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Rising Small Enterprises Propel Growth In Computerized Maintenance Management System Market: A Significant Driver Propelling The Computerized Maintenance Management System Market In 2025
The Computerized Maintenance Management System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Computerized Maintenance Management System Market Size and Projected Growth Rate?
The market size of the computerized maintenance management system has experienced robust growth in the past few years. The projected growth is from $1.32 billion in 2024 to reach $1.45 billion by 2025 exhibiting a compound annual growth rate (CAGR) of 9.1%. The surge during the historic period can be credited to the implementation of preventive maintenance strategies, asset management necessities, the rise in equipment complexity, the demand for regulatory compliance, and requirements for scalability.
Expectations are high for the computerized maintenance management system market size to experience a swift expansion in the coming years. The forecast predicts a growth to $2.29 billion by 2029, with a compound annual growth rate (CAGR) of 12.2%. This anticipated growth during the forecast period is linked to various factors such as the emphasis on energy management, the use of mobile CMMS applications, the role of big data analytics in maintenance, the demand for integration with ERP systems, and a regulatory focus on sustainability. The forecast period is also set to witness several major trends including the rise of cloud-based CMMS solutions, integration with IoT devices, advancing technology in maintenance, AI-based maintenance planning, and an upgraded user interface and user experience.
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What Are the Major Segments in the Computerized Maintenance Management System Market?
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
Subsegments:
1) By Cloud: Software As A Service (SaaS), Subscription-Based Models, Multi-Tenant Architecture
2) By On-Premise: Licensed Software, Single-Tenant Architecture, Customizable Solutions
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What Are The Driving Computerized Maintenance Management System Market Evolution?
The expansion of small businesses is projected to boost the computerized maintenance management system market. These small businesses are characterized by their limited employee count and their role as manufacturing entrepreneurs. They utilize computerized maintenance management systems to rapidly grow their new ventures, mitigating certain risks and uncertainties that come with establishing a new business. These systems help in managing maintenance, scheduling regular upkeep, tracking assets, controlling inventory, and facilitating purchases, ensuring business operations run efficiently. As an example, the US-based governmental agency, Small Business Administration (SBA), reported in 2022 that there are 33.2 million small businesses in the US. These businesses make up 99.9 percent of all US businesses. Therefore, the computerized maintenance management system market's growth is directly influenced by the growth of these small enterprises.
Which Firms Dominate The Computerized Maintenance Management System Market Segments?
Major companies operating in the computerized maintenance management system market include 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
What Trends Are Expected to Dominate the Computerized Maintenance Management System Market in the Next 5 Years?
The push towards technology is a notable trend that's gaining traction in the computerized maintenance management system industry. To maintain their industry standing, leading businesses in the computer automated maintenance management market are turning to technological innovation. For example, in October 2023, TMA Systems LLC, an American software firm, unveiled an enhanced version of Eagle CMMS. This tool is a versatile computerized maintenance management solution suited for businesses of all scales. It provides robust asset management solutions, whilst maintaining user-friendly interface and prompt adoption. The platform, loaded with features like work order systems, preventative maintenance, inventory oversight, and asset management, facilitates streamlined operations, reduction in downtime, cost efficiency, and enhancement of production capacity. Paired with WebTMA, the flagship enterprise asset management product from TMA, it delivers an exhaustive requisites for both facility and asset management requirements.
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Which Is The Largest Region In The Computerized Maintenance Management System Market?
North America was the dominating region in the computerized maintenance management system market in 2024. The regions covered in the computerized maintenance management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computerized Maintenance Management System Market?
2. What is the CAGR expected in the Computerized Maintenance Management System Market?
3. What Are the Key Innovations Transforming the Computerized Maintenance Management System Industry?
4. Which Region Is Leading the Computerized Maintenance Management System Market?
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