Computerized Maintenance Management System Market Share, Size, Trends, Industry Analysis Report, By Deployment (Cloud, On-premise); By Enterprise Size; By End-use; By Region; Segment Forecast, 2023-2032
- Published Date:Dec-2022
- Pages: 117
- Format: PDF
- Report ID: PM2953
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global computerized maintenance management system market was valued at USD 1,080.6 million in 2022 and is expected to grow at a CAGR of 11.3% during the forecast period.
The development of new technologies like artificial intelligence, and analytics that offer critical insights, cloud services, and the requirement for asset-intensive industries to postpone capital investments and extend asset life is expected to dominate the market. Industrial operations have a complex maintenance management system that has a big impact on the company's profitability.
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Furthermore, Solutions for computerized maintenance management are used for inventory management, audit, and certification, asset history recording, task scheduling, dealing with external work requests and tracking work orders. These solutions create or maintain an electronic database of activities, raise the productivity of workers, lengthen the service life of assets, decrease overtime, promote accountability, and increase the dependability of equipment.
COVID-19 has provided outstanding times to several industrial industries across the world. The market for CMM has experienced a significant reduction as a result of the temporary suspension of business operations to support stringent regulations. Due to the increased need for workload management, maintenance planning, and equipment maintenance in the fight against the pandemic, the healthcare sector has unexpectedly seen growth.
Industry Dynamics
Growth Drivers
The necessity of a single platform for managing all of the organization's asset-related operations is expected to drive demand for computerized maintenance management systems market over the forecast period. A computerized maintenance management system enhances asset visibility by centrally managing all asset data, offering workflow visibility through dashboards, and automating manual tasks such as placing component orders, refilling MRO supplies, allocating shifts, and generating data.
Additionally, technicians may create, access, amend, and close work orders utilizing a mobile CMMS from any location. The CMMS database is accessible in real-time from any mobile or online device. The organization could save time and money if personnel had quick access to work orders and the flexibility to prioritize repair requests based on location. It is also used to add special information to a service request from the work site in order to enhance the speed and accuracy of the data sent to the maintenance database.
Report Segmentation
The market is primarily segmented based on deployment, enterprise size, end-use and region.
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By Deployment |
By Enterprise Size |
By End-use |
By Region |
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On-premise is expected to dominate the industry's market sector.
In 2022, on-premise will dominate the market, accounting for a significant percentage of total sales. The growing acceptance of the idea that on-premises systems provide greater stability and security than cloud-based solutions is one of the main factors fueling the growth of this market. Companies that hold licenses are in complete control of their own data and can assign specific access permissions to users. Companies are accountable for all internal IT assets as well as the software itself. They are no longer dependent on outside service providers as a result. Most of the time, using the software and getting access to the data does not require Internet access.
Furthermore, On-premises CMMS solutions, which are installed and maintained on the business's internal IT infrastructure, also provide a high level of security. On-premise solutions often offer cheaper long-term expenditures and just require a one-time purchase expense. Local servers are often used to power on-premises systems, which gives all businesses the flexibility they need while allowing speed to be monitored and tweaked.
Small & Medium Enterprises will account for a higher share of the market.
Small & Medium Businesses held the largest revenue share in 2022, and it is projected that they will continue to dominate the market during the forecast period. SMEs rule the market because CMMS offers comprehensive maintenance functions in a single software package at an affordable price. Favorable government regulations, increasing investments, partnerships, and collaborations have all contributed to the growth of SMEs globally. Furthermore, these SMEs are adopting software to boost productivity, which raises profit margins.
Manufacturing sector will account for a higher share of the market.
The manufacturing sector will hold a sizeable market share in 2022. The primary driver of market expansion has been businesses' increasing need to manage their industrial facilities. It can be highly beneficial for facility management to incorporate a computerized maintenance management system. One of its most important advantages is the ability to use predictive analytics and preventive maintenance processes.
A CMMS programmer gathers all required data, such as information on planned rebuilds, spare parts lists, material and consumable requirements, asset intervention history, and condition monitoring data. When making crucial decisions, managers can use a mobility work CMMS to monitor and plan staff activities. Furthermore, CMMS aids plant managers in getting ready for significant occasions like audits and compliance monitoring to satisfy legal and safety criteria.
For instance, Prescinto Technologies & SunSolarWind IKE, a Thessaloniki-based wind and solar energy project developer, partnered to deploy its world-class AI-powered APM solution to monitor, evaluate, and improve its solar assets totaling 70 MW. Through the provision of precise, real-time data, & useful insights, this agreement will simplify operations & maintenance for the assets.
The demand in North America is expected to witness significant growth
The North America is expected to dominate the market in 2022. The region is expected to continue its top ranking over the forecast period by expanding at a consistent CAGR. The fact that the US is home to numerous e-commerce businesses, including Amazon and Walmart, can be attributed as the main driver of this market's growth. These businesses often use CMMS systems to monitor assets and uphold quality control over them.
For instance, on March 2020, KNAPP announced the North American introduction of the redPILOT CMMS at the MODEX 2020. RedPILOT software for big data, predictive modeling, and analytics, IoT technologies, & AI to provide supply chain managers and executives with useful insights.
Competitive Insight
Some of the major players operating in the global market include Fiix, NexGen, Mapcon Technologies, MicroMain Corporation, Infor, ServiceChannel, IBM Corporation, eMaint Enterprises, LLC, mPulse Mobile, DimoMaint, MaintMaster, MicroMain, Hippo CMMS, Sogema Software, GLI Business Solution, Mpluse, Eagle, Fractal, Dude Solutions, Siveco Group and Carl Software.
Recent Developments
- On October 4, 2022, TMA Systems, a renowned provider of cutting-edge Computerized Maintenance Management Systems and Enterprise Asset Management Solutions, announced that it had reached an agreement to purchase Eagle Technology.
Computerized Maintenance Management System Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 1,161.0 million |
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Revenue forecast in 2032 |
USD 3,035.5 million |
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CAGR |
11.3% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Deployment, By Enterprise Size, By End-use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Some of the major players operating in the global market include Fiix, NexGen, Mapcon Technologies, MicroMain Corporation, Infor, ServiceChannel, IBM Corporation, eMaint Enterprises, LLC, mPulse Mobile, DimoMaint, MaintMaster, MicroMain, Hippo CMMS, Sogema Software, GLI Business Solution, Mpluse, Eagle, Fracctal, Dude Solutions, Siveco Group and Carl Software. |
FAQ's
Key companies in computerized maintenance management system market are Fiix, NexGen, Mapcon Technologies, MicroMain Corporation, Infor, ServiceChannel, IBM Corporation, eMaint Enterprises, LLC, mPulse Mobile, DimoMaint, MaintMaster.
The global computerized maintenance management system market expected to grow at a CAGR of 11.3% during the forecast period.
The computerized maintenance management system market report covering key segments are deployment, enterprise size, end-use and region.
Key driving factor in computerized maintenance management system market are Increasing smartphone penetration rate.
The global computerized maintenance management system market size is expected to reach USD 3,035.5 million by 2032.
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