Maintenance Analytics to Generate $24.7 Billion in 2019

Predikto was recently featured in a  Maintenance Analytics report by ABI Research. The London based Research group forecasts that revenues from maintenance analytics will total $9.1 billion this year. The market’s size will reach $24.7 billion in 2019, driven largely by adoption of predictive analytics and M2M connectivity.

Senior analyst Aapo Markkanen comments, “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 and eliminate waste, reducing costly downtime. Infrastructure, vehicles, and industrial equipment can all benefit from it.”

ABI Research stated that Predikto is one of the vendors specializing in predictive maintenance in specific verticals.  ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies.

We are excited to be recognized as a leader in Predictive Analytics for Asset Intensive industries with a focus on improving overall maintenance and equipment reliability.

The report can be found HERE