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

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

  • ID: 4114877
  • Report
  • Region: Global
  • 114 Pages
  • Markets and Markets
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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 CAGR of 28.4%

FEATURED COMPANIES

  • Augury Systems
  • Fluke Corporation
  • Ibm Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Software Ag
  • MORE

“The rise in demand for reducing asset downtime has fueled the demand for predictive maintenance market”

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.

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FEATURED COMPANIES

  • Augury Systems
  • Fluke Corporation
  • Ibm Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Software Ag
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown And Data Triangulation
2.4 Vendor Dive Matrix
2.4.1 Quadrant Description
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Global Predictive Maintenance Market
4.2 Predictive Maintenance Market, By Component
4.3 Global Predictive Maintenance Market, By Vertical And Region
4.4 Lifecycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Component
5.3.2 By Organization Size
5.3.3 By Deployment Type
5.3.4 By Vertical
5.3.5 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Reduction in Operation & Maintenance Costs And Asset Downtime
5.4.1.2 Increasing Demand for Transforming Maintenance
5.4.1.3 Helps in Decision-Making And Increasing Operational Efficiency
5.4.1.4 Big Data And Iot Driving the Market
5.4.2 Restraints
5.4.2.1 Lack of Training
5.4.2.2 Lack of Trust in Predictive Maintenance Technologies
5.4.3 Opportunities
5.4.3.1 Increasing Demand for Real-Time Streaming Analytics
5.4.3.2 Increasing Demand from Small And Medium Enterprises
5.4.4 Challenges
5.4.4.1 Predictive Maintenance May Not Be Considered As An Integral Part of the Overall Maintenance Process
5.4.4.2 Adequate And Structured Data Collection
5.4.4.3 Challenges to Support Wide Range of Complex Equipment
5.5 Innovation-Spotlight

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.3.1 Strategic Benchmarking: New Product Launches And Partnerships of Top Vendors

7 Predictive Maintenance Market Analysis, By Component
7.1 Introduction
7.2 Solutions
7.3 Services
7.3.1 System Integration
7.3.2 Maintenance And Support
7.3.3 Consulting Services

8 Predictive Maintenance Market Analysis, By Deployment Type
8.1 Introduction
8.2 Cloud
8.3 On-Premises

9 Predictive Maintenance Market Analysis, By Organization Size
9.1 Introduction
9.2 Small And Medium Enterprises
9.3 Large Enterprises

10 Predictive Maintenance Market Analysis, By Vertical
10.1 Introduction
10.2 Government
10.3 Aerospace And Defense
10.4 Energy And Utilities
10.5 Manufacturing
10.6 Healthcare
10.7 Transportation And Logistics
10.8 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East And Africa
11.6 Latin America

12 Vendor Dive Analysis
12.1 Overview
12.1.1 Vanguards
12.1.2 Innovators
12.1.3 Dynamic
12.1.4 Emerging
12.2 Product Offerings
12.3 Business Strategy
12.4 Company Synopsis
(Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mnm View)*
12.4.1 Augury Systems
12.4.2 Bosch Software Innovations Gmbh
12.4.3 C3 Iot
12.4.4 Dell Technologies, Inc.
12.4.5 Fluke Corporation
12.4.6 General Electric Company
12.4.7 Hitachi, Ltd.
12.4.8 Honeywell International, Inc.
12.4.9 Ibm Corporation
12.4.10 Ptc
12.4.11 Rapidminer, Inc.
12.4.12 Rockwell Automation, Inc.
12.4.13 Sap Se
12.4.14 Sas Institute, Inc.
12.4.15 Schneider Electric
12.4.16 Senseye, Ltd.
12.4.17 Skf
12.4.18 Software Ag
12.4.19 Softweb Solutions, Inc.
12.4.20 T-Systems International Gmbh
12.4.21 Warwick Analytics
*Details On Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Author Details
 
