Computerized Maintenance Management Solutions Market

Computerized Maintenance Management Solutions Market is Driven By Increase In The
Number Of Organizations
Data maintenance is important to any organization. Previously, maintenance data was stored on
paper which was a time consuming and monotonous process. Computerized maintenance
management solutions came into existence with the advancement in technologies. Computerized
maintenance management solutions are also known as enterprise asset management. A
computerized maintenance management solution is a computer software developed to simplify
maintenance management of any organization. Computerized maintenance management
solutions are used to maintain the assets during their life cycle life. This solution tracks all the
processes which include maintenance, customer service requests, operational performance, and
warehouse inventory in one place. Computerized maintenance management solutions are used
for tracking work orders, scheduling tasks, dealing with external work requests, recording asset
history, managing inventory, and audit and certification. These solutions generate or maintain
electronic database of operations and accelerate work order completion rate, extend the service
life of assets, increase worker productivity, eliminates paperwork, reduces overtime, and
improves accountability and equipment reliability.
The global computerized maintenance management solutions market is driven by increase in the
number of organizations, and rising demand for enhanced maintenance of operations. Rise in
adoption of cloud/web-based technologies is another key factor propelling the computerized
maintenance management solutions market globally. This is primarily because cloud-based
solutions provide real-time visibility and enhance work order management. Additionally,
increase in demand for reducing equipment downtime and maintenance costs is anticipated to
boost the demand for computerized maintenance management solutions around the globe.
Furthermore, the need to maximize productivity and improve inventory management is projected
to fuel the demand for computerized maintenance management solutions globally. Moreover,
computerized maintenance management solutions support multi-language capabilities and
provide better accountability, which is anticipated to drive the market growth in the near future.
However, poor upgrade capability and lack of trained professionals is expected to restrict the
growth of the market. Rise in adoption of predictive maintenance and cloud-based solutions
among organizations due to their time-effectiveness are projected to create new opportunities for
the computerized maintenance management solutions market in the next few years.
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The global computerized maintenance management solutions market can be segmented based on
component, deployment, enterprise size, maintenance type, application, and geography. In terms
of component, the market can be bifurcated into solutions and services. The services segment can
be divided into training services and implementation services. Based on deployment, the market
can be segmented into on-premise and cloud-based. In terms of enterprise size, the market can be
categorized into small and medium enterprises and large enterprises. Based on maintenance type,
the market is classified into production maintenance, facility maintenance, fleet maintenance,
and linear asset maintenance. In terms of application, the market can be classified into work
orders tracking, maintenance activities scheduling, monitoring, and control maintenance.
In terms of geography, the global computerized maintenance management solutions market can
be segmented into North America, Middle East & Africa, Europe, South America, and Asia
Pacific. The computerized maintenance management solutions market in North America is
anticipated to grow rapidly during the forecast period. Presence of established vendors in the
region is expected to drive the market in North America. The market in Asia Pacific is projected
to expand at a healthy CAGR during the forecast period. This is likely due to growing demand
for computerized maintenance management solutions in countries such as India, China, and
Japan. Furthermore, growing awareness among end-users about computerized maintenance
management solutions are expected to create new opportunities for the market in Asia Pacific.
Major players operating in the global computerized maintenance management solutions market
include Fiix Inc., NexGen Inc., Mapcon Technologies, Inc. MicroMain Corporation, Infor, Inc.,
ServiceChannel, Inc., IBM Corporation, eMaint Enterprises, LLC, mPulse Mobile Inc., Hippo
CMMS, and Dude Solutions, Inc.

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