Comprehensive Analysis of the Predictive Maintenance Market: Growth Drivers and Opportunities

According to the study by Next Move Strategy Consulting, the global Predictive Maintenance Market size is predicted to reach USD 32.30 billion at a CAGR of 27.4% till 2030. 

The Internet of Things (IoT) revolutionized the industry by enabling real-time data collection from machinery through sensors. Advanced analytics and AI algorithms process this data, predicting maintenance needs based on the condition of the equipment rather than fixed schedules.

Operational optimization spurs the demand for cost-effective maintenance solutions within the predictive maintenance industry. 

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