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The Forces Behind Predictive Maintenance: IoT, Cloud, and the Drive for Efficiency
The Predictive Maintenance Market is being propelled by several powerful forces that are reshaping how industries manage their assets. The rapid erosion of sensor costs—industrial IoT sensor prices have dropped roughly 40% since 2020—has made it economically feasible to upgrade older brownfield assets for the first time . This pricing trend extends the addressable...
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