Predictive Maintenance Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: IC1419

Predictive Maintenance Market

The Predictive Maintenance Market is expected to grow from USD 5,855.18 million in 2020 to USD 20,476.35 million by 2026 at a CAGR of 24.03% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies

Predictive maintenance is a maintenance strategy accelerated by predictive analytics technology. The solutions are installed to track and discover failures or anomalies in equipment but are engaged only upon the probability of vital failure. This assists in deploying limited resources, increasing device or equipment uptime, improving quality and supply chain processes, and enhancing the overall satisfaction for all the included stakeholders. Equipment is monitored using conventional and advanced techniques which facilitate maintenance of the machinery to be planned before a failure happens. Rise in investments in predictive maintenance in industries on account IoT adoption and the requirement for prolong lifetime of ageing industrial machinery are the key factors which accelerate the market growth. Moreover, there is an increase in requirement for predictive maintenance due to the growing requirement to obtain insights from implementation of new technologies. Additionally, in the aftermath of the COVID-19 pandemic, developing technologies such as machine learning, predictive maintenance integration with IIoT, and requirement for remote monitoring and asset management are anticipated to further fuel predictive maintenance market growth. However, implementation problems and data security concerns hinder the market growth.

The global Predictive Maintenance Market is segregated on the basis of component as Software, Services. Based on Deployment Mode the global Predictive Maintenance Market is segmented in Cloud and On-premise. Based on Organization Size the global Predictive Maintenance Market is segmented in Large Enterprises and Small and Medium-sized Enterprises (SMEs). Based on Vertical the global Predictive Maintenance Market is segmented in Government and Defense, Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare and Life Sciences and Others.

The global Predictive Maintenance Market report provides geographic analysis covering regions, such as Europe, North America, 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 Analysis

IBM, Microsoft, SAP, Hitachi, PTC and others are among the major players in the global Predictive Maintenance Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

  • In June 2020, PTC improved ThingWorx Industrial IoT platform to drive Industrial IoT deployments across the enterprise value chain. ThingWorx 9.0 would provide new and expanded features to assist industrial companies create, implement, customize and scale their solutions.

  • In September 2019, GE Digital improved its software portfolio which made it possible for companies to more easily and effectually operate their plants, analyze industrial data and optimize their operations. The product updates include the Predix Essentials solution, which would make it simple for industrial companies to connect, visualize, and analyze their data and minimize waste, lower costs and increase performance.

The global Predictive Maintenance Market has been segmented as below:

Predictive Maintenance Market, By Component

  • Software

  • Integrated

  • Standalone

  • Services

  • Managed Services

  • Professional Services

  • System Integration

  • Support and Maintenance

  • Consulting

Predictive Maintenance Market, By Deployment Mode

  • Cloud

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

  • On-premise

Predictive Maintenance Market, By Organization Size

  • Large Enterprises

  • Small and Medium-sized Enterprises (SMEs)

Predictive Maintenance Market, By Vertical

  • Government and Defense

  • Manufacturing

  • Energy and Utilities

  • Transportation and Logistics

  • Healthcare and Life Sciences

  • Others

Predictive Maintenance Market, By Region

  • Europe

  • North America

  • Asia Pacific

  • Rest of The World

Predictive Maintenance Market, By Company

  • IBM

  • Microsoft

  • SAP

  • Hitachi

  • PTC

  • GE

  • Schneider Electric

  • Software AG

  • SAS 

  • TIBCO

  • C3 IoT

  • Uptake

  • Softweb Solutions

  • Asystom

  • Ecolibrium Energy

  • Fiix Software

  • OPEX Group

  • Dingo

  • Sigma Industrial Precision

  • Google

  • Oracle

  • HPE

  • AWS

  • Micro Focus

  • Splunk

  • Altair

  • RapidMiner

The report covers the below scope:

  • Global Predictive Maintenance Market sizes from 2020 to 2025, along with CAGR for 2020-2025

  • Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2025

  • 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

The years considered for the study are as follows:

  • Base year - 2019

  • Estimated year - 2019

  • Projected year - 2020

  • Forecast period - 2021 to 2026

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 IBM, Microsoft, SAP, Hitachi, PTC, GE, Schneider Electric Software AG and others.

Why 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

Target Audience:

The report targeted towards the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers

  • Market Wholesale/Traders

  • Investment and Financial Institutions

Free and Paid Customization based on the requirement



Report Content

  1. Introduction

    1. Key Points

    2. Report Description

    3. Markets Covered

    4. Stakeholders

  2. Research Methodology

    1. Research Scope

    2. Research Methodology

      1. Market Research Process

      2. Research Methodology

        1. Secondary Research

        2. Primary Research

        3. Models for Estimation

    3. Market Size Estimation

      1. Bottom-Up Approach

      2. Top-Down Approach

  3. Executive Summary

  4. Market Overview

    1. Introduction

    2. Drivers

    3. Restraints

    4. Opportunities

    5. Challenges

  5. Predictive Maintenance Market, By Component

    1. Key Points

  • Software

  • Integrated

  • Standalone

  • Services

  • Managed Services

  • Professional Services

  • System Integration

  • Support and Maintenance

  • Consulting

  1. Predictive Maintenance Market, By Deployment Mode

    1. Key Points

  • Cloud

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

  • On-premise

  1. Predictive Maintenance Market, By Organization Size

    1. Key Points

    2. Large Enterprises

    3. Small and Medium-sized Enterprises (SMEs)

  2. Predictive Maintenance Market, By Vertical

    1. Key Points

    2. Government and Defense

    3. Manufacturing

    4. Energy and Utilities

    5. Transportation and Logistics

    6. Healthcare and Life Sciences

    7. Others

  3. Competitive Landscape

    1. Introduction

    2. Start-up companies- Predictive Maintenance Market

    3. Recent Developments

      1. Mergers & Acquisitions

      2. New Product Developments

      3. Portfolio/Production Capacity Expansions

      4. Joint Ventures, Collaborations, Partnerships & Agreements

      5. Others

  4. Company Profile

    1. IBM

    2. Microsoft

    3. SAP

    4. Hitachi

    5. PTC

    6. GE

    7. Schneider Electric

    8. Software AG

    9. SAS 

    10. TIBCO

    11. C3 IoT

    12. Uptake

    13. Softweb Solutions

    14. Asystom

    15. Ecolibrium Energy

    16. Fiix Software

    17. OPEX Group

    18. Dingo

    19. Sigma Industrial Precision

    20. Google

    21. Oracle

    22. HPE

    23. AWS

    24. Micro Focus

    25. Splunk

    26. Altair

    27. RapidMiner


Predictive Maintenance Market

License Options

  • Single 1500 USD
  • Multiple 3000 USD