New ARC Advisory Group research on the Asset Reliability Software & Services market reveals that greater numbers of manufacturing companies are implementing asset reliability solutions to predict potential asset failure in the quest of predictive maintenance. As the initial target of Industrial IoT applications, these manufacturers are seeking to obtain competitive advantage through improved maintenance strategies.
“The growing trend toward digitalization and connected devices drives demand for reliable operations. Manufacturers are leveraging IIoT capabilities to build the connected enterprise, which enables better visibility of plant operations and real-time diagnostics. Reliability solutions mitigate risk, optimize maintenance strategy and asset performance, as well as reduce costs and enhance safety, making them indispensable as greater numbers of assets become connected,” according to Paula Hollywood, Senior Analyst at ARC Advisory Group and key author of ARC’s Asset Reliability Software & Services Global Market Research report.
About the Asset Reliability Software & Services Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the asset reliability software & services market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by methodology, deployment, industry, revenue category, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.