Soaring Demand Set to Propel Computerized Maintenance Management System Market to $2.24 Billion by 2029

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What Is the Expected CAGR for the Computerized Maintenance Management System Market Through 2025?
The market for computerized maintenance management systems has experienced significant expansion in the recent past. The market, which was valued at $1.32 billion in 2024, is forecasted to escalate to $1.44 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The historical growth can be traced back to the implementation of preventive maintenance strategies, the need for asset management, heightened complexity of machinery, demands for regulatory compliance, and scalability necessities.

What's the Projected Size of the Global Computerized Maintenance Management System Market by 2029?
The market size for the computerized maintenance management system is predicted to experience a sharp increase in the coming years, expecting to reach $2.24 billion in 2029, with a compound annual growth rate (CAGR) of 11.7%. The expected growth in the forecast period can be credited to the focus on energy management, mobile CMMS applications, application of big data analytics in maintenance, the need for integration with ERP systems, and an emphasis on regulatory sustainability. The anticipated trends during this period include CMMS solutions based on the cloud, integration with IoT devices, advancements in maintenance technology, AI-driven maintenance planning, and a user-centric interface and experience.

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Top Growth Drivers in the Computerized Maintenance Management System Industry: What's Accelerating the Market?
The expansion of small businesses is predicted to boost advancements in the computerized maintenance management system market. The term "small businesses" refers to business owners with a limited workforce who are involved in manufacturing. To accelerate their new businesses and minimize some risks and uncertainties that come with initiating a company, small businesses need a computerized maintenance management system. This system facilitates maintenance tracking, scheduled preventive maintenance, inventory control, asset management, and procurement, all crucial for efficient business operations. For example, the Small Business Administration (SBA), a government agency in the US, reported that there are 33.2 million small businesses in the US as of 2022. These small businesses make up 99.9 percent of all businesses in the US. Consequently, the rise of small businesses fuels the expansion of the computerized maintenance management system market.

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What Trends Will Shape the Computerized Maintenance Management System Market Through 2029 and Beyond?
The rise in technological innovation is a prominent trend being observed in the computerized maintenance management system market. Notable companies in this market are using cutting-edge technologies to maintain market standing. To illustrate, TMA Systems LLC, a software company based in the US, unveiled an enhanced version of Eagle CMMS, a computerized maintenance management platform adaptable for businesses of diverse sizes, in October 2023. This updated version offers powerful asset management tools while ensuring user-friendliness and rapid integration. With functionalities such as work order management, preventive maintenance, inventory management and asset management, the Eagle CMMS allows for smoother operations, minimization of downtime, cost reduction, and boosted production efficiency. When used alongside WebTMA, TMA's premier enterprise asset management solution, it presents a complete package for facility and asset management.

What Are the Main Segments in the Computerized Maintenance Management System Market?
The computerized maintenance management systemmarket covered in this report is segmented -

1) By Deployment Type: Cloud, On-premise
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Management, Workorder Management, Inventory Management, Preventive Maintenance, Other Applications
4) By End-Use: Manufacturing, Facility Management, Healare, Education, Government, Other End Uses

Subsegments:
1) By Cloud: Software As A Service (SaaS), Subscription-Based Models, Multi-Tenant Architecture
2) By On-Premise: Licensed Software, Single-Tenant Architecture, Customizable Solutions

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Which Top Companies are Driving Growth in the Computerized Maintenance Management System Market?
Major companies operating in the computerized maintenance management system market include 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

Which Regions Will Dominate the Computerized Maintenance Management System Market Through 2029?
North America was the dominating region in the computerized maintenance management system market in 2024. The regions covered in the computerized maintenance management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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