PUBLISHER: The Business Research Company | PRODUCT CODE: 1662951
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662951
A Computerized Maintenance Management System (CMMS) is software designed to optimize maintenance operations and consolidate an organization's maintenance data. It aims to maximize the utilization and accessibility of physical assets, including machinery, transportation, communication systems, and various infrastructures.
These systems can be deployed via cloud or on-premise solutions. Cloud-based CMMS operates through global data centers housing servers, providing continuous monitoring, work order generation, and asset management for streamlined operations within an organization. These systems cater to diverse enterprises, including large corporations and small to medium-sized businesses (SMEs). CMMS software serves various purposes such as asset management, work order organization, inventory management, preventive maintenance scheduling, and is utilized across industries such as manufacturing, facility management, healthcare, education, government, among others.
The computerized maintenance management system market research report is one of a series of new reports from The Business Research Company that provides computerized maintenance management system market statistics, including computerized maintenance management system industry global market size, regional shares, competitors with a computerized maintenance management system market share, detailed computerized maintenance management system market segments, market trends and opportunities, and any further data you may need to thrive in the computerized maintenance management system industry. This computerized maintenance management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The computerized maintenance management system market size has grown strongly in recent years. It will grow from $1.32 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to adoption of preventive maintenance strategies, asset management requirements, increased complexity of equipment, regulatory compliance demands, scalability requirements.
The computerized maintenance management system market size is expected to see rapid growth in the next few years. It will grow to $2.29 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to focus on energy management, mobile CMMS applications, big data analytics in maintenance, demand for integration with ERP systems, regulatory emphasis on sustainability. Major trends in the forecast period include cloud-based CMMS solutions, integration with Io devices, technological advancements in maintenance, ai-based maintenance planning, user-friendly interface and experience.
The expansion of small enterprises is anticipated to be a driving force behind the growth of the computerized maintenance management system (CMMS) market. Small enterprises, characterized by limited employee numbers, find value in adopting CMMS to facilitate the efficient operation of their businesses. CMMS aids small enterprises in tracking maintenance activities, scheduling preventive maintenance, managing inventory, tracking assets, and handling purchasing processes. For example, as of 2022, the Small Business Administration (SBA), a US government agency, reported a total of 33.2 million small businesses in the United States, constituting 99.9 percent of all businesses in the country. The proliferation of small enterprises is consequently contributing to the expansion of the computerized maintenance management system market.
Increasing investments in infrastructure projects are anticipated to drive the growth of the computerized maintenance management system (CMMS) market in the future. Infrastructure investments involve the allocation of resources toward the development, enhancement, and upkeep of essential physical structures and facilities that facilitate economic activities and public services. A CMMS is vital for infrastructure management, allowing organizations to efficiently manage assets, implement preventive maintenance strategies, streamline work order management, optimize inventory, and ensure compliance with safety regulations. For example, in April 2023, the World Bank, a US-based financial institution, reported that private participation in infrastructure (PPI) commitments rose to $91.7 billion across 263 projects in 2022, marking a 23% increase compared to the commitments made in 2021. Thus, the rising investments in infrastructure projects are propelling the growth of the computerized maintenance management system market.
Technological advancements are a significant trend gaining traction in the computerized maintenance management system (CMMS) market. Major companies in this sector are embracing new technologies to strengthen their market positions. For example, in October 2023, TMA Systems LLC, a US-based software firm, launched the upgraded Eagle CMMS, a flexible computerized maintenance management platform tailored for businesses of all sizes. This new version features robust asset management tools while ensuring user-friendliness and quick adoption. With capabilities such as work order management, preventive maintenance, inventory control, and asset management, Eagle CMMS aids in streamlining operations, minimizing downtime, reducing costs, and enhancing production efficiency. When integrated with WebTMA, TMA's flagship enterprise asset management solution, it delivers a comprehensive approach to facility and asset management.
Key players in the computerized maintenance management system (CMMS) market are strategically launching innovative solutions, particularly advanced tools tailored for the healthcare sector, to streamline operations and enhance their competitive position. These next-gen healthcare CMMS tools are crafted to offer comprehensive maintenance management solutions that cater to the specific needs and regulatory requirements of the healthcare industry. For instance, in June 2023, EQ2 LLC, a prominent US-based provider of healthcare CMMS software, unveiled HEMS (Hospital Equipment Management System) One CMMS. This tool boasts a rich set of features designed to empower facilities, biomedical teams, and healthcare technology management (HTM) teams, enabling them to work more efficiently and save time. HEMS One prioritizes flexibility, rapid processing, and robust, user-friendly dashboards in its design. Notably, it seamlessly interfaces with a wide array of third-party programs, eliminating the need for hospitals to invest in separate third-party platforms.
In March 2023, TMA Systems, a leading US-based software company, executed the acquisition of Maxpanda Technologies for an undisclosed sum. This strategic move by TMA Systems is aimed at fortifying its portfolio in maintenance management solutions, catering to companies of various sizes and positioning itself for a competitive advantage in the market. Maxpanda Technologies, based in Canada, is recognized for providing advanced Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS). This acquisition underscores the commitment of TMA Systems to expand its offerings and enhance its market position through strategic partnerships and acquisitions.
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
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
The countries covered in the computerized maintenance management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The computerized maintenance management system market includes revenues earned by entities through preventive maintenance, predictive maintenance, labor and equipment management, scheduling and planning, inventory control, and work order management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Computerized Maintenance Management System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on computerized maintenance management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for computerized maintenance management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The computerized maintenance management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.