUCTION
    • REGULATORY IMPLICATIONS
      • INTRODUCTION
      • GENERAL DATA PROTECTION REGULATION
      • HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
      • FEDERAL TRADE COMMISSION
      • FEDERAL COMMUNICATIONS COMMISSION
      • ISO/IEC STANDARDS
      • INDUSTRIAL INTERNET CONSORTIUM REFERENCE ARCHITECTURE
      • CEN/ISO
      • NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY
      • EPRIVACY
      • ANSI TAPPI TIP 0305-34:2008
      • MIMOSA
  • PREDICTIVE MAINTENANCE MARKET, BY COMPONENT
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
    • SOLUTIONS
      • Table SOLUTIONS: PREDICTIVE MAINTENANCE MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • INTEGRATED
      • STANDALONE
    • SERVICES
      • Table SERVICES: PREDICTIVE MAINTENANCE MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • SYSTEM INTEGRATION
      • SUPPORT AND MAINTENANCE
      • CONSULTING
  • PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
    • CLOUD
      • BENEFITS, SUCH AS SCALABILITY AND EASE OF IMPLEMENTATION, TO BOOST THE GROWTH OF THE CLOUD DEPLOYMENT MODE
    • ON-PREMISES
      • DATA-SENSITIVE ORGANIZATIONS TO ADOPT THE ON-PREMISES DEPLOYMENT MODE FOR PREDICTIVE MAINTENANCE SOLUTIONS
  • PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
    • LARGE ENTERPRISES
      • LARGE ENTERPRISES TO ADOPT PREDICTIVE MAINTENANCE SOLUTIONS TO OPTIMIZE OPERATIONAL MAINTENANCE PROCESSES
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • SMALL AND MEDIUM-SIZED ENTERPRISES TO ADOPT PREDICTIVE MAINTENANCE SOLUTIONS WITH RISING TECHNOLOGICAL ADVANCEME
  • PREDICTIVE MAINTENANCE MARKET, BY VERTICAL
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
    • GOVERNMENT AND DEFENSE
      • GOVERNMENT AND DEFENSE VERTICAL TO ADOPT PREDICTIVE MAINTENANCE SOLUTIONS FOR AUTOMATING THE DEFENSE SYSTEM
    • MANUFACTURING
      • GROWING NEED TO TRACK, DIAGNOSE, AND MONITOR MACHINES TO FUEL THE GROWTH OF THE PREDICTIVE MAINTENANCE APPLICATION IN THE MANUFACTURING VERTICAL
    • ENERGY AND UTILITIES
      • THE GROWING DEMAND OF POWER-USAGE ANALYTICS APPLICATIONS FUEL THE GROWTH OF ENERGY AND UTILITIES VERTICAL
    • TRANSPORTATION AND LOGISTICS
      • INCREASING NEED TO IMPROVE ASSET TRACKING AND PERFORMANCE MANAGEMENT FOR MINIMIZING RISKS LEAD TO GROWTH IN TRANSPORTATION AND LOGISTICS VERTICAL
    • HEALTHCARE AND LIFE SCIENCES
      • GROWING DEMAND FOR MONITORING PATIENT HEALTH AND PERSONALIZED TREATMENT IN REAL TIME TO FUEL THE GROWTH OF HEALTHCARE AND LIFE SCIENCES VERTICAL
    • OTHERS
  • PREDICTIVE MAINTENANCE MARKET, BY REGION
    • INTRODUCTION
      • Table PREDICTIVE MAINTENANCE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table EUROPE: PREDICTIVE MAINTENANCE MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • CHINA
      • JAPAN
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • ISRAEL
      • UAE
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COMPONENT, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SOLUTION, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY SERVICE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY DEPLOYMENT MODE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY ORGANIZATION SIZE, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY VERTICAL, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARIES
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
    • COMPETITIVE LEADERSHIP MAPPING (START-UPS)
      • PROGRESSIVE COMPANIES
      • RESPONSIVE COMPANIES
      • DYNAMIC COMPANIES
      • STARTING BLOCKS
    • STRENGTH OF PRODUCT PORTFOLIO (STARTUPS)
    • BUSINESS STRATEGY EXCELLENCE (STARTUPS)
  • COMPANY PROFILES
    • INTRODUCTION
    • IBM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HITACHI
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PTC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SOFTWARE AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TIBCO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • C3 IOT
    • UPTAKE
    • SOFTWEB SOLUTIONS
    • ASYSTOM
    • ECOLIBRIUM ENERGY
    • FIIX
    • OPEX GROUP
    • DINGO
    • SIGMA INDUSTRIAL PRECISION
  • APPENDIX
    • INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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