IBM Corporation, SAP SE and Microsoft are Dominating in the North America Predictive Maintenance Market in 2019

North America Predictive Maintenance Market is expected to grow with the CAGR of 40.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America predictive maintenance market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in North America predictive maintenance market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in November 2019, IBM Corporation announced to launch Maximo Asset Monitor embedded with AI and monitoring solutions. This product was designed to help maintenance and operations and improve the performance of physical assets. This has helped the company to enhance its product portfolio and expanded its presence in asset management capabilities.

IBM Corporation is the dominating player in North America predictive maintenance market. The other key players existing in the predictive maintenance market are SAP SE, Microsoft, PTC, Siemens, GENERAL ELECTRIC, Schneider Electric, Software AG, C3.ai, Inc, DINGO Software Pty. Ltd, Uptake Technologies Inc, Splunk Inc., Oracle, Amazon Web Services, Inc., Softweb Solutions Inc, Hitachi, Ltd, ABB, Huawei Technologies Co., Ltd, Intel Corporation, SKF among others.

North America Predictive Maintenance Market

IBM Corporation:

IBM Corporation is headquartered in New York, U.S. and was founded in 1911. The company is engaged in manufacturing and providing new technological solutions for business in various industries. The company deals in multiple business segments such as cloud & cognitive software, global business services, global technology services, systems and global financing among which cloud & cognitive software is the market focused segment. The company offers wide range of products under categories such as software trials, analytics, cloud, IBM blockchain, industry solutions, internet of things, IT infrastructure, security and watson out of which internet of things is the market focused category.

For instance,

  • In February 2019, IBM Corporation announced to launch a new portfolio of Internet of Things (IoT) solutions with AI and Advanced Analytics named as Metropolitan Atlanta Rapid Transit Authority (MARTA) to improve maintenance strategies. This product is designed to help organizations to lower costs and reduce the risk of failures of vehicles, manufacturing robots, turbines, mining equipment, elevators and electrical transformers. This has helped the company to enhance their product portfolio.

The company has presence across Europe, Asia-Pacific, North America, Latin America and Middle East and Africa and generates revenue from subsidiaries such as Red Hat Software (U.S.), IBM India Private Limited (India), Weather Underground (U.S.), Aspera (U.S.), Fiberlink Communications Corp. (U.S.) and others.

SAP SE:

SAP SE is headquartered in Walldorf, Germany and was founded in 1972. The company is engaged in manufacturing and providing end-to-end enterprise application software, database, analytics, intelligent technologies and experience management. The company deals in multiple business segments such as applications, technology and services, intelligent spend group and qualtrics among which applications, technology and services is the market focused segment. The company provides various products under categories such as ERP and finance, CRM and customer experience, network and spend management, supply chain management, HR and people engagement and business technology platform out of which supply chain management is market focused category.

For instance,

  • In April 2016, SAP SE launched an on-premise edition of predictive maintenance and service to improve the health of assets and optimize their operation and servicing. This product brings the power of Big Data and IoT into existing service and runs on an extendable and high-performing data processing platform which processes huge amount of information technology (IT) and operational technology (OT) data. This has helped the company to better meet consumers changing demands and enhance the product portfolio.

The company has wide presence across the Europe, Asia-Pacific, America and Middle East which generates revenue from subsidiaries such as Qualtrics (U.S.), SAP Concur (U.S.), SuccessFactors (U.S.), SAP Ariba (U.S.), SAP Japan Co., Ltd. (Japan) and others.

Microsoft:

Microsoft is headquartered in Washington, U.S. and was founded in 1975. The company is engaged in manufacturing and providing cloud-based solutions with software, services, platforms and content and also provides support and consulting services. The company deals in multiple business segments such as productivity and business processes, intelligent cloud and more personal computing among which more personal computing is the market focused segment. The company has various products under categories such as devops, developer tools, hybrid, identity, integration, internet of things, management and governance, media, migration, mixed reality, mobile, networking, security, storage, web, windows virtual desktop, databases, containers, blockchain, analytics and AI + machine learning out of which internet of things is the market focused category.

For instance,

  • In July 2020, Microsoft launched Azure Time Series Insights Gen2 which is a fully managed IoT analytics platform that helps customers to conduct root-cause analysis in large volumes of industrial data. Azure Time Series Insights Gen2 provides a scalable, pay-as-you-go pricing model that enables customers to tune to business demand and offers multi-layered storage. This has helped the company to enhance its product offerings and grow in the market.

The company has wide presence in North America, South America, Europe, Asia-Pacific and Middle East and Africa and generates revenue from subsidiaries such as GitHub (U.S.), Yammerand (U.S.), Microsoft India (India), Skype Communications S.a r.l. (U.S.), LinkedIn Corporation (U.S.) and others.