The Predictive Maintenance market is experiencing significant growth due to the rising adoption of Industry 4.0, IoT-enabled predictive analytics, and cloud-based predictive maintenance solutions across various industries. The Predictive Maintenance Market was valued at USD 8.53 billion in 2023 and is projected to reach USD 105.66 billion by 2032, expanding at a CAGR of 32.32% during the forecast period of 2024-2032.