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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 (CMMS) 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 (CMMS) 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 (CMMS) around the globe. Furthermore, the need to maximize productivity and improve inventory management is projected to fuel the demand for computerized maintenance management solutions (CMMS) globally. Moreover, computerized maintenance management solutions (CMMS) 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 (CMMS) market in the next few years.

The global computerized maintenance management solutions (CMMS) 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 (CMMS) market can be segmented into North America, Middle East & Africa, Europe, South America, and Asia Pacific. The computerized maintenance management solutions (CMMS) 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 (CMMS) in countries such as India, China, and Japan. Furthermore, growing awareness among end-users about computerized maintenance management solutions (CMMS) are expected to create new opportunities for the market in Asia Pacific.

Major players operating in the global computerized maintenance management solutions (CMMS) 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Computerized Maintenance Management Solutions Market

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