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Predictive Maintenance Market size worth USD 49.54 Billion, Globally, by 2030 at 27.45% CAGR: Verified Market Research®
The “Global Predictive Maintenance Market Size By Technology, By Component, By Application, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Predictive Maintenance Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Sept. 25, 2023 /PRNewswire/ — The Global Predictive Maintenance Market is projected to grow at a CAGR of 27.45% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 4.9 Billion in 2021 and is expected to reach USD 49.54 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=217711
Browse in-depth TOC on “Predictive Maintenance Market“
202 – Pages
126 – Tables
37 – Figures
Groundbreaking Advancements in Predictive Maintenance Market: A Paradigm Shift in Industrial Asset Management
The Predictive Maintenance Market is undergoing a transformative evolution, driven by the fusion of predictive analytics and cutting-edge Artificial Intelligence (AI) technologies within the Internet of Things (IoT) ecosystem. As industries increasingly recognize the economic and operational benefits of proactive asset management, the market is poised for unprecedented growth. In this dynamic landscape, North America leads the charge, boasting the largest market share and an impressive Compound Annual Growth Rate (CAGR) during the forecast period.
Predictive Maintenance Market Drivers and Trends:
- Predictive maintenance (PdM), with its predictive analytics foundation, is rapidly gaining prominence as a strategic maintenance program technique. The key drivers propelling this growth include:
- Cost Efficiency: The adoption of predictive maintenance optimizes the allocation of limited resources, resulting in cost savings compared to reactive maintenance strategies.
- Operational Uptime: By preemptively identifying equipment failures and anomalies, predictive maintenance maximizes equipment uptime, minimizing costly downtimes.
- Enhanced Quality and Supply Chain Efficiency: Improved equipment reliability and efficient maintenance scheduling positively impact the quality of products and streamline supply chain operations.
- Stakeholder Satisfaction: The strategic application of predictive maintenance translates into enhanced stakeholder satisfaction, as businesses operate more efficiently and reliably.
Predictive Maintenance Market Opportunities and Outlook:
The integration of AI-based IoT solutions into predictive maintenance is opening up a world of opportunities. Businesses can now forecast equipment breakdowns ahead of time, reducing the disruptions caused by unexpected machinery failures. Key opportunities include:
- Trend Analysis: Predictive maintenance enables the discovery of trends within vast streams of data, facilitating the proactive identification of potential equipment malfunctions.
- Needs-Based Maintenance: Real-time analysis of data empowers predictive maintenance to generate predictions, allowing for needs-based maintenance tailored to specific equipment conditions.
- Advanced Monitoring Nodes: The deployment of intelligent monitoring nodes within dedicated condition monitoring systems enhances the speed and accuracy of anomaly detection, leading to quicker response times.
- Real-time Condition Monitoring: The shift towards real-time condition monitoring is driven by the need for faster data access, necessitating the combination of in-memory databases and real-time analysis.
- Security and Privacy: The evolving landscape of predictive maintenance also presents opportunities for addressing privacy and security concerns, with particular focus on securing IoT devices and networks.
Predictive Maintenance Market Key Players:
Several prominent players are contributing to the rapid advancement of the Predictive Maintenance Market. Notable industry leaders and innovators include Robert Bosch GmbH, IBM, Software AG among others.
The Predictive Maintenance Market is on a trajectory of unprecedented growth, driven by advancements in predictive analytics, AI, and IoT technologies. With a focus on cost efficiency, operational uptime, quality improvement, and stakeholder satisfaction, the market is poised for transformative change. As North America continues to lead in this domain, the Predictive Maintenance Market presents promising opportunities for innovation, security enhancement, and resilient supply chain operations.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Predictive Maintenance Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Predictive Maintenance Market into Technology, Component, Application, End-User, And Geography.
- Predictive Maintenance Market, by Technology
o Cloud-Based
o On-Premise - Predictive Maintenance Market, by Component
o Software
o Service - Predictive Maintenance Market, by End-User
o Government and Defense
o Manufacturing
o Energy and Utilities
o Transportation and Logistics
o Healthcare and Life Sciences
o Others - Predictive Maintenance Market, by Application
o Heavy Machinery
o Small Machinery
o Others - Predictive Maintenance Market, by Geography
o North America
U.S
Canada
Mexico
o Europe
Germany
France
U.K
Rest of Europe
o Asia Pacific
China
Japan
India
Rest of Asia Pacific
o ROW
Middle East & Africa
Latin America
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Northstake Launches ETH Validator Marketplace as 3iQ Commits to Stake 80% of Its Assets, Unlocking Institutional ETH Total Returns
This new model for staking and trading ETH validators is set to solve liquidity challenges and shows a clear pathway to a 100% stake ratio for North American asset managers.
TORONTO, Nov. 18, 2024 /PRNewswire/ — Northstake A/S, the virtual asset service provider offering compliant staking products for institutions, has demonstrated a new staking model that allows asset managers to trade their ETH validators on a marketplace with industry-leading market makers, including GSR, Nonco, DV Chain and Keyrock.
