How fast is Operations and Maintenance growing?

Operations and Maintenance (O&M) encompasses the activities and procedures essential for ensuring physical assets, facilities, and equipment function efficiently throughout their lifecycle. This includes daily operations and systematic care to prevent deterioration, minimize downtime, and extend asset life through proactive measures like routine inspections and repairs. The O&M market, particularly in Saudi Arabia, is experiencing significant growth driven by rapid urbanization, industrial expansion, and major infrastructure projects, with increasing adoption of advanced technologies such as AI and IoT for predictive maintenance.