Predictive Maintenance Market – Future Scope, Industry Trends and Forecast to 2026

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Predictive Maintenance Market  Future Scope,
Industry Trends and Forecast to 2026
Predictive Maintenance Market By Component
(Solutions, Services), Deployment Mode (Cloud,
On-Premise), Organization Size (Large
Enterprises, Small and Medium-Sized Enterprises),
Vertical (Government and Defense, Manufacturing,
Energy and Utilities, Transportation and
Logistics, Healthcare and Life Sciences, Others),
Technique (Vibration Monitoring, Electrical
Insulation, Oil Analysis, Ultrasonic Leak
Detectors, Shock Pulse, Performance Testing,
Others), Geography (North America, South America,
Europe, Asia-Pacific, Middle East and Africa) -
Industry Trends and Forecast to 2026
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Report Description
Global predictive maintenance market is set to
witness a healthy CAGR of 29.22 in the forecast
period of 2019 to 2026. The report contains data
of the base year 2018 and historic year 2017.
This rise in the market can be attributed due to
the surging dependence on big data and emerging
concepts such as the Internet of Things (IoT) is
contributing to the growth of the
market. Predictive maintenance is a technique
which helps to determine the condition of the
equipment and machines in the enterprise. It
helps the enterprises by providing information
about the failure of the machines so accordingly
the plans to replace the machine can be prepared.
It saves the time as well as it helps in the
reduction of cost for the enterprises. There are
various parameters such as the temperature of the
machine and vibration in the parts of machines
which helps to identify the condition of the
machine. Predictive maintenance is used by
enterprises to improve their production and
operational efficiency. This has increased the
demand globally.
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Major Key Players

• Some of the major players operating in this
  market are
• Deloitte, Fiix Inc.
• Augury
• GENERAL ELECTRIC
• Honeywell International Inc.
• IBM Corporation
• SAP SE, Rockwell Automation Inc.
• Hitachi, Ltd.
• Senseye Ltd, T-Systems
• Schneider Electric
• Dell
• Bosch Software Innovations GmbH

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Market Segmentation

• By Component (Solutions, Services)
• By Deployment Mode (Cloud, On-Premise)
• By Vertical (Government and Defense,
  Manufacturing, Energy and Utilities,
  Transportation and Logistics, Healthcare and Life
  Sciences, Others)

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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