North America Predictive Maintenance Market is Expected to Grow at 40.3% in the forecast period of 2020 to 2027

The predictive maintenance industry will relinquish an approximated estimate at a frequency of 40.3% for the projection space of 2020 to 2027 with factor such as increasing concern towards improvement of uptime of equipment and maintenance, cost reduction and rising demand of predictive maintenance in various verticals.

The predictive maintenance market has shown an exceptional penetration in countries such as the U.S., Canada and Mexico due to increasing use of emerging technologies to gain valuable insights and rising demand of sensors among industries is creating opportunity for the North America predictive maintenance market.

Predictive Maintenance Market Scenario

According to Data Bridge Market Research, the market for predictive maintenance in the U.S. has witnessed the highest market share followed by Canada and Mexico. Market leader is IBM Corporation which accounts an estimated market share of approximately 27.1% in the North America predictive maintenance market. The company has gained outstanding sales through their predictive maintenance products.

  • In June 2020, PTC launched advanced ThingWorx 9.O Industrial IoT platform to enhance scalability, simplify solution development and expand OPC UA support for enterprise deployments. This will help the company to enhance their product portfolio and better meet consumers changing demand.

North America Predictive Maintenance Market

Trends Impacting the Predictive Maintenance Market

Now the question is which other regions IBM Corporation, SAP SE and Microsoft are targeting? Data Bridge Market Research has forecasted a large growth in the U.S. in North America predictive maintenance market and the market leaders targeting the Canada and Mexico to be their next revenue pockets for 2020.

The predictive maintenance market is becoming more competitive every year with companies such as IBM Corporation, SAP SE and Microsoft as they are the market leaders for predictive maintenance. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the predictive maintenance market.

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Predictive Maintenance Market Development

  • In July 2020, Microsoft joined hands with Verizon for the development of IoT applications. This will provide cloud-based analytics and pre-built IoT use case templates. This will help the company to enhance their product portfolio and their presence.

Scope of the Predictive Maintenance Market

North America predictive maintenance market is segmented on the basis of countries into the U.S., Canada and Mexico.

  • All country based analysis of predictive maintenance market is further analyzed based on further segmentation. On the basis of components, the predictive maintenance market is segmented into solution and services. On the basis of deployment mode, the predictive maintenance market is segmented into cloud and on-premise. On the basis of organization size, the predictive maintenance market is segmented into large enterprises and small and medium-sized enterprises. On the basis of vertical, the predictive maintenance market is segmented into manufacturing, energy and utilities, transportation, government, healthcare, aerospace & defense and others.

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Key Pointers Covered in Predictive Maintenance Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • IBM Corporation
  • SAP SE
  • Microsoft
  • ABB
  • Siemens
  • Schneider Electric
  • Software AG
  •, Inc.
  • DINGO Software Pty. Ltd.
  • Splunk Inc.
  • Oracle
  • Amazon Web Services, Inc. (a subsidiary of Amazon)
  • Hitachi, Ltd.
  • PTC
  • Softweb Solutions Inc. (An Avnet Company)
  • Uptake Technologies Inc
  • Huawei Technologies Co., Ltd.
  • Intel Corporation
  • SKF

Above are the key players covered in the report, to know about more and exhaustive list of predictive maintenance companies’, contact us

Research Methodology: North America Predictive Maintenance Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Developers, Predictive Maintenance Engineers and Industrial Professionals among others
  • Supply Side: Service Providers, Product Managers, Software developers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others

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