Computerized Maintenance Management Solutions Market size was valued at US$ 1.06 Billion in 2022 and the global CMMS revenue is expected to grow at 10.5% through 2023 to 2029, reaching nearly US$ 2.15 Billion.
Computerized Maintenance Management Solutions Market Overview:
The primary goal of this research is to assist the user in understanding the Computerized Maintenance Management Solutions Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Computerized Maintenance Management Solutions industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Computerized Maintenance Management Solutions Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Computerized Maintenance Management Solutions Market Segmentation:
In terms of deployment, the on-premises segment will rule the CMMS market in 2022. The main reason for this is that on-premises systems provide greater stability and security when compared to cloud-based services. Following the client's purchase of the CMMS software, additional OS purchases are made before the software is installed on business servers. In this transaction, there is no third-party ownership. As a result, the company's management continue to have total control over it. However, the forecast period (2023–29) anticipates a faster rate of increase for the cloud segment. This can be ascribed to the simplicity of use that these systems provide. These systems are maintained by service providers on their servers, which clients can access at any time.
In the aforementioned projection period, the industry and manufacturing segment is anticipated to experience a high CAGR of 5.9%. This is due to the fact that CMMS has numerous applications across numerous industries, such as oil, gas, power, and energy. These businesses must make sure that their assets are as efficient and durable as possible if they want to succeed. Due of this, businesses in this industry would be wise to make an investment in a CMMS system.
By ensuring that spare parts are available when businesses need them and that the equipment is inspected regularly, maintenance software can help them save time and money. In order to determine whether maintenance is required, it may also monitor data on machine factors like noise, vibration, temperature, pressure, and flow. A CMMS solution can evaluate how much time and money is spent performing maintenance and on which assets, enabling businesses to come up with the best plan for cutting costs and boosting revenue.
In 2029, the logistics and retail market category is anticipated to have a sizable market share. The main causes of this are data centers and e-commerce businesses. Particularly in the case of data centers and e-commerce businesses, availability of services must always be guaranteed. Millions of dollars in sales or productivity could be lost if a large company is unable to access its data. In order for these businesses to be competitive, they need to maintain a constant online presence, which necessitates appropriate equipment operation. Companies can build up a preventative or predictive maintenance program using CMMS software to make sure that crucial assets, like servers, don't stop running until a backup is available.
1 Global Computerized Maintenance Management Solutions Market, by Component (2022-2029)
• Solution
• Services
2 Global Computerized Maintenance Management Solutions Market, by Maintenance Type (2022-2029)
• Production
• Facility
• Fleet
• Linear Asset
3 Global Computerized Maintenance Management Solutions Market, by Deployment (2022-2029)
• Cloud
• On-premises
4 Global Computerized Maintenance Management Solutions Market, by Vertical (2022-2029)
• Industry & Manufacturing
• Property Management
• Logistics and Retail
• Education & Government
• Healthcare
• Others
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Computerized Maintenance Management Solutions Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Computerized Maintenance Management Solutions market are
1. NexGen Inc.
2. Mapcon Technologies, Inc.
3. Micro Main Corporation
4. Infor, Inc.
5. ServiceChannel, Inc.
6. IBM Corporation
7. eMaint Enterprises, LLC
8. mPulse Mobile Inc.
9. Hippo CMMS
10. Dude Solutions, Inc.
11. Limble CMMS
12. MVP Plant
13. MaintainX
14. Fracttal Asset Cloud
15. UpKeep
16. Maintenance Connection
17. eWorkOrders CMMS
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Regional Analysis:
The report focuses on Global Regions and Market Size of Computerized Maintenance Management Solutions, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Computerized Maintenance Management Solutions Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Computerized Maintenance Management Solutions industry in 2021.
Key Questions Answered in the Computerized Maintenance Management Solutions Market Report are:
- What is the function of Computerized Maintenance Management Solutions?
- What is the predicted revenue generation of the Computerized Maintenance Management Solutions market?
- At what growth rate is the Computerized Maintenance Management Solutions market evolving?
- Who are the major market giants operating in the Computerized Maintenance Management Solutions market?
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