Predictive Maintenance Market

Predictive Maintenance Market by Component (Hardware, Solution (Deployment Mode), & Services), Technology, Technique (Vibration Analysis, Infrared Thermography, Motor Circuit Analysis), Organization Size, Vertical, & Region - Global Forecast to 2029

Report Code: TC 4154 Mar, 2024, by marketsandmarkets.com

[376 Pages Report] The global market for the predictive maintenance market is projected to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The predictive maintenance market is propelled by several factors, including the rising adoption of emerging technologies for obtaining valuable insights, the emergence of machine learning (ML) and artificial intelligence (AI), and the increasing demand to minimize maintenance costs, equipment failures, and downtime.

Predictive Maintenance Market

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Predictive Maintenance Market Opportunities

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Market Dynamics

Driver: Advent of ML and AI

Digitalization in the current day and age has exponentially transformed the landscape of predictive maintenance, thereby encouraging predictive maintenance vendors and service providers to adopt digitized systems for in-store activities. Organizations are increasingly focusing on the re-engineering of businesses with the help of the immense power of the internet and digital technology. The advent of AI and ML has enhanced organizations’ ability to gather information, analyze it, and perform quick actions with minimum human intervention. Organizations are also adopting AI systems to speed up investment decisions. According to an industry expert, the use of machine learning to detect machine and system faults early extends the service life of facility machinery by 30 percent on average. Organizations that use a predictive maintenance approach minimize not only the degree of damages but also the spread of problems. This is because a problem with a low-cost part might lead to damage to a critical component, shortening the asset lifecycle.

Restraint: Lack of skilled workforce

Skilled personnel are essential for managing the latest software systems used to deploy AI-based IoT technologies and capabilities. Therefore, it is imperative to train existing employees on how to operate these new and upgraded systems. Additionally, industries are actively adopting new technologies but are encountering challenges due to a shortage of highly skilled and proficient workers. With many global vendors initiating predictive maintenance projects, there is a growing demand for a skilled workforce. Companies must develop expertise in areas such as cybersecurity, networking, and applications. They also aim to leverage IoT data for predictive analysis, failure prevention, operational optimization, product innovation, and advanced analytics incorporating AI and ML technologies.

Opportunity: Real-time condition monitoring to assist in taking rapid actions

Enhanced asset management is increasingly essential across diverse industries. Providers equipped with AI and ML capabilities can gather and transform vast amounts of customer-related data into actionable insights, particularly as IoT generates significant data from interconnected devices. AI can also be integrated with IoT devices to optimize service delivery aspects like predictive maintenance and quality assessment, eliminating the need for manual intervention. AI-driven IoT solutions are already gaining traction in various sectors, a trend expected to continue as technology advances. Real-time data from sensors, actuators, and control parameters not only forecast potential asset failures but also enable companies to monitor operations in real-time and take immediate actions when necessary.

Challenge: The requirement of frequent maintenance and upgradation to keep the systems updated

Enterprises are increasingly embracing AI-based IoT solutions for predictive maintenance and to enhance the customer experience. In this market landscape, vendors must develop predictive maintenance systems with a focus on two critical factors: maintenance and updates. An AI-based IoT system requires regular updates and maintenance to align with evolving business needs and implement technological advancements. This includes upgrading the software to accommodate new components and integrating the new system with existing ones. However, as the number of systems grows, so does the maintenance cost. Managing and upgrading AI-based IoT systems poses a significant challenge for companies aiming to provide uninterrupted solutions to their clients.

Predictive Maintenance Market Ecosystem

The predictive maintenance ecosystem comprises hardware providers supplying sensors and monitoring devices, solution providers offering software for data analysis and predictive modelling, service providers delivering consulting, implementation, and managed services, data management, and analytics providers specializing in processing and deriving insights from maintenance data, and regulatory bodies setting standards and guidelines to ensure reliability and safety.

Top Companies in Predictive Maintenance Market

By Vertical, Energy & Utilities segment accounts for the largest market size during the forecast period.

The energy & utilities sector conventionally relies on time-based preventive maintenance to look after its assets, leading to static maintenance routines prone to errors and delays. However, AI or machine learning (ML)-driven predictive maintenance solutions usher in intelligence-based maintenance, enabling energy companies, including those in the oil and gas sector, to leverage historical and real-time data for accurate asset and infrastructure condition forecasting. Oil and gas production plants, with their highly hazardous nature, often necessitate complete shutdowns for planned and unplanned maintenance, and unidentified faults can lead to resource leakage, safety risks, and capital loss. To address these challenges, startups develop predictive maintenance platforms utilizing AI, ML, and predictive analytics to swiftly identify asset anomalies, allowing oil and gas plant operators to detect deviations in pumps, vessels, pipelines, tanks, and drills for better maintenance planning and reduced downtimes. This approach also reduces the need for continuous manual inspections of critical infrastructures, saving labor hours and improving productivity.

By Solution, Standalone segment is projected to grow at the highest CAGR during the forecast period.

Initially, predictive maintenance was integrated into IoT suites and platforms as a basic capability. However, given the escalating volume of operational data generated by organizations today, there's a growing demand for advanced predictive maintenance solutions. These advanced solutions empower organizations to transition from reactive to proactive maintenance processes. Standalone predictive maintenance solutions meet this rising need for advanced capabilities by employing vertical-focused and automated maintenance techniques. They offer flexibility and a variety of optional features, enabling enterprises to forecast equipment failures based on historical data from operational machines, leading to cost savings and reduced downtime. Although standalone software lacks customization capabilities, its affordability makes it popular among small and mid-sized enterprises. Standalone solution providers also offer support for integrating their predictive maintenance solutions into various leading IoT suites.

North America to account for the largest market size during the forecast period.

North America is expected to be the largest contributor to the adoption of AI technologies. The countries considered for the analysis of the North American predictive maintenance market are the US and Canada. Both countries have heavily invested in R&D activities, contributing to the growth of new technologies. Companies in various countries of this region, especially in the US, are leveraging AI, IoT, ML, and deep learning technologies in their business processes to gain a competitive edge in the market. The countries in this region have a well-established economy, enabling predictive maintenance vendors to invest in technological advancements and innovation. Additionally, the region is known as the center of innovation as IT giants are launching new offerings and aggressively collaborating with the predictive maintenance market. The government and public sector have also joined the race to become technologically advanced to cater to a larger customer base. North America is contributing significantly to the predictive maintenance market and is expected to grow at a good pace. Furthermore, the presence of global vendors, such as IBM, Microsoft, General Electric, and Fiix Software, plays a vital role in the adoption of predictive maintenance solutions in the market.

North American Predictive Maintenance Market Size, and Share

Key Market Players

The major predictive maintenance hardware, solution and service providers include IBM (US) , ABB (Switzerland), Schneider Electric (France), AWS (US), Google (US) , Microsoft (US), Hitachi (Japan), SAP (Germany), SAS Institute (US), Software AG (Germany), TIBCO Software (US), Altair (US), Oracle (US), Splunk (US), C3.ai (US), Emerson (US), GE (US), Honeywell (US), Siemens (Germany), PTC (US), Dingo (Australia), Uptake (US), Samotics (Netherlands), WaveScan (Singapore), Quadrical Ai (Canada), UpKeep (US), Limble (US), SenseGrow (US), Presage Insights (India), Falcon Labs (India). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the predictive maintenance market.

