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The global predictive maintenance market is expected to reach USD 47.8 billion by 2029, with a CAGR of 35.1%. This growth is driven by advancements in big data, M2M communication, and cloud technology, which enable the analysis of data from industrial assets. AI plays a crucial role in analyzing this data and providing real-time insights for enterprises. The solution segment is projected to hold the largest market size, as enterprises integrate AI into their analytical frameworks for automated data interpretation.
