Global Computerized Maintenance Management System Market Growth (Status and Outlook) 2023-2029

Global Computerized Maintenance Management System Market Growth (Status and Outlook) 2023-2029

Product Code:572530

Published Date: Jan 04,2023

Pages: 123

Region: Global

Category: Service & Software

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Computerized maintenance management system (CMMS), also known as computerized maintenance management information system (CMMIS), is a software package that maintains a computer database of information about an organization's maintenance operations. This information is intended to help maintenance workers do their jobs more effectively (for example, determining which machines require maintenance and which storerooms contain the spare parts they need) and to help management make informed decisions (for example, calculating the cost of machine breakdown repair versus preventive maintenance for each machine, possibly leading to better allocation of resources). CMMS data may also be used to verify regulatory compliance. To properly control the maintenance of a facility, information is required to analyze what is occurring. Manually this requires a tremendous amount of effort and time. A CMMS also allows for record keeping, to track completed and assigned tasks in a timely and cost-effective manner. In recognition of this, companies have started using CMMS extensively to better control and organize maintenance management. The different steps of implementing a CMMS plan have been described in the diagram.

A CMMS offers multiple core maintenance functionalities. It is not limited to manufacturing but expands to facilities, utilities, fleet, hospitals, sport areas and more where any type of equipment/assets are subject to repair and need maintenance.

LPI (LP Information)' newest research report, the “Computerized Maintenance Management System Industry Forecast” looks at past sales and reviews total world Computerized Maintenance Management System sales in 2022, providing a comprehensive analysis by region and market sector of projected Computerized Maintenance Management System sales for 2023 through 2029. With Computerized Maintenance Management System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Computerized Maintenance Management System industry.

This Insight Report provides a comprehensive analysis of the global Computerized Maintenance Management System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Computerized Maintenance Management System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Computerized Maintenance Management System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Computerized Maintenance Management System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Computerized Maintenance Management System.

The global Computerized Maintenance Management System market size is projected to grow from US$ 926.4 million in 2022 to US$ 1202.5 million in 2029; it is expected to grow at a CAGR of 3.8% from 2023 to 2029.

North America is the largest market of Computerized Maintenance Management System (CMMS) Software, with about 45% market share. Europe is follower, accounting for about 26% market share.The key players are include IBM, Dude Solutions, Siveco, UpKeep, Accruent, Rockwell Automation (Fiix), ServiceChannel, and DPSI, etc. Global top 2 players hold a share nearly 25 percent.In terms of product, cloud based is the largest segment, with a share over 74%. And in terms of application, the largest application is industrial & manufacturing, followed by logistics & retail.

This report presents a comprehensive overview, market shares, and growth opportunities of Computerized Maintenance Management System market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Cloud Based CMMS Software
    On-Premises CMMS Software

Segmentation by application
    Industrial & Manufacturing
    Property Management Firms
    Logistics & Retail
    Education & Government
    Healthcare and Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Maintenance Connection
    EMaint
    Dude Solutions
    Hippo
    IBM
    ServiceChannel
    Fiix
    UpKeep
    Siveco
    IFS
    ManagerPlus
    Axxerion
    MPulse
    MVP Plant
    MCS Solutions
    DPSI
    Real Asset Management
    MicroMain
    FasTrak
    FMX
    Sierra
    Orion IXL Bhd