Predictive Maintenance Market
Predictive Maintenance Market Study by Software and Services for Government & Defense, Manufacturing, Energy & Utilities, Transportation & Logistics, and Healthcare & Life Sciences from 2024 to 2034
Analysis of Predictive Maintenance Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Predictive Maintenance Market Outlook (2024 to 2034)
Growing requirements for real-time streaming analytics for the processing and analysis of data are contributing to expanding predictive maintenance market size. As per this report by Fact.MR, the global predictive maintenance market has been studied to reach a value of US$ 9.1 billion in 2024 and increase at a CAGR of 20.5% to grow to a size of US$ 59 billion by the end of 2034.
Growing use of predictive maintenance services in multiple sectors, such as energy, defense, transportation, aerospace, and manufacturing is positively impacting market dynamics. These solutions are used in tomography, X-ray, and mammography for improving decision-making skills and operation efficiency and are therefore set to positively influence predictive maintenance market trends.
Predictive maintenance depends on sensors for understanding repair requirements. These sensors are believed to be more accurate and precise than human senses. In addition, they can identify internal wear, which is otherwise difficult to analyze directly.
- Demand for predictive maintenance solutions in Japan is anticipated to increase at a CAGR of 21.1% from 2024 to 2034.
- North America is forecast to account for 24.3% of the global predictive maintenance market share by 2034.
- Large enterprises are projected to hold a 54% share of the global market by 2034.
The increasing application of modern technologies for obtaining valuable insights for decision-making is forecast to play a vital role in strengthening the position of market players. In addition, the implementation of IoT and AI-based predictive maintenance solutions for predicting device failures is also positively impacting market growth. Moreover, they also assist various public sector agencies in effective operation, offering expensive assets for longer use, and enhancing supply chain operations.
The primary requirements for using predictive maintenance systems are estimated to increase the effectiveness of machinery and ensure lower maintenance costs. The majority of organizations try to improve process efficiency, optimize resources, reduce costs, and increase profit share by analyzing statistics used in predictive maintenance.
| Report Attributes | Details |
|---|---|
| Predictive Maintenance Market Size (2024E) | US$ 9.1 Billion |
| Forecasted Market Value (2034F) | US$ 59 Billion |
| Global Market Growth Rate (2024 to 2034) | 20.5% CAGR |
| Market Share of Cloud-based Predictive Maintenance Systems (2034F) | 63% |
| East Asia Market Share (2034F) | 23.1% |
| South Korea Market Growth Rate (2024 to 2034) | 21.4% CAGR |
| Key Companies Profiled | IBM; General Electric Company; Microsoft Corporation; Hitachi, Ltd.; Schneider Electric SE; SAP; GE; Siemens; Rockwell Automation; eMaint by Fluke Corporation; Hitachi; PTC; Emerson; ABB; Robert Bosch; SKF |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the Driving Factors for Predictive Maintenance Market Growth?
“Increasing Use of Modern Technologies in This Business Space”
Constant developments in big data, M2M (machine-to-machine) communication, and artificial intelligence are projected to offer new methods for garnering information. Data visualization and big data assist in gaining new perceptivity through batching processing and offline analysis. More organizations are deploying modern methodologies into their respective predefined logical models for the mechanization of data interpretation procedures and obtaining real-time perceptivity. Modern technologies provide organizations with some advanced tools for dissecting real-time data and deciding multiple use cases for IoT.
“Real-time Condition Monitoring”
Developments taking place in M2M communication and big data enable the monitoring of data in real time. Further, real-time inputs from selectors, detectors, and other similar regulatory parameters help in the identification of embryonic asset loss and assist organizations in taking prompt actions. In recent years, asset management has become more popular in multiple sectors. More service providers are deploying AI and ML to convert massive amounts of data related to customers into meaningful insights.
What Issues Do Predictive Maintenance Solution Providers Need to Avert?
“Dearth of Expertise Hampering Market Growth Opportunities”
Experts play a vital role in the operation of modern software systems for the implementation of AI-based IoT technologies. Therefore, workplaces need to have ample expertise in the operation of respective upgraded systems. However, a dearth of skilled laborers, particularly in underdeveloped and potentially high growth countries is anticipated to hamper market growth.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are New Companies Anticipated to Evolve in This Market Space?
“Proliferation of Customer Channels Widening Opportunities for Startups”
Proliferation of various customer channels along with the changing landscape of customer intelligence is anticipated to work as vital factors, which are offering remunerative opportunities for new players trying to enter the market landscape.
Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly updated report that North America is forecasted to contribute a 24.3% share of the global market by the end of 2034. Growing investments in the development of advanced technologies, including AI (artificial intelligence), ML (machine learning), and IoT (Internet of Things), for various process manufacturing industries are projected to create lucrative opportunities for providers of predictive maintenance solutions in the region.
