The Global Predictive Maintenance Market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 – 2030.
Growing demand for operational efficiency with reduced cost along with rising need of industrial safety are some of the drivers for the predictive maintenance market growth.The global predictive maintenance market size was valued at $4.16 billion in 2019, and is projected to reach $39.12 billion by 2030, growing at a CAGR of 22.6% from 2020 to 2030.Predictive Maintenance software helps in tracking the performance of any equipment or machine and highlights maintenance requirements before any failure occurs.
However, the drawbacks such as high cost of installation and misinterpretation of data leading to false requests is hindering the market growth of predictive maintenance.Access Full Description of this report at:- https://www.nextmsc.com/report/predictive-maintenance-market Top Companies: 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 and others.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.
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 region, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW).Request sample copy of this report at:- https://www.nextmsc.com/predictive-maintenance-market/request-sample North America dominates the global predictive market, followed by Europe.