The Predictive Maintenance Market Size is driven by growing need to reduce maintenance cost and downtime, rising investment in emerging technologies such as IoT, AI, and ML, presence of predictive maintenance vendors, and growing government support and investment for regulatory compliance. APAC is expected to witness the highest growth rate during 2019–2027 owing to an increased focus on trying innovative solutions to achieve optimized asset maintenance.
NEW YORK, Dec. 14, 2021 /PRNewswire/ — According to the new market research report “Predictive Maintenance Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component (Solution, Services), Deployment Type (Cloud, On-premise), Technique (Vibration Monitoring, Electrical Testing, Oil Analysis, Ultrasonic Leak Detectors, Shock Pulse, Infrared, Others), Industry (Manufacturing, Energy & Utilities, Aerospace & Defense, Transportation & Logistics, Others), and Geography”, published by The Insight Partners, the global predictive maintenance market was valued at US$ 3....