List of Tables
Table 1 Predictive Maintenance Market Size And Growth Rate, 2014-2021 (USD Million, Y-O-Y %)
Table 2 Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 3 Solutions: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 4 Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 5 System Integration: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 6 Maintenance And Support: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 7 Consulting Services: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 8 Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 9 Cloud: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 10 On-Premises: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 11 the Small And Medium Enterprises Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Table 12 Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 13 Small And Medium Enterprises: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 14 Large Enterprises: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 15 Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)
Table 16 Government: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 17 Aerospace And Defense: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 18 Energy And Utilities: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 19 Manufacturing: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 20 Healthcare: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 21 Transportation And Logistics: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 22 Others: Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 23 Predictive Maintenance Market Size, By Region, 2014-2021 (USD Million)
Table 24 North America: Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 25 North America: Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 26 North America: Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 27 North America: Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 28 North America: Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)
Table 29 Europe: Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 30 Europe: Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 31 Europe: Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 32 Europe: Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 33 Europe: Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)
Table 34 Asia-Pacific: Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 35 Asia-Pacific: Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 36 Asia-Pacific: Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 37 Asia-Pacific: Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 38 Asia-Pacific: Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)
Table 39 Middle East And Africa: Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 40 Middle East And Africa: Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 41 Middle East And Africa: Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 42 Middle East And Africa: Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 43 Middle East And Africa: Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)
Table 44 Latin America: Predictive Maintenance Market Size, By Component, 2014-2021 (USD Million)
Table 45 Latin America: Predictive Maintenance Market Size, By Service, 2014-2021 (USD Million)
Table 46 Latin America: Predictive Maintenance Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 47 Latin America: Predictive Maintenance Market Size, By Organization Size, 2014-2021 (USD Million)
Table 48 Latin America: Predictive Maintenance Market Size, By Vertical, 2014-2021 (USD Million)

List of Figures
Figure 1 Global Predictive Maintenance Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, And Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Vendor Dive Matrix: Criteria Weightage
Figure 7 Vendor Dive Matrix
Figure 8 Top Three Categories for the Global Predictive Maintenance Market in 2016
Figure 9 North America is Estimated to Hold the Largest Share of the Predictive Maintenance Market in 2016
Figure 10 Increase in Adoption of Cloud-Based Predictive Maintenance Solutions Will Boost the Predictive Maintenance Market During the Forecast Period
Figure 11 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Manufacturing Vertical And North America Are Estimated to Hold the Largest Market Share in 2016
Figure 13 the Asia-Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Evolution of the Predictive Maintenance Market
Figure 15 Predictive Maintenance Market Segmentation: By Service
Figure 16 Predictive Maintenance Market Segmentation: By Organization Size
Figure 17 Predictive Maintenance Market Segmentation: By Deployment Type
Figure 18 Predictive Maintenance Market Segmentation: By Vertical
Figure 19 Predictive Maintenance Market Segmentation: By Region
Figure 20 Predictive Maintenance Market: Drivers, Restraints, Opportunities, And Challenges
Figure 21 Predictive Maintenance Market: Value Chain
Figure 22 Strategic Benchmarking: New Product Launches And Partnerships of Top Vendors
Figure 23 Predictive Maintenance Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Cloud Deployment Type is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Energy And Utilities Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia-Pacific Expected to Grow at the Highest CAGR in the Global Predictive Maintenance Market During the Forecast Period
Figure 27 Regional Snapshot: Asia-Pacific is the Emerging Region in the Predictive Maintenance Market (2016-2021)
Figure 28 North America Market Snapshot: Presence of Key Verticals in the Region is a Major Factor Contributing Towards the Growth of the Predictive Maintenance Market
Figure 29 Asia-Pacific Market Snapshot: Rising Demand for Lowering Operational Cost Among Verticals is a Major Factor Contributing Towards the Growth of the Predictive Maintenance Market
Figure 30 Dive Chart

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  • Augury Systems
  • Bosch Software Innovations Gmbh
  • C3 Iot
  • Dell Technologies, Inc.
  • Fluke Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • Honeywell International, Inc.
  • Ibm Corporation
  • Ptc
  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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