Press release
Transforming the Operational Predictive Maintenance Market in 2025: Increasing Number Of IoT Devices Propels Operational Predictive Maintenance Market
Operational Predictive Maintenance Market Size
The operational predictive maintenance market has seen significant growth in recent years. It will rise from $7.31 billion in 2024 to $9.24 billion in 2025, at a CAGR of 26.4%. This growth is attributed to cost savings from reduced downtime and maintenance, improved asset reliability, enhanced safety and risk mitigation, regulatory compliance requirements, and increasing awareness of predictive maintenance benefits.
The operational predictive maintenance market is expected to experience exponential growth, reaching $23.57 billion by 2029 at a CAGR of 26.4%. This growth is driven by the expansion into new industries, the demand for proactive maintenance, market penetration in emerging economies, predictive maintenance adoption, and sustainability initiatives. Trends include IoT sensors and data analytics integration, machine learning algorithms, cloud platforms, and integration with asset management systems.
What Factors Are Fueling Growth in the Operational Predictive Maintenance Market?
The increasing proliferation of IoT (Internet of Things) devices is set to propel the operational predictive maintenance market forward. IoT devices, such as sensors and actuators, connect wirelessly to networks and transmit data, playing a crucial role in real-time monitoring, predictive analytics, and condition-based maintenance. The widespread availability of high-speed internet, advancements in industrial automation, and improvements in data analytics have contributed to the growing adoption of IoT for predictive maintenance, enhancing asset performance, reducing costs, and improving operational efficiency. For example, the GSM Association, a UK-based industry organization, projected that global IoT connections would rise from 15.1 billion in 2021 to 23.3 billion by 2025. Therefore, the increasing number of IoT devices is accelerating the growth of the operational predictive maintenance market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14445&type=smp
Which Leading Companies Are Shaping the Growth of the Operational Predictive Maintenance Market?
Major companies operating in the operational predictive maintenance market are Google LLC, Microsoft Corporation, Robert Bosch GmbH, Hitachi Ltd., Amazon Web Services Inc., The International Business Machines Corporation, General Electric Company, Schneider Electric SE, SAP SE, Svenska Kullagerfabriken AB, Rockwell Automation Inc., SAS Institute Inc., Micro Focus, Splunk Inc., PTC Inc., Software AG, TIBCO Software Inc., C3.ai Inc., Softweb Solutions Inc., Fiix Software, Uptake Technologies Inc., eMaint Enterprises LLC, Seebo Interactive Ltd., Asystom, Ecolibrium Energy
What Are the Major Trends Shaping the Operational Predictive Maintenance Market?
Leading companies in the operational predictive maintenance market are leveraging AI-driven analytics and real-time monitoring to enhance equipment reliability, enabling businesses to proactively manage maintenance and prevent disruptions. Machine-learning models analyze sensor data to detect patterns that may indicate potential failures, allowing for timely interventions. For instance, in June 2024, Hitachi Industrial Equipment Systems Co., Ltd., a Japan-based industrial equipment manufacturer, launched the "Predictive Diagnosis Service" for air compressors. This AI-powered solution uses machine learning and remote monitoring to detect and mitigate potential malfunctions. By combining real-time data with maintenance expertise, the service enhances operational efficiency, minimizes downtime, and reduces environmental impact.
What Are the Key Segments of the Operational Predictive Maintenance Market?
The operational predictive maintenance market covered in this report is segmented -
1) By Type: Software, Services
2) By Deployment Model: Cloud, On-Premise
3) By Technology: Machine Learning, Deep Learning, Big Data And Analytics
4) By End User: Public Sector, Automotive, Manufacturing, Healthcare, Energy And Utility, Transportation, Other End Users
Subsegments:
1) By Software: Predictive Analytics Software, Machine Learning Software, Data Integration Tools, Asset Management Software, Real-Time Monitoring Software
2) By Services: Implementation Services, Consulting Services, Training and Support Services, Maintenance and Upgrades, Managed Services
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/operational-predictive-maintenance-global-market-report
Which Region Dominates the Operational Predictive Maintenance Market?
North America was the largest region in the operational predictive maintenance market in 2024. The regions covered in the operational predictive maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Operational Predictive Maintenance Global Market Report?
- Market Size Analysis: Analyze the Operational Predictive Maintenance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Operational Predictive Maintenance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Operational Predictive Maintenance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Operational Predictive Maintenance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14445
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transforming the Operational Predictive Maintenance Market in 2025: Increasing Number Of IoT Devices Propels Operational Predictive Maintenance Market here
News-ID: 3854276 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Predictive
Predictive Maintenance Market to Hit USD 111.30 Billion By 2030, Boosting Equipm …
✎ Market Overview:
The global Predictive Maintenance Market is experiencing rapid growth, driven by the increasing adoption of Industry 4.0 technologies and a strong focus on cost efficiency and operational productivity. Predictive maintenance (PdM) uses data analysis tools and techniques to detect anomalies in equipment and predict possible failures, allowing for timely maintenance that minimizes downtime and extends asset life. As industrial sectors shift toward digital transformation, the use of artificial…
Emerging Trends Influencing The Growth Of The Predictive Maintenance Market: Enh …
The Predictive Maintenance Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Predictive Maintenance Market?
The market size of predictive maintenance has experienced significant growth in the past few years. The projections suggest an increase from $9.3 billion in 2024…
Emerging Predictive Biomarkers Market Driver 2025-2034: Rising Cancer Cases To B …
How Is the Predictive Biomarkers Market Projected to Grow, and What Is Its Market Size?
In recent times, the size of the predictive biomarkers market has witnessed consistent growth. It is projected to expand from $20.05 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the past could be associated with factors such as the rise in research and…
Manufacturing Predictive Analytics Market to Reach USD 2.52 Billion |Revolutioni …
Advent of Industry 4.0, evolution of IIoT, and rise in operational efficiencies from big data initiatives fuel the growth of the global manufacturing predictive analytics market. On the other hand, dearth of skilled workforce and threat of cyber-attack restrain the growth to some extent. Nevertheless, development of smart data-driven organizations and interference of artificial intelligence (AI) into manufacturing are expected to create multiple opportunities in the near future.
The report…
Predictive Maintenance Market to Grow at 28.8% CAGR | Predictive Maintenance Pio …
According to a recent report published by Allied Market Research, titled, "Predictive maintenance market by component, technique, deployment type, stakeholder, and industry vertical: opportunity analysis and industry forecast, 2020-2027,"the global predictive maintenance market size was valued at $4,331.56 million in 2019, and is projected to reach $31,965.49 million by 2027, growing at a CAGR of 28.8% from 2020 to 2027.
On the basis of deployment model, the on-premise segment…
Healthcare Predictive Analytics Market Size to Hit $74.62 Billion by 2028 | Heal …
Market Overview:
According to our experience research team, Healthcare Predictive Analytics Market was valued at USD 20.16 Billion in 2021, and the global Healthcare Predictive Analytics industry is projected to reach a value of USD 74.62 Billion by 2028, at a CAGR of 27% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,…
