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Predictive Maintenance Market – Opportunities & Forecast, 2020-2027

The predictive maintenance market report, published by GMI Research, provides extensive insight and analysis of the predictive maintenance market over the forecast period (2020-2027). The report primarily focuses on the key business financials, product portfolio, expansion strategies, and recent developments in the predictive maintenance market. The research report also studies the competitive environment of the predictive maintenance market based on the company profiles and their efforts on increasing product value and production.

Leading Players in the Predictive Maintenance Market

The notable players in the predictive maintenance market include SAP SE, General Electric, Schneider Electric, Hitachi, Ltd., PTC Inc., IBM Corporation, Microsoft Corporation, Software AG, SAS Institute Inc., SparkCognition, C3.ai, Inc., Uptake Technologies Inc., Fiix Inc., Operational Excellence (Opex) Group Ltd, Engineering Consultants Group, Inc., Expert Microsystems, Inc., TIBCO Software Inc., Asystom, and Sigma Industrial Precision, among others.

Key Drivers in the Predictive Maintenance Market

The predictive maintenance market is projected to experience strong demand owing to the increasing requirement of predictive maintenance as a result of its ability to control the damages caused by the breakdown issues. Additionally, other major factors contributing to the growth of the predictive maintenance market growth include the reduction in the operational cost and enhanced sustainable production capabilities. The predictive maintenance strategy helps in reducing the severe damage to machinery as well as the major breakdown issues which result in heavy loss of operating income to the company.

The accelerating demand for implementation of automation will further surge the demand of the predictive maintenance market over the coming years. According to the predictive maintenance market forecast, the heavy investment cost and lack of skilled people for operations are the major factors that will restrain the growth of the market.

Market Segmentation

Predictive Maintenance Market by Application:

  • Monitoring
  • Decision Making

Predictive Maintenance Market by End User:

  • Automotive
  • Transportation
  • Aerospace and Defence
  • Others

Predictive Maintenance Market by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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Written by Sophia Jonson

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