Computerized Maintenance Management System Market Trend, Share, Growth, Size and Forecast 2030

Computerized Maintenance Management System Industry Prospective:

The global computerized maintenance management system market size was worth around USD 1300 million in 2022 and is predicted to grow to around USD 2600 million by 2030 with a compound annual growth rate (CAGR) of roughly 9.5% between 2023 and 2030.    

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Computerized Maintenance Management System Market: Overview

A digital database called a computerized maintenance management system, or CMMS is used to monitor operational assets in a manufacturing facility. The production equipment in a plant and the maintenance duties necessary to keep it in good working order are the main subjects of CMMS software. It is intended to keep machinery from breaking down and assist plant staff in quickly and effectively handling malfunctions. Machine downtime reduction is the goal of CMMS software. A manufacturing plant's bottom line is eventually impacted by output losses caused by malfunctioning machinery. The data that maintenance teams use to plan efficiently and make wiser decisions on the factory floor is supplied by CMMS maintenance software.

Key Insights

• As per the analysis shared by our research analyst, the global Computerized Maintenance Management System market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2023-2030).
• In terms of revenue, the global Computerized Maintenance Management System market size was valued at around USD 1300 million in 2022 and is projected to reach USD 2600 million, by 2030.
• The growing demand from the end-use industry is expected to drive the computerized maintenance management system market growth over the forecast period.
• Based on deployment, the on-premise segment is expected to hold the largest market share over the forecast period.
• Based on the enterprise size, the large enterprise segment is expected to dominate the market over the forecast period.
• Based on the end-use, the manufacturing segment is expected to capture a significant market share over the forecast period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Computerized Maintenance Management System Market: Growth Drivers

The rapid adoption of cloud-based CMMS drives the market growth

The rapid adoption of cloud-based CMMS is expected to propel the global computerized maintenance management system market growth during the forecast period. Cloud-based CMMS's market share has grown significantly in recent years. The expansion of cloud-based remote solutions is facilitated by numerous factors. These appealing characteristics include, among many other things, enabling businesses to utilize the software remotely, frequent feature upgrades, speedy setup, no need for internal IT professionals, and minimal initial cost. Furthermore, real-time monitoring is necessary for maintenance, inventory management, and auditing due to the volume of data and assets. For instance, the CMMS vendor Industrial and Financial Systems (IFS) revealed its December 2021 financial results in January 2022. Despite COVID-19, the company's software sales increased by 22% in 2021, with cloud revenue growing at a robust rate of 105% annually.

Computerized Maintenance Management System Market: Restraints

High initial cost and complex integration hamper the market growth

A CMMS's purchase and implementation costs might be an important obstacle for certain firms, especially small and medium-sized enterprises. This covers hardware specifications, software licenses, and staff training expenses. Furthermore, it can be difficult and time-consuming to integrate a CMMS with already existing corporate systems, such as databases or corporate Resource Planning (ERP) software. There may be difficulties in guaranteeing smooth system connectivity and data movement. Thus, this is expected to hamper the computerized maintenance management system industry growth during the forecast period.

Computerized Maintenance Management System Market: Opportunities

Growing product launches offer a lucrative opportunity for market growth

The growing product launches are expected to offer a lucrative opportunity for computerized maintenance management system market growth over the forecast period. For instance, in February 2023, Accruent announced the release of MC Kinetic, a mobile CMMS software designed to improve remote monitoring and function offline. Moreover, in May 2022, the "next generation" product releases of EQ2, LLC, a pioneer in CMMS software for hospital asset management, include four new items for the HEMS® (Hospital Equipment Management System) CMMS line. The EQ2 booth (#519) at the AAMI eXchange will feature demonstrations of the new "HEMS Web," "Project Management," "HEMS Request," and an AutoDesk App. Therefore, this kind of product launch in the industry offers a potential opportunity for revenue increase.

