Middle East and Africa Predictive Maintenance Market, By Components (Solutions and Services), Deployment Mode (Cloud and On-Premise), Organisation Size (Large Enterprises and Small and Medium-Sized Enterprises), Vertical (Manufacturing, Energy & Utilities, Transportation, Government, Healthcare, Aerospace & Defense and Others), Country (Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Predictive maintenance market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 37.2% in the forecast period of 2020 to 2027 and expected to reach USD 13,648.14 million by 2027.
The predictive maintenance applications are suitable for having critical operational function with cost-effective prediction through continuous monitoring. The predictive maintenance has the following advantages, it saves cost by reducing the time, minimizing production hours lost due to maintenance and have low cost of spare parts for suppliers.
This predictive maintenance market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa predictive maintenance market is segmented on the basis of component, student served, subjects. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of components, the Middle East and Africa predictive maintenance market is segmented into solutions and services. In 2020, the solution segment has accounted for the largest market share due to the growing concern of organization towards cutting down the cost and improvement in the uptime of equipment.
- On the basis of deployment mode, the Middle East and Africa predictive maintenance market is segmented into cloud and on-premise. In 2020, the on-premise segment has accounted for the largest market share due to the growing concern for data security among the organization.
- On the basis of organization size, the Middle East and Africa predictive maintenance market is segmented into large enterprises and small and medium-sized enterprises. In 2020, the large enterprises segment has accounted for the largest market share due to the growing adoption of industrialization 4.0 robots and many others which has resulted in increasing demand for predictive maintenance.
- On the basis of vertical, the Middle East and Africa predictive maintenance market is segmented into manufacturing, energy & utilities, transportation, government, healthcare, aerospace & defense and others. In 2020, the manufacturing segment has accounted for the largest market share due to the rising automation in the manufacturing sector which has resulted in increasing demand for the predictive maintenance.
Predictive Maintenance Market Country Level Analysis
Predictive maintenance market is analysed and market size information is provided by country, components, deployment mode, organization size and vertical.
South Africa accounted largest market share is due to increasing concern towards improvement of uptime of equipment and maintenance cost reduction.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Low Level of Awareness among Enterprises
Predictive maintenance market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in predictive maintenance and changes in regulatory scenarios with their support for the predictive maintenance market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Predictive Maintenance Market Share Analysis
Predictive maintenance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East and Africa predictive maintenance market.
The major players covered in the report are IBM Corporation, SAP SE, Microsoft, PTC, Siemens, GENERAL ELECTRIC, Schneider Electric, Software AG, C3.ai, Inc., DINGO Software Pty. Ltd., Splunk Inc., Uptake Technologies Inc, Oracle, Amazon Web Services, Inc. (a subsidiary of Amazon), Softweb Solutions Inc. (An Avnet Company), ABB, Huawei Technologies Co., Ltd., Intel Corporation, SKF, Hitachi, Ltd., among others Middle East and Africa players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Middle East and Africa Predictive Maintenance Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.