Why are Providers of Predictive Maintenance Services Investing in the United States?
“Participation of Renowned Companies with Increasing Demand for Predictive Maintenance Solutions”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1 Billion |
| Growth Rate (2024 to 2034) | 21% CAGR |
| Projected Value (2034F) | US$ 6.75 Billion |
The United States is evaluated to hold a 45.6% share of the North American market by 2034. The prominence of the country in the region is owing to the presence of various well-established players, which are contributing to market revenue streams. These players are deploying some modern techniques and ensuring heavy investments to offer advanced solutions. In addition, the presence of some key players, including Microsoft, AWS, IBM, etc. is also contributing to the expansion of the market in the United States.
- Amazon Web Services, in April 2021, rolled out its ‘Amazon Lookout for Equipment’, which is a predictive maintenance solution. Furthermore, it uses machine learning to assist in scheduling maintenance work for various equipment with the use of sensors.
Which East Asian Country Will Offer Remunerative Opportunities for Market Players?
“Growing Application of IoT Applications in China”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1 Billion |
| Growth Rate (2024 to 2034) | 20.5% CAGR |
| Projected Value (2034F) | US$ 6.5 Billion |
China is anticipated to account for 47.5% share of the market in East Asia by the end of 2034. Significant growth in IoT applications is expected to contribute to the expansion of the Chinese market. The increasing adoption of various modern technologies, including big data, IIoT, AI, etc., is anticipated to contribute to the market growth in the coming 10 years. In recent years, there has been increasing use of onboard electronics and smart sensors, which are capable of communicating through cloud-based analytics systems. Device vendors are estimated to assess the service requirements along with the working conditions of respective equipment beforehand, which assists in ensuring operation efficiency.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Increasing requirements for maintenance of manufacturing equipment, including elevators, industrial robots, machinery, and pumps for minimizing downtime is estimated to increase demand for predictive maintenance services. More manufacturing companies are utilizing technologies to get deeper insights and monitoring of their operations with the advent of Industry 4.0 to reduce costs and increase production efficiency.
Which Deployment Mode is Favored for Predictive Maintenance Solutions?
“Advantageous Features of Cloud-based Predictive Maintenance Solutions”
| Attribute | Cloud-based |
|---|---|
| Segment Value (2024E) | US$ 6.04 Billion |
| Growth Rate (2024 to 2034) | 19.9% CAGR |
| Projected Value (2034F) | US$ 37.2 Billion |
Cloud-based predictive maintenance solutions are projected to contribute 63% share of global market revenue by 2034. The prominence of these services is due to the benefits provided, including cost efficiency and better compliance and safety. In addition, increased asset utilization of cloud-based predictive maintenance technologies is also widening their application scope.
Why is Demand for Predictive Maintenance Solutions Rising in Large Enterprises?
“Growing Deployment of Predictive Maintenance Services for Getting Specific Details”
| Attribute | Large Enterprises |
|---|---|
| Segment Value (2024E) | US$ 5.49 Billion |
| Growth Rate (2024 to 2034) | 19.2% CAGR |
| Projected Value (2034F) | US$ 31.9 Billion |
Large enterprises are estimated to enjoy a 54% share of the global market by 2034. Predictive manufacturing systems ensure easy access to some particular details about applications and product habits. Further, it also offers economic solutions and eases expenses, which is expected to inhibit unnecessary expenses for organizations globally.
Competitive Landscape
Leading market players are incorporating multiple strategies to enhance their reach around the world. Various strategies, including collaborations, partnerships, acquisitions, etc., are some of the popular methods for helping market players get a competitive edge.
For instance :
- Schneider Electric, in July 2021, came up with EcoStruxtureTM TriconexTM Safety View. This is the first binary safety-and-cybersecurity-certified alarm and bypass operation software with an assiduity feature, which enables drivers to get access to both bypass statuses. These bypasses ensure effective and safe factory operation when pitfalls are comparatively high.
Key players in the predictive maintenance industry are IBM, General Electric Company, Microsoft Corporation, Hitachi, Ltd., Schneider Electric SE, SAP, GE, Siemens, Rockwell Automation, eMaint by Fluke Corporation, Hitachi, PTC, Emerson, ABB, Robert Bosch, and SKF.
