QYResearch has come up with a new report on the global CMMS Software market. In 2019, the global CMMS Software market size was US$ 929.43 million and it is expected to reach US$ 1368.31 million by the end of 2026, with a CAGR of 8.6% during 2021-2026.
Computerized maintenance management system (CMMS), also known as computerized maintenance management information system (CMMIS), is a software package that maintains a computer database of information about an organization's maintenance operations. This information is intended to help maintenance workers do their jobs more effectively (for example, determining which machines require maintenance and which storerooms contain the spare parts they need) and to help management make informed decisions (for example, calculating the cost of machine breakdown repair versus preventive maintenance for each machine, possibly leading to better allocation of resources). CMMS data may also be used to verify regulatory compliance. To properly control the maintenance of a facility, information is required to analyze what is occurring. Manually this requires a tremendous amount of effort and time. A CMMS also allows for record keeping, to track completed and assigned tasks in a timely and cost-effective manner. In recognition of this, companies have started using CMMS extensively to better control and organize maintenance management. The different steps of implementing a CMMS plan have been described in the diagram.
A CMMS offers multiple core maintenance functionalities. It is not limited to manufacturing but expands to facilities, utilities, fleet, hospitals, sport areas and more where any type of equipment/assets are subject to repair and need maintenance.
Factors like an efficient accomplishment of maintenance practices, time-saving services, and low cost are majorly driving the market of computerized maintenance management system. Also, facilities provided by computerized maintenance management systems like scheduling tasks, tracking work orders, external work requests, managing inventory and audit, and certification are elevating the market.
Global CMMS Software Market- Key Players
The global Computerized Maintenance Management System (CMMS) Software market for is highly competitive and fragmented. There are many enterprises entering this business. IBM, Dude Solutions, Siveco, Accruent and DPSI are some of the major market players in this domain. Other key vendors include eMaint, iOffice (Hippo & ManagerPlus), ServiceChannel, Fiix, UpKeep, IFS, Spacewell, JDM Technology, MVP Plant, MRI (Real Asset Management), FasTrak, FMX, Sierra, Orion IXL Bhd, Ultimo, JLL (Corrigo), EZOfficeInventory, CyberMetrics (FaciliWorks), Maxpanda, eWorkOrders and some others. The prominent players constantly keep on innovating and investing in research and development in order to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customer.
Global CMMS Software Market- Application Analysis
CMMS can be used by any organization which is required to carry out maintenance on equipment, assets or property, and is used across all industry sectors ranging from manufacturing, packaging, energy, health, education, food and beverage to facilities and fleet maintenance. Organizations of all sizes from the smallest maintenance companies requiring a more basic system to the large corporate businesses requiring a feature rich solution, will have use for a CMMS. In 2019, Market for Industrial & Manufacturing segment is dominating the market, with about 52.12% market share, followed by Logistics & Retail industries, with 18.77% market share.
Read More Information: https://www.qyresearch.com/index/detail/1437768/global-cmms-software-market
QYResearch provides Market Research Reports for clients all over the world. As of now, QYResearch data as following:
62000 + Clients(cover 100% the world strong 500 companies and most industries’ leading players such as TOP5 players)
7800 + Experts(most of them with more than 15 years’ experience in their industry and professional knowledge both in market and technology)
300 + Data Base(40% government related data base, 30% third part data base, 10% international agencies data base, 30% technology and market data base)
2 Million + Reports(cover almost all industries and most detailed products such as product model level research reports, where you can find all what you need in one shop)
1000 + Custom Research Projects(most clients need custom research service and QYResearch keeps offering good and depth service for them)
30 + Roles Data Interview Checking System(only QYResearch uses such interview system with more than 30 roles in order to confirm the data reliability)
13 + Years focus market research and continues to support the client success.
Rahul Singh - Digital Marketing Director
Contact: +91 7028 920 828 +81-903-800-9273 +86-108-294-5717
Sales Contact US:
USA Registered Office: QY Research, INC.
17890 Castleton, Suite 369,
City of industry, CA - 91748
Emails – firstname.lastname@example.org
Web – www.qyresearch.com