Work Order Management Systems Market Projected to reach $694.6 million by 2023 | Key players include Clicksoftware, IFS, IBM, Microsoft and Netsuite

According to recent research "Work Order Management Systems Market by Solution, Service (Managed and Professional (Integration & Implementation, Consulting, Support & Maintenance)), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" the work order management systems market is expected to grow from USD 414.1 million in 2018 to USD 694.6 million by 2023, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The increasing need among enterprises to centrally manage and track work orders and growing necessity to enhance the efficiency of teams are expected to have led to the largescale adoption of work order management systems. Due to the increasing adoption of cloud-based work order management systems among Small and Medium-sized Enterprises (SMEs), the work order management systems market is expected to gain traction during the forecast period.

Browse 67 market data Tables and 39 Figures spread through 146 Pages and in-depth TOC on "Work Order Management Systems Market”
https://www.marketsandmarkets.com/Market-Reports/work-order-management-systems-market-81654263.html?utm_source=Openpr

The services segment to grow at a higher CAGR during the forecast period

The services segment is expected to gain more traction during the forecast period. Services are mostly post-sales services that are delivered to customers after the purchase of a product. These services include designing, planning, upgrading, and a host of other consulting services, which are offered to clients. The services team offers comprehensive services through the latest techniques and tools, skills, knowledge, and strategies to address organizations’ work order management needs. Companies offering these services comprise consultants, solution experts, and dedicated project management teams, which specialize in designing and delivering robust work order management solution and services.

The manufacturing industry vertical to hold the largest market size during the forecast period

The manufacturing industry vertical is expected to dominate the work order management systems market during the forecast period. To remain competitive and sustain growth, manufacturing enterprises are focusing on making their business operations efficient by leveraging the benefits of the latest advancements in the work order management technology. Work order management systems enable manufacturing organizations to make their business operations robust, efficient, and error-free. They provide organizations with several capabilities, such as product installation, preventive maintenance, work order automation, field asset management, job scheduling, real-time collaboration with field workers using mobile devices, status update, and billing and tracking management.

Speak to our Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=81654263&utm_source=Openpr

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period, as the region is extremely responsive toward the adoption of the latest technological advancements. A robust work order management system helps in flexible planning and successful execution of tasks and work orders. Enterprises aim at promoting collaborations among teams and improving workforce utilization. There is a growing need among enterprises to centrally manage and track work orders. This growing need is driving the adoption of work order management systems in the region.

The major vendors offering work order management systems across the globe include NetSuite (US), IBM (US), Microsoft (US), IFS (Sweden), ClickSoftware (US), Astea (US), Infor (US), ServiceMax (US), Coresystems (Switzerland), FieldAware(US), ServiceNow(US), ServicePower(US), Corrigo(US), eMaint(US), Innovapptive (US), Fingent (US), ServiceChannel(US), FieldEZ(India), 3Floorsup(Australia), Hippo CMMS(Canada), Fieldpoint Service Applications(Canada), Sockeye Technologies(Canada), Maintenance Connection(US), MEX(Australia), and Loc8 (Australia).

Mr. Shelly Singh
MaketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

This release was published on openPR.