Predictive Maintenance Market Growth Driven by IoT, AI, and Industry 4.0 Adoption
The global Predictive Maintenance Market was valued at USD 12.32 billion in 2024 and is expected to reach USD 156.88 billion by 2034, growing at a CAGR of 29% from 2025 to 2034. The market growth is driven by the rising adoption of Industry 4.0 technologies, IoT-enabled equipment, and advanced analytics. Predictive maintenance solutions help organizations monitor equipment health,...
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