Predictive infrastructure maintenance market expected to grow: CAGR 2022-2028 of 27.4%. Among the drivers, the use of Digital Twins

NOTA STAMPA - Arzignano (VI) - December 20, 2023

The global predictive maintenance market will reach $26.6 billion by 2028, compared to $5.31 billion in 2021, with a compound annual growth rate (CAGR) of 27.4% during the period 2022-2028. The data is highlighted in the analysis of The Insight Partners entitled Predictive Maintenance market forecasts up to 2028.

An acceleration that can be traced back to various elements, including the acceleration given by the IoT Industry, in particular by Digital Twins (DT) which are destined to become an increasingly useful and necessary tool for predictive maintenance and the detection of infrastructure failures/issues.

A Digital Twin is a 3D digital representation of something in the physical world - an object like a bridge, for example - constantly updated with real-time data and must have absolute engineering precision.

Franchetti SpA, sector leader and listed on the Euronext Growth Milan segment of the Italian Stock Exchange (Ticker BIT: FCH), uses Digital Twin technology for the visualization and simulation activities of predictive maintenance interventions on bridges, viaducts and road networks.