Predictive maintenance market: 5 highlights for 2024 and beyond

Predictive maintenance market: 5 highlights for 2024 and beyond

In short The global predictive maintenance market grew to $5.5 billion in 2022—a growth of 11% from 2021—with an estimated CAGR of 17% until 2028, according to the Predictive Maintenance and Asset Performance Market Report 2023–2028. With median unplanned downtime...
Digital twin market: Analyzing growth and emerging trends

Digital twin market: Analyzing growth and emerging trends

In short According to our Digital Twin Market Report 2023–2027, the digital twin market is expanding, with a projected CAGR of 30% between 2023 and 2027. 29% of global manufacturing companies have either fully or partially implemented their digital twin strategies....
Telematics gateways: Driving the future and evolution of mobility

Telematics gateways: Driving the future and evolution of mobility

In short According to the IoT Gateway Market Report 2023–2027, the $810-million telematics gateways market experienced accelerated growth following the COVID-19 pandemic and is expected to rise to a CAGR of 19% through 2027. Telematics gateways enable supply chain...