Northstake’s ETH validator marketplace allows asset managers to trade ETH validators at a competitive liquidity premium compared to credit or liquid staking derivatives, helping to solve the industry challenge of contingent liquidity. The marketplace enables Northstake’s institutional clients to liquidate their ETH validator nodes in a matter of hours.
The first trade of a validator on Northstake’s ETH validator marketplace has been completed by 3iQ Corp, the Canadian investment fund manager which has been a front-runner in digital assets launching their first global 3iQ Ether Staking ETF (TSX: ETHQ) in 2023 and through Tetra Trust as a custodian.
Greg Benhaim, Executive Vice President for Products at 3iQ, said: “3iQ believes that by adding liquidity to our ETF validators, we can unlock the full return potential of ETH for our customers. With strong participation from market makers and sufficient liquidity depth, there’s an opportunity to stake the entirety of the ETF’s assets, maximizing its value. Northstake is currently the leading solution in addressing this need for ETFs.”
In solving persistent issues with contingent liquidity, Northstake will unlock ETH staking opportunities for its clients. Currently, only 28% (approx) of ETH’s total supply is being staked, representing missed opportunities for asset managers and investors, particularly those with spot ETH ETF positions. Northstake aims to enable ETH total return products and to become the backbone for an institutional-grade ETH total return token.
Jesper Johansen, CEO of Northstake A/S, said: “Our solution solves the contingent liquidity problem in a regulatory compliant way when staking ETH. This sets a new standard for how institutions should consider incorporating staking in their funds. The evidence and data we generate will provide a clear regulatory pathway for North American-based ETF issuers incorporating staking in their regulatory filings. Ultimately, our aim is to transform spot ETF into total return products”
This news follows the announcements of 3iQ, CoinFund, CoinDesk Indices, DV Chain, Nonco, Keyrock and GSR joining Northstake’s tokenized staking initiative earlier in 2024. Continuing its trajectory of strong growth, Northstake is now actively onboarding global ETF providers and market makers.
Jesper Johansen, CEO & Founder of Northstake, and Greg Benhaim, Executive Vice President for Products at 3iQ, are available for interviews.
About Northstake A/S
Northstake A/S is a regulated, EU-based virtual asset service provider offering compliant staking products to institutions. Northstake has demonstrated a new staking model allowing institutional investors to trade Eth validators on a marketplace with industry-leading market markers. Northstake aims to build a tokenized Eth validator marketplace for institutions. Northstake A/S (VASP, FTID: 17520) is regulated under the Danish Financial Supervisory Authority (DFSA). To learn more visit www.northstake.dk
About 3iQ
Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about 3iQ, https://3iq.io/.
View original content:https://www.prnewswire.co.uk/news-releases/northstake-launches-eth-validator-marketplace-as-3iq-commits-to-stake-80-of-its-assets-unlocking-institutional-eth-total-returns-302304096.html
Fintech PR
Nordic Capital to acquire Anaqua, a leading global Intellectual Property Management solutions provider
- Nordic Capital has entered into exclusive negotiations regarding the acquisition of a controlling interest in Anaqua from its existing shareholders led by Astorg
- A strategic investment focused on driving the continued growth of one of the world’s leading Intellectual Property Management software platforms, serving the largest and most innovative organisations
BOSTON, Nov. 18, 2024 /PRNewswire/ — Nordic Capital, an experienced private equity investor in Technology & Payments globally, has entered into exclusive negotiations regarding the acquisition of Anaqua from Astorg. Anaqua is a leading provider of innovation and intellectual property (IP) management technology solutions and services, trusted by nearly half of the top 100 U.S patent holders, leading global brands, and numerous law firms worldwide. This acquisition would support Anaqua’s global expansion and strengthen its market position by continuing to invest in its best-in-class software platform and enhancing its operational capabilities.
Anaqua’s differentiated solution integrates best-practice workflows, data analytics, foreign filings, and patent and trademark renewal payments into a single, mission critical software platform. This platform offers a unique end-to-end value proposition to streamline operations, inform strategy and empower decision-making around customers’ valuable IP portfolios.
“Nordic Capital shares our vision of a software-led IP management platform, making them the ideal partner for our next phase of growth. Their deep sector experience, successful history of investing in software companies and vast global network would help us continue to transform the IP management industry,” commented Bob Romeo, CEO at Anaqua. “Nordic Capital would enable us to accelerate our global expansion, enhance our technology-driven solutions and drive operational excellence, all of which is for the ultimate benefit of our clients,” added Justin Crotty, COO at Anaqua.
Anaqua was founded in 2004 and is headquartered in Boston, Massachusetts with offices across the US, Europe and Asia. Today, driven by more than 800 employees globally, Anaqua has grown into a leader in IP SaaS solutions. Its scalable cloud platform helps thousands of blue-chip corporate and law firm clients, including Nvidia, Honda, and IBM, to elevate innovation and IP management from asset protection to strategic advantage.
