The Global Predictive Maintenance (PdM) Market Size reflects the growing importance of data-driven strategies in modern maintenance operations. Predictive maintenance combines sensor technology, data analytics, and artificial intelligence to detect potential equipment failures long before they happen, significantly reducing downtime and maintenance costs.

The traditional technique remains the cornerstone of the market, expected to reach USD 13,461.00 million in 2024 from USD 4,139.60 million in 2018, while the advanced technique is projected to expand at an exceptional 28.10% CAGR through 2024.

The Global Predictive Maintenance (PdM) Market Size is being driven by rapid advancements in industrial IoT platforms and cloud-based predictive analytics tools. These technologies enable real-time condition monitoring, allowing organizations to shift from reactive to proactive maintenance.

With industries under mounting pressure to optimize asset performance, predictive maintenance has emerged as a critical enabler of efficiency. It not only saves money but also enhances worker safety, reduces environmental impact, and supports sustainability goals.

As the PdM market continues to expand, collaborations among software developers, OEMs, and system integrators will further enhance scalability and innovation in predictive maintenance solutions.