PUBLISHER: The Business Research Company | PRODUCT CODE: 1694672
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694672
Operational Predictive Maintenance (OPM) is a proactive maintenance strategy that leverages data analytics, machine learning, and predictive modeling techniques to forecast equipment failures or maintenance requirements before they occur. The objective of OPM is to minimize downtime, reduce maintenance costs, and optimize the efficiency and reliability of equipment and processes.
The primary types of Operational Predictive Maintenance include software and services. Software encompasses a collection of programs, instructions, and data that enable computers and other electronic devices to perform specific tasks, functions, or operations. It can be deployed in the cloud or on-premise and utilizes various technologies such as machine learning, deep learning, big data, and analytics. It is utilized by various end-users, including the public sector, automotive, manufacturing, healthcare, energy and utilities, transportation, and others.
The operational predictive maintenance market research report is one of a series of new reports from The Business Research Company that provides operational predictive maintenance market statistics, including operational predictive maintenance industry global market size, regional shares, competitors with an operational predictive maintenance market share, detailed operational predictive maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the operational predictive maintenance industry. This operational predictive maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The operational predictive maintenance market size has grown exponentially in recent years. It will grow from $7.31 billion in 2024 to $9.24 billion in 2025 at a compound annual growth rate (CAGR) of 26.4%. The growth in the historic period can be attributed to cost savings from reduced downtime and maintenance costs, improved asset reliability and performance, enhanced safety and risk mitigation, regulatory compliance requirements, growing awareness of predictive maintenance benefits.
The operational predictive maintenance market size is expected to see exponential growth in the next few years. It will grow to $23.57 billion in 2029 at a compound annual growth rate (CAGR) of 26.4%. The growth in the forecast period can be attributed to expansion into new industries and applications, demand for proactive maintenance solutions, market penetration in emerging economies, predictive maintenance adoption, increased focus on sustainability and energy efficiency initiatives. Major trends in the forecast period include integration of IoT sensors and data analytics, adoption of machine learning algorithms, expansion of applications across industries, development of cloud-based platforms, integration with enterprise asset management systems.
The operational predictive maintenance market is anticipated to grow due to the rising number of IoT (Internet of Things) devices. IoT devices, which include sensors, actuators, and appliances, connect wirelessly to networks and transmit data. This growth is driven by factors such as improved internet connectivity, greater industrial automation, enhanced supply chain management, and advancements in data analytics. IoT devices are crucial for operational predictive maintenance as they enable real-time monitoring, data analysis, early problem detection, and condition-based maintenance. These capabilities help organizations optimize asset performance, reduce costs, and improve operational efficiency. For example, the GSM Association, a UK-based industry group, forecasts that global IoT connections will grow to 23.3 billion by 2025, up from 15.1 billion in 2021. Thus, the increasing number of IoT devices is a key driver of the operational predictive maintenance market.
Key players in the operational predictive maintenance market are prioritizing technological innovations, such as AI-driven analytics and real-time monitoring, to improve equipment reliability and efficiency. These advancements enable businesses to proactively manage maintenance needs and reduce operational disruptions. Machine learning is employed to analyze sensor data, identifying patterns that signal potential issues, which helps in performing proactive maintenance to optimize performance and prevent failures. For example, in June 2024, Hitachi Industrial Equipment Systems Co., Ltd., a Japan-based company specializing in industrial equipment, introduced the "Predictive Diagnosis Service" for air compressors. This service uses machine learning and remote monitoring to detect and prevent potential issues, combining real-time data with maintenance expertise to improve operational efficiency, minimize downtime, and lessen environmental impact.
In March 2023, Schaeffler Group, a German automotive industry company, acquired ECO-Adapt SAS to bolster its presence in the growing predictive maintenance market. This strategic move aims to expand Schaeffler's service offerings, strengthen its market position, and contribute to its customers' sustainable future. ECO-Adapt SAS, based in France, specializes in energy monitoring and predictive maintenance services.
Major companies operating in the operational predictive maintenance market are Google LLC, Microsoft Corporation, Robert Bosch GmbH, Hitachi Ltd., Amazon Web Services Inc., The International Business Machines Corporation, General Electric Company, Schneider Electric SE, SAP SE, Svenska Kullagerfabriken AB, Rockwell Automation Inc., SAS Institute Inc., Micro Focus, Splunk Inc., PTC Inc., Software AG, TIBCO Software Inc., C3.ai Inc., Softweb Solutions Inc., Fiix Software, Uptake Technologies Inc., eMaint Enterprises LLC, Seebo Interactive Ltd., Asystom, Ecolibrium Energy
North America was the largest region in the operational predictive maintenance market in 2024. The regions covered in the operational predictive maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the operational predictive maintenance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The operational predictive maintenance market includes revenues earned by entities by providing services such as data analytics and modeling, predictive maintenance modeling, condition monitoring, failure prediction and diagnostics, performance monitoring and optimization, and training and support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Operational Predictive Maintenance Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on operational predictive maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for operational predictive maintenance ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The operational predictive maintenance market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.