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The global operational predictive maintenance market is expected to reach a market value of US$ 32.92 billion by 2034, with a CAGR of 22.9% from 2024 to 2034. This growth is driven by the increasing adoption of innovative technologies and the need for affordable maintenance solutions. The integration of AI, machine learning, IoT sensors, and big data analytics has revolutionized predictive maintenance, enabling proactive asset management and real-time monitoring. The market is segmented by deployment type, with cloud deployment projected to have the highest growth rate.