“Nordic Capital has closely followed Anaqua’s impressive progress and would be pleased to invest in a leader in IP management and innovation technology. This partnership would align with our commitment to supporting companies that drive industry transformation and would fit perfectly with Nordic Capital’s technology investment strategy. We look forward to supporting Anaqua in its next phase of growth, helping them to expand their global footprint further and establishing the leading IP management platform for innovation-driven industries,” commented Fredrik Näslund, Partner and Head of Technology & Payments, at Nordic Capital Advisors.
Nordic Capital has over 20 years of experience accelerating the growth of innovative technology companies and would be set to leverage its deep sub-sector and operational knowledge to create value and boost Anaqua’s ambitious plans. It has made 33 technology investments in companies with an aggregate enterprise value of circa EUR 26 billion, including ArisGlobal, Inovalon, Macrobond, Regnology, Trustly and Zafin. Nordic Capital also has a long history of investing in partnerships with owners, founders and management.
In recent years, the global IP landscape has been significantly influenced by advancements in technology and the increasing importance of data-driven decision-making. Increasingly relevant trends in the space include the integration of artificial intelligence (AI) in IP management, the rise of big data analytics and the need for robust IP protection frameworks. Anaqua is at the forefront of these trends, offering a comprehensive platform to streamline IP operations and enhance strategic decision-making. By addressing the complexities of IP management with fully-integrated solutions, Anaqua is well-positioned to meet the evolving needs of companies worldwide and drive the future of the industry.
The financial terms of the transaction are confidential as agreed upon by all parties. Relevant staff representatives are being consulted as per applicable laws and, subject to approval from the relevant regulatory and antitrust authorities, closing could occur by Q1 2025. William Blair acted as financial advisor to Nordic Capital. Arma Partners and Jefferies acted as exclusive financial advisors and Latham & Watkins acted as legal advisor to Astorg and Anaqua on this transaction.
Media contacts:
Nordic Capital
Elin Ljung
Managing Director, Head of Communications & Sustainability
+46 70-866 10 40
[email protected]
US media contact – Brunswick Group
[email protected]
Anaqua
Nancy Hegarty
VP Marketing Tel: +1.617.375.2655
[email protected]
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EQT Exeter to Acquire Strategic Supply Chain Assemblage Comprising Nearly Five Million Square Feet of Institutional Quality Industrial Assets
- Transaction consists of 33 high-quality distribution buildings located across 12 major industrial markets throughout the United States, all with adjacencies to EQT Exeter offices
- Properties include a mix of big box distribution and last-mile facilities primed to serve a variety of tenants in the Southeast, Midwest, and Texas
- EQT Exeter plans to implement strategic make-ready improvements to fill the remaining vacancy and collaborate with existing tenants to maintain steady occupancy and cash flow
PHILADELPHIA, Nov. 18, 2024 /PRNewswire/ — EQT Exeter, a leading global real estate investment manager, is pleased to announce that the EQT Exeter Industrial Value Fund VI (“EQT Exeter”) has acquired 33 industrial assets (“the Assemblage”) strategically located in prime submarkets across the United States. Twenty-one of the assets are located in markets with an EQT Exeter office.
The Assemblage consists of over 4.5 million square feet of bulk and last-mile industrial facilities with an average building size of over 138,000 square feet. The properties are located across four core regional markets, including the Southeast (Richmond, Atlanta, and Jacksonville); the “E-Commerce Triangle” (Louisville, Cincinnati, and Indianapolis); the Midwest (Chicago, St. Louis, Kansas City, and Minnesota); and El Paso, Texas.
Strategically located within these prime logistics corridors, the properties provide seamless connectivity to key interstate routes and major population centers, optimizing both last-mile and regional distribution. Designed with best-in-class features, these buildings support a broad spectrum of distribution functions and offer flexible suite sizes. Diverse site plans, optimal clear heights, and abundant dock positions maximize operational efficiency, catering to the diverse needs of today’s tenants. The properties feature 34 unique tenants and four vacant suites. Roughly 38% of the existing tenants constitute current relationships within EQT Exeter’s portfolio, reflecting the depth of the firm’s global tenant-partner relationships.
The Assemblage is approximately 90% leased with staggered lease terms. EQT Exeter intends to enhance value through the make-ready and lease-up of the remaining 428,000 square feet of available space across the assets. Through its “locals-with-locals” approach, EQT Exeter intends to strengthen existing tenant-partner relationships, foster new ones, and ensure the assets continue to meet the evolving needs of the tenants they aim to serve.
Chris Riley of CBRE arranged the transaction with assistance from Ryan Bain, Frank Fallon, Judd Welliver, José Lobón, Jonathan Beard, and Jonathan Bryan of CBRE National Partners.
EQT Press Office, [email protected]
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