The Market for Predictive Maintenance in Motor-Driven Systems

In early December of 2020, Amazon announced a new suite of products that gives it a highly competitive predictive maintenance offering comprised of both hardware and software.

This entrance shifts the dynamic of the predictive maintenance market dramatically; now a major supplier of cloud storage, AWS, is providing a competitive solution against vendors largely dependent on third-party cloud storage providers. The importance of this development cannot be overstated. In the upcoming presentation, Adrian Lloyd and Blake Griffin of Interact Analysis will discuss Amazon's entrance in the context of the growing predictive maintenance market.

In addition to exploring this topic in detail, we will clearly outline predictive maintenance with discussion around the drivers and barriers the technology faces. The concept of predictive maintenance has been around for a very long time; however, the methods and technologies used to perform predictive maintenance are only now reaching a point that enables en masse deployment. This development is an extremely important trend to monitor, as it has the potential to fundamentally shift the customer's expectations regarding what large automation vendors ought to be offering.

• You will leave with a better understanding of how users are implementing predictive maintenance, which will help you develop your own offerings or strategies pertaining to asset management.
• You will gain a clear view as to why Amazon’s entrance into this market fundamentally changes the market dynamic; this will help provide context for future strategy development.
• You will learn what scale predictive maintenance technologies are currently being used, and what the expectation for future use is through 2024.

Blake Griffin, Senior Analyst at Interact Analysis

Sign up for the ITR Insider™ using promo code FREEMONTH to start your subscription with the first month free and to receive this exclusive complimentary webinar on US Manufacturing with ITR Senior Business Advisor Alex Chausovsky and Interact Analysis Senior Analyst Blake Griffin.