Global CMMS Software Market Growth (Status and Outlook) 2023-2029

Global CMMS Software Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “CMMS Software Industry Forecast” looks at past sales and reviews total world CMMS Software sales in 2022, providing a comprehensive analysis by region and market sector of projected CMMS Software sales for 2023 through 2029. With CMMS Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CMMS Software industry.
This Insight Report provides a comprehensive analysis of the global CMMS Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CMMS Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CMMS Software market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CMMS Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CMMS Software.
The global CMMS Software market size is projected to grow from US$ 933.8 million in 2022 to US$ 1913.1 million in 2029; it is expected to grow at a CAGR of 10.8% from 2023 to 2029.
North America is the largest market with about 45% market share. Europe is follower, accounting for about 26% market share.The key players are include IBM, Dude Solutions, Siveco, UpKeep, Accruent, Rockwell Automation (Fiix), ServiceChannel, and DPSI, etc. Global top five players hold a share nearly 40 percent.
This report presents a comprehensive overview, market shares, and growth opportunities of CMMS Software market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Cloud Based CMMS Software
On-Premises CMMS Software
Segmentation by application
Industrial & Manufacturing
Property Management Firms
Logistics & Retail
Education & Government
Healthcare and Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Accruent
eMaint
Dude Solutions
iOffice (Hippo & ManagerPlus)
IBM
ServiceChannel
Rockwell Automation (Fiix)
UpKeep
Siveco
IFS
Spacewell
JDM Technology
MVP Plant
DPSI
MRI (Real Asset Management)
FasTrak
FMX
Sierra
Orion IXL Bhd
Ultimo
JLL (Corrigo)
EZOfficeInventory
CyberMetrics (FaciliWorks)
Maxpanda
eWorkOrders
Ashcom Technologies
Landport
Megamation Systems

Please note: The report will take approximately 2 business days to prepare and deliver.