Segmentation of Predictive Maintenance Market Research
-
By Component :
- Software
- Services
-
By Organization Size :
- Large Enterprises
- Small & Medium-sized Enterprises
-
By Deployment Mode :
- Cloud-based
- On-premise
-
By Vertical :
- Government & Defense
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Healthcare & Life Sciences
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2018 to 2023 and Forecast 2024 to 2034
- 7. Global Market Value Analysis 2018 to 2023 and Forecast 2024 to 2034
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Organization Size
- 8.1. Small and Medium-sized Enterprises (SMEs)
- 8.2. Large Enterprises
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Vertical
- 9.1. Government and Defense
- 9.2. Manufacturing
- 9.3. Energy and Utilities
- 9.4. Transportation and Logistics
- 9.5. Healthcare and Life Sciences
- 9.6. Others (Agriculture, Telecom, Media, and Retail)
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Deployment Mode
- 10.1. On-premises
- 10.2. Cloud
- 10.2.1. Public Cloud
- 10.2.2. Private Cloud
- 10.2.3. Hybrid Cloud
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Component
- 11.1. Software
- 11.1.1. Integrated
- 11.1.2. Standalone
- 11.2. Services
- 11.3. Managed Services
- 11.4. Professional Services
- 11.4.1. System Integration
- 11.4.2. Support and Maintenance
- 11.4.3. Consulting
- 11.1. Software
- 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. Asia Pacific
- 12.5. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Asia Pacific Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Key Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. IBM
- 20.2. Microsoft Corporation
- 20.3. Schneider Electric SE
- 20.4. Hitachi, Ltd.
- 20.5. General Electric Company
- 20.6. Software AG
- 20.7. TIBCO Software Inc.
- 20.8. Uptake Technologies Inc.
- 20.9. Softweb Solutions Inc.
- 20.10. Asystom
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 02: Global Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 03: Global Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 04: Global Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 05: Global Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 06: Global Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 07: Global Market Value (US$ Mn), By Component, 2018 to 2034
Table 08: Global Market Value (US$ Mn), By Component, 2024 to 2034
Table 09: Global Market, By Region, 2018 to 2034
Table 10: Global Market, By Region, 2024 to 2034
Table 11: North America Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 12: North America Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 13: North America Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 14: North America Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 15: North America Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 16: North America Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 17: North America Market Value (US$ Mn), By Component, 2018 to 2034
Table 18: North America Market Value (US$ Mn), By Component, 2024 to 2034
Table 19: North America Market, By Country, 2018 to 2034
Table 20: North America Market, By Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 22: Latin America Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 23: Latin America Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 24: Latin America Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 26: Latin America Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn), By Component, 2018 to 2034
Table 28: Latin America Market Value (US$ Mn), By Component, 2024 to 2034
Table 29: Latin America Market, By Country, 2018 to 2034
Table 30: Latin America Market, By Country, 2024 to 2034
Table 31: Europe Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 32: Europe Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 33: Europe Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 34: Europe Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 35: Europe Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 36: Europe Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 37: Europe Market Value (US$ Mn), By Component, 2018 to 2034
Table 38: Europe Market Value (US$ Mn), By Component, 2024 to 2034
Table 39: Europe Market, By Country, 2018 to 2034
Table 40: Europe Market, By Country, 2024 to 2034
Table 41: Asia Pacific Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 42: Asia Pacific Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 43: Asia Pacific Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 44: Asia Pacific Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 45: Asia Pacific Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 46: Asia Pacific Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 47: Asia Pacific Market Value (US$ Mn), By Component, 2018 to 2034
Table 48: Asia Pacific Market Value (US$ Mn), By Component, 2024 to 2034
Table 49: Asia Pacific Market, By Country, 2018 to 2034
Table 50: Asia Pacific Market, By Country, 2024 to 2034
Table 51: MEA Market Value (US$ Mn),By Organization Size, 2018 to 2034
Table 52: MEA Market Value (US$ Mn),By Organization Size, 2024 to 2034
Table 53: MEA Market Value (US$ Mn), By Vertical, 2018 to 2034
Table 54: MEA Market Value (US$ Mn), By Vertical, 2024 to 2034
Table 55: MEA Market Value (US$ Mn), By Deployment Mode, 2018 to 2034
Table 56: MEA Market Value (US$ Mn), By Deployment Mode, 2024 to 2034
Table 57: MEA Market Value (US$ Mn), By Component, 2018 to 2034
Table 58: MEA Market Value (US$ Mn), By Component, 2024 to 2034
Table 59: MEA Market, By Country, 2018 to 2034
Table 60: MEA Market, By Country, 2024 to 2034
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 02: Global Market Absolute $ Historical Gain (2018 to 2023) and Opportunity (2024 to 2034), US$ Mn
Figure 03: Global Market Share, By Organization Size, 2023 & 2034
Figure 04: Global Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 05: Global Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 06: Global Market Share, By Vertical, 2023 & 2034
Figure 07: Global Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 08: Global Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 09: Global Market Share, By Component, 2023 & 2034
Figure 10: Global Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 11: Global Market Attractiveness Index, By Component – 2024 to 2034
Figure 12: Global Market Share, By Deployment Mode, 2023 & 2034
Figure 13: Global Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 14: Global Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 15: Global Market Share, By Region, 2023 & 2034
Figure 16: Global Market Y-o-Y Growth Projections, By Region – 2024 to 2034
Figure 17: Global Market Attractiveness Index, By Region – 2024 to 2034
