The Computerized Maintenance Management System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Computerized Maintenance Management System, The computerized maintenance management system market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to adoption of preventive maintenance strategies, asset management requirements, increased complexity of equipment, regulatory compliance demands, scalability requirements.
The computerized maintenance management system market size is expected to see rapid growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to focus on energy management, mobile cmms applications, big data analytics in maintenance, demand for integration with erp systems, regulatory emphasis on sustainability.. Major trends in the forecast period include cloud-based cmms solutions, integration with iot devices, technological advancements in maintenance, ai-based maintenance planning, user-friendly interface and experience.
The growth of small enterprises is expected to propel the growth of the computerized maintenance management system market going forward. Small enterprises refer to small manufacturing entrepreneurs with a limited number of employees. Small enterprises required a computerized maintenance management system to expand their start-up companies quickly by reducing some of the risk and uncertainty associated with starting a business which is helpful for tracking maintenance, scheduling preventive maintenance, inventory management, asset tracking, and purchasing for the efficient operation of the business. For instance, in 2022, according to Small Business Administration (SBA), a US-based government agency, there are 33.2 million small businesses in the US, which account for 99.9 percent of all US businesses. Therefore, the growth of small enterprises is driving the growth of the computerized maintenance management system market.
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The computerized maintenance management system market covered in this report is segmented –
1) By Deployment Type: Cloud, On-premise
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Management, Workorder Management, Inventory Management, Preventive Maintenance, Other Applications
4) By End-use: Manufacturing, Facility Management, Healthcare, Education, Government, Other End Uses
Technological advancements are a key trend gaining popularity in the computerized maintenance management system market. Major companies operating in the computerized maintenance management system market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Facilio, Inc, a US-based company operating in real-time facilities operations & maintenance (O&M) introduced a connected computerized maintenance management system (CMMS) to aid businesses in streamlining operations, cutting costs, and keeping up with changing client demands. The connected CCMS software platform combines all workflows for asset performance, client engagement, vendor management, workplace management, property maintenance, and IoT data to aid businesses in streamlining operations, cutting costs, and keeping up with changing client demands.
The computerized maintenance management system market report table of contents includes:
1. Executive Summary
2. Computerized Maintenance Management System Market Characteristics
3. Computerized Maintenance Management System Market Trends And Strategies
4. Computerized Maintenance Management System Market – Macro Economic Scenario
5. Global Computerized Maintenance Management System Market Size and Growth
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26. South America Computerized Maintenance Management System Market
27. Brazil Computerized Maintenance Management System Market
28. Middle East Computerized Maintenance Management System Market
29. Africa Computerized Maintenance Management System Market
30. Computerized Maintenance Management System Market Competitive Landscape And Company Profiles
Top Major Players:
- Hippo CMMS
- Limble CMMS
- MicroMain Corporation
- Fiix Inc
- International Business Machines Corporation
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