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2019

Forecast units

USD Billion

Segments Covered

Component (Hardware, Solution [Solution by Deployment mode {Cloud (Public, Private, Hybrid) & On-premises}] & Services), Technology (Analytics & Data Management, Artificial Intelligence, IoT Platform, Sensors & Other Devices), Technique (Vibration Analysis, Infrared Thermography, Acoustic Monitoring, Oil Analysis, Motor Circuit Analysis, Other Techniques) Organization size (Large Enterprises, SMEs), Vertical (Energy & Utilities, Manufacturing, Automotive & Transportation, Aerospace & Defense, Construction & Mining, Healthcare, Telecommunications) and Region.

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Companies covered

IBM (US), ABB (Switzerland), Schneider Electric (France), AWS (US), Google (US), Microsoft (US), Hitachi (Japan), SAP (Germany), SAS Institute (US), Software AG (Germany), TIBCO Software (US), Altair (US), Oracle (US), Splunk (US), C3.ai (US), Emerson (US), GE (US), Honeywell (US), Siemens (Germany), PTC (US), Dingo (Australia), Uptake (US), Samotics (Netherlands), WaveScan (Singapore), Quadrical Ai (Canada), UpKeep (US), Limble (US), SenseGrow (US), Presage Insights (India), Falcon Labs (India).

This research report categorizes the predictive maintenance market based on component (hardware, solution [By deployment mode] & services), technology, technique, organization size, vertical and region.

Component:
  • Hardware
  • Solution
    • Integrated
    • Standalone
  • Solution By Deployment Mode
    • Cloud
    • On-premises
  • Services
    • Professional Services
      • System Integration
      • Support & Maintenance
      • Consulting
    • Managed Services
By Technology:
  • Analytics & Data Management
  • Artificial Intelligence (AI)
  • Internet Of Things (IoT) Platform
  • Sensors and Other Devices
By Technique:
  • Vibration Analysis
  • Infrared Thermography
  • Acoustic Monitoring
  • Oil Analysis
  • Motor Circuit Analysis
  • Other Techniques
By Organization Size:
  • Large Enterprises
  • SMEs
By Vertical:
  • Energy & Utilities (includes oil and gas)
  • Manufacturing
  • Automotive & Transportation
  • Aerospace & Defense
  • Construction & Mining
  • Healthcare
  • Telecommunications
  • Other Verticals (Retail, Agriculture, Logistics)
By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments:

  • In January 2024, Siemens and AWS deepened their collaboration to simplify the development and scaling of generative artificial intelligence (AI) applications for businesses across various industries and sizes. This partnership enables domain experts in fields like engineering, manufacturing, logistics, insurance, or banking to leverage advanced generative AI technology to create and enhance applications efficiently.
  • In December 2023, ABB enhanced its ABB Ability Field Information Manager (FIM 3.0) to provide system engineers and maintenance teams with enhanced connectivity and expanded reach across the latest communication protocols.
  • In June 2023, Qatar Airways and Google Cloud partnered to create innovative data and artificial intelligence (AI) solutions tailored for the airline industry. This collaboration will concentrate on enhancing areas like predictive maintenance, passenger experience, and cargo operations, aiming to elevate efficiency and customer satisfaction within the airline sector.
  • In April 2023, TrendMiner launched an updated version of its predictive maintenance software, the Digital Twin Manager. This release includes enhanced support for cloud data sources from AWS and Microsoft, along with interactive search functionality, enabling users to make data-driven decisions more efficiently.
  • In January 2023, AVEVA, a global leader in industrial software, finalized its acquisition by Schneider Electric. AVEVA's strategic objective is to emerge as the top Software as a Service (SaaS) provider in software and industrial information, transitioning to a subscription-only business model.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATE, 2019–2023
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA 
           FIGURE 1 PREDICTIVE MAINTENANCE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    TABLE 2 LIST OF PRIMARY INTERVIEWS
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION 
           FIGURE 2 PREDICTIVE MAINTENANCE MARKET: DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 4 APPROACH 1 (SUPPLY SIDE): REVENUE OF HARDWARE/SOLUTIONS/SERVICES OF PREDICTIVE MAINTENANCE MARKET
                    FIGURE 5 APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL MARKET HARDWARE/SOLUTIONS/SERVICES
                    FIGURE 6 APPROACH 3, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL MARKET HARDWARE/SOLUTIONS/SERVICES
                    FIGURE 7 APPROACH 4, BOTTOM-UP (DEMAND SIDE): SHARE OF MARKET THROUGH OVERALL MARKET SPENDING
    2.4 PREDICTIVE MAINTENANCE MARKET FORECAST 
           TABLE 3 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS 
    2.7 IMPACT OF RECESSION ON GLOBAL PREDICTIVE MAINTENANCE MARKET
           TABLE 4 RECESSION IMPACT ON MARKET
 
3 EXECUTIVE SUMMARY (Page No. - 59)
    TABLE 5 PREDICTIVE MAINTENANCE MARKET SIZE AND GROWTH RATE, 2019–2023 (USD MILLION, Y-O-Y) 
    TABLE 6 MARKET SIZE AND GROWTH RATE, 2024–2029 (USD MILLION, Y-O-Y) 
    FIGURE 8 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2024 
    FIGURE 9 INTEGRATED SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 
    FIGURE 10 ON-PREMISES SEGMENT TO HOLD LARGEST PREDICTIVE MAINTENANCE MARKET SHARE IN 2024 
    FIGURE 11 PUBLIC SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2024 
    FIGURE 12 PROFESSIONAL SERVICES TO ACCOUNT FOR LARGER SHARE IN 2024 
    FIGURE 13 SYSTEM INTEGRATION TO ACCOUNT FOR LARGEST MARKET SIZE IN 2024 
    FIGURE 14 ANALYTICS & DATA MANAGEMENT TECHNOLOGY TO HOLD LARGEST MARKET SIZE IN 2024 
    FIGURE 15 VIBRATION ANALYSIS TO ACCOUNT FOR LARGEST MARKET SIZE IN 2024 
    FIGURE 16 LARGE ENTERPRISES TO ACCOUNT FOR LARGER SHARE IN 2024 
    FIGURE 17 ENERGY & UTILITIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 
    FIGURE 18 ASIA PACIFIC TO GROW AT HIGHEST CAGR IN PREDICTIVE MAINTENANCE MARKET
 
4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES IN PREDICTIVE MAINTENANCE MARKET 
           FIGURE 19 ADOPTION OF INDUSTRY 4.0 AND DIGITAL TRANSFORMATION INITIATIVES ACROSS INDUSTRIES TO DRIVE MARKET
    4.2 MARKET, BY COMPONENT 
           FIGURE 20 SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 PREDICTIVE MAINTENANCE MARKET, BY COMPONENT & KEY VERTICALS 
           FIGURE 21 SOLUTIONS AND ENERGY & UTILITIES TO ACCOUNT FOR LARGEST SHARES OF NORTH AMERICAN MARKET IN 2024
    4.4 MARKET, BY REGION 
           FIGURE 22 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2024
 
