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Predictive Maintenance Market Worth 4,904.0 Million USD by 2021


News provided by

MarketsandMarkets

10 Mar, 2017, 11:30 GMT

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PUNE, India, March 10, 2017 /PRNewswire/ --

According to a new market research report "Predictive Maintenance Market by Component, Deployment Type (Cloud and on-Premises), Organization Size (SMES and Enterprises), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 1,404.3 Million in 2016 to USD 4,904.0 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 28.4% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 48 market data Tables and 30 Figures spread through 114 Pages and in-depth TOC on "Predictive Maintenance Market"

http://www.marketsandmarkets.com/Market-Reports/operational-predictive-maintenance-market-8656856.html

Early buyers will receive 10% customization on this report. 

Predictive maintenance solutions are gaining popularity with its increasing usage across all the major verticals, such as government, aerospace & defense, manufacturing, energy & utilities, healthcare, and transportation & logistics. One of the main reasons for the increasing usage is the ability of these software solutions to precisely predict asset failure, enabling enterprises to take the asset out of production just before it is to fail, thus ensuring production is not hampered in any way due to the failure of the asset.

Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=8656856

The manufacturing vertical is expected to hold the largest market size 

The manufacturing vertical has the largest market size in the Predictive Maintenance Market. The manufacturers are seeing maintenance as a strategic business function, as lowering the maintenance cost is expected to help increase profitability.

The cloud deployment type is expected to grow at the highest CAGR during the forecast period 

The cloud-based Predictive Maintenance Market is expected to grow at the highest CAGR, as cloud-based predictive maintenance would enable enterprises to reduce their dependence on IT, data mining specialist, and data integration.

North America is expected to contribute to the largest market share; APAC to grow at the fastest rate 

North America is estimated to have the largest market share and is expected to dominate the Predictive Maintenance Market from 2016 to 2021, due to the presence of a large number of solution and service vendors. Asia-Pacific (APAC) offers potential growth opportunities for the Predictive Maintenance Market to grow, as countries in APAC are investing heavily to increase the efficiency of production assets.

The major vendors in the Predictive Maintenance Market include IBM (U.S.), SAP SE (Germany), Software AG (Germany), General Electric (U.S.), Robert Bosch (Germany), Rockwell Automation (U.S.), PTC (U.S.), Warwick Analytics (U.K.), RapidMiner (U.S.), and SKF (Sweden).

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=8656856

Browse Related Reports 

Predictive Analytics Market by Business Function, Applications (Risk Management, Operations Management, Sales Management, Supply Chain Management, Workforce Management), Organization Size, Deployment Model, Vertical, & by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html

Internet of Things (IoT) in Utility Market by Software (Analytics, Security, Smart Grid Management, Predictive Asset Maintenance, and CIS & Billing System), Platform, Service, Application, and by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/iot-utility-market-116054824.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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