Middle East & Africa Predictive Maintenance Market Size & Outlook
Middle East & Africa predictive maintenance market, 2018-2030 (US$M)
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MEA predictive maintenance market highlights
- The MEA predictive maintenance market generated a revenue of USD 737.3 million in 2023.
- The market is expected to grow at a CAGR of 29.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 737.3 million |
| Market revenue in 2030 | USD 4,557.6 million |
| Growth rate | 29.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Accenture PLC Class A, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, Hitachi Ltd, International Business Machines Corp, Microsoft Corp, PTC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, SAP SE ADR, SAS AB, Schneider Electric SE, Siemens Healthineers AG ADR, Siemens AG, Software AG Registered Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.5% of the global predictive maintenance market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,184.1 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa predictive maintenance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to predictive maintenance market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 81.36% in 2023. Horizon Databook has segmented the Middle East & Africa predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa predictive maintenance market is expected to witness significant growth over the forecast period. Visibility over all processes is critical in production. Uncertainty is widespread in manufacturing systems that do not incorporate technological.
Ways to increase performance such as simulations, big data analytics, and systems integration. This uncertainty can emerge as a breakdown of equipment, changes in the product or service lifetime, or variable productivity of operations.
With digital twin, visibility can be enhanced in industrial processes and uncertainty can be removed. These challenges, overcome with digital twin, which improves predictive maintenance in manufacturing. Furthermore, digital twin technology allows a broader set of professionals to upgrade and enhance the physical.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa predictive maintenance market databook
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Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa predictive maintenance market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA predictive maintenance market size, by country, 2018-2030 (US$M)
Middle East & Africa Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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