Report Id: TIPMM0122
Predictive Maintenance Market Size by Component (Software and Services), By Deployment Mode (Cloud and On-premise), By Industry Vertical (Government and Defense, Manufacturing, Energy and Utilities, Transportation and Logistics and Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027
The Predictive Maintenance Market is expected to be around US$ 21.2 Billion by 2027 at a CAGR of 25% in the given forecast period.
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Major Players
- Bosch Software Innovations GmbH
- Honeywell International, Inc
- IBM Corporation
- Microsoft
- Hitachi Ltd
Study period:
Fastest Growing Market:
2021-2027
APAC
Base Year:
Largest Market:
2020
North America
CAGR:
25
REPORT DESCRIPTION
The Predictive Maintenance Market is expected to be around US$ 21.2 Billion by 2027 at a CAGR of 25% in the given forecast period.
The growth of the market is ascribed to the requirement to increase uptime of assets and reduce maintenance costs. The Occupational Health and Safety Administration (OSHA), a government agency, has a set of strict rules, regulations, and guidelines to be followed pertaining to the predictive maintenance in the industrial manufacturing plants. Thereby, predictive maintenance is an important thing to implement in a workplace. Furthermore, rising prevalence of sensors in machinery, vehicles, production plants, among others hard equipment spaces are fueling up the global predictive maintenance market in the forecast period. Furthermore, the surging demand for the automation implementation needs deep integration of advanced technological approach acts as one of the prominent demand bolstering factors for the predictive maintenance market around the world.
The global Predictive Maintenance market is segregated on the basis of Component as Software and Services. Based on Deployment Mode the global Predictive Maintenance market is segmented in Cloud and On-premise. Based on Industry Vertical the global Predictive Maintenance market is segmented in Government and Defense, Manufacturing, Energy and Utilities, Transportation and Logistics and Others.
The global Predictive Maintenance market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Predictive Maintenance market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Bosch Software Innovations GmbH, IBM Corporation, Honeywell International, Inc., Microsoft, Hitachi Ltd., Software AG, General Electric, Engineering Consultants Group, Inc., Software AG, Expert Microsystems, Inc., Rockwell Automation, Inc., Google, C3 IoT, Uptake, Softweb Solutions, and others are among the major players in the global Predictive Maintenance market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Predictive Maintenance Market has been segmented as below:
Predictive Maintenance Market, By Component
- Software
- Services
Predictive Maintenance Market, By Deployment Mode
- Cloud
- On-premise
Predictive Maintenance Market, By Industry Vertical
- Government and Defense
- Manufacturing
- Energy and Utilities
- Transportation and Logistics
- Others
Predictive Maintenance Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Predictive Maintenance Market, By Company
- Bosch Software Innovations GmbH
- IBM Corporation
- Honeywell International, Inc.
- Microsoft
- Hitachi Ltd.
- Software AG
- General Electric
- Engineering Consultants Group, Inc.
- Software AG
- Expert Microsystems, Inc.
- Rockwell Automation, Inc.
- C3 IoT
- Uptake
- Softweb Solutions
The report covers:
- Global Predictive Maintenance market sizes from 2021 to 2027, along with CAGR for 2021-2026
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
- Global Predictive Maintenance market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Predictive Maintenance market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Predictive Maintenance market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Predictive Maintenance market share. Major industry players with significant revenue share include Bosch Software Innovations GmbH, IBM Corporation, Honeywell International, Inc., Microsoft, Hitachi Ltd., Software AG, General Electric, Engineering Consultants Group, Inc., Software AG, Expert Microsystems, Inc., Rockwell Automation, Inc., Google, C3 IoT, Uptake, Softweb Solutions, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Predictive Maintenance industry trends
- Find complete analysis on the market status
- Identify the Predictive Maintenance market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Predictive Maintenance Market, By Component
5.1. Introduction
5.2. Software
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Services
5.3.1. Market Overview
5.3.2. Market Size and Forecast
6. Predictive Maintenance Market, By Deployment Mode
6.1. Introduction
6.2. Cloud
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. On-premise
6.3.1. Market Overview
6.3.2. Market Size and Forecast
7. Predictive Maintenance Market, By Industry Vertical
7.1. Introduction
7.2. Government and Defense
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Manufacturing
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Energy and Utilities
7.4.1. Market Overview
7.4.2. Market Size and Forecast
7.5. Transportation and Logistics
7.5.1. Market Overview
7.5.2. Market Size and Forecast
7.6. Others
7.6.1. Market Overview
7.6.2. Market Size and Forecast
8. Predictive Maintenance Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Predictive Maintenance, By Component
8.2.2. North America Predictive Maintenance, By Deployment Mode
8.2.3. North America Predictive Maintenance, By Industry Vertical
8.3. Europe
8.3.1. Europe Predictive Maintenance, By Component
8.3.2. Europe Predictive Maintenance, By Deployment Mode
8.3.3. Europe Predictive Maintenance, By Industry Vertical
8.4. Asia-Pacific
8.4.1. Asia-Pacific Predictive Maintenance, By Component
8.4.2. Asia-Pacific Predictive Maintenance, By Deployment Mode
8.4.3. Asia-Pacific Predictive Maintenance, By Industry Vertical
8.5. Rest of the World
8.5.1. Rest of the World Predictive Maintenance, By Component
8.5.2. Rest of the World Predictive Maintenance, By Deployment Mode
8.5.3. Rest of the World Predictive Maintenance, By Industry Vertical
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. Bosch Software Innovations GmbH
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. IBM Corporation
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Honeywell International, Inc.
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Microsoft
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Hitachi Ltd.
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Software AG
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. General Electric
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Engineering Consultants Group, Inc.
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Software AG
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Expert Microsystems, Inc.
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Rockwell Automation, Inc.
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Google
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. C3 IoT
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Uptake
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. Softweb Solutions
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
The Predictive Maintenance Market has been segmented as below:
Predictive Maintenance Market, By Component
- Software
- Services
Predictive Maintenance Market, By Deployment Mode
- Cloud
- On-premise
Predictive Maintenance Market, By Industry Vertical
- Government and Defense
- Manufacturing
- Energy and Utilities
- Transportation and Logistics
- Others
Predictive Maintenance Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Predictive Maintenance Market, By Company
- Bosch Software Innovations GmbH
- IBM Corporation
- Honeywell International, Inc.
- Microsoft
- Hitachi Ltd.
- Software AG
- General Electric
- Engineering Consultants Group, Inc.
- Software AG
- Expert Microsystems, Inc.
- Rockwell Automation, Inc.
- C3 IoT
- Uptake
- Softweb Solutions
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Predictive Maintenance Market?
The market is expected to grow at a CAGR of 25% during the study period (2021-2027)
How big is the Predictive Maintenance Market value?
The Predictive Maintenance Market is expected to be around US$ 21.2 Billion by 2027
What is the segment’s covered for the Predictive Maintenance Market?
The segment included in the Predictive Maintenance Market is Component, Deployment Mode, Industry Vertical and region.
Who are the major key vendors in the Predictive Maintenance Market?
Some key players operating in the Predictive Maintenance Market include Bosch Software Innovations GmbH, IBM Corporation, Honeywell International, Inc., Microsoft, Hitachi Ltd., Software AG, General Electric, Engineering Consultants Group, Inc
What are the different forms of the report available?
We can offer several formats of the market research reports including,
• PDF
• PPT
• Spreadsheet/ Workbook
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