5 PREDICTIVE MAINTENANCE MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 67)
    5.1 INTRODUCTION 
    5.2 PREDICTIVE MAINTENANCE MARKET DYNAMICS 
           FIGURE 23 PREDICTIVE MAINTENANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of emerging technologies to gain valuable insights
                    5.2.1.2 Advent of ML and AI
                    5.2.1.3 Rising internet proliferation and growing use of connected and integrated technologies
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of skilled workforce
                    5.2.2.2 Data security concerns
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Real-time condition monitoring to assist in taking prompt actions
                    5.2.3.2 Growing need to reduce maintenance cost, equipment failure, and downtime
           5.2.4 CHALLENGES
                    5.2.4.1 Frequent maintenance and upgradation requirements
                    5.2.4.2 Ownership and privacy of collected data
    5.3 PREDICTIVE MAINTENANCE MARKET: EVOLUTION 
           FIGURE 24 MARKET EVOLUTION
    5.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 25 MARKET: SUPPLY CHAIN ANALYSIS
    5.5 ECOSYSTEM/MARKET MAP 
           FIGURE 26 KEY PLAYERS IN MARKET ECOSYSTEM
           TABLE 7 MARKET: ECOSYSTEM
           5.5.1 HARDWARE PROVIDERS
           5.5.2 SOLUTION PROVIDERS
           5.5.3 SERVICE PROVIDERS
           5.5.4 DATA MANAGEMENT & ANALYTICS PROVIDERS
           5.5.5 REGULATORY BODIES
    5.6 CASE STUDY ANALYSIS 
           5.6.1 RIYADH AIRPORT MODERNIZED MAINTENANCE BY IMPLEMENTING MAXIMO AND IBM COGNOS ANALYTICS
           5.6.2 VPI ENHANCED EFFICIENCY OF ITS COMBINED CYCLE GAS TURBINE PLANT WITH IBM MAXIMO APPLICATION SUITE
           5.6.3 WESTERN DIGITAL BOOSTED MANUFACTURING EXCELLENCE WITH SAS ASSET PERFORMANCE ANALYTICS
           5.6.4 VANTAGE POWER ACCELERATED PREDICTIVE MAINTENANCE FOR CONNECTED VEHICLES WITH VPVISION
           5.6.5 SAM4 HEALTH PREVENTED COSTLY DOWNTIME WITH PREDICTIVE MAINTENANCE ALERTS
    5.7 TRADE ANALYSIS 
           5.7.1 IMPORT SCENARIO OF SPECTROMETERS
                    FIGURE 27 IMPORT DATA OF SPECTROMETERS, BY KEY COUNTRY, 2015–2022 (USD BILLION)
           5.7.2 EXPORT SCENARIO OF SPECTROMETERS
                    FIGURE 28 EXPORT DATA OF SPECTROMETERS, BY KEY COUNTRY, 2015–2022 (USD BILLION)
    5.8 REGULATORY LANDSCAPE 
           5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.8.1.1 North America
                               5.8.1.1.1 US
                               5.8.1.1.2 Canada
                    5.8.1.2 Europe
                    5.8.1.3 Asia Pacific
                               5.8.1.3.1 South Korea
                               5.8.1.3.2 China
                               5.8.1.3.3 India
                    5.8.1.4 Middle East & Africa
                               5.8.1.4.1 UAE
                               5.8.1.4.2 KSA
                               5.8.1.4.3 Bahrain
                    5.8.1.5 Latin America
                               5.8.1.5.1 Brazil
                               5.8.1.5.2 Mexico
    5.9 PATENT ANALYSIS 
           5.9.1 METHODOLOGY
                    5.9.1.1 Patents filed, by document type
                               TABLE 13 PATENTS FILED, 2013–2023
                    5.9.1.2 Innovation and patent applications
                               FIGURE 29 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023
                               5.9.1.2.1 Top 10 applicants in MARKET
                               FIGURE 30 TOP 10 APPLICANTS IN MARKET, 2013–2023
                               FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED FOR MARKET, 2013–2023
                               TABLE 14 TOP 20 PATENT OWNERS IN PREDICTIVE MAINTENANCE MARKET, 2013–2023
                               TABLE 15 LIST OF FEW PATENTS IN MARKET, 2021–2023
    5.10 TECHNOLOGY ANALYSIS 
           FIGURE 32 PREDICTIVE MAINTENANCE MARKET: TECHNOLOGY ANALYSIS
           5.10.1 KEY TECHNOLOGIES
                    5.10.1.1 ML
                    5.10.1.2 Big data
           5.10.2 ADJACENT TECHNOLOGIES
                    5.10.2.1 Edge computing
                    5.10.2.2 Digital twin
                    5.10.2.3 Cloud computing
           5.10.3 COMPLEMENTARY TECHNOLOGIES
                    5.10.3.1 AR & VR
                    5.10.3.2 Blockchain
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY TECHNOLOGY
                    FIGURE 33 AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP THREE TECHNOLOGIES
                    TABLE 16 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, TOP THREE TECHNOLOGIES
           5.11.2 INDICATIVE PRICING ANALYSIS OF PREDICTIVE MAINTENANCE, BY COMPONENT
                    TABLE 17 PREDICTIVE MAINTENANCE: INDICATIVE PRICING LEVELS OF PREDICTIVE MAINTENANCE, BY COMPONENT
    5.12 INVESTMENT AND FUNDING SCENARIO 
                    FIGURE 34 PREDICTIVE MAINTENANCE MARKET: INVESTMENT LANDSCAPE
    5.13 PORTER’S FIVE FORCES’ ANALYSIS 
                    FIGURE 35 PORTER’S FIVE FORCES’ ANALYSIS: MARKET
                    TABLE 18 PORTER’S FIVE FORCES IMPACT ON MARKET
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF SUPPLIERS
           5.13.4 BARGAINING POWER OF BUYERS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
                    FIGURE 36 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.15 KEY CONFERENCES & EVENTS, 2024-2025 
                    TABLE 19 PREDICTIVE MAINTENANCE MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025
    5.16 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
           5.16.2 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
                    TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
    5.17 TECHNOLOGY ROADMAP OF PREDICTIVE MAINTENANCE MARKET 
                    TABLE 22 SHORT-TERM ROADMAP (FOR NEXT 5 YEARS)
                    TABLE 23 LONG-TERM ROADMAP (BEYOND NEXT 5 YEARS)
    5.18 BUSINESS MODELS OF MARKET 
           5.18.1 EQUIPMENT HEALTH MONITORING AND MAINTENANCE RECOMMENDATIONS AS A SERVICE
           5.18.2 OVERALL EQUIPMENT EFFICIENCY (OEE) RISK AS A SERVICE
           5.18.3 UPTIME AS A SERVICE
           5.18.4 WARRANTY AS A SERVICE
           5.18.5 SUPPLY CHAIN MANAGEMENT INFORMATION AS A SERVICE
 
