Operational Predictive Maintenance Market : Global Industry Analysis and Forecast 2016 - 2022

Operational Predictive Maintenance Market : Global Industry
Analysis and Forecast 2016 - 2022

Persistence Market Research

Operational Predictive Maintenance Market :
Global Industry Analysis and Forecast
2016 - 2022

Persistence Market Research

1

Operational Predictive Maintenance Market : Global Industry
Analysis and Forecast 2016 - 2022

Persistence Market Research Released New Market Report on “Operational Predictive
Maintenance Market : Global Industry Analysis and Forecast 2016 - 2022”.

Operational predictive maintenance software retrieve multiple data sources in real time to
predict quality issues or asset failure. Adoption of these software solutions facilitate
organizations to prevent downtime and reduce maintenance costs. Operational predictive
software solutions detect failure patterns and minor anomalies to determine the assets and
operational processes that are at the greatest risk of failure. Deployment of operation predictive
maintenance software boosts equipment uptime and enhance supply chain processes and
quality. One of the major factors for the increasing usage of these software solutions is their
ability to accurately predict asset failure, enabling enterprises to take the asset out of production
ensuing efficient supply chain.

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The operational predictive maintenance market has been experiencing massive growth in the
recent years due to rise in demand for transforming maintenance operations and reducing asset
downtime. Moreover, increasing demand for big data and Internet of Things (IoT) and rising
focus of organizations on reducing operational cost is further expected to fuel the growth of
operational predictive maintenance market during the forecast period. However, lack of training
for operators and lack of trust in predictive maintenance technology is hindering the...