31 Mar '14, 8am

Maintenance analytics to generate US$24.7 billion in 2019, says ABI Research

Maintenance analytics to generate US$24.7 billion in 2019, says ABI Research Press release, March 31; Alex Wolfgram, DIGITIMES [Monday 31 March 2014] Revenues from maintenance analytics will total US$9.1 billion in 2014. Following a CAGR of 22%, the market's size will reach US$24.7 billion in 2019, driven largely by adoption of predictive analytics and M2M connectivity. While the more advanced forms of maintenance, predictive and prescriptive, still account for just 23% of the 2014 market, at the end of the forecast period they will collectively represent 60% of all revenues, according to ABI Research. Senior ABI Research analyst Aapo Markkanen said, "Today, predictive maintenance is one of the commercially readiest forms of M2M and IoT analytics, possibly second only to usage-based insurance. It helps asset-intensive organizations transform their maintenance operations an...

Full article: http://www.digitimes.com/news/a20140331PR201.html

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