Computerized Maintenance Management System Market: Challenges

Data privacy and security concern poses a challenge to market growth

Sensitive maintenance and equipment data are stored in CMMS systems. It is crucial to ensure data security and privacy, particularly for cloud-based CMMS solutions. Unauthorized access or data breaches may have detrimental effects. For instance, as per the H2 2022 Healthcare Data Breach Report by Critical Insight, there were 28 million individual health records exposed as a result of breaches in the second half of 2022, a 35% increase over the previous year. Thus, the aforementioned stats are expected to pose a major challenge to market growth over the forecast period.

Computerized Maintenance Management System Market: Segmentation

The global Computerized Maintenance Management System industry is segmented based on deployment, enterprise size, end-use, and region.

Based on the deployment, the global market is bifurcated into cloud and on-premise. The on-premise segment is expected to hold the largest market share over the forecast period. High security is ensured by on-premises CMMS systems, which are deployed and maintained on the company's own IT infrastructure. Typically, the on-premise solution just needs a one-time purchase expense and gradually lowers expenditures. On-premises systems are often powered by local servers, allowing for control and modification of speed and providing much-needed flexibility to all types of enterprises.

Based on the enterprise size, the global Computerized Maintenance Management System industry is bifurcated into large enterprises and SMEs. The large enterprises segment is expected to dominate the market over the forecast period. For large businesses to handle preventative maintenance on anything from industrial machinery to warehousing equipment, CMMS solutions are needed. Large companies benefit greatly from CMMS implementation since downtime may be quite costly for them. Because the Computerized Maintenance Management System (CMMS) software may be built in several languages, it can be placed at various locations within a major organization. To satisfy client and customer needs on time, large organizations may find that inventory maintenance is essential. Thus, large companies may automatically manage and track their inventory with the use of CMMS software.

Based on the end-use, the computerized maintenance management system market is bifurcated into manufacturing, facility management, healthcare, education, government, and others. The manufacturing segment is expected to capture a significant market share over the forecast period. The manufacturing sectors benefit from the CMMS software's support of preventative maintenance techniques and reduction of machinery downtime during working hours. The program locates data fast, maintains track of assets, and tracks equipment. It helps manufacturing facilities and keeps machinery and equipment from breaking down. To make sure that the right safety protocols are followed and that appropriate compliance is carried out and recorded, a CMMS may be a crucial tool.

Computerized Maintenance Management System Market: Report Scope

Computerized Maintenance Management System Market: Regional Analysis

North America is expected to dominate the market over the projected period

North America is expected to dominate the global computerized maintenance management system market over the projected period. As a result of growing technical developments and the presence of well-known CMMS software suppliers, the proliferation of small and startup manufacturing centers throughout the area is anticipated to propel the market. Furthermore, new-age technologies that are just starting to emerge—like cloud, edge, IoT, analytics, and AI—are crucial to the expansion of CMMS. The region's enterprises have adopted CMMS due to the growing complexity of managing workloads and applications manually resulting from the growing use of cloud technologies and data volumes. Additionally, the end-user industries of oil and gas companies have increased their demand for CMMS.

On the other hand, the Asia Pacific is expected to grow at the highest CAGR over the forecast period as a result of Japan, China, and India's increasing need for computerized maintenance management systems (CMMS). Furthermore, governments in several Asia-Pacific nations are consistently prioritizing investments in cloud computing and associated information and communication technologies to facilitate digital transformation across various industries, hence propelling the market's expansion. Additionally, it is anticipated that rising end-user knowledge of computerized maintenance management systems (CMMS) would open up new market prospects in the Asia Pacific.

Computerized Maintenance Management System Market: Competitive Analysis

The global Computerized Maintenance Management System market is dominated by players like:

• MPulse
• CHAMPS Software
• MVP Plant
• Limble CMMS
• eWorkOrders
• Maxpanda
• Maintenance Care
• MaintainX
• MicroMain
• ManWinWin
• MPsoftware
• UpKeep
• Tenna
• Fracttal
• Hippo
• Fiix
• Maintenance Connection
• EZOfficeInventory
• Smartsheet
• IBM
• eMaint
• NEXGEN

The global Computerized Maintenance Management System market is segmented as follows:

By Deployment

• Cloud
• On-premise

By Enterprise Size

• Large Enterprises
• SMEs

By End-use

• Manufacturing
• Facility Management
• Healthcare
• Education
• Government
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa