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Predictive Maintenance to be a Global $11B Industry by 2022, Global IoT Investments Driven by Automation says CompassIntel SAN ANTONIO, TX (PRWEB) APRIL 04, 2017
In order to stay on top of the competition, market intelligence is crucial and Compass Intelligence is proud to announce new hard-hitting research studies to support you in your IoT journey. Compass Intelligence has been covering the M2M, IoT, and Connected Things space since 2010 and is excited to announce new research available to highlight this fast-paced and sometimes over-hyped market. Despite whether the number is 20 Billion or 50 Billion connected devices, the industry has yet to showcase the kind of growth to get us to these numbers. Yes, if you include smartphones and other devices that are connected, maybe. However, the market continues to remain in a 'Let's test, implement small scale, evaluate use cases' stage in the market cycle, but the second half of 2017 is expected to bring larger scale implementations and begin our hockey-stick upward growth pattern. There have been amazing use cases in smart cities, connected lighting, home automation, connected vehicles, and heavy machinery intelligence, and these are all business use cases that are building trust and excitement in the industry. To highlight key activities in the market, Compass Intelligence wants to announce these two new IoT reports that are available today. 1. Predictive Maintenance Market Report 2017-2022 2. IoT Investment Analysis: A Bird's Eye View 2017 The emerging market for Predictive Maintenance shows increasing growth as maintenance strategies move from what has been known as Condition-based Maintenance to Analytics- and IoT-enabled Predictive Maintenance. The transition toward Predictive Maintenance is mostly driven by new IoT platforms, low-cost secure cloud storage as well as analytics vendors that offer dynamic data models play. This report outlines the $11B Predictive Maintenance market by segment. It examines current and expected spending for Predictive Maintenance solutions in greater detail across 13 vertical-industry segments and 7 technology areas. The study also describes the top 6 trends and main challenges affecting Predictive Maintenance. The report presents 47 use cases and provides a deep-dive into 11 specific examples of Predictive Maintenance currently in the market. Comparison to other maintenance approaches are outlined to highlight the benefits of connected Predictive Maintenance solutions, focusing especially on the differences between Condition-based Maintenance and Predictive Maintenance. This Global IoT Investments report reveals the investment plans companies from various industrial sectors across the globe will be making in the most discussed technology of the day the ‘Internet of Things’. In this report ‘ IoT Investment Analysis: Bird’s Eye View 2017’ team of experts reveals various aspects of why companies will invest in IoT and in which areas the investments will be high and where there will be scope for business growth. The report provides practical view-points based on past investment portfolios of IoT in various industry sectors, regions and applications. “Industries such as retail, cargo and fleet management, automotive and manufacturing are promising investors in IoT this year, looking at the industry from a global scale. While in the U.S., connected vehicle, asset tracking, and industrial automation applications have remained key drivers,” states Stephanie Atkinson, CEO of Compass Intelligence. To get access to this new research, please contact Stephanie Atkinson at satkinson(at)compassintelligence(dot)com or visit https://www.compassintelligence.com/m2m-iot-connected-devices.html to see our latest available research. Learn more: Predictive Maintenance Market Report 2017-2022 - https://www.compassintelligence.com/predictive-maintenance-market-report-2017-22.html Learn more: IoT Investment Analysis: A Bird's Eye View 2017 - https://www.compassintelligence.com/iot-investment-analysis-a-birds-eye-view-2017.html About Compass Intelligence Compass Intelligence, a market analytics and consulting firm, specializes in metrics-driven market intelligence, advisory, marketing support, and insights for the mobile, IoT, and high-tech industries. Compass Intelligence provides executive insights, market sizing/modeling, competitive analysis, strategic consulting, and expert recommendations on multiple markets. Compass Intelligence also runs the annual A-List in IoT & M2M awards, which run in the fall of 2017. Visit us at http://www.compassintel.com. Media Contact: Stephanie Atkinson CEO & Founder satkinson(at)compassintelligence(dot)com Comments are closed.
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