6 PREDICTIVE MAINTENANCE MARKET, BY COMPONENT (Page No. - 110)
    6.1 INTRODUCTION 
           6.1.1 COMPONENT: PREDICTIVE MAINTENANCE MARKET DRIVERS
                    FIGURE 39 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 24 MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                    TABLE 25 MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
    6.2 HARDWARE 
           TABLE 26 HARDWARE: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 27 HARDWARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
    6.3 SOLUTIONS 
           FIGURE 40 STANDALONE SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 28 MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
           TABLE 29 MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
           TABLE 30 SOLUTION: MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 31 SOLUTION: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.3.1 INTEGRATED
                    TABLE 32 INTEGRATED: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 33 INTEGRATED: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.3.2 STANDALONE
                    TABLE 34 STANDALONE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 35 STANDALONE: MARKET, BY REGION 2024–2029 (USD MILLION)
    6.4 SOLUTIONS BY DEPLOYMENT MODE 
           FIGURE 41 CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 36 PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
           TABLE 37 PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
           6.4.1 CLOUD
                    6.4.1.1 Reduced operational cost and higher scalability to enable growth in cloud-based deployments
                               FIGURE 42 HYBRID CLOUD TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                               TABLE 38 PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                               TABLE 39 PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                               TABLE 40 CLOUD: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 41 CLOUD: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.4.1.2 Public
                               TABLE 42 PUBLIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 43 PUBLIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.4.1.3 Private
                               TABLE 44 PRIVATE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 45 PRIVATE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.4.1.4 Hybrid
                               TABLE 46 HYBRID: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 47 HYBRID: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.4.2 ON-PREMISES
                    6.4.2.1 Rising cost of support and maintenance impacting growth of on-premises solutions
                               TABLE 48 ON-PREMISES: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 49 ON-PREMISES: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY REGION, 2024–2029 (USD MILLION)
    6.5 SERVICES 
           FIGURE 43 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 50 PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
           TABLE 51 MARKET, BY SERVICE, 2024–2029 (USD MILLION)
           TABLE 52 SERVICES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 53 SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.5.1 PROFESSIONAL SERVICES
                    6.5.1.1 Demand for expert guidance and seamless integration to drive professional services
                               FIGURE 44 SUPPORT & MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                               TABLE 54 MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                               TABLE 55 MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                               TABLE 56 PROFESSIONAL SERVICES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 57 PROFESSIONAL SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.5.1.2 System Integration
                               TABLE 58 SYSTEM INTEGRATION: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 59 SYSTEM INTEGRATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.5.1.3 Support & Maintenance
                               TABLE 60 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 61 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    6.5.1.4 Consulting
                               TABLE 62 CONSULTING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 63 CONSULTING: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2024–2029 (USD MILLION)
           6.5.2 MANAGED SERVICES
                    6.5.2.1 Increasing need of IT Infrastructure support to drive growth of managed services
                               TABLE 64 MANAGED SERVICES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                               TABLE 65 MANAGED SERVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
7 PREDICTIVE MAINTENANCE MARKET, BY TECHNOLOGY (Page No. - 132)
    7.1 INTRODUCTION 
           7.1.1 TECHNOLOGY: MARKET DRIVERS
                    FIGURE 45 ARTIFICIAL INTELLIGENCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 66 MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 67 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
    7.2 ANALYTICS & DATA MANAGEMENT 
           7.2.1 INCREASED DEMAND FOR REAL-TIME INSIGHTS AND PROACTIVE MAINTENANCE STRATEGIES
                    TABLE 68 ANALYTICS & DATA MANAGEMENT: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 69 ANALYTICS & DATA MANAGEMENT: MARKET, BY REGION, 2024–2029 (USD MILLION)
    7.3 ARTIFICIAL INTELLIGENCE 
           7.3.1 GROWING DEMAND FOR AI-DRIVEN PREDICTIVE MAINTENANCE FOR ENHANCED ASSET RELIABILITY
                    TABLE 70 ARTIFICIAL INTELLIGENCE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 71 ARTIFICIAL INTELLIGENCE: MARKET, BY REGION, 2024–2029 (USD MILLION)
    7.4 IOT PLATFORM 
           7.4.1 RAPID ADOPTION OF IOT PLATFORMS FOR REAL-TIME ASSET MONITORING TO DRIVE MARKET GROWTH
                    TABLE 72 IOT PLATFORM: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 73 IOT PLATFORM: MARKET, BY REGION, 2024–2029 (USD MILLION)
    7.5 SENSORS & OTHER DEVICES 
           7.5.1 RISING DEMAND FOR CUSTOMER EXPERIENCE TO FUEL CLOUD ADOPTION IN PREDICTIVE MAINTENANCE
                    TABLE 74 SENSORS & OTHER DEVICES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 75 SENSORS & OTHER DEVICES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
8 PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE (Page No. - 139)
    8.1 INTRODUCTION 
           8.1.1 TECHNIQUE: PREDICTIVE MAINTENANCE MARKET DRIVERS
                    FIGURE 46 MOTOR CIRCUIT ANALYSIS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 76 MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                    TABLE 77 MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
    8.2 VIBRATION ANALYSIS 
           8.2.1 GROWING DEMAND FOR EFFICIENT MACHINERY HEALTH MONITORING TO DRIVE VIBRATION ANALYSIS
                    TABLE 78 VIBRATION ANALYSIS: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 79 VIBRATION ANALYSIS: MARKET, BY REGION, 2024–2029 (USD MILLION)
           8.2.2 TEST COMPONENT ALIGNMENT
           8.2.3 DETECT IMBALANCES
           8.2.4 RESONANCE IDENTIFICATION
           8.2.5 GEAR FAILURE DETECTION
           8.2.6 OTHERS
    8.3 INFRARED THERMOGRAPHY 
           8.3.1 RISING DEMAND FOR NON-INTRUSIVE PREDICTIVE MAINTENANCE TO DRIVE INFRARED THERMOGRAPHY
                    TABLE 80 INFRARED THERMOGRAPHY: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 81 INFRARED THERMOGRAPHY: MARKET, BY REGION, 2024–2029 (USD MILLION)
           8.3.2 INSPECT ELECTRICAL CONNECTIONS AND SYSTEMS
           8.3.3 ASSESS HEATING SYSTEMS
           8.3.4 FLUID ANALYSIS
           8.3.5 ANALYZE DISCHARGE PATTERNS
           8.3.6 ROOF MAINTENANCE
           8.3.7 OTHERS
    8.4 ACOUSTIC MONITORING 
           8.4.1 ADOPTION OF ULTRASONIC ACOUSTIC ANALYSIS TO DRIVE PREDICTIVE MAINTENANCE EFFICIENCY
                    TABLE 82 ACOUSTIC MONITORING: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 83 ACOUSTIC MONITORING: MARKET, BY REGION, 2024–2029 (USD MILLION)
           8.4.2 PIPELINE MONITORING
           8.4.3 CONDENSER EVALUATION
           8.4.4 VACUUM SYSTEM MONITORING
           8.4.5 FAN HEALTH ASSESSMENT
           8.4.6 AIR COMPRESSOR MONITORING
           8.4.7 OTHERS
    8.5 OIL ANALYSIS 
           8.5.1 OPTIMIZING EQUIPMENT LIFESPAN THROUGH PROACTIVE LUBRICATION MANAGEMENT STRATEGIES
                    TABLE 84 OIL ANALYSIS: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 85 OIL ANALYSIS: MARKET, BY REGION, 2024–2029 (USD MILLION)
           8.5.2 TURBINE MAINTENANCE
           8.5.3 HYDRAULIC SYSTEM MAINTENANCE
           8.5.4 ENGINE EVALUATION
           8.5.5 TRANSMISSION ASSESSMENT
           8.5.6 GEAR LUBRICANT LEVEL MONITORING
           8.5.7 OTHERS
    8.6 MOTOR CIRCUIT ANALYSIS 
           8.6.1 NEED FOR EFFICIENT PREDICTIVE MAINTENANCE IN PUMPING SYSTEMS
                    TABLE 86 MOTOR CIRCUIT ANALYSIS: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 87 MOTOR CIRCUIT ANALYSIS: MARKET, BY REGION, 2024–2029 (USD MILLION)
           8.6.2 ASSESS ENGINE DEGRADATION
           8.6.3 SHAFT AND ROTOR ALIGNMENT
           8.6.4 INSULATION EVALUATION
           8.6.5 GEAR ASSESSMENT
           8.6.6 SCAN FOR SHORT CIRCUITS
           8.6.7 OTHERS
    8.7 OTHER TECHNIQUES 
           TABLE 88 OTHER TECHNIQUES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
           TABLE 89 OTHER TECHNIQUES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
9 PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE (Page No. - 158)
    9.1 INTRODUCTION 
           9.1.1 ORGANIZATION SIZE: MARKET DRIVERS
                    FIGURE 47 SMES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 90 MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                    TABLE 91 PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
    9.2 LARGE ENTERPRISES 
           9.2.1 INTEGRATION OF AI AND IOT TECHNOLOGIES TO DRIVE ADOPTION OF PREDICTIVE MAINTENANCE AMONG LARGE ENTERPRISES
                    TABLE 92 LARGE ENTERPRISES: MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 93 LARGE ENTERPRISES: MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.3 SMALL AND MEDIUM-SIZED ENTERPRISES 
           9.3.1 AFFORDABLE IOT AND CLOUD SOLUTIONS TO DRIVE SMES TO ADOPT PREDICTIVE MAINTENANCE
                    TABLE 94 SMES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 95 SMES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
10 PREDICTIVE MAINTENANCE MARKET, BY VERTICAL (Page No. - 163)
     10.1 INTRODUCTION 
             10.1.1 VERTICAL: PREDICTIVE MAINTENANCE MARKET DRIVERS
                       FIGURE 48 ENERGY & UTILITIES TO HOLD LARGEST MARKET DURING FORECAST PERIOD
                       TABLE 96 MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 97 MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
     10.2 ENERGY & UTILITIES 
             10.2.1 IOT DEVICES ENABLE REAL-TIME MONITORING, ENHANCING PREDICTIVE MAINTENANCE ACCURACY
                       TABLE 98 ENERGY & UTILITIES: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 99 ENERGY & UTILITIES: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.3 MANUFACTURING 
             10.3.1 INDUSTRY 4.0 INTEGRATION TO DRIVE REAL-TIME MONITORING AND PREDICTIVE MAINTENANCE
                       TABLE 100 MANUFACTURING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 101 MANUFACTURING: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.4 AUTOMOTIVE & TRANSPORTATION 
             10.4.1 SHIFT TOWARD INDIVIDUAL MOBILITY TO BOOST PREDICTIVE MAINTENANCE INVESTMENTS IN AUTOMOTIVE
                       TABLE 102 AUTOMOTIVE & TRANSPORTATION: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 103 AUTOMOTIVE & TRANSPORTATION: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.5 AEROSPACE & DEFENSE 
             10.5.1 MODERNIZATION INITIATIVES IN AIRPORTS AND DEFENSE SECTOR TO PROPEL MARKET GROWTH
                       TABLE 104 AEROSPACE & DEFENSE: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 105 AEROSPACE & DEFENSE: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.6 CONSTRUCTION & MINING 
             10.6.1 SAFETY CONCERNS AND ASSET OPTIMIZATION TO FUEL GROWTH IN PREDICTIVE MAINTENANCE
                       TABLE 106 CONSTRUCTION & MINING: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 107 CONSTRUCTION & MINING: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.7 HEALTHCARE 
             10.7.1 RISING DEMAND FOR UNINTERRUPTED HEALTHCARE SERVICES TO FUEL PREDICTIVE MAINTENANCE ADOPTION
                       TABLE 108 HEALTHCARE: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 109 HEALTHCARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.8 TELECOMMUNICATIONS 
             10.8.1 COSTLY DOWNTIME RISKS TO FUEL ADOPTION OF IOT-DRIVEN PREDICTIVE MAINTENANCE
                       TABLE 110 TELECOMMUNICATIONS: MARKET, BY REGION, 2019–2023 (USD MILLION)
                       TABLE 111 TELECOMMUNICATIONS: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.9 OTHER VERTICALS 
               TABLE 112 OTHER VERTICALS: PREDICTIVE MAINTENANCE MARKET, BY REGION, 2019–2023 (USD MILLION)
               TABLE 113 OTHER VERTICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
11 PREDICTIVE MAINTENANCE MARKET, BY REGION (Page No. - 176)
     11.1 INTRODUCTION 
               FIGURE 49 INDIA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 50 ASIA PACIFIC TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 114 MARKET, BY REGION, 2019–2023 (USD MILLION)
               TABLE 115 MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET DRIVERS
             11.2.2 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 51 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 116 NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 117 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 118 NORTH AMERICA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 119 NORTH AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 120 NORTH AMERICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
                       TABLE 121 NORTH AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
                       TABLE 122 NORTH AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 123 NORTH AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 124 NORTH AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                       TABLE 125 NORTH AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                       TABLE 126 NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 127 NORTH AMERICA: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 128 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 129 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 130 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                       TABLE 131 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
                       TABLE 132 NORTH AMERICA: MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                       TABLE 133 NORTH AMERICA: PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                       TABLE 134 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 135 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
                       TABLE 136 NORTH AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 137 NORTH AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             11.2.3 US
                       11.2.3.1 Strong government support and availability of funds to fuel demand for predictive maintenance solutions
                                   TABLE 138 US: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 139 US: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 140 US: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 141 US: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 142 US: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 143 US: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.2.4 CANADA
                       11.2.4.1 Adoption of advanced CMMS technologies and focus on advanced technologies to boost demand for predictive maintenance solutions
                                   TABLE 144 CANADA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 145 CANADA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 146 CANADA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 147 CANADA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 148 CANADA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 149 CANADA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
     11.3 EUROPE 
             11.3.1 EUROPE: PREDICTIVE MAINTENANCE MARKET DRIVERS
             11.3.2 EUROPE: RECESSION IMPACT
                       TABLE 150 EUROPE: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 151 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 152 EUROPE: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 153 EUROPE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 154 EUROPE: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
                       TABLE 155 EUROPE: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
                       TABLE 156 EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 157 EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 158 EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                       TABLE 159 EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                       TABLE 160 EUROPE: PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 161 EUROPE: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 162 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 163 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 164 EUROPE: MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                       TABLE 165 EUROPE: MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
                       TABLE 166 EUROPE: MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                       TABLE 167 EUROPE: PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                       TABLE 168 EUROPE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 169 EUROPE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
                       TABLE 170 EUROPE: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 171 EUROPE: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             11.3.3 UK
                       11.3.3.1 Strong AI strategy, government funding, and stringent regulatory compliances to spur market growth
                                   TABLE 172 UK: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 173 UK: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 174 UK: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 175 UK: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 176 UK: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 177 UK: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.3.4 GERMANY
                       11.3.4.1 Focus on AI research and development and implementation of Industry 4.0 to drive market
                                   TABLE 178 GERMANY: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 179 GERMANY: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 180 GERMANY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 181 GERMANY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 182 GERMANY: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 183 GERMANY: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.3.5 FRANCE
