NORTH AMERICA PREDICTIVE MAINTENANCE MARKET FORECAST 2019-2027

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NORTH AMERICA PREDICTIVE MAINTENANCE MARKET FORECAST 2019-2027

The market for predictive maintenance in the North American region is predicted to exhibit a CAGR of 23.74% during the forecasted period, 2019-2027. There is increasing awareness with regard to predictive maintenance measures, which is the most important factor determined to drive market growth. The predictive maintenance market in the North American region is analyzed based on the countries of the United States and Canada. In the US region, the increasing adoption of smart devices results in cost reduction and increased product efficiency. The companies in the region are adopting advanced technologies as a result of Industry 4.0. It aids in gaining insight over operations in real time.

NORTH AMERICA PREDICTIVE MAINTENANCE MARKET FORECAST 2019-2027

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The market for predictive maintenance in the North American region is predicted to exhibit a CAGR of 23.74% during the forecasted period, 2019-2027. There is increasing awareness with regard to predictive maintenance measures, which is the most important factor determined to drive market growth.

The predictive maintenance market in the North American region is analyzed based on the countries of the United States and Canada. In the US region, the increasing adoption of smart devices results in cost reduction and increased product efficiency. The companies in the region are adopting advanced technologies as a result of Industry 4.0. It aids in gaining insight over operations in real time. The increasing initiatives and investments from both, the private and public sectors, is aiding in the growth of the US market. The increasing adoption of IoT technology boosts the growth of the predictive maintenance market in the region of Canada. The financial impact of predictive maintenance is another factor that is focused upon by the companies in the region. The investments by the small and medium enterprises are set to aid the industry during the forecasted period.

One of the well-established players in the market is the SAS institute Inc. The company is a supplier of business analytics software and services. The product portfolio of the company ranges from analytics pro to software trials. The company operates across Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company has its headquarters in Cary, North California.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • GROWING DEMAND FOR CLOUD APPLICATIONS
      • RISING INNOVATIONS IN HEALTHCARE SEGMENT
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING NEED TO REDUCE MACHINERY BREAKDOWN
      • RISING INVESTMENTS FOR PREDICTIVE MAINTENANCE
    • MARKET RESTRAINTS
      • SKILL GAP IS THE KEY RESTRAINT TO MARKET GROWTH
      • COMPLICATIONS IN IMPLEMENTATION OF TECHNOLOGY
    • MARKET OPPORTUNITIES
      • HIGH ADOPTION OF MACHINE LEARNING AND IIOT
      • SWELLING DEMAND FOR CONDITION BASED MONITORING
    • MARKET CHALLENGES
      • DATA PRIVACY CONCERNS
  1. MARKET BY COMPONENT
    • SOLUTION
    • SERVICE
  2. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  3. MARKET BY TECHNIQUE
    • VIBRATION MONITORING
    • ELECTRICAL TESTING
    • OIL ANALYSIS
    • ULTRASONIC LEAK DETECTORS
    • SHOCK PULSE
    • INFRARED
    • OTHERS
  4. MARKET BY STAKEHOLDER
    • MRO
    • OEM/ODM
    • TECHNOLOGY INTEGRATORS
  5. MARKET BY END USER
    • MANUFACTURING
    • ENERGY & UTILITIES
    • AEROSPACE & DEFENSE
    • TRANSPORTATION & LOGISTICS
    • GOVERNMENT
    • HEALTHCARE
    • OTHERS
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COST
      • COMPANY BACKGROUND & EXPERIENCE
      • EASE OF USE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • ASYSTOM
    • ai Inc.
    • SOFTWARE AG
    • SCHNEIDER ELECTRIC SE
    • SAS INSTITUTE INC.
    • SAP SE
    • PTC INC.
    • MICROSOFT CORPORATION
    • IBM CORPORATION
    • HITACHI LTD.
    • GENERAL ELECTRIC
    • UPTAKE TECHNOLOGIES
    • TIBCO SOFTWARE INC.
    • SPARK COGNITION INC.
    • FIIX INC.

 

TABLE LIST

TABLE 1: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019-2027 (IN $ MILLION)

TABLE 3: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT, 2019-2027 (IN $ MILLION)

TABLE 4: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE, 2019-2027 (IN $ MILLION)

TABLE 5: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY STAKEHOLDER 2019-2027 (IN $ MILLION)

TABLE 6: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY END USER, 2019-2027 (IN $ MILLION)

TABLE 7: OPPORTUNITY MATRIX

TABLE 8: VENDOR LANDSCAPE

TABLE 9: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

FIGURE LIST 

FIGURE 1: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2018 & 2027 (IN %)

FIGURE 2: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY SOLUTION, 2019-2027 (IN $ MILLION)

FIGURE 3: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2019-2027 (IN $ MILLION)

FIGURE 4: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY ON-PREMISE, 2019-2027 (IN $ MILLION)

FIGURE 5: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY CLOUD, 2019-2027 (IN $ MILLION)

FIGURE 6: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY VIBRATION MONITORING, 2019-2027 (IN $ MILLION)

FIGURE 7: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY ELECTRICAL TESTING, 2019-2027 (IN $ MILLION)

FIGURE 8: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY OIL ANALYSIS, 2019-2027 (IN $ MILLION)

FIGURE 9: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY ULTRASONIC LEAK DETECTORS, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY SHOCK PULSE, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY INFRARED, 2019-2027 (IN $ MILLION)

FIGURE 12: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 13: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY MRO, 2019-2027 (IN $ MILLION)

FIGURE 14: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY OEM/ODM, 2019-2027 (IN $ MILLION)

FIGURE 15: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY TECHNOLOGY INTEGRATORS, 2019-2027 (IN $ MILLION)

FIGURE 16: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 17: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ MILLION)

FIGURE 18: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY AEROSPACE & DEFENSE, 2019-2027 (IN $ MILLION)

FIGURE 19: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY TRANSPORTATION & LOGISTICS, 2019-2027 (IN $ MILLION)

FIGURE 20: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)

FIGURE 21: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 22: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 23: PORTER’S FIVE FORCE ANALYSIS

FIGURE 24: KEY BUYING IMPACT ANALYSIS

FIGURE 25: NORTH AMERICA PREDICTIVE MAINTENANCE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 26: UNITED STATES PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: CANADA PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY COMPONENT
    • SOLUTION
    • SERVICE
  2. MARKET BY DEPLOYMENT
    • ON-PREMISE
    • CLOUD
  3. MARKET BY TECHNIQUE
    • VIBRATION MONITORING
    • ELECTRICAL TESTING
    • OIL ANALYSIS
    • ULTRASONIC LEAK DETECTORS
    • SHOCK PULSE
    • INFRARED
    • OTHERS
  4. MARKET BY STAKEHOLDER
    • MRO
    • OEM/ODM
    • TECHNOLOGY INTEGRATORS
  5. MARKET BY END USER
    • MANUFACTURING
    • ENERGY & UTILITIES
    • AEROSPACE & DEFENSE
    • TRANSPORTATION & LOGISTICS
    • GOVERNMENT
    • HEALTHCARE
    • OTHERS

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