About Industrial Maintenance Management Software
Industrial Maintenance Management Software is a computerized maintenance management system designed to provide plant managers to implement comprehensive maintenance management activities. It used in industries such as manufacturing facilities, factories, canneries, mills and chemical plants that require expert work order and crew scheduling, as well as professional preventive maintenance of plant equipment and assets, parts inventory, and tool control.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Global industrial maintenance management software market is fragmented due to the presence of several software providers. The level of competition among the key players is intense and software providers focus on developing new technologies and offering customization to the customers. During the coming years, a number of companies will also follow partnership, merger, acquisition and other strategies to sustain in this competitive market Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Industrial Maintenance Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), C3 IoT (United States), CyberMetrics (Spain), eMaint Enterprises, LLC (United States), IBM Corporation (United States), SAP SE (Germany), ManagerPlus (United States), Mapcon Technologies, Inc. (United States), Rockwell Automation (United States), Fiix (United States) and Maintenance Connection (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Planon Software (India), MVP Plant (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Maintenance Management Software market by Type (Integrated Software and Standalone Software), Application (Preventive Maintenance and Predictive Maintenance) and Region.
On the basis of geography, the market of Industrial Maintenance 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-premise will boost the Industrial Maintenance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software Subscription, the sub-segment i.e. Monthly will boost the Industrial Maintenance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Premium will boost the Industrial Maintenance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. Large Enterprises will boost the Industrial Maintenance Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increase In The Adoption Of Internet of Things (IoT) Devices and Growing Penetration Of Mobile Technology
Challenges:
Lack Of Technological Knowledge
Restraints:
Availability of Freeware Alternative Solutions
Opportunities:
Rising Use Of Cloud-Based Industrial Maintenance Management Software and Growing Demand For Business Intelligence Software in End Use Industries
Market Leaders and their expansionary development strategies
In January 2021, Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, has completed the acquisition of Fiix Inc., an AI-enabled computerized maintenance management system (CMMS) company based in Toronto, Ontario, Canada.
In November 2023, Persistant a global Digital Engineering and Enterprise Modernization leader, today launched a unique open-source maintenance service to facilitate keeping an organization’s open-source software up to date with all patches, bug fixes, and incorporating the latest software releases. The service is comprised of a dedicated team of experts and specialists dealing with a wide range of complex software, equipped with the latest technologies, and backed by a knowledge base to help clients maintain their open-source software with all releases for the continuity of business operations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Maintenance Management Software Providers, Cloud Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory, Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.