According to a recently published report, the Global Operational Predictive Maintenance Market is expected to grow at the CAGR of 26.6% for the forecast period 2016-2022 and become $3035 million market by 2022. The segmentation of global operational predictive maintenance market is based component, deployment type, application and geography. The report global operational predictive maintenance market forecast 2016-2022 (component, deployment type, application and geography) provides detailed overview and predictive analysis of the market.
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In operational predictive maintenance data from multiple data sources is retrieved in real time to predict various patterns regarding quality, assets and production. It is used in detection of failure patterns to determine operational processes and assets efficiency that are of great risk failure. Training and support services segment is anticipated to grow at the highest CAGR during the forecast period. This growth is mainly attributed to emerging regions such as APAC, Latin America and MEA, as the predictive maintenance solution which requires skilled labor which is much less in number in these region in comparison to developed ones. The major factor driving the global pharmaceutical recipients market is rising demand of software to reduce asset downtime and transform maintenance operations and increasing adoption of big data and IOT. Around 35% of industries in U.S. have adopted IOT and are collecting data using sensors to enhance the manufacturing process. Adoption of these software and solutions by organizations enables them reduce maintenance cost, increase operational efficiency and prevent unplanned downtime. Furthermore, deployment of operation predictive maintenance software enhances supply chain process, quality and boosts equipment uptime. Predictive maintenance software is dependent on both technology and human skills. In predictive maintenance technicians, engineers and analysts play a major role to interpret the data and analyze it. Hence scarce availability of skilled staff and lack of training provided to the operators is the major challenge faced by industries in adopting operational predictive maintenance.
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Scope of the report
1. Global Operational Predictive Maintenance Market by Component 2016 – 2022 ($ Million)
1.2.2. Training and Support
2. Global Operational Predictive Maintenance Market by Deployment Model 2016- 2022 ($ Million)
2.1. Premise Deployment
2.2. On Cloud Deployment
3. Global Operational Predictive Maintenance Market by Application 2016- 2022 ($ Million)
3.2. Energy and Utilities
3.5. Government & Defense
3.6. Transport and Logistics
4. Global Operational Predictive Maintenance Market regional outlook 2016-2022 ($ Million)
4.1. North America
4.3. Asia Pacific
4.4. Middle East & Africa
4.5. Central & South America
5. Company profiles
5.3. Emaint Enterprises, LLC
5.5. Fusionex Analytics
5.6. General Electric
5.7. IBM Corporation
5.9. Rockwell Automation, Inc.
5.11. SAS Institute, Inc.
5.12. Schneider Electric
5.15. Software AG
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