The act or the process of maintenance solutions has conventionally been either reactive or preventive. Maintenance works are undertaken either in the event of a disruption or as part of a schedule agreed in the Annual Maintenance Contract (AMC). It tends to lead to the excess use of spare parts inventory or labour resources. It has been observed that under the guise of maintenance, parts with existing operational life are being replaced, sometimes with inferior quality. This has led to performance losses where the actual throughput does not match the ideal throughput of the machinery. On the other hand, sometimes parts are not replaced on the assumption that they could operate optimally until the next scheduled maintenance time. This leads to unforeseen (rather avoidable) downtime in manufacturing. According to some global estimates, most factories lose 5 percent to 20 percent of productivity annually due to downtime from equipment failure or unscheduled maintenance. This led to the need for the development of AI-based Predictive Maintenance Solutions.
Current market for this futuristic innovation
As per some reports, the predictive maintenance market was valued at USD 8.53 billion in 2023. The same report also predicts that the value will increase to USD 105.66 billion by 2032. Another report revealed that the AI-based predictive maintenance market grew from USD 840.09 million in 2024 to USD 939.73 million in 2025.
Companies are adopting AI-based solutions to reduce the downtime of their manufacturing units. Advancements in AI have been a catalyst in the shift from traditional schedule-based maintenance solutions to data-based, dynamically adaptive maintenance solutions. AI backs current predictive maintenance solution providers with integration of complicated data analytics, advanced machine learning algorithms, cloud-based and edge technologies, with an array of smart sensors and connected devices that enable real-time decision-making. AI-based predictive maintenance solutions further promote streamlined cross-industry collaborations and partnerships, especially between established and emerging players.
The Americas are the leaders in the adoption of advanced AI systems in the manufacturing and logistics sectors. While economic stability and rapid AI adoption fuel the market in the Americas, strict regulatory frameworks and high emission standards drive the market for AI predictive maintenance solutions across Europe, the Middle East and Africa. The Asia-Pacific region benefits from a large manufacturing base, and thanks to its close ties to European and American entities, we are witnessing a very high adoption rate of IoT and AI solutions.
Predicting the Emerging Global Market Leader
World Business Outlook introduced the award title ‘Leading Provider of Industrial AI-based Predictive Maintenance Solutions South Korea 2025’ to honour the company that has showcased real-world improvements in operational efficiency and equipment uptime. This is an award title that highlights the importance of cutting-edge AI technologies in predictive maintenance. The winner of this award title has been selected based on the ease of integration of the AI solutions with the existing industrial systems and IoT devices. The Jury of World Business Outlook, through their close ties in the industry and long-standing experience in the market, analysed the accuracy and reliability of the predictive models.
Special consideration had been given to the ethical deployment standards, especially towards compliance with data privacy and security standards. The winner of this award title earned it for their intuitive user interfaces for operators and maintenance personnel, and the robust feedback mechanisms for constant improvements. The 2025 winner, FutureMain Co. Ltd., was unanimously selected by the jury members for their 35+ years of dedication and commitment towards facility engineering and facility diagnostic services.
The Jury Members raised a separate round of applause for FutureMain after they completed a Proof of Concept (PoC) with Saudi Aramco, marking the introduction of its flagship ExRBM solution into the Middle East. They garnered a lot of attention at the recent MWC25 in Barcelona and at the World IT Show 2025 as well.
The future of the Smart Factory is here
FutureMain Co. Ltd., a leading provider of industrial AI-based predictive maintenance solutions from South Korea, is the most recommended IT engineering company across the globe. It has over 35 years of experience in various industrial sites such as power plants, oil, steel and chemicals.
Futuremain possesses significant expertise in facility defect diagnostics, vibration and noise analysis, and structural assessment, gained through work at over 350 sites worldwide. Their database contains over 2.2 million equipment defect diagnoses and maintenance insights, reflecting years of research into equipment failures. This extensive experience has enabled Futuremain to develop ExRBM, a predictive maintenance solution built entirely with their technology.
ExRBM has been developed to automatically diagnose equipment by merging it with artificial intelligence. This is a very innovative engineering solution that has been developed after analysing the big data accumulated through their 35+ years of onsite experience in manufacturing. Powered by FutureMain’s proprietary AI algorithms, ExRBM offers the most comprehensive solution to optimise facility management and enhance operational efficiency. FutureMain clientele includes Korea Railroad Corporation, Korea Southern Power and Korea Central Power, overseas refineries of Hyundai, Daerim and Samsung, D Heavy Industries, Submarine Vibration Noise Analysis Technology Consulting, LG Energy Solution Poland plant, and many others. It has conducted over 350 cases of plant facility diagnosis consulting, including vibration analysis and defect countermeasures for major domestic petrochemical, paper and shipbuilding facilities. It holds 12 patents, including facility data analysis monitoring technology.
Following the announcement of the award, Lee Sun-hwi, CEO of FutureMain, expressed his appreciation, stating:
“We are deeply grateful to World Business Outlook for this opportunity to have our company evaluated on a global stage. We are honored to have been selected and remain confident that our solutions will make a meaningful contribution to the global manufacturing industry, particularly in the field of predictive maintenance.
By integrating state-of-the-art artificial intelligence, ExRBM delivers one of the most advanced and comprehensive solutions available today. At FutureMain, our mission is clear — we are committed to helping our clients minimize equipment downtime and move closer to achieving zero downtime in their facilities and operations. Our ongoing investments are focused on making the system more robust and secure, enabling it to support a broader range of equipment across the globe.”
