Dublin, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The "Computerized Maintenance Management System Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Global Industry Analysis Uncovers Rapid Expansion in Healthcare Sector CMMS Solutions
Recent market research has unveiled significant insights into the rapidly growing computerized maintenance management system (CMMS) market. Industry leaders and stakeholders stand to benefit from a comprehensive view provided by the latest report, which encompasses market size, regional shares, competitive landscape, and potential market trends influencing the industry.
The CMMS market size, which reached $1.23 billion in 2023, is forecasted to grow to $1.35 billion by 2024. This demonstrates a remarkable compound annual growth rate of 10.3%. Key factors driving this expansion include the broad adoption of preventive maintenance strategies, the increasing complexity of equipment, and the need for scalable solutions compliant with regulatory standards.
North America Leads Regional Market Share with Notable Infrastructure Investments
In terms of regional markets, North America has been identified as the dominant player in 2023, largely due to its investments in infrastructure which are bolstered by legislative measures such as the Infrastructure Investment and Jobs Act. These initiatives not only renew essential public services but also offer a fertile environment for the application and growth of CMMS technologies.
Technological Innovations Solidify Market Position of Industry Pioneers
Year 2023 marked innovative strides by leading CMMS providers, who have readily integrated new technologies to address evolving market demands. March 2023 observed TMA Systems fortifying its market position by acquiring Maxpanda Technologies, a move indicative of the strategic alliances shaping the market landscape. Similarly, the introduction of advanced healthcare-targeted CMMS solutions emphasizes the sector-specific tailoring that is crucial for technological uptake in specialized industries.
Key findings in the report also highlight the potential impact of technological integration such as the Internet of Things (IoT), artificial intelligence, and mobile applications in maintenance operations. These developments aim to aid organizations in optimizing their asset management and maintenance processes through innovative and user-friendly solutions.
CMMS solutions are increasingly deployed through cloud-based platforms, ensuring comprehensive asset management, work order organization, and preventive maintenance scheduling suitable for a wide range of industries including manufacturing, healthcare, and government sectors.
The comprehensive market research report promises an in-depth analysis of the computerized maintenance management system industry, showcasing the market's current status and anticipating its future trajectory. Its revelations affirm the market's progressive nature as driven by technological innovation and strategic enterprise activities.
- Projected CMMS market growth to $2.02 billion by 2028
- Emergence and adoption of mobile CMMS applications
- Increased focus on sustainability and energy management
- Strategic mergers & acquisitions shaping competitive landscape
- Technological advancements enhancing maintenance operations
Market participants can glean a strategic advantage from the research's extensive market analysis, ensuring a well-informed approach to future endeavors in the thriving computerized maintenance management system landscape.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/ibzvp4
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