Predictive Maintenance Market to be Worth $79.1 Billion by 2031

According to Meticulous Research®, the predictive maintenance market is set to reach $79.1 billion by 2031, driven by a 30.9% CAGR from 2024 to 2031. The surge is attributed to the need for reduced maintenance costs and enhanced asset performance, with growing adoption in complex infrastructure systems. Opportunities are emerging in healthcare and navigation solutions, though data privacy issues and a skilled workforce shortage remain challenges. The market is witnessing trends like digital twins and augmented reality (AR). Key segments include offerings (software, hardware, services), deployment modes, technologies, applications, industries, and regions.