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North America Predictive Maintenance Market Forecast 2019-2027

KEY FINDINGS
The North America predictive maintenance market is estimated to project a CAGR of 23.74% during the projected period. The large presence of solution and service vendors is the primary factor driving the growth of the market.

MARKET INSIGHTS
The North American region, with regard to the predictive maintenance market, is segregated into the United States and Canada. The market region of North America dominates the global market for predictive maintenance, with the largest market share. The US region constitutes the presence of key players that are incorporating predictive management techniques, thereby propelling the growth of the market. The benefits of machine learning technology such as, improved accuracy of predictive algorithms, finds applications in various industries. The manufacturing technologies have the benefits of the investments from both, the federal government and the private sector. The increasing adoption by large enterprises in order to improve their maintenance strategy is helping the market grow. In the Canadian region, the companies are using AI for increased efficiency, risk management, minimizing downtime, etc. The region also has the advantage of increased research and development activities with regard to predictive management. The rising adoption is also estimated to change the perception of predictive management in the Canadian region.

COMPETITIVE INSIGHTS
Some well-established players in the market include, Schneider Electric Se, Software Ag, Sas Institute Inc., IBM Corporation, Sap Se, Ptc Inc.,Microsoft Corporation, etc.

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North America Predictive Maintenance Market Forecast 2019-2027
Published By :Inkwood Research
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