04-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Work Order Management System Market By Component (Solution and Services), By Deployment (Cloud and On-Premises), By Platform (Mac OS & IOS, Linux, and Windows), and By Vertical (BFSI, Construction & Real Estate, Retail & E-Commerce, Energy & Utilities, Healthcare & Life Sciences, Manufacturing, IT & Telecom, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global work order management system market was USD 669.11 million in 2023 and is expected to reach approximately USD 2590.38 Million By 2032, at a CAGR of slightly above 16.23% between 2024 and 2032.
Work order management system handles entire in-demand tasks automatically, such as updating requests, creating, and submitting the required forms. The emerging adoption of advanced technologies, such as IoT, Artificial Intelligence, and Industry 4.0, is positively impacting and accelerating the worldwide market demand for work order management systems.
Browse the full “Work Order Management System Market By Component (Solution and Services), By Deployment (Cloud and On-Premises), By Platform (Mac OS & IOS, Linux, and Windows), and By Vertical (BFSI, Construction & Real Estate, Retail & E-Commerce, Energy & Utilities, Healthcare & Life Sciences, Manufacturing, IT & Telecom, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/work-order-management-system-market
Work order management software systems play a vital role in numerous organizations for managing order and central tracking, thereby driving the overall work order management system market. Work order management system is currently trending worldwide, due to its rising demand by numerous enterprises for management and tracking work orders. The work order management system market is flourishing due to the systems various benefits like tracking work completion rate, the option of creating work orders, employee’s leave feedback, and real-time status updates. Another prominent factor attracting customers is the rising need for simplified work order allocation for exemplary project executions. However, the absence of expertise field workers that are qualified enough to utilize work order management systems may hinder the work order management system market growth to some extent. Moreover, the exponential digital transition from traditional manual work handling methods to software solutions is forecasted to result in lucrative market opportunities.
The work order management system market is categorized based on component, deployment, platform, and vertical. The component segment includes solution and services. The services segment is anticipated to grow rapidly over the forecast period. The service segment is majorly classified into professional and managed services and basically includes various services involved after adoption or installation of work order management systems. The deployment segment is classified into the cloud and on-premises. Many organizations globally prefer cloud-based deployment over on-premises solutions. Cloud-based solutions not only facilitate ease of access but also help in the reduction of operational and capital expenses. Based on the platform, the market includes Windows, Linux, and Mac OS and IOS. Windows is observed to be the most used operating platform and holds the largest market share as compared to other operating platforms. By vertical, the market comprises construction and real estate, BFSI, retail and e-commerce, transportation and logistics, energy and utilities, manufacturing, IT and telecom, healthcare and life sciences, and others.
North America significantly dominates the work order management system market, due to the regional presence of leading market players and many organizations are substantially investing in work processes improvisation. Numerous large-scale companies in the U.S. and Canada are highly concerned for quality work process and rapidly adopting work order management solutions.
Some key participants operating in the work order management system market are Infor, IBM, Oracle, Fingent Corporation, Innovapptive, Corrigo Incorporated, Maintenance Connection, Fieldpoint Service Applications, Microsoft, ServiceNow, Fluke Corporation, IFS Linkoping, Hippo CMMS, ClickSoftware, Coresystems, MEX, ServicePower, Astea International, Loc8.com, Sockeye Technologies, ServiceChannel, ServiceMax, FieldEZ, and FieldAware.
This report segments the global work order management system market into:
Work Order Management System Market: Component Analysis
Work Order Management System Market: Deployment Analysis
Work Order Management System Market: Platform Analysis
Work Order Management System Market: Vertical Analysis
Work Order Management System Market: Regional Analysis
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