                       11.3.5.1 France's AI research centers and industry investments to foster market growth
                                   TABLE 184 FRANCE: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 185 FRANCE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 186 FRANCE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 187 FRANCE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 188 FRANCE: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 189 FRANCE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.3.6 SPAIN
                       11.3.6.1 Implementation of AESIA and rapid growth in AI technologies to propel market
                                   TABLE 190 SPAIN: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 191 SPAIN: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 192 SPAIN: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 193 SPAIN: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 194 SPAIN: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 195 SPAIN: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.3.7 ITALY
                       11.3.7.1 Strategic programs and initiatives for implementing AI to drive demand for predictive maintenance solutions
                                   TABLE 196 ITALY: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 197 ITALY: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 198 ITALY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 199 ITALY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 200 ITALY: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 201 ITALY: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.3.8 REST OF EUROPE
                       TABLE 202 REST OF EUROPE: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 203 REST OF EUROPE: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 204 REST OF EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 205 REST OF EUROPE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 206 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 207 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 52 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 208 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 209 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 210 ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 211 ASIA PACIFIC: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 212 ASIA PACIFIC: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
                       TABLE 213 ASIA PACIFIC: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
                       TABLE 214 ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 215 ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 216 ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                       TABLE 217 ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                       TABLE 218 ASIA PACIFIC: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 219 ASIA PACIFIC: MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 220 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 221 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 222 ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                       TABLE 223 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
                       TABLE 224 ASIA PACIFIC: MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                       TABLE 225 ASIA PACIFIC: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                       TABLE 226 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 227 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
                       TABLE 228 ASIA PACIFIC: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 229 ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             11.4.3 CHINA
                       11.4.3.1 Government’s heavy financial and strategic support in research and development and investments from global players to accelerate market growth
                                   TABLE 230 CHINA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 231 CHINA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 232 CHINA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 233 CHINA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 234 CHINA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 235 CHINA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.4.4 JAPAN
                       11.4.4.1 Adoption of maintenance performance monitoring solutions by Japan Airlines to foster market growth
                                   TABLE 236 JAPAN: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 237 JAPAN: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 238 JAPAN: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 239 JAPAN: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 240 JAPAN: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 241 JAPAN: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.4.5 INDIA
                       11.4.5.1 Need to forecast, track in real time, and manage networks to enhance better customer experience in automotive sector to drive market
                                   TABLE 242 INDIA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 243 INDIA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 244 INDIA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 245 INDIA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 246 INDIA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 247 INDIA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.4.6 SOUTH KOREA
                       11.4.6.1 Integration of IoT sensors and AI enhancing maintenance efficiency to boost demand for predictive maintenance
                                   TABLE 248 SOUTH KOREA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 249 SOUTH KOREA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 250 SOUTH KOREA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 251 SOUTH KOREA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 252 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 253 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.4.7 AUSTRALIA & NEW ZEALAND
                       11.4.7.1 Need to optimize asset performance, reduce downtime, and lower maintenance costs to propel market
                                   TABLE 254 AUSTRALIA & NEW ZEALAND: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 255 AUSTRALIA & NEW ZEALAND: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 256 AUSTRALIA & NEW ZEALAND: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 257 AUSTRALIA & NEW ZEALAND: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 258 AUSTRALIA & NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 259 AUSTRALIA & NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.4.8 REST OF ASIA PACIFIC
                       TABLE 260 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 261 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 262 REST OF ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 263 REST OF ASIA PACIFIC: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 264 REST OF ASIA PACIFIC: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 265 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE MARKET DRIVERS
             11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                       TABLE 266 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 267 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 268 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 269 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 270 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
                       TABLE 271 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
                       TABLE 272 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 273 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 274 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                       TABLE 275 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                       TABLE 276 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 277 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 278 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 279 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 280 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                       TABLE 281 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
                       TABLE 282 MIDDLE EAST & AFRICA: MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                       TABLE 283 MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                       TABLE 284 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 285 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
                       TABLE 286 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 287 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             11.5.3 UAE
                       11.5.3.1 Government initiatives to achieve Smart Dubai program and active integration of AI to propel market
                                   TABLE 288 UAE: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 289 UAE: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 290 UAE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 291 UAE: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 292 UAE: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 293 UAE: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.5.4 SAUDI ARABIA
                       11.5.4.1 Need for advancing technology sector as part of Vision 2030 initiative and smart city programs to bolster market growth
                                   TABLE 294 SAUDI ARABIA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 295 SAUDI ARABIA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 296 SAUDI ARABIA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 297 SAUDI ARABIA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 298 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 299 SAUDI ARABIA: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.5.5 QATAR
                       11.5.5.1 Collaboration with tech giants to accelerate IoT-driven predictive maintenance solutions in Qatar
                                   TABLE 300 QATAR: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 301 QATAR: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 302 QATAR: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 303 QATAR: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 304 QATAR: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 305 QATAR: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.5.6 TURKEY
                       11.5.6.1 Emphasis on defense strategies to leverage AI technologies to drive growth of AI-powered predictive maintenance solutions
                                   TABLE 306 TURKEY: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 307 TURKEY: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 308 TURKEY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 309 TURKEY: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 310 TURKEY: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 311 TURKEY: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.5.7 SOUTH AFRICA
                       11.5.7.1 Presence of major tech companies and concerns regarding impact of AI on economic growth to drive market
                                   TABLE 312 SOUTH AFRICA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 313 SOUTH AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 314 SOUTH AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 315 SOUTH AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 316 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 317 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.5.8 REST OF MIDDLE EAST & AFRICA
                       TABLE 318 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 319 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 320 REST OF MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 321 REST OF MIDDLE EAST & AFRICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 322 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 323 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
     11.6 LATIN AMERICA 
             11.6.1 LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET DRIVERS
             11.6.2 LATIN AMERICA: RECESSION IMPACT
                       TABLE 324 LATIN AMERICA: MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                       TABLE 325 LATIN AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                       TABLE 326 LATIN AMERICA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 327 LATIN AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 328 LATIN AMERICA: MARKET, BY SOLUTION, 2019–2023 (USD MILLION)
                       TABLE 329 LATIN AMERICA: MARKET, BY SOLUTION, 2024–2029 (USD MILLION)
                       TABLE 330 LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 331 LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 332 LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2019–2023 (USD MILLION)
                       TABLE 333 LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY CLOUD, 2024–2029 (USD MILLION)
                       TABLE 334 LATIN AMERICA: MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                       TABLE 335 LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2024–2029 (USD MILLION)
                       TABLE 336 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION)
                       TABLE 337 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION)
                       TABLE 338 LATIN AMERICA: MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                       TABLE 339 LATIN AMERICA: MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
                       TABLE 340 LATIN AMERICA: MARKET, BY TECHNIQUE, 2019–2023 (USD MILLION)
                       TABLE 341 LATIN AMERICA: MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION)
                       TABLE 342 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 343 LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
                       TABLE 344 LATIN AMERICA: MARKET, BY VERTICAL, 2019–2023 (USD MILLION)
                       TABLE 345 LATIN AMERICA: MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             11.6.3 BRAZIL
                       11.6.3.1 Rapid adoption of Industry 4.0 technologies to bolster market growth
                                   TABLE 346 BRAZIL: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 347 BRAZIL: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 348 BRAZIL: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 349 BRAZIL: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 350 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 351 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.6.4 MEXICO
                       11.6.4.1 Growing need for enhanced connectivity in business processes to drive adoption of predictive maintenance solutions
                                   TABLE 352 MEXICO: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 353 MEXICO: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 354 MEXICO: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 355 MEXICO: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 356 MEXICO: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 357 MEXICO: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.6.5 ARGENTINA
                       11.6.5.1 Thriving tech ecosystem and government support to fuel market
                                   TABLE 358 ARGENTINA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                                   TABLE 359 ARGENTINA: PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                                   TABLE 360 ARGENTINA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                                   TABLE 361 ARGENTINA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                                   TABLE 362 ARGENTINA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                                   TABLE 363 ARGENTINA: MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
             11.6.6 REST OF LATIN AMERICA
                       TABLE 364 REST OF LATIN AMERICA: MARKET, BY COMPONENT, 2019–2023 (USD MILLION)
                       TABLE 365 REST OF LATIN AMERICA: MARKET, BY COMPONENT, 2024–2029 (USD MILLION)
                       TABLE 366 REST OF LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION)
                       TABLE 367 REST OF LATIN AMERICA: PREDICTIVE MAINTENANCE SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION)
                       TABLE 368 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION)
                       TABLE 369 REST OF LATIN AMERICA: PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 269)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES 
               TABLE 370 OVERVIEW OF STRATEGIES ADOPTED BY KEY PREDICTIVE MAINTENANCE VENDORS
     12.3 REVENUE ANALYSIS 
               FIGURE 53 REVENUE ANALYSIS OF KEY PLAYERS (2019–2023)
     12.4 MARKET SHARE ANALYSIS 
               FIGURE 54 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2023
             12.4.1 MARKET RANKING ANALYSIS
                       TABLE 371 PREDICTIVE MAINTENANCE MARKET: DEGREE OF COMPETITION
     12.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 
               FIGURE 55 BRAND/PRODUCT COMPARATIVE ANALYSIS
     12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE PLAYERS
             12.6.4 PARTICIPANTS
                       FIGURE 56 PREDICTIVE MAINTENANCE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                       12.6.5.1 Company Footprint
                                   FIGURE 57 PREDICTIVE MAINTENANCE MARKET: COMPANY FOOTPRINT (20 COMPANIES)
                       12.6.5.2 Region Footprint
                                   TABLE 372 COMPANY REGION FOOTPRINT
                       12.6.5.3 Component Footprint
                                   TABLE 373 COMPANY COMPONENT FOOTPRINT
                       12.6.5.4 Technology Footprint
                                   TABLE 374 COMPANY TECHNOLOGY FOOTPRINT
                       12.6.5.5 Vertical Footprint
                                   TABLE 375 COMPANY VERTICAL FOOTPRINT
     12.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                       FIGURE 58 PREDICTIVE MAINTENANCE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
             12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                       12.7.5.1 Detailed List of Key Startups/SMEs
                                   TABLE 376 PREDICTIVE MAINTENANCE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       12.7.5.2 Competitive Benchmarking of Key Startups/SMEs
                                   TABLE 377 PREDICTIVE MAINTENANCE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.8 COMPETITIVE SCENARIO AND TRENDS 
             12.8.1 PRODUCT LAUNCHES
                       TABLE 378 PREDICTIVE MAINTENANCE MARKET: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2024
             12.8.2 DEALS
                       TABLE 379 PREDICTIVE MAINTENANCE MARKET: DEALS, JANUARY 2021–FEBRUARY 2024
     12.9 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 
               FIGURE 59 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
               FIGURE 60 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
 
