The predictive maintenance market for manufacturing industry has witnessed an upsurge in the past four years with the introduction of advanced technologies such as Big Data & analytics, machine learning, deep learning, and artificial intelligence. As a result of the increasing adoption of these advanced technologies, a transition from on-premise deployment models to cloud is witnessed in the global predictive maintenance market for manufacturing industry.
The global operational predictive maintenance market was estimated to account for US$ 1,138.4 Mn in terms of value by the end of 2019
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