Predictive Maintenance (PdM) Market to grow by USD 16.57 billion growth between 2022 - 2027 | Growth Driven by Increased adoption of advanced analytics by SMEs owing to rise in cloud computing - Technavio
NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The Predictive Maintenance (PdM) Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the predictive maintenance (PdM) market between 2022 and 2027 is USD 16.57 billion.
The increased adoption of advanced analytics by SMEs owing to the rise in cloud computing is notably driving market growth. The cloud PdM tools adoption provides SMEs with new opportunities by leveraging technologies, such as mobility, AI, and IoT. PdM tools are adopted through the cloud across SMEs for better management of business operations through a centralized management system, with improved collaboration, productivity, simplified compliance, and risk management. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Key Companies in the Predictive Maintenance (PdM) market:
Augury Inc., Avnet Inc., C3.ai Inc., Dell Technologies Inc., Deutsche Telekom AG, Fortive Corp., General Electric Co., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., PTC Inc., RapidMiner Inc., Reliability Solutions sp. z o.o., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, SAS Institute Inc., Schneider Electric SE, Siemens AG, Warwick Analytics Services Ltd.
The industrial predictive maintenance market share in APAC is expected to increase by USD 7.44 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 34.71%.
The predictive analytics market size is estimated to grow at a CAGR of 22.24% between 2022 and 2027. The market size is forecast to increase by USD 2,1601.17 million.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Deployment
Market Segmentation by Geography
Drivers, Challenges, & Trends
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