Predictive Maintenance Market Report 2023-2028: Explains Recent Trends, Growth

1. Predictive Maintenance Market Report 2023 By Component, Technique, Deployment Type, Organization Size and Industry Vertical Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | IMARC Group Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. About IMARC Group Report Description The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Predictive Maintenance Market Outlook 2023-2028: The global predictive maintenance market size reached US$ 8.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.9 Billion by 2028, exhibiting a growth rate (CAGR) of 27.54% during 2023-2028. Predictive maintenance is a maintenance strategy that uses data analysis and machine learning (ML) techniques to predict equipment failure and maintenance requirements. It aids in reducing unplanned downtime and extending equipment life. It also assists in improving equipment reliability by reducing the frequency and duration of equipment downtime. As a result, predictive maintenance is widely employed in numerous industries, including manufacturing, energy and utilities, aerospace and defense, transportation and logistics, government, and healthcare, across the globe.

4. Report Description and Highlights Report Description Global Predictive Maintenance Market Trends: The market is primarily driven by the increasing utilization of machine-to-machine (M2M) communication and cloud technology to investigate the information derived from industrial assets. In addition, the rising adoption of the Internet of things (IoT), artificial intelligence (AI), cloud computing, and machine learning (ML) for analyzing crucial data represents another growth-inducing factor. Furthermore, the growing applications of predictive maintenance in tomography, mammography, and X-ray, to enhance operational efficiencies and decision-making capabilities are propelling the market growth. Moreover, the rising investments in predictive maintenance, owning to its ability to predict equipment failure and extend the lifespan of industrial machinery, are also creating a positive market outlook across the globe. Request for a free sample report: https://www.imarcgroup.com/predictive-maintenance-market/requestsample

5. Report Description and Highlights Report Description • Market Summary: • Breakup by Component: • Solution • Service • Breakup by Technique: • Vibration Monitoring • Electrical Testing • Oil Analysis • Ultrasonic Leak Detectors • Shock Pulse • Infrared • Others

6. Report Description and Highlights Report Description • Breakup by Industry Vertical: • Manufacturing • Energy and Utilities • Aerospace and Defense • Transportation and Logistics • Government • Healthcare • Others • Breakup by Organization Size: • Small and Medium-sized Enterprises • Large Enterprises

7. Report Description and Highlights Report Description • Breakup by Deployment Type: • Cloud-based • On-premises • Breakup by Region: • North America • Europe • Asia Pacific • Middle East and Africa • Latin America • On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.

8. Report Description and Highlights Report Description • Competitive Landscape With Key player: • Asystom • C3.ai Inc. • General Electric Company • Google LLC (Alphabet Inc.) • Hitachi Ltd. • International Business Machines Corporation • Microsoft Corporation • PTC Inc. • SAP SE • Software AG • Tibco Software Inc. • Uptake Technologies Inc. • View Report TOC, Figures and Tables: https://www.imarcgroup.com/predictive-maintenance-market

9. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

10. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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