Computerized Maintenance Management System (CMMS) is software which maintains a computer record of information about an organization. It also helps in maintaining employees to do their jobs more efficiently. It manages Computerized Maintenance Management Information System (CMMIS). It also includes core maintenance functionalities used for external work requests, tracking work orders, audit & certification, recording asset history, scheduling tasks and managing inventory. It also offers benefits such as managing work orders, analyzing real costs of equipment, plan & schedule maintenance, eliminating the paperwork, reducing downtime, enhancing productivity, reduce repair cost, compliance with regulatory standards, increase safety, eliminate lost order, and manage spare parts inventory.
According to study, “Global Computerized Maintenance Management System Market Size study, by Type (Cloud-Based CMMS Software, Web-Based CMMS Software, On-Premises Software), by Application (Small Businesses, Midsized Businesses, Large Businesses) and Regional Forecasts 2018-2025” some of the major companies that are currently operating in the global computerized maintenance management system market are IBM Corp., Infor Inc., Maintenance Connection, eWork Orders, Asset Essentials, EZOffice Inventory, Fastrak, eMaint Enterprises LLC, Service Channel Inc., MPulse Mobile Inc., UpKeep, Hippo, Parafernalia, Ltd., MVP Plant, Fiix, Mainti Mizer, TabWare CMMS/EAM, EPAC Software, Schneider Electric SE, Limble, AssetPoint, NEXGEN Inc., Megamation DirectLine, Axxerion, CHAMPS Software, MAPCON Technologies Inc., Sprocket, Real Asset Management, IFS Applications, MicroMain, ManagerPlus, Smartware Group, Dossier Systems,Orion IXL Bhd, CWorks Systems, Sierra, 4C Systems, Facilities Management eXpress (FMX), iOffice.
Based on type, global computerized maintenance management system market is segmented into Computer-aided facilities management (CAFM) software, Enterprise asset management (EAM) software and asset performance management. Based on deployment type, market is segmented into web-based CMMC software, cloud-based CMMC software and on-premises CMMC software. Based on application, market is segmented into large businesses, midsized businesses and small businesses. The businesses may vary by industrial & manufacturing, education & government, logistics & retail, property management firms, healthcare and others. Based on functional requirement, market is segmented into work order function, purchasing, job planning function, asset management & asset register function, schedule planning function, resource planning function, inventory management function, reporting function with maintening the management function.
The global computerized maintenance management system is driven by rising necessiy to manage computer database for a well-organized functioning of organization, low cost, of increasing adoption of the predictive maintenance and increase in demand across the enterprises owing to new features. Nevertheless, the driving factors causing difficulty in the market are poor upgrade capability, lack of skilled personnel, and longer implementation of time.
North American region is the adding to the significant market in terms of value across the globe due to rise in penetration of cloud & mobility in the market. European region is also contributing to a key growth share to the market with an increase in adoption of the cloud-based applications. The Asia-Pacific region is expected to exhibit high growth rate owing to an increase in demand for enterprise management, particularly in the developing nations such as China, India and Japan. The global computerized maintenance management system software market size was US $787.2 million in 2018 and US $1.5 billion by 2025, with a CAGR of 9.7% from 2018-2025.
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Ankur Gupta, Head Marketing & Communications