Predictive Maintenance Market Analysis, Trends, and Forecasts, 2025 - Worldwide Market is Projected to Grow by US$8 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2019--
The “Predictive Maintenance - Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
Predictive Maintenance market worldwide is projected to grow by US$8 Billion, driven by a compounded growth of 25.3%.
Cloud, one of the segments analyzed and sized in this study, displays the potential to grow at over 29.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.7 Billion by the year 2025, Cloud will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 24.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$441 Million to the region’s size and clout in the next 5 to 6 years. Over US$703.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Cloud will reach a market size of US$236.3 Million by the close of the analysis period.
As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 31.5% over the next couple of years and add approximately US$1.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Competitors identified in this market include among others:
For more information about this report visit https://www.researchandmarkets.com/r/gzq08d
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INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
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PUB: 12/18/2019 12:59 PM/DISC: 12/18/2019 12:59 PM