Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Computerized Maintenance Management System Market size is expected to reach $1.8 billion by 2028, rising at a market growth of 9.9% CAGR during the forecast period.
The Cloud segment is showcasing a CAGR of 10.5% during (2022 - 2028). Cloud-based software is now practical because of higher Internet connections, less expensive database storage, and the introduction of smartphones and tablets. Enterprises may always use the most recent version of the Computerized Maintenance Management System (CMMS) at no extra cost because to cloud-based software's automatic subscription upgrades.
The Large Enterprises segment acquired maximum revenue share in the Global Computerized Maintenance Management System Market by Enterprise Size in 2021 thereby, achieving a market value of $1.1 billion by 2028. In order to handle preventative maintenance on anything from industrial machinery to warehousing equipment, large businesses need CMMS systems. Implementing a CMMS is advantageous for large enterprises since downtime may be pretty costly.
The Healthcare segment has shown the growth rate of 10.2% during (2022 - 2028). Your hospital managers may have immediate access to asset management and other insights with CMMS. They can maintain a current inventory of any maintenance supplies and repair components they might need. This aids in preventing any supply shortages that can cause schedule disruptions. Stock management for your hospital may be made simpler with this combination of inventory management and CMMS.
The North America market dominated the Global Computerized Maintenance Management System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $590.2 Million by 2028.The Europe market is experiencing a CAGR of 9.2% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 10.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Fiix, Inc. (Rockwell Automation, Inc.), Accruent, LLC (Fortive Corporation), Limble Solutions, LLC, Facilio, Inc., EZMaintain(Techgate LLC), Fracttal Tech S.L, Hippo Facility Management Technologies, Inc. (Eptura, Inc.), Maxpanda CMMS, and MicroMain Corporation (JDM Technology Group Inc.)
By Enterprise Size
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