Mexico Predictive Maintenance Market Size & Outlook
Mexico predictive maintenance market, 2018-2030 (US$M)
Related Markets
Mexico predictive maintenance market highlights
- The Mexico predictive maintenance market generated a revenue of USD 261.4 million in 2023 and is expected to reach USD 1,875.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 32.5% 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.
Predictive maintenance market data book summary
| Market revenue in 2023 | USD 261.4 million |
| Market revenue in 2030 | USD 1,875.4 million |
| Growth rate | 32.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 2.7% of the global predictive maintenance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,875.4 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 86% in 2023. Horizon Databook has segmented the Mexico predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexican predictive maintenance market is expected to witness significant growth over the forecast period. In Mexico, the increasing demand for software solutions and services among organizations and the rising IT spending are expected to create robust growth opportunities for the predictive maintenance market.
A looming shift in the focus of government bodies on improving the digital infrastructure is another significant factor that is anticipated to drive the growth of the regional market over the forecast period.
With the growing adoption of digital infrastructure solutions, companies are likely to prefer intelligent software over conventional building methodologies during the post-pandemic era.
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Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into Mexico predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico predictive maintenance market size, by component, 2018-2030 (US$M)
Mexico Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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