DUBLIN, March 27, 2023 /PRNewswire/ — The “Global Predictive Maintenance Market Outlook 2031” report has been added to ResearchAndMarkets.com’s offering.

The global predictive maintenance market is likely to grow at a CAGR of 31.9% during the forecast period, i.e., 2022-2031. The market generated a revenue of around USD 5,000 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 82,000 Million by the end of 2031.

Growing need to reduce downtime and maintenance costs, along with the digital transformation taking place in the organization are some of the major factors anticipated to drive the growth of the market during the forecast period.

The global predictive maintenance market is segmented by component, deployment mode, organization size, and end-use verticals. On the basis of end-use verticals market is further fragmented into by government and defense, automotive, energy and utilities, transportation and logistics, healthcare and life sciences, food and beverage, digital industry, and others.

The energy and utilities segment is anticipated to garner the highest revenue of around USD 14,000 million by the end of 2031. Moreover, the segment generated a revenue of nearly USD 900 million in 2021. This growth is on the account of increasing demand for curbing the productivity loss and maintenance cost. The energy and utilities segment is to grow at a CAGR of around 32% over the forecast period.

The market in the Asia Pacific collected the highest revenue of about USD 1,000 million in 2021. By the end of 2031, it is estimated to garner a revenue of around USD 24,000 million, by growing at the CAGR of over 35% over the forecast period. Factors such as increased prevalence of digitization and need to reduce the maintenance cost is expected to boost the market growth in the region.

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning.

Some of the prominent industry leaders in the global predictive maintenance market that are included in the report are 

• C3.ai. Inc.
• Software AG
• PTC
• Asystom
• Uptake Technologies Inc.
• TIBCO Software Inc.
• Wavelabs
• OMRON Corporation
• SIGMA Industrial Precision
• DINGO Software Pty. Ltd.
• Operational excellence group limited (OPEX) Group Ltd.
• Fiix Inc.
• Ecolibirium Inc.
• Softweb Solutions Inc.
• S A S Institute Inc.
• Schneider Electric
• GE Group
• SAP SE
• Microsoft Corporation
• IBM Corporation
• Siemens AG
• Hitachi Consulting Corporation
• Fujitsu Limited

Key Topics Covered:

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Assumptions and Acronyms

3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Survey Analysis

4. Key Findings – Predictive Maintenance Market

5. Executive Summary – Global Predictive Maintenance Market

6. Market Dynamics
6.1. Market Drivers
6.2. Market Trends
6.3. Challenges
6.4. Opportunities

7. Case Study Analysis

8. Technology Outlook
8.1. Artificial Intelligence & Internet of Things (IoT)
8.2. Machine Learning
8.3. Big Data Analytics & Cloud Computing

9. Regulations & Standards Landscape

10. Analysis on Anomalies in Predictive Maintenance
10.1. Type of Anomalies
10.2. Common Anomaly Mode
10.3. Anomaly Detection Techniques

11. Sensing Technology Analysis
11.1. Vibration Sensor
11.2. Temperature Sensor
11.3. Ultrasonic Sensor
11.4. Oil Level Sensor
11.5. Current Sensor
11.6. Pressure Sensor
11.7. Other Sensing Technologies

12. Competition Landscape
12.1. Competitive Leadership Mapping
12.2. Competitive Benchmarking

13. Company Profiles
13.1. Market Share Analysis, 2021
13.2. Company Profiles
13.2.1. Detailed Overview
13.2.2. Assessment of Key Offering
13.2.3. Analysis of Growth Strategies
13.2.4. SWOT Analysis
13.2.5. Exhaustive Analysis on Key Financial Indicators
13.2.6. Recent Developments

14. Global Predictive Maintenance Market Outlook
14.1. Market Overview
14.2. Market by Value (USD million)
14.3. By Component
14.3.1. Solutions, 2021-2031F (USD million)
14.3.1.1. Integrated, 2021-2031F (USD million)
14.3.1.2. Standalone, 2021-2031F (USD million)
14.3.2. Services, 2021-2031F (USD million)
14.3.2.1. Professional Services, 2021-2031F (USD million)
14.3.2.1.1. System Integration, 2021-2031F (USD million)
14.3.2.1.2. Support and Maintenance, 2021-2031F (USD million)
14.3.2.1.3. Consulting, 2021-2031F (USD million)
14.3.2.2. Managed Services, 2021-2031F (USD million)
14.4. By Deployment Mode
14.4.1. Cloud, 2021-2031F (USD million)
14.4.2. On Premises, 2021-2031F (USD million)
14.5. By Organization Size
14.5.1. Large Enterprises, 2021-2031F (USD million)
14.5.2. Small and Medium Sized Enterprises, 2021-2031F (USD million)
14.6. By End-Use Vertical
14.6.1. Government and Defense, 2021-2031F (USD million)
14.6.2. Automotive, 2021-2031F (USD million)
14.6.3. Energy and Utilities, 2021-2031F (USD million)
14.6.4. Transportation and Logistics, 2021-2031F (USD million)
14.6.5. Healthcare and Life Sciences, 2021-2031F (USD million)
14.6.6. Food & Beverage, 2021-2031F (USD million)
14.6.7. Digital Industry, 2021-2031F (USD million)
14.6.8. Others, 2021-2031F (USD million)
14.7. Region

For more information about this report visit https://www.researchandmarkets.com/r/g49ds6

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-82-billion-predictive-maintenance-market-outlook-to-2031-301781867.html

SOURCE Research and Markets