PREDICTIVE MAINTENANCE IN PRINTING INDUSTRY
The value of Indian print industry is estimated to be over 296 billion rupees in 2019. And is expected to go up to over 370 billion rupees by 2022, in which the newspaper industry contributes 60%. In fiscal year 2018, print circulation revenue in the South Asian countries was led by the Hindi speaking market with revenue of almost40 billion rupees. The employment has also increased over the last decade. Similarly, the printing unit needs to be rigorously supervised and highly maintained on a daily basis for preventing unexpected faults (preventive maintenance), which requires a good number of staff members. Even though Predictive Maintenance as a Service (PMaaS) has started to boom now. There are hardly any facilities for it in this industry. Therefore, servitization in this market has good scope.