Predictive Maintenance Market To Witness Healthy Growth At 37% CAGR By 2025, Due To Rising Focus On Reducing Down-Time In Several Industrial Processes
Share this article Share this article FELTON, Calif., Jan. 27, 2021 /PRNewswire/ -- The global predictive maintenance market size is projected to reach USD 28.24 billion in 2025. The market is estimated register more than 37% CAGR from 2019 to 2025, as per a new study by Million Insights. Organizations across the globe are emphasizing on reducing operational expenditure and maintenance cost on their equipment. Incorporation of IoT innovative technologies such as IoT, AI and big data in enterprises have further boosted the deployment of predictive maintenance. Predictive maintenance is being a...
Source: prnewswire.com