13 COMPANY PROFILES (Page No. - 288)
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
             13.2.1 IBM
                       TABLE 380 IBM: BUSINESS OVERVIEW
                       FIGURE 61 IBM: COMPANY SNAPSHOT
                       TABLE 381 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 382 IBM: DEALS
             13.2.2 ABB
                       TABLE 383 ABB: BUSINESS OVERVIEW
                       FIGURE 62 ABB: COMPANY SNAPSHOT
                       TABLE 384 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 385 ABB: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 386 ABB: DEALS
             13.2.3 SCHNEIDER ELECTRIC
                       TABLE 387 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 63 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       TABLE 388 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 389 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 390 SCHNEIDER ELECTRIC: DEALS
             13.2.4 AWS
                       TABLE 391 AWS: BUSINESS OVERVIEW
                       FIGURE 64 AWS: COMPANY SNAPSHOT
                       TABLE 392 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 393 AWS: PRODUCT LAUNCHES
                       TABLE 394 AWS: DEALS
             13.2.5 GOOGLE
                       TABLE 395 GOOGLE: BUSINESS OVERVIEW
                       FIGURE 65 GOOGLE: COMPANY SNAPSHOT
                       TABLE 396 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 397 GOOGLE: PRODUCT LAUNCHES
                       TABLE 398 GOOGLE: DEALS
             13.2.6 MICROSOFT
                       TABLE 399 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 66 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 400 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 401 MICROSOFT: DEALS
             13.2.7 HITACHI
                       TABLE 402 HITACHI: BUSINESS OVERVIEW
                       FIGURE 67 HITACHI: COMPANY SNAPSHOT
                       TABLE 403 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 404 HITACHI: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 405 HITACHI: DEALS
             13.2.8 SAP
                       TABLE 406 SAP: BUSINESS OVERVIEW
                       FIGURE 68 SAP: COMPANY SNAPSHOT
                       TABLE 407 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 408 SAP: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 409 SAP: DEALS
             13.2.9 SAS INSTITUTE
                       TABLE 410 SAS INSTITUTE: BUSINESS OVERVIEW
                       TABLE 411 SAS INSTITUTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 412 SAS INSTITUTE: PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 413 SAS INSTITUTE: DEALS
               13.2.10 SOFTWARE AG
                                   TABLE 414 SOFTWARE AG: BUSINESS OVERVIEW
                                   FIGURE 69 SOFTWARE AG: COMPANY SNAPSHOT
                                   TABLE 415 SOFTWARE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 416 SOFTWARE AG: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 417 SOFTWARE AG: DEALS
               13.2.11 TIBCO SOFTWARE
                                   TABLE 418 TIBCO SOFTWARE: BUSINESS OVERVIEW
                                   TABLE 419 TIBCO SOFTWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 420 TIBCO SOFTWARE: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 421 TIBCO SOFTWARE: DEALS
               13.2.12 ALTAIR
                                   TABLE 422 ALTAIR: BUSINESS OVERVIEW
                                   FIGURE 70 ALTAIR: COMPANY SNAPSHOT
                                   TABLE 423 ALTAIR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 424 ALTAIR: PRODUCT LAUNCHES & ENHANCEMENTS
                                   TABLE 425 ALTAIR: DEALS
               13.2.13 ORACLE
                                   TABLE 426 ORACLE: BUSINESS OVERVIEW
                                   FIGURE 71 ORACLE: COMPANY SNAPSHOT
                                   TABLE 427 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 428 ORACLE: DEALS
               13.2.14 SPLUNK
                                   TABLE 429 SPLUNK: BUSINESS OVERVIEW
                                   TABLE 430 SPLUNK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 431 SPLUNK: DEALS
               13.2.15 C3.AI
               13.2.16 EMERSON
               13.2.17 GE
               13.2.18 HONEYWELL
               13.2.19 SIEMENS
               13.2.20 PTC
     13.3 STARTUPS/SMES 
             13.3.1 DINGO
             13.3.2 UPTAKE
             13.3.3 SAMOTICS
             13.3.4 WAVESCAN
             13.3.5 QUADRICAL AI
             13.3.6 UPKEEP
             13.3.7 LIMBLE
             13.3.8 SENSEGROW
             13.3.9 PRESAGE INSIGHTS
             13.3.10 FACLON LABS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
 