Figure 18: North America Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 19: North America Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 20: North America Market Share, By Organization Size, 2023 & 2034
Figure 21: North America Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 22: North America Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 23: North America Market Share, By Vertical, 2023 & 2034
Figure 24: North America Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 25: North America Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 26: North America Market Share, By Component, 2023 & 2034
Figure 27: North America Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 28: North America Market Attractiveness Index, By Component – 2024 to 2034
Figure 29: North America Market Share, By Deployment Mode, 2023 & 2034
Figure 30: North America Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 31: North America Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 32: North America Market Share, By Country, 2023 & 2034
Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 34: North America Market Attractiveness Index, By Country – 2024 to 2034
Figure 35: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 36: Latin America Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 37: Latin America Market Share, By Organization Size, 2023 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 39: Latin America Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 40: Latin America Market Share, By Vertical, 2023 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 42: Latin America Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 43: Latin America Market Share, By Component, 2023 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 45: Latin America Market Attractiveness Index, By Component – 2024 to 2034
Figure 46: Latin America Market Share, By Deployment Mode, 2023 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 48: Latin America Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 49: Latin America Market Share, By Country, 2023 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 51: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Figure 52: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 53: Europe Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 54: Europe Market Share, By Organization Size, 2023 & 2034
Figure 55: Europe Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 56: Europe Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 57: Europe Market Share, By Vertical, 2023 & 2034
Figure 58: Europe Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 59: Europe Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 60: Europe Market Share, By Component, 2023 & 2034
Figure 61: Europe Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 62: Europe Market Attractiveness Index, By Component – 2024 to 2034
Figure 63: Europe Market Share, By Deployment Mode, 2023 & 2034
Figure 64: Europe Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 65: Europe Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 66: Europe Market Share, By Country, 2023 & 2034
Figure 67: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 68: Europe Market Attractiveness Index, By Country – 2024 to 2034
Figure 69: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 70: MEA Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 71: MEA Market Share, By Organization Size, 2023 & 2034
Figure 72: MEA Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 73: MEA Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 74: MEA Market Share, By Vertical, 2023 & 2034
Figure 75: MEA Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 76: MEA Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 77: MEA Market Share, By Component, 2023 & 2034
Figure 78: MEA Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 79: MEA Market Attractiveness Index, By Component – 2024 to 2034
Figure 80: MEA Market Share, By Deployment Mode, 2023 & 2034
Figure 81: MEA Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 82: MEA Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 83: MEA Market Share, By Country, 2023 & 2034
Figure 84: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 85: MEA Market Attractiveness Index, By Country – 2024 to 2034
Figure 86: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2024 to 2034
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 88: Asia Pacific Market Share, By Organization Size, 2023 & 2034
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Organization Size – 2024 to 2034
Figure 90: Asia Pacific Market Attractiveness Index, By Organization Size – 2024 to 2034
Figure 91: Asia Pacific Market Share, By Vertical, 2023 & 2034
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Figure 93: Asia Pacific Market Attractiveness Index, By Vertical – 2024 to 2034
Figure 94: Asia Pacific Market Share, By Component, 2023 & 2034
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Component – 2024 to 2034
Figure 96: Asia Pacific Market Attractiveness Index, By Component – 2024 to 2034
Figure 97: Asia Pacific Market Share, By Deployment Mode, 2023 & 2034
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Deployment Mode – 2024 to 2034
Figure 99: Asia Pacific Market Attractiveness Index, By Deployment Mode – 2024 to 2034
Figure 100: Asia Pacific Market Share, By Country, 2023 & 2034
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 102: Asia Pacific Market Attractiveness Index, By Country – 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the size of the predictive maintenance market in 2024?
The global predictive maintenance market is valued at US$ 9.1 billion in 2024.
What is the demand projection for predictive maintenance solutions for 2034?
Global demand for predictive maintenance solutions is expected to reach a value of US$ 59 billion by 2034.
At what CAGR is the market projected to increase from 2024 to 2034?
The global market is forecasted to advance at 20.5% CAGR from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is evaluated to account for 24.3% of global market revenue by the end of 2034.
What is the anticipated growth rate of predictive maintenance services in Japan?
Sales of predictive maintenance systems in Japan are forecasted to rise at 21.1% CAGR from 2024 to 2034.
How much share of the global market are cloud-based predictive maintenance solutions estimated to account for?
Cloud-based predictive maintenance services are approximated to contribute 63% share of the global market by 2034-end.
Which industries use predictive maintenance solutions on a wide scale?
Aerospace, energy, manufacturing, and automotive use predictive maintenance services to save money while minimizing downtime and preventing equipment failure.
Predictive Maintenance Market