New York, NY -- (SBWIRE) -- 02/22/2021 -- The Global Work order management systems market is forecast to reach USD 863.0 Million by 2026, according to a new report by Reports and Data. There are various advantages associated with work order management systems that are propelling the growth of the market. As an instance, it is useful in minimizing unexpected issues, i.e., reducing occurrences of breakdowns in the functioning of business assets, results in the automation of maintenance process. The mentioned benefits of work order management system are resulting in its increased demand among the end-user industries, which is boosting the growth of the market. Different initiatives taken by the key players of the market is also propelling the growth of the market. Astea International, a key player of the market, had introduced Alliance Field Service Management and Mobility Platform that provides with real-time and intuitive interactions. In 2018, it decided to showcase this platform at Field Service Forum in Amsterdam. Such initiatives taken by the key players of the market are boosting growth prospective.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Work Order Management Systems Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market

Further key findings from the report suggest

Work order management systems market held a market share of USD 415.0 Million in the year 2018, with a growth rate of 9.0% during the forecast period.

In the context of the Component, the Solutions segment generated a higher revenue of USD 26.5 Million in 2018 with a CAGR of 5.2% during the forecast period. The revenue generated by the Solutions segment is the result of the high rate of deployment of work order management solutions in the operation of various end-user industries due to its effectiveness in assisting these industries in organizing and managing field resources.

In regards to Deployment type, the On-Premises segment yielded a higher revenue of USD 315.4 Million in 2018 with a CAGR of 7.7% during the forecast period. The revenue generated by the On-Premises segment is the result of high reliability and security of on-premises software that has resulted in a high preference of on-premises deployment of the work order management systems.

In regards to End-users, the Manufacturing segment occupied the largest market share of 21.0% in 2018, with a CAGR of 9.7% during the forecast period. The market share held by the Manufacturing segment is the result of high applicability of the work order management systems in the functioning of the industry. The reason being, the system is useful for the sector in effectively managing different types of repair activities and manufacturing processes. The fact this system provides with flexibility in production managing process and deliver a product as per customer specifications have also resulted in its increased incorporation in the functioning of the industry. Its increased inclusion is contributing to the market share of the Manufacturing segment.

Based on the regions, the report covers the following regions:

North America (U.S.A., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Terrain:

The global Work Order Management Systems market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Work Order Management Systems market are listed below:

IBM, Clicksoftware, IFS, Microsoft, ServiceMax, Innovapptive, Maintenance Connection, Netsuite, Coresystems, and Servicechannel.

Component Type Outlook (Revenue, USD Million; 2020-2026)

Solutions

Services

Managed Services

Professional Service

Deployment Type Outlook (Revenue, USD Million; 2020-2026)

Cloud

On-Premises

Organization size Type Outlook (Revenue, USD Million; 2020-2026)

Large Enterprises

Small and Medium-Sized Enterprises

End-users Type Outlook (Revenue, USD Million; 2020-2026)

Banking, Financial Services, and Insurance [BFSI]

Manufacturing

Telecom and IT

Healthcare and Life Sciences

Transportation and Logistics

Consumer Goods and Retail

Energy and Utilities

Real Estate and Construction

Others

Application Type Outlook (Revenue, USD Million; 2020-2026)

Preventive Maintenance

General Work Order

Inspection

Corrective Maintenance

Emergency work order

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Radical Features of the Work Order Management Systems Market Report:

Valuable insights into the Work Order Management Systems market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Work Order Management Systems industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Work Order Management Systems Market Segmentation & Impact Analysis

Chapter 5. Work Order Management Systems Market By Component Insights & Trends

Chapter 6. Work Order Management Systems Market By Deployment Type Insights & Trends

Chapter 7. Work Order Management Systems Market By Organization size Insights & Trends

Chapter 8. Work Order Management Systems Market By End-users Insights & Trends

Chapter 9. Work Order Management Systems Market, By Application Insights & Trends

Chapter 10. Work Order Management Systems Market Regional Outlook

Chapter 11. Competitive Landscape

Chapter 12. Company Profiles

12.1. IBM

           12.1.1. Company Overview

           12.1.2. Financial Performance

12.2. Clicksoftware

           12.2.1. Company Overview

           12.2.2. Financial Performance

12.3. IFS

           12.3.1. Company Overview

           12.3.2. Financial Performance

12.4. Microsoft

           12.4.1. Company Overview

           12.4.2. Financial Performance

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