What is CMMS Software?
Computer maintenance management software helps in maintaining the records on equipment and other assents. CMMS is also known as equipment management software and used for work order management, asset performance and reporting, MRO inventory management and audit preparedness. In addition, the managers can build, review, prioritize, assign and track the work orders from various devices such as smartphones, tablet and computer. Computer maintenance management software minimizes the costs and increases productivity.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Microsoft (United States), SAP (Germany), Micromain (United States), eMaint (United States), Fiix (Canada), Maintenance connection (United States), Indysoft (United States), EZ office inventory (United States) and Up keep (Lebanon) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Hosted, Server and Mobile) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global CMMS Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this CMMS Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are IBM (United States), Microsoft (United States), SAP (Germany), Micromain (United States), eMaint (United States), Fiix (Canada), Maintenance connection (United States), Indysoft (United States), EZ office inventory (United States) and Up keep (Lebanon).
Market Overview:
On 12th November 2018, SAP has acquired user based experience management platform Qualtrics. The company collects the feedback and data on customers, employees and products and provides real time insights.
The market of CMMS software is highly competitive. The key players are focusing on new product launch with introduction of technologies to gain competitive advantage. Also, they are looking for expansion through merger and acquisition.
Influencing Trend:
Rising Adoption of Effective and Productive Solutions to the Management and Internet of Things, Artificial Intelligence and Machine Learning are being implemented with CMMS
Market Growth Drivers:
Features Such as Improved Planning and Scheduling as Well as Minimization of Time Spent on Data Entry is Fuelling the Market Growth and Rising Need of Organizations to Boost the Productivity and Increase the Production Demands
Challenges:
Lack of Awareness about the CMMS Models may hamper the Growth and Requirement of Training and Need to Update Constantly
Restraints:
Lack of IT Infrastructure for the Application of CMMS
Opportunities:
Wide Range of Applications is Boosting the Market Growth
Key highlights of the Global CMMS Software market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the CMMS Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global CMMS Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of CMMS Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global CMMS Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in CMMS Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.