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Computerized Maintenance Management System Global Market Reach $2.02 Billion at a CAGR of 10.6% By 2028, Key Factors behind Market's Exponential Growth
Computerized Maintenance Management System Market
As per the report, the computerized maintenance management system market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The computerized maintenance management system market size is expected to see rapid growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
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Rising Small Enterprises Propel Growth In Computerized Maintenance Management System Market
The growth of small enterprises is expected to propel the growth of the computerized maintenance management system market going forward. Small enterprises refer to small manufacturing entrepreneurs with a limited number of employees. Small enterprises required a computerized maintenance management system to expand their start-up companies quickly by reducing some of the risk and uncertainty associated with starting a business which is helpful for tracking maintenance, scheduling preventive maintenance, inventory management, asset tracking, and purchasing for the efficient operation of the business. For instance, in 2022, according to Small Business Administration (SBA), a US-based government agency, there are 33.2 million small businesses in the US, which account for 99.9 percent of all US businesses. Therefore, the growth of small enterprises is driving the growth of the computerized maintenance management system market.
Technological Advancements Propel Innovation In The Computerized Maintenance Management System Market
Technological advancements are a key trend gaining popularity in the computerized maintenance management system market. Major companies operating in the computerized maintenance management system market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Facilio, Inc, a US-based company operating in real-time facilities operations & maintenance (O&M) introduced a connected computerized maintenance management system (CMMS) to aid businesses in streamlining operations, cutting costs, and keeping up with changing client demands. The connected CCMS software platform combines all workflows for asset performance, client engagement, vendor management, workplace management, property maintenance, and IoT data to aid businesses in streamlining operations, cutting costs, and keeping up with changing client demands.
The computerized maintenance management system market covered in this report is segmented -
1) By Deployment Type: Cloud, On-premise
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Management, Workorder Management, Inventory Management, Preventive Maintenance, Other Applications
4) By End-use: Manufacturing, Facility Management, Healthcare, Education, Government, Other End Uses
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Major companies operating in the computerized maintenance management system market report are Hippo CMMS, Limble CMMS, MicroMain Corporation, Fiix Inc., International Business Machines Corporation, Fracttal S.p.A, eMaint Enterprises LLC, Upkeep Technologies Inc, Cryotos CMMS Software, Accruent, Infor Inc., Mapcon Technologies Inc., DPSI, Techgate Technologies LLC, Facilio, ManWinWin Software, MATE PCS LLC, Oracle Corporation, SAP SE, Microsoft Corporation, IFS, AVEVA Group, EAMbrace, Maintenance Connection, Siemens, Asset Panda LLC, Maintenance Care, ManagerPlus, Siveco Group, CWorks Inc., AssetWorks LLC, MPulse Software Inc., MVP Plant, Smartware Group, Maxpanda, TabWare, EZOfficeInventory .
Contents of the report:
1. Executive Summary
2. Computerized Maintenance Management System Market Report Structure
3. Computerized Maintenance Management System Market Trends And Strategies
4. Computerized Maintenance Management System Market - Macro Economic Scenario
5. Computerized Maintenance Management System Market Size And Growth
…..
27. Computerized Maintenance Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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