Predictive Maintenance Market Growth Forecast to 2030: Size & Demand Outlook

According to recent findings, the  Global Predictive Maintenance Market size was valued at around USD 10.93 billion in 2024 and is projected to reach USD 41.90 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.10% during the forecast period, i.e., 2025-30.

At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market’s promising outlook.

Predictive Maintenance Overview:

The growth of the market would be propelled mainly by the ever-increasing demand to reduce operation & maintenance costs, rapidly expanding digitalization trends, and the growing application of modern technologies to obtain valuable insights into decision-making`. Besides, the implementation of AI & IoT-based predictive maintenance technologies to forecast device failures, coupled with ongoing developments in M2M (machine-to-machine) communication, big data, & artificial intelligence that have offered novel methods to garner information deduced from AI means, are also projected to drive the market in the future.

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Predictive Maintenance Outlook and Future Trends :

Widespread Adoption of IoT & Advanced Sensor Technologies – By embedding sensors into industrial equipment, organizations can continuously collect real-time data on parameters such as temperature, vibration, and pressure. This data forms the foundation for predictive analytics, enabling companies to anticipate equipment failures before they occur and schedule maintenance activities more efficiently. As sensor technology becomes increasingly affordable and reliable, its deployment is expanding across industries like manufacturing, energy, transportation, and utilities. The resulting improvements in operational efficiency, reduced downtime, and cost savings are compelling businesses to invest in predictive maintenance solutions. Ultimately, the integration of IoT and sensors is transforming traditional maintenance practices, making predictive maintenance a cornerstone of modern asset management strategies.

Global Predictive Maintenance Segmentation Analysis:

By Components

• Solutions- Market Size & Forecast 2020-2030F, USD Million
  • Integrated–Market Size & Forecast 2020-2030F, USD Million
  • Standalone– Market Size & Forecast 2020-2030F, USD Million
• Services-
  • Integration & Deployment–Market Size & Forecast 2020-2030F, USD Million
  • Advisory & Consulting–Market Size & Forecast 2020-2030F, USD Million
  • Support & Maintenance–Market Size & Forecast 2020-2030F, USD Million

By Deployment Mode

• On-Premise – Market Size & Forecast 2020-2030F, USD Million
• Cloud – Market Size & Forecast 2020-2030F, USD Million

According to reports, Of both, cloud-based solutions are projected to acquire a prominent share of the Global Predictive Maintenance Market, which owes to their benefits like cost-efficiency, increased asset utilization, and better safety & compliance.

By Organization Size

• Large Enterprise- Market Size & Forecast 2020-2030F, USD Million
• Small & Medium Enterprise- Market Size & Forecast 2020-2030F, USD Million

By Technique

• Traditional- Market Size & Forecast 2020-2030F, USD Million
• Advanced- Market Size & Forecast 2020-2030F, USD Million
  • IOT/Big Data– Market Size & Forecast 2020-2030F, USD Million
  • Machine Learning– Market Size & Forecast 2020-2030F, USD Million

By Testing Type

• Vibration Monitoring- Market Size & Forecast 2020-2030F, USD Million
• Electrical Insulation- Market Size & Forecast 2020-2030F, USD Million
• Infrared Thermography- Market Size & Forecast 2020-2030F, USD Million
• Temperature Monitoring- Market Size & Forecast 2020-2030F, USD Million
• Ultrasonic Leak Detector- Market Size & Forecast 2020-2030F, USD Million
• Oil Analysis- Market Size & Forecast 2020-2030F, USD Million
• Others (Fluid Analysis, Circuit Monitor Analysis, etc.) – Market Size & Forecast 2020-2030F, USD Million

By End User

• Government & Defense- Market Size & Forecast 2020-2030F, USD Million
• Manufacturing- Market Size & Forecast 2020-2030F, USD Million
• Energy & Utilities- Market Size & Forecast 2020-2030F, USD Million
• Transportation & logistics- Market Size & Forecast 2020-2030F, USD Million
• Healthcare & Lifesciences- Market Size & Forecast 2020-2030F, USD Million
• Media & Telecom- Market Size & Forecast 2020-2030F, USD Million
• Others (Agriculture, Retail, etc.) – Market Size & Forecast 2020-2030F, USD Million

According to reports, Here, the manufacturing sector dominates the Predictive Maintenance Market as a prime end-user.

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

According to reports, Of all regions globally, North America, particularly the US, is projected to acquire the leading position in the Predictive Maintenance Market in terms of both production & adoption.

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Some of the Market players in the Global Predictive Maintenance are:

• IBM Corporation
• Microsoft Corporation
• SAP SE
• Software AG
• Schneider Electric SE  
• Axiomtek Co. Ltd
• Banner Engineering Corp.
• Fujitsu Ltd
• PTC Inc.
• Oracle Corporation
• Sigma IT
• Spark Cognition
• Atlair
• ai, Inc.
• Expert Microsystems, Inc.
• Others (Splunk, Tibco Software Inc., etc.).

Predictive Maintenance Recent Development:

• 2024: IBM Corporation launched Maximo Application Suite version 9.0. This version features enhancements such as an improved AI-driven predictive maintenance (PdM) solution, a more user-friendly interface, and expanded IoT integration for real-time data analytics and asset monitoring. The updated interface aims to enhance usability and provide a streamlined experience for users.

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Key Highlights of the Report – Unlock Valuable Market Insights

• Market Size, Share & Future Projections – Understand the current market dimensions and forecasted growth trajectory.
• In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
• Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
• Key Stakeholders & Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
• Import & Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
• Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
• Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
• Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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