Predictive Maintenance Market Size Projected to Reach $15.9 Billion by 2026, growing at a CAGR 30.6%

Shivamwm13 Dec, 2022News

The Predictive Maintenance Market size is to grow from USD 4.2 billion in 2021 to USD 15.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period, according to report by MarketsandMarkets. Various factors such as increasing spending on marketing and advertising activities by enterprises, increasing use of emerging technologies to gain valuable insights, growing need to reduce maintenance cost, equipment failure and downtime, and proliferation of customer channels are expected to drive the adoption of predictive maintenance technologies, and proliferation of customer channels are expected to drive the adoption of predictive maintenance technologies and services.