Predictive Maintenance Market Trends, Unveiling The Potential Scope For 2023-2030

Mnmlatesttrends05 Jul, 2024Technology

The global Predictive Maintenance Market size is projected to grow from grow from USD 10.6 billion in 2024 to USD 47.8 billion by 2029, at a CAGR of 35.1% during the forecast period, according to a new report by MarketsandMarkets?. The predictive maintenance market is driven by various factors such as increasing use of emerging technologies to gain valuable insights, advent of ML and AI and the growing need to reduce maintenance cost, equipment failure, and downtime.