Meticulous Research® Forecasts Predictive Maintenance Market to Hit $79.1 Billion by 2031

Meticulous Research® projects the predictive maintenance market will reach $79.1 billion by 2031, growing at a robust CAGR of 30.9% from 2024 to 2031. This surge is driven by the need to reduce maintenance costs, enhance asset performance, and increased adoption in complex infrastructure systems. While data privacy and security concerns pose challenges, opportunities are emerging in healthcare devices and navigation systems. Key trends include the integration of digital twins and augmented reality (AR). The market is segmented by offering (software, hardware, services), deployment mode, organization size, technology, application, end-use industry, and geography. The report also includes competitor analysis and regional insights.