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. According to MarkNtel Advisors Study.
Global Predictive Maintenance Market Driver:
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.
In addition, since these solutions rely on advanced analytics techniques & artificial intelligence (AI) algorithms to analyze large volumes of data and extract meaningful insights, organizations are able to predict equipment failures, detect anomalies, & optimize maintenance schedules based on data-driven insights. Hence, as more & more enterprises worldwide are realizing the benefits of these solutions, it is driving the Global Predictive Maintenance Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Predictive Maintenance Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Components
- Solutions- Market Size & Forecast 2020-2030F, USD Million
- Integrated–Market Size & Forecast 2020-2030F, USD Million
- Standalone– Market Size & Forecast 2020-2030F, USD Million
- Services-
- Integration & Deployment–Market Size & Forecast 2020-2030F, USD Million
- Advisory & Consulting–Market Size & Forecast 2020-2030F, USD Million
- Support & Maintenance–Market Size & Forecast 2020-2030F, USD Million
- Solutions- Market Size & Forecast 2020-2030F, USD Million
- By Deployment Mode
- On-Premise – Market Size & Forecast 2020-2030F, USD Million
- Cloud – Market Size & Forecast 2020-2030F, USD Million
- By Organization Size
- Large Enterprise- Market Size & Forecast 2020-2030F, USD Million
- Small & Medium Enterprise- Market Size & Forecast 2020-2030F, USD Million
- By Technique
- Traditional- Market Size & Forecast 2020-2030F, USD Million
- Advanced- Market Size & Forecast 2020-2030F, USD Million
- IOT/Big Data– Market Size & Forecast 2020-2030F, USD Million
- Machine Learning– Market Size & Forecast 2020-2030F, USD Million
- By Testing Type
- Vibration Monitoring- Market Size & Forecast 2020-2030F, USD Million
- Electrical Insulation- Market Size & Forecast 2020-2030F, USD Million
- Infrared Thermography- Market Size & Forecast 2020-2030F, USD Million
- Temperature Monitoring- Market Size & Forecast 2020-2030F, USD Million
- Ultrasonic Leak Detector- Market Size & Forecast 2020-2030F, USD Million
- Oil Analysis- Market Size & Forecast 2020-2030F, USD Million
- Others (Fluid Analysis, Circuit Monitor Analysis, etc.) – Market Size & Forecast 2020-2030F, USD Million
- By End User
- Government & Defense- Market Size & Forecast 2020-2030F, USD Million
- Manufacturing- Market Size & Forecast 2020-2030F, USD Million
- Energy & Utilities- Market Size & Forecast 2020-2030F, USD Million
- Transportation & logistics- Market Size & Forecast 2020-2030F, USD Million
- Healthcare & Lifesciences- Market Size & Forecast 2020-2030F, USD Million
- Media & Telecom- Market Size & Forecast 2020-2030F, USD Million
- Others (Agriculture, Retail, etc.) – Market Size & Forecast 2020-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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Global Predictive Maintenance Industry Recent Development:
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.
2024: GE Vernova announced it would provide its predictive analytics software to National Industrialization Company (TASNEE), a Saudi petrochemical company, to improve operational efficiency and reliability. This software, designed to detect and prevent equipment downtime, aims to help TASNEE optimize its industrial operations and reduce the risk of critical failures.
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