Predictive Maintenance Market to Reach USD 18,551.0 Million by 2026 Driven by the Increasing Industrialization Across the World, says Fortune Business Insights™

Pune, Feb. 19, 2020 (GLOBE NEWSWIRE) — The global predictive maintenance size is projected to reach USD 18,551.0 million by 2026. The use of cloud computation has emerged in favor of market growth. According to a report published by Fortune Business Insights, titled “Predictive Maintenance Market Size, Share & Industry Analysis, By Component (Solution, Services), By Techniques (Power System Assessments, Infrared thermography, Temperature Monitoring, Fluid Analysis, Circuit Monitor Analysis, Vibration Monitoring, and Others), By Deployment (On-Premises and Cloud), By Organization Size (Small and Middle Enterprises (SMEs) and Large Enterprises), By End-User (Manufacturing, Government, Energy and Utilities, Transportation, Healthcare, Aerospace and Defence, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 2,387.6 million in 2018 and will exhibit a CAGR of 29.8% during the forecast period, 2019-2026.Predictive maintenance is a method that makes use of real-time condition monitoring tools that helps track the performance of any machine or equipment. This method will help detect and fix the errors that occur in the operation of the specific equipment. This will help detect failures in the machinery in future, thereby leading to reduced costs. The increasing demand for maintenance solutions across diverse industry verticals will emerge in favor of market growth. Growing applications of predictive maintenance in the manufacturing industry will have a positive impact on the growth of the market in the forthcoming years.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.fortunebusinessinsights.com/predictive-maintenance-market-102104

Increasing Number of Company Mergers Will Create Several Opportunities for Market GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers has made a huge impact on market growth. In 2019, Cisco systems, Inc. announced the acquisition of Cloudcherry, a company that is engaged in providing customer experience management. The company makes use of predictive analytics within in its maintenance services. Through this acquisition, the company will look to establish a strong presence in the market, and in doing so, generate huge revenues in the coming years.North America to Emerge Dominant; Adoption of Cloud in Predictive Software by Major Companies in this Region to Aid GrowthThe market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years driven by the adoption of advanced concepts in predictive maintenance tools by major companies. The huge investment in the research and development of products will have a positive impact on the growth of the regional market. As of 2018, the market in North America was worth USD 774.3 million. Accounting to the presence of several large scale companies in this region, the market will be worth USD 5,454.0 million by the end of 2026. Besides North America, the market in Europe will witness considerable growth in the coming years.
Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/predictive-maintenance-market-102104

List of the leading companies that are operating in the global predictive maintenance market are:IBM CorporationMicrosoft CorporationSAP SESchneider Electric SEHitachi, Ltd.SAS Institute, Inc.Oracle CorporationSiemens AGSparkCognitionAxiomtek Co., Ltd.Banner Engineering Corp.Sigma ITRFMicron, Inc. d/b/a AxzonLarsen & Toubro Infotech Ltd.Predictive Maintenance Solutions, LLCFujitsu Ltd.Software AGEngineering Consultants Group, Inc.Industry Developments:IBM Corporation announced that it has completed the acquisition of Oniqua Holdings Pty Ltd. The company is a leading provider of maintenance, repair, and operations optimization software. Through this acquisition, the company will look to establish a strong presence in the market and subsequently expand its consumer base across the world.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/predictive-maintenance-market-102104

Table of Content:IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints, and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersGlobal Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights, and Forecast – By Component (Value)SolutionStandaloneIntegratedServicesConsultingDeployment and InstallationSupport and MaintenanceMarket Analysis, Insights, and Forecast – By Techniques (Value)Power System AssessmentsInfrared thermographyTemperature MonitoringFluid AnalysisCircuit Monitor AnalysisVibration MonitoringOthersMarket Analysis, Insights, and Forecast – By Deployment (Value)On-PremisesCloudMarket Analysis, Insights, and Forecast – By Organization Size (Value)Small and Middle Enterprises (SMEs)Large EnterprisesMarket Analysis, Insights, and Forecast – By End-user (Value)ManufacturingGovernmentEnergy and UtilitiesTransportationHealthcareAerospace and DefenseOthers Market Analysis, Insights, and Forecast – By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaContinued..!!!

Request for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/predictive-maintenance-market-102104
Browse Related Reports:Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing) and Region Forecast, 2020-2027Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026Artificial Intelligence (AI) Market Size, Share and Global Trend by Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Geography Forecast till 2026Blockchain Technology Market Size, Share and Industry Analysis by Product Type (Vertical Solutions, Blockchain-as-a-Service), Deployment, Industry Vertical (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Ent., Retail & Consumer Goods, Travel and Transportation), and Regional Forecast 2018-2025Internet of Things (IoT) in Manufacturing Market Size, Share & Industry Analysis, By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution and Services), By Application (Predictive Maintenance, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Emergency and Incident Management and Others) and Regional Forecast, 2019-2026Push-To-Talk Market Size, Share and Industry Analysis by Network (PoC, LMR), Component (Hardware, Software, Services), Application (Public Safety & Security, Transportation & Logistics, Manufacturing & Construction, Travel & Hospitality Defense), And Regional Forecast 2018-2025Mobile Virtual Network Operators Market Size, Share and Industry Analysis by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Regional Forecast 2018-2025Home Automation Market Size, Share and Industry Analysis by Product Type (Luxury, Mainstream, Managed, DIY Do It Yourself Home Automation System), Application (Safety and Security, Lighting, Entertainment, Heating, Ventilation and Air conditioning), Networking Technology (Wired & Wireless) and Regional Forecast 2018-2025Identity And Access Management Market Size, Share and Industry Analysis By Component (Provisioning, Directory Services, Single Sign-On, Others), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and Consumer Packed Goods, Others) And Regional Forecast 2019-2026Contact Center Software Market Size, Share and Industry Analysis By Component (Solutions & Services), By Organization Size (Large & Small & Medium Enterprises (SMEs)), By Deployment (Cloud & On-Premises), By Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Government, and others), and Regional Forecast, 2019-20265G Infrastructure Market Size, Share and Industry Analysis By Component (Fibers, Cables, Antenna, Transceiver, Wireless Backhaul, Modem, Router), By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)), and Regional Forecast 2019-2026About us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release: https://www.fortunebusinessinsights.com/press-release/predictive-maintenance-market-9602