Tuesday, March 19, 2024
HomeSmall BusinessWith 29.8% CAGR, Predictive Maintenance Market Worth USD

With 29.8% CAGR, Predictive Maintenance Market Worth USD


Pune, India, July 04, 2022 (GLOBE NEWSWIRE) — The global predictive maintenance market size is expected to reach USD 18551 Million by 2028, exhibiting a CAGR of 29.8% between 2019 and 2028. The use of cloud computation has emerged in favor of market growth. This information is published by Fortune Business Insights™ in its report titled, “Predictive Maintenance Market Forecast, 2022-2028”. As per the report, the global market size was USD 2387.6 Million in 2018.

Predictive maintenance is a method that makes use of real-time condition monitoring tools that helps track the performance of any machine or equipment. This method will help detect and fix the errors that occur in the operation of the specific equipment. This will help detect failures in the machinery in future, thereby leading to reduced costs. The increasing demand for maintenance solutions across diverse industry verticals will emerge in favor of market growth. Growing applications of predictive maintenance in the manufacturing industry will have a positive impact on the growth of the market in the forthcoming years.

Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/predictive-maintenance-market-102104

Industry Developments:

IBM Corporation announced that it has completed the acquisition of Oniqua Holdings Pty Ltd. The company is a leading provider of maintenance, repair, and operations optimization…



Source link

RELATED ARTICLES

Most Popular

Recent Comments