What is Industrial Plant Management Software Market?
Industrial plant management software is the computerised maintenance management software which is designed to allow plant managers to implement management activities. This software is used by industries such as manufacturing facilities, canneries, mills, and plants which requires expert work order and crew scheduling, as well as professional preventive maintenance of plant equipment and assets, parts inventory, and tool control. Industrial plant management software is useful in where lot of facilities are present needing maintenance as well as those with other equipment. It comes with various features and has wide range of applications.
The market study is being classified, by Application (Aerospace, Automotive, Chemical processing and Power generation) and major geographies with country level break-up.
Mapcon Technologies, Inc. (United States), HEXAGON (Sweden), MicroMain Corporation (United States), Enaviya Information Technology Pvt. ltd. (United States), ServiceChannel (United States), Fiix Inc. (Canada), Fluke Corporation (United States), Hippo CMMS (Canada), MAINTENANCE CONNECTION (South Africa) and TMA Systems (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Industrial Plant Management Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Industrial Plant Management Software market by Type, Application and Region.
On the basis of geography, the market of Industrial Plant Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Need to Improve Productivity and Maintenance Goals
- Adoption of Goal-Oriented Management Approach by Businesses
Market Trend
- Increasing Use of Cloud-Based Applications
Restraints
- Availability of Free Software
- Costs Associated with the Software
Opportunities
- Inclination Towards Data Driven Management
- Rising Demand for Centralised Maintenance Software
Challenges
- Lack of Skilled Professionals
Market Leaders and some development strategies
On February 2019, Mapcon has acquired Thermopyle sciences and technology. This acquisition will enrich the 5D experience delivered through our Hexagon Smart M.App and Luciad portfolios.
In January 2018, Pinpoint Infotainment Systems, a leading provider of manufacturing execution system has released a new software named V5 Andon and V5 MES. This software includes features such as website configurable paperless manufacturing and real-time overall equipment effectiveness (OEE) reporting.
Key Target Audience
Government associations, Research organisations, Software vendors and Others