According to DataHorizzon Research, The maintenance repair operations (MRO) market size was valued at USD 410.6 Billion in 2022 and is expected to reach a market size of USD 615.7 Billion by 2032 with a CAGR of 4.2%.

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Organizations use MRO services for smooth and effective operations. Predictive maintenance helps manage inventories efficiently by forecasting product usage based on previous records and predicted needs. The increase in the demand for service operations, maintenance, and repair works in the industrial and manufacturing sectors is driving market growth.