Predictive Maintenance Market Size, | Industry Growth, Upcoming Trends And Forecast Upto 2030

Mnmlatesttrends05 Jul, 2024Technology

The predictive maintenance market is expected to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The predictive maintenance market is propelled by several factors, including the rising adoption of emerging technologies for gaining valuable insights, the introduction of machine learning and artificial intelligence, and the increasing emphasis on minimizing maintenance costs, equipment failures, and downtime.