Predictive Maintenance Market Size Likely to Surpass US$30.8 Bn by 2030
The global predictive maintenance market is undergoing rapid transformation, driven by technological innovation and the growing need for operational efficiency. Valued at approximately US$4.6 Bn in 2023 , the predictive maintenance market is projected to reach US$30.8 Bn by 2030 , expanding at a remarkable CAGR of 31.2% during the forecast period. Organisations across industries are increasingly adopting predictive maintenance to reduce equipment failures, minimise downtime, and optimise maintenance strategies. For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/predictive-maintenance-market Why Predictive Maintenance is Gaining Traction Predictive maintenance is reshaping how industries approach asset management. Unlike traditional time-based maintenance, this approach leverages IoT sensors, machine learning, and real-time data analytics to anticipate equipment failures before they occur. By proactively addressing potential issues, companies...