14 ADJACENT AND RELATED MARKETS (Page No. - 350)
     14.1 ADJACENT AND RELATED MARKETS 
             14.1.1 INTRODUCTION
             14.1.2 ENTERPRISE ASSET MANAGEMENT MARKET— GLOBAL FORECAST TO 2028
                       14.1.2.1 Market definition
                       14.1.2.2 Market overview
                                   TABLE 432 ENTERPRISE ASSET MANAGEMENT MARKET SIZE AND GROWTH, 2018–2022 (USD MILLION, Y-O-Y%)
                                   TABLE 433 ENTERPRISE ASSET MANAGEMENT MARKET SIZE AND GROWTH, 2023–2028 (USD MILLION, Y-O-Y%)
                                   14.1.2.2.1 Enterprise Asset Management Market, By Offering
                                                       TABLE 434 ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                                       TABLE 435 ENTERPRISE ASSET MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   14.1.2.2.2 Enterprise Asset Management Market, By Application
                                                       TABLE 436 ENTERPRISE ASSET MANAGEMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                       TABLE 437 ENTERPRISE ASSET MANAGEMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                   14.1.2.2.3 Enterprise Asset Management Market, By Deployment Model
                                                       TABLE 438 ENTERPRISE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION)
                                                       TABLE 439 ENTERPRISE ASSET MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION)
                                   14.1.2.2.4 Enterprise Asset Management Market, By Organization Size
                                                       TABLE 440 ENTERPRISE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION)
                                                       TABLE 441 ENTERPRISE ASSET MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   14.1.2.2.5 Enterprise Asset Management Market, By Vertical
                                                       TABLE 442 ENTERPRISE ASSET MANAGEMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                                                       TABLE 443 ENTERPRISE ASSET MANAGEMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                                   14.1.2.2.6 Enterprise Asset Management Market, By Region
                                                       TABLE 444 ENTERPRISE ASSET MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
                                                       TABLE 445 ENTERPRISE ASSET MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
             14.1.3 BIG DATA MARKET—GLOBAL FORECAST TO 2028
                       14.1.3.1 Market definition
                       14.1.3.2 Market overview
                                   TABLE 446 GLOBAL BIG DATA MARKET SIZE AND GROWTH RATE, 2018–2022 (USD MILLION, Y-O-Y)
                                   TABLE 447 GLOBAL BIG DATA MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y)
                                   14.1.3.2.1 Big Data Market, By Offering
                                                       TABLE 448 BIG DATA MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                                       TABLE 449 BIG DATA MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   14.1.3.2.2 Big Data Market, By Business Function
                                                       TABLE 450 BIG DATA MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
                                                       TABLE 451 BIG DATA MARKET, BY BUSINESS FUNCTION, 2023–2028 (USD MILLION)
                                   14.1.3.2.3 Big Data Market, By Data Type
                                                       TABLE 452 BIG DATA MARKET, BY DATA TYPE, 2018–2022 (USD MILLION)
                                                       TABLE 453 BIG DATA MARKET, BY DATA TYPE, 2023–2028 (USD MILLION)
                                   14.1.3.2.4 Big Data Market, By Vertical
                                                       TABLE 454 BIG DATA MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
                                                       TABLE 455 BIG DATA MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                                   14.1.3.2.5 Big Data Market, By Region
                                                       TABLE 456 BIG DATA MARKET, BY REGION, 2018–2022 (USD MILLION)
                                                       TABLE 457 BIG DATA MARKET, BY REGION, 2023–2028 (USD MILLION)
 
