ABI Research forecasts that revenues from maintenance analytics will total $9.1 billion this year. Following a CAGR of 22%, the market’s size will reach $24.7 billion in 2019, driven largely by adoption of predictive analytics and M2M connectivity. While the more advanced forms of maintenance, predictive and prescriptive, still account for just 23% of this year’s market, at the end of the forecasting period they will collectively represent 60% of all revenues.
Senior analyst Aapo Markkanen comments, “Today, predictive maintenance is one of the commercially readiest forms of M2M and IoT analytics, possibly second only to usage-based insurance. It helps asset-intensive organizations transform their maintenance operations and eliminate waste, reducing costly downtime. Infrastructure, vehicles, and industrial equipment can all benefit from it.”
Predictive maintenance is being championed by likes of GE, Bosch, plus other large and increasingly software-centric manufacturers, but its key enablers are the technology suppliers that allow customers to employ similar approaches regardless of their OEMs. In the latter group, one can find horizontal analytic vendors of various sizes, ranging from BI giants (SAP, IBM) to agile and fast-moving start-ups (RapidMiner, Blue Yonder). Predikto and Mtell, meanwhile, are examples of vendors specializing in predictive maintenance in certain verticals. Finally, maintenance represents an opportunity for many M2M players to add value to their offerings.
Practice director Dan Shey envisions, “Analytics is where much of the money in IoT will be ultimately made. This means that application platforms like Axeda, ILS Technology, ThingWorx and Xively need to facilitate big data if they want to gain a competitive edge. Mnubo and MachineShop, two recent designed-for-analytics start-ups, will make an interesting comparison on that front. Besides the platforms, some of the IoT-savvier telcos – AT&T and Telefonica, for example – could possibly leverage analytics to move up the stack.”
These findings are from ABI Research’s “Predictive Maintenance Solutions and Strategies” study, which is part of the firm’s M2M Service Delivery Platforms and Internet of Everything Research Services.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Asia: +65 6950.5670