South Africa Predictive Maintenance Market Size & Outlook
South Africa predictive maintenance market, 2018-2030 (US$M)
Related Markets
South Africa predictive maintenance market highlights
- The South Africa predictive maintenance market generated a revenue of USD 227.0 million in 2023 and is expected to reach USD 1,504.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 31% 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 227.0 million |
| Market revenue in 2030 | USD 1,504.0 million |
| Growth rate | 31% (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, South Africa accounted for 2.3% 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 Middle East & Africa, South Africa predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,504.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 80.35% in 2023. Horizon Databook has segmented the South Africa predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa predictive maintenance market is expected to witness significant growth over the forecast period. The growth of the South African market can be attributed to the growing adoption of advanced analytics to optimize processes.
Increase the deployment of business intelligence software to provide control access to customer databases, transaction security, and improved customer experience. Furthermore, the increasing adoption of smart applications.
Emerging social media platforms, and the industrial revolution are expected to produce massive databases. Therefore, rising databases across industries are expected to fuel the demand for predictive maintenance solutions in the region.
Reasons to subscribe to South Africa predictive maintenance market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
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 South Africa predictive maintenance market databook
-
Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the South Africa predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa predictive maintenance market size, by component, 2018-2030 (US$M)
South Africa Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
