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The global predictive maintenance market was valued at US$ 5.95 Billion in 2021.
We expect the global predictive maintenance market to exhibit a CAGR of 27.60% during 2022-2027.
The rising adoption of real-time streaming analytics technologies, such as predictive maintenance,
across various organizations to constantly process and analyze data records is primarily driving the
global predictive maintenance market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of predictive
maintenance technology to track remote working and asset management during the implementation of
stringent lockdown regulations across several nations.
Based on the component, the global predictive maintenance market can be segmented into solution and
service. Currently, solution holds the majority of the total market share.
Based on the technique, the global predictive maintenance market has been divided into vibration
monitoring, electrical testing, oil analysis, ultrasonic leak detectors, shock pulse, infrared, and others.
Among these, vibration monitoring currently exhibits a clear dominance in the market.
Based on the deployment type, the global predictive maintenance market can be categorized into cloud-
based and on-premises. Currently, on-premises deployment accounts for the majority of the global
Based on the organization size, the global predictive maintenance market has been segregated into
small and medium-sized enterprises and large enterprises, where large enterprises currently hold the
largest market share.
Based on the industry vertical, the global predictive maintenance market can be bifurcated into
manufacturing, energy and utilities, aerospace and defense, transportation and logistics, government,
healthcare, and others. Among these, the manufacturing industry exhibits a clear dominance in the
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global predictive maintenance market include Asystom, C3.ai Inc.,
General Electric Company, Google LLC (Alphabet Inc.), Hitachi Ltd., International Business Machines
Corporation, Microsoft Corporation, PTC Inc., SAP SE, Software AG, Tibco Software Inc., and Uptake
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