Predictive Maintenance Market Worth $47.8 Billion By 2029, Growing At A Cagr Of 35.1% Report By Marketsandmarkets™

The global predictive maintenance market is projected to grow at a significant rate due to the increasing use of emerging technologies, such as ML and AI, to gain valuable insights and reduce maintenance costs. Key players in the market include IBM, ABB, Schneider Electric, AWS, Google, Microsoft, Hitachi, SAP, SAS Institute, and Software AG. The market is driven by the need for real-time condition monitoring and enhanced asset management across diverse industries.