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Predictive Maintenance Market Research Study Provides Insights Backed By Our Assessment Of Earlier Emergencies And Marke

Predictive Maintenance Market<br>

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Predictive Maintenance Market Research Study Provides Insights Backed By Our Assessment Of Earlier Emergencies And Marke

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  1. Predictive Maintenance Market To Reach USD 15.60 Billion by 2026 www.reportsanddata.com

  2. Market Summary According to the current analysis of Reports and Data, the global Predictive Maintenance market was valued at USD 1.90 Billion in 2018 and is expected to reach USD 15.60 Billion by the year 2026, at a CAGR of 28.9%. The study provides an overall insight into the factors responsible for the growth in the Predictive Maintenance market. Owing to rising urbanization and digitalization across the world, end- user sectors like manufacturing, healthcare, and transport have experienced growth and now rely on technology-driven systems for operating. Predictive Maintenance is one of such techniques which are widely employed by organizations in these sectors. These autonomous systems help in collection and analysis of raw data about the performance factors of the various operations carried out in those industries. They help in predicting the failure time of different components of a machine which helps in preventing complete failure and reduce maintenance time. Rising need of analytic tools to derive actionable insights from gathered data, reduce computational time enabling faster course of action, and increased efficiency along with decrease in operation & maintenance costs and asset downtime are the factors driving the growth of predictive maintenance market www.reportsanddata.com Read More: https://www.reportsanddata.com/report-detail/predictive-maintenance-market

  3. Market Summary Further key findings from the report suggest • Cloud deployment offered multiple benefits such as flexibility, availability, low cost implementation, enhanced security, scalability, and flexible subscription models. These benefits are driving the cloud deployment in the predictive maintenance market • Governments and Defencesector are expected to hold relatively higher CAGR as Predictive Maintenance has become a critical part of operations in the defencesector. • In February 2019, PTC introduced the upgraded version of their ThingWorx Industrial Internet of Things (IIoT) solution platform. PTC upgraded its platform with the introduction of new capabilities that includes Operator Advisor which is designed to increase the productivity of factory workers using critical operational data • In August 2019, Cisco acquired predictive analytics based customer experience management company; Cloudcherry, this is cisco’s step toward complimenting its cognitive contact center solutions using predictive maintenance and analytics capabilities • Key participants include IBM, Microsoft, SAP, GE, Schneider Electric, Hitachi, PTC, Software AG, SAS, and TIBCO. www.reportsanddata.com

  4. Market Summary For the purpose of this report, Reports and Data have segmented the Predictive Maintenance market on the basis of component type, deployment type, size type, application and region: Deployment type (Revenue in USD Million; 2016–2026) On-Premises Cloud • • • Size type (Revenue in USD Million; 2016–2026) Large Enterprises Small and Medium Enterprises • • • www.reportsanddata.com Application (Revenue in USD Million; 2016–2026) Manufacturing Energy and Utilities. Healthcare Government & Defense Transportation & logistics Others • • • • • • •

  5. About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. Contact US Contact US We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. www.reportsanddata.com John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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