Predictive Maintenance Market Size 2025-2030
The Global Predictive Maintenance Market size was valued at around USD 10.93 billion in 2024 and is projected to reach USD 41.90 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.10% during the forecast period, i.e., 2025-30.
What are the key market drivers leading to the rise in the adoption of Predictive Maintenance Market?
Mounting Adoption of Digital Transformation and Industry 4.0 Practices – Various digital transformation initiatives and the integration of advanced technologies are creating the demand for predictive maintenance solutions. Industry 4.0 emphasizes the integration of digital technologies, automation, and data-driven decision-making in industrial processes. Predictive maintenance plays a crucial role in Industry 4.0 by leveraging the IoT (Internet of Things) to gather real-time data from sensors & connected devices and enable proactive maintenance strategies while optimizing asset performance.
How is this Predictive Maintenance market segmented?
With predictions and estimations in "USD million" for the years 2025–2030, the Predictive Maintenance Market research report offers comprehensive data (region-wise segment analysis).
By Components (Solutions, Services), By Deployment Mode (On-Premise, Cloud), By Organization Size ( Large Enterprise, Small & Medium Enterprise), By Vertical (Government & Defense, Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare & Lifesciences, Media & Telecom, Others), By Technique (Traditional, Advanced), By Testing Type (Vibration Monitoring, Electrical Insulation, Infrared Thermography, Temperature Monitoring, Ultrasonic Leak Detector, Oil Analysis) By Region (North America, South America, Europe, APAC, Middle East, Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, Russia & CIS, Spain, China, India, Japan, South Korea, South East Asia, Saudi Arabia, UAE, Turkey, Qatar, South Africa, Egypt), By Company (IBM Corporation, Microsoft Corporation, SAP SE, Software AG, Schneider Electric SE, General Electric (GE), Hitachi, Ltd., PTC, Inc., TIBCO Software, Inc., Uptake Technologies, Inc.)
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Geographical Analysis of the Predictive Maintenance Market
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Of all regions globally, North America, particularly the US, is projected to acquire the leading position in the Predictive Maintenance Market in terms of both production & adoption. It owes to massive investments in developing technologies like IoT, artificial intelligence, cloud computing, & machine learning for process manufacturing industries and the rising presence of predictive maintenance vendors. Several organizations in the country are increasingly adopting predictive maintenance solutions to identify operational performance factors and improve maintenance practices & reliability.
Who Dominates the Predictive Maintenance Market Insights on Key Industry Players?
Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
IBM Corporation, Microsoft Corporation, SAP SE, Software AG, Schneider Electric SE, General Electric (GE), Hitachi, Ltd., PTC, Inc., TIBCO Software, Inc., Uptake Technologies, Inc., and others
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Recent Development and News in Predictive Maintenance Market
- 2024: IBM Corporation launched Maximo Application Suite version 9.0. This version features enhancements such as an improved AI-driven predictive maintenance (PdM) solution, a more user-friendly interface, and expanded IoT integration for real-time data analytics and asset monitoring. The updated interface aims to enhance usability and provide a streamlined experience for users.
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