The Global Predictive Maintenance Market size was valued at $4.45 billion in 2020, and is projected to reach $64.25 billion by 2030, growing at a CAGR of 31.0% from 2021 to 2030. Predictive maintenance software is used to monitor the performance and condition of any equipment or machine while operating them. The software observes the equipment using advanced techniques that enables the maintenance of the machinery to be scheduled before any failure occurs. Predictive maintenance software has found its application in various fields like finding three-phase power imbalances from harmonic distortion, identifying motor amperage spikes, overheating from bad bearings, insulation breakdowns and locating potential overloads or degradation in electrical panels. Market Segmentations and Scope of the Study: The global predictive maintenance market is segmented into component, deployment model, technique, stakeholder, industry vertical, and region. Based on component, it is bifurcated into solution and service. According to deployment, the market is classified into cloud and on-premise segments. Further, based on technique the market is divided into vibration monitoring, electrical testing, oil analysis, ultrasonic leak detectors, shock pulse, infrared, and others. Based on stakeholder, the predictive maintenance market is segmented into MRO, OEM/ODM, and technology integrators. Based on industry vertical, it is classified into manufacturing, energy & utilities, aerospace & defense, transportation & logistics, government, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW). Request
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https://www.nextmsc.com/predictive-maintenance-market/request-sample Geographical Analysis: North America dominates the global predictive maintenance market, followed by Europe. This is due to the underlying factors like the presence of large number of service vendors, technological advancements and better awareness about predictive maintenance. However, Asia Pacific will show a steady rise in the adoption of predictive maintenance due to the emerging economies, technological advancement and the need to adopt latest technological innovations for achieving optimum output through proper maintenance of assets. Inquire
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https://www.nextmsc.com/predictive-maintenance-market/inquire-before-buying Competitive Landscape:
The major market players include Asystom, C3.ai, Inc., Engineering Consultants Group, Inc., Expert Microsystems, Inc., Fiix Inc., Operational Excellence (OPEX) Group Ltd, Sigma Industrial Precision, Spark Cognition, TIBCO Software Inc., Uptake Technologies Inc, General Electric, Hitachi, Ltd., International Business Machines Corporation (IBM), Microsoft Corporation, PTC Inc. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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