CMMS stands for Computerized Maintenance Management System, which is specially designed software that maintains all the information related to maintenance operations such as scheduled maintenance and work orders, to parts inventory and purchasing functions of an organization (maintenance management).
Computerized maintenance management system stores asset information such as model or serial number, location, downtime statistics, associated documents, repair manuals, and safety procedures. In addition to this, CMMS software stores information related to work order management such as work order number, order type, and description of work order, which further helps an organization to effectively manage all the assets.
Factors Driving Growth of the Global Computerized Maintenance Management System Market
Increasing requirement of a centralized platform for managing all the tasks of organizations related to assets is expected to boost demand for computerized maintenance management systems over the forecast period. Computerized maintenance management system increases asset visibility by centrally managing all the information of all the assets, workflow visibility through dashboards, automating manual tasks such as ordering parts, replenishing MRO inventory, scheduling shifts, and compiling information.
The cloud-based CMMS system eliminates the need for hardware and software investment and provides flexibility and agility to the user. However, data security is one of the major concerns for any company if they want to shift to cloud-based technology. For instance, according to Coherent Market Insights’ analysis, in 2018, around 72% of enterprises across the globe had at least one application or a portion of their enterprise computing infrastructure on the cloud.
Regional Analysis of Global Computerized Maintenance Management System Market
On the basis of region, the global computerized maintenance management system market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
In 2018, the North America region accounted for the largest share in the Computerized Maintenance Management System market, and is expected to retain its dominant position in the market over the forecast period. This is owing to increasing adoption of computerized maintenance management system by various sectors such as oil and gas, transport and logistic, power and utility, construction, manufacturing, and healthcare in the region. Moreover, high presence of number of logistic companies in the U.S., which includes XPO Logistics Inc., UPS Supply Chain Solutions, DHL Supply Chain, C.H. Robinson Worldwide, Expeditors International of Washington, J.B. Hunt Transport Services, C.H. Robinson Worldwide, and others is expected to be one of the major factors that is driving growth of the market in the region.
Key Players in the Global Computerized Maintenance Management System Market
Some of the key players operating in the global computerized maintenance management system market include Fiix Inc, Fracttal, Hippo CMMS, IBM, Idox plc, Limble Solutions, LLC, ManagerPlus, ManWinWin, MATE PCS, Smartsheet Inc., UpKeep Maintenance Management, and others.
Global Computerized Maintenance Management System Market: Taxonomy
The global computerized maintenance management system market is segmented on the basis of deployment type, enterprise size, application, end-use industry, and region.