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Report Overview
The global predictive maintenance market size reached around USD 6.24 Billion in 2024. The market is projected to grow at a CAGR of 29.10% between 2025 and 2034 to reach nearly USD 80.25 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
29.1%
2025-2034
Predictive Maintenance Market Outlook
*this image is indicative*
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The predictive maintenance market is driven by the rising use of new technologies to gain valuable insights as well as the increasing need to reduce the cost of maintenance and downtime.
Market Segmentation
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Predictive maintenance techniques have been designed to support in assessing the condition of in-service equipment to estimate the time for maintenance. Such an approach offers cost savings over routine or preventive maintenance based on time, as tasks are carried out only if warranted. It is therefore considered to be conditionally preserved, as indicated by the degradation status estimates for an object.
Based on the component, the predictive maintenance market can be divided into:
- Solutions
- Services
The deployment mode is divided into:
- Cloud
- On-Premises
The organization site can be segmented into:
- Small and Medium-Sized Enterprises
- Large Enterprises
The predictive maintenance industry can be broadly categorised based on its applications into:
- Government and Defence
- Manufacturing
- Energy and Utilities
- Transportation and Logistics
- Healthcare and Life Sciences
- Others
The EMR report looks into the regional markets of predictive maintenance like:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Analysis
The increased use of new and emerging technologies to gain valuable insight into decision-making has contributed to the industry growth. Various vertical end-users are increasingly in need of cost reduction and downtime, which has stimulated the market growth. The emphasis of different verticals on operational efficiency drives the industry growth. The rising industrialisation has added significantly to the market growth. Technology like Big Data and the Internet of Things have propelled the industry growth further.
The shortage of skilled technologies professionals has, however, obstructed the industry growth. Confidence issues with predictive maintenance technology have also hindered the industry growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global predictive maintenance market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Microsoft Corporation
- Hitachi, Ltd.
- Schneider Electric SE
- General Electric Company
- SAP SE
- International Business Machines Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Predictive Maintenance Market Report Snapshots
Predictive Maintenance Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 6.24 Billion.
The market is assessed to grow at a CAGR of 29.10% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 80.25 Billion by 2034.
The major drivers of the market are rising use of new technologies and increasing need to reduce the cost of maintenance.
The key trends guiding the market growth includes the increasing research and development activities and rising industrialisation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of predictive maintenance in the market are solutions and services.
The significant deployment modes in the market are cloud and on-premises.
The leading organization sites of predictive maintenance in the market are small and medium-sized enterprises and large enterprises.
The major applications of predictive maintenance are government and defence, manufacturing, energy and utilities, transportation and logistics, and healthcare and life sciences, among others.
The major players in the global predictive maintenance market are Microsoft Corporation, Hitachi, Ltd., Schneider Electric SE, General Electric Company, SAP SE, and International Business Machines Corporation, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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