Press release
Work Order Management System Market 2018-2024 By Key Players: NetSuite, Microsoft, IBM, Astea International, IFS, ClickSoftware, ServiceMax - From GE Digital, ServiceNow, eMaint, Corrigo, Coresystems, Infor, Maintenance Connection, an Accruent company
Global Market Insights, Inc.
Work Order Management System Market size is anticipated to grow significantly to 2024 due to increasing demand for advanced technologies including AI and IoT along with a rise in adoption of mobile applications. Work order management system assists in maintaining timely and proper processing of work orders. It handles various processing work requests, resource availability & assignment, downtime, warranty & work order tracking, extensive data mining, inventory management, and creating scheduled & non-scheduled work orders.
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The increasing requirement for having centrally-managed work orders is a major parameter driving the work order management system market growth. The rising customer requirements necessitate enterprises to have a scalable work order management system capable of managing all tasks and work orders from centralized platforms, thus saving time & cost and avoiding loss of information. The work order management system can easily configure work orders to manage fields, providing a better flow of information to the field workers. The growing use of wearable devices primarily among the field workers also showcases huge market growth capabilities.
The cloud deployment model is anticipated to grow at a higher rate as compared to the on-premise model. The major factors responsible for this growth include improved security, real-time data information, interactive dashboard, ease of use, affordability, and enhanced scalability & flexibility. The work order management system market is segmented into solution and service with the solution segment holding the largest market share as it assists organizations in managing and organizing field resources.
It increases the performance and availability of equipment, boosting employee productivity and reducing overtime. The service segment is projected to grow at the fastest rate over the forecast period. These services include integration & deployment service, consulting service, support & maintenance service, and education & training service. The service team delivers comprehensive services using the latest technology, skills, and knowledge, thereby reducing operational costs and delivering enhanced customer satisfaction.
Top Key Players in Work Order Management System Market:
1. NetSuite
2. Microsoft
3. IBM
4. Astea International
5. IFS
6. ClickSoftware
7. ServiceMax - From GE Digital
8. ServiceNow
9. eMaint
10. Corrigo
11. Coresystems
12. Infor
13. Maintenance Connection, an Accruent company
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North America dominates the global work order management system market due to the increasing adoption of latest technologies. The companies operating in this region are increasingly adopting work order management systems to manage and track their work orders and routine, accelerating the market growth.
The Asia Pacific region is projected to grow at the fastest rate due to rapid globalization, economic developments, and the increasing adoption of cloud-based technologies. The country is also investing in R&D to develop innovative automation solutions for meeting workforce optimization requirements, further leading to the market growth.
The work order management market is fragmented with the existence of a considerable number of vendors. Some of the major players present in the market are NetSuite, Microsoft, IBM, Astea International, IFS, ClickSoftware, ServiceMax - From GE Digital, ServiceNow, eMaint, Hippo CMMS, Corrigo, Coresystems, Infor, Maintenance Connection, an Accruent company, Loc8, MEX, Fingent, and ServiceChannel.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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