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A comprehensive study on the Predictive Maintenance market, focusing on software and services, will be conducted across various sectors to analyze growth trends, challenges, and opportunities. The global market is valued at US$ 9.1 billion in 2024 and is projected to grow at a CAGR of 20.5% from 2024 to 2034. The increasing adoption of predictive maintenance solutions is driven by the surge in organizational focus on business re-engineering through digital and internet technologies. Real-time data sourced from control parameters, actuators, and sensor parameters empower companies to monitor operations closely and take immediate actions as needed.