15 APPENDIX (Page No. - 366)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The research study for the predictive maintenance market involved extensive secondary sources, directories, International Journal of Innovation and Technology Management and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred predictive maintenance market providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, and assess the market’s prospects.

Secondary Research

The market size of companies offering predictive maintenance hardware, solutions and services was arrived at based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

The market size of companies offering predictive maintenance market hardware, solutions and services was arrived at based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality. In the secondary research process, various sources were referred to, for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors websites. Additionally, predictive maintenance market spending of various countries was extracted from the respective sources. Secondary research was mainly used to obtain key information related to the industry’s value chain and supply chain to identify key players based on hardware, solutions, services, market classification, and segmentation according to offerings of major players, industry trends related to component, technology, technique, organization size, verticals, and regions, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and predictive maintenance market expertise; related key executives from predictive maintenance market solution vendors, System Integrators (SIs), professional service providers, and industry associations; and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding various trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using predictive maintenance market solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of predictive maintenance market hardware, solutions and services, which would impact the overall predictive maintenance market.

The following is the breakup of primary profiles:

Predictive Maintenance  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted for estimating and forecasting the predictive maintenance market. The first approach involves estimating the market size by summation of companies’ revenue generated through the sale of solutions and services.

Market Size Estimation Methodology- Top-down approach

In the top-down approach, an exhaustive list of all the vendors offering hardware, solutions and services in the predictive maintenance market was prepared. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor’s offerings were evaluated based on the breadth of hardware, solutions, solution by deployment mode, and services, technology, technique, organization size, vertical and regions. The aggregate of all the companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets repository for validation.

Market Size Estimation Methodology-Bottom-up approach

In the bottom-up approach, the adoption rate of predictive maintenance hardware, solutions and services among different end users in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of predictive maintenance hardware, solutions and services among industries, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in different regions for the market size calculation.

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the predictive maintenance market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major predictive maintenance hardware, solution, service providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primaries, the exact values of the overall predictive maintenance market size and segments’ size were determined and confirmed using the study.

Top-down and Bottom-up approaches

Predictive Maintenance  Market Top Down and Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Market Definition

According to TIBCO Spotfire, Predictive maintenance, also referred to as condition-based maintenance, involves performance monitoring and equipment condition monitoring during regular operations to reduce the chances of a breakdown. Manufacturers began using predictive maintenance in the nineties.

According to Splunk, Predictive maintenance is a maintenance strategy that uses machine learning algorithms trained with Industrial Internet of Things (IIoT) data to make predictions about future outcomes, such as determining the likelihood of equipment and machinery breaking down.

Stakeholders

  • Predictive maintenance service providers
  • Predictive maintenance vendors
  • System integrators
  • Value-added resellers
  • IoT platform providers
  • AI solution developers
  • Information Technology (IT) service providers

Report Objectives

  • To describe and forecast the predictive maintenance market, in terms of value,
  • by component, technology, technique, organization size, and vertical
  • To describe and forecast the market, in terms of value,
  • by region—North America, Europe, Asia Pacific, Middle East & Africa and Latin America
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
  • To profile key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the predictive maintenance market
  • To provide the illustrative segmentation, analysis, and projection of the main regional markets

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis as per feasibility

  • Further breakup of the North American predictive maintenance Market
  • Further breakup of the European Market
  • Further breakup of the Asia Pacific Market
  • Further breakup of the Middle East & Africa Market
  • Further breakup of the Latin American Market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Mar, 2024
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