Los Angeles, CA -- (SBWIRE) -- 04/16/2019 -- This report studies the Computerized Maintenance Management System (CMMS) Software, Computerized maintenance management system (CMMS), also known as computerized maintenance management information system (CMMIS), is a software package that maintains a computer database of information about an organization's maintenance operations. This information is intended to help maintenance workers do their jobs more effectively (for example, determining which machines require maintenance and which storerooms contain the spare parts they need) and to help management make informed decisions (for example, calculating the cost of machine breakdown repair versus preventive maintenance for each machine, possibly leading to better allocation of resources). CMMS data may also be used to verify regulatory compliance. To properly control the maintenance of a facility, information is required to analyze what is occurring. Manually this requires a tremendous amount of effort and time. A CMMS also allows for record keeping, to track completed and assigned tasks in a timely and cost-effective manner. In recognition of this, companies have started using CMMS extensively to better control and organize maintenance management. The different steps of implementing a CMMS plan have been described in the diagram.

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According to QYR market research, The Global Computerized Maintenance Management System (CMMS) Software market size was 787.2 million USD in 2018 and it will be 1514 million USD in 2025, with a CAGR of 9.79% from 2018 to 2025. Factors like an efficient accomplishment of maintenance practices, time-saving services, and low cost are majorly driving the market of computerized maintenance management system. Also, facilities provided by computerized maintenance management systems like scheduling tasks, tracking work orders, external work requests, managing inventory and audit, and certification are elevating the market.

The global Computerized Maintenance Management System (CMMS) Software market for is highly competitive and fragmented. There are many enterprises entering this business. IBM, Siveco, Dude Solutions, DPSI, ServiceChannel and eMaint are some of the major market players in this domain. Other key vendors include Fiix, UpKeep, IFS, Maintenance Connection, Hippo, Real Asset Management, Sierra, MCS Solutions, MPulse, MVP Plant, ManagerPlus and some others. The prominent players constantly keep on innovating and investing in research and development in order to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customer.

In 2018, the global Computerized Maintenance Management System (CMMS) Software market size was 720 million US$ and it is expected to reach 1510 million US$ by the end of 2025, with a CAGR of 9.8% between 2019 and 2025.

This report studies the Computerized Maintenance Management System (CMMS) Software market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report focuses on the global top players, covered

Maintenance Connection

EMaint

Dude Solutions

Hippo

IBM

ServiceChannel

Fiix

UpKeep

Siveco

IFS

ManagerPlus

Axxerion

MPulse

MVP Plant

MCS Solutions

DPSI

Real Asset Management

MicroMain

FasTrak

FMX

Sierra

Orion IXL Bhd

Market segment by Regions/Countries, this report covers

North America

Europe

China

Rest of Asia Pacific

Central & South America

Middle East & Africa

Market segment by Type, the product can be split into

Cloud Based CMMS Software

On-Premises CMMS Software

Market segment by Application, the market can be split into

Industrial & Manufacturing

Property Management Firms

Logistics & Retail

Education & Government

Healthcare and Others

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