Computerized Maintenance Management System Global Market Report 2024

The computerized maintenance management system market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historic period can be linked to several factors, including the adoption of preventive maintenance strategies, the need for effective asset management, the growing complexity of equipment, the necessity to comply with regulatory standards, and the requirement for scalable solutions. These elements collectively contributed to the expansion and adoption of Computerized Maintenance Management Systems (CMMS).

The computerized maintenance management system market size is expected to see rapid growth in the next few years. It will grow to $2.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The projected growth in the forecast period is expected to be fueled by a heightened focus on energy management, the emergence of mobile CMMS applications, the integration of big data analytics in maintenance operations, increased demand for CMMS integration with ERP systems, and a growing regulatory emphasis on sustainability practices. Key trends in this period are anticipated to involve the adoption of cloud-based CMMS solutions, integration with IoT devices, technological advancements in maintenance processes, AI-driven maintenance planning, and a focus on user-friendly interfaces and experiences.

The expansion of small enterprises is anticipated to be a driving force behind the growth of the computerized maintenance management system (CMMS) market. Small enterprises, characterized by limited employee numbers, find value in adopting CMMS to facilitate the efficient operation of their businesses. CMMS aids small enterprises in tracking maintenance activities, scheduling preventive maintenance, managing inventory, tracking assets, and handling purchasing processes. For example, as of 2022, the Small Business Administration (SBA), a US government agency, reported a total of 33.2 million small businesses in the United States, constituting 99.9 percent of all businesses in the country. The proliferation of small enterprises is consequently contributing to the expansion of the computerized maintenance management system market.

The upward trajectory of investments in infrastructure projects is poised to fuel the growth of the computerized maintenance management system market. Infrastructure investments involve the allocation of financial resources for the development, enhancement, and maintenance of essential physical structures and facilities that support economic activities and public services. CMMS plays a pivotal role in infrastructure management, enabling organizations to effectively manage assets, implement preventive maintenance strategies, optimize inventory, streamline work order management, and ensure compliance and safety. As an illustration, in November 2021, the Infrastructure Investment and Jobs Act was approved by the US Congress and signed by President Biden, allocating $550 billion in new spending over five years for the restoration of roads, bridges, railroads, airports, high-speed internet access, and initiatives to combat climate change. This substantial investment in infrastructure projects is contributing to the growth of the computerized maintenance management system market.

A noteworthy trend in the computerized maintenance management system market is the adoption of technological advancements by major industry players. Leading companies in the CMMS market are embracing new technologies to fortify their market positions. For instance, in November 2021, Facilio, Inc., a US-based company specializing in real-time facilities operations and maintenance, introduced a connected CMMS designed to streamline operations, reduce costs, and adapt to evolving client demands. This connected CMMS software platform integrates workflows for asset performance, client engagement, vendor management, workplace management, property maintenance, and IoT data, providing businesses with comprehensive tools to enhance operational efficiency and address changing market demands.\

Key players in the computerized maintenance management system (CMMS) market are strategically launching innovative solutions, particularly advanced tools tailored for the healthcare sector, to streamline operations and enhance their competitive position. These next-gen healthcare CMMS tools are crafted to offer comprehensive maintenance management solutions that cater to the specific needs and regulatory requirements of the healthcare industry. For instance, in June 2023, EQ2 LLC, a prominent US-based provider of healthcare CMMS software, unveiled HEMS (Hospital Equipment Management System) One CMMS. This tool boasts a rich set of features designed to empower facilities, biomedical teams, and healthcare technology management (HTM) teams, enabling them to work more efficiently and save time. HEMS One prioritizes flexibility, rapid processing, and robust, user-friendly dashboards in its design. Notably, it seamlessly interfaces with a wide array of third-party programs, eliminating the need for hospitals to invest in separate third-party platforms.

In March 2023, TMA Systems, a leading US-based software company, executed the acquisition of Maxpanda Technologies for an undisclosed sum. This strategic move by TMA Systems is aimed at fortifying its portfolio in maintenance management solutions, catering to companies of various sizes and positioning itself for a competitive advantage in the market. Maxpanda Technologies, based in Canada, is recognized for providing advanced Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS). This acquisition underscores the commitment of TMA Systems to expand its offerings and enhance its market position through strategic partnerships and acquisitions.

Major companies operating in the computerized maintenance management system market report are 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.

North America was the dominating region in the computerized maintenance management system market in 2023. 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. The countries covered in the computerized maintenance management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These systems can be deployed via cloud or on-premise solutions. Cloud-based CMMS operates through global data centers housing servers, providing continuous monitoring, work order generation, and asset management for streamlined operations within an organization. These systems cater to diverse enterprises, including large corporations and small to medium-sized businesses (SMEs). CMMS software serves various purposes such as asset management, work order organization, inventory management, preventive maintenance scheduling, and is utilized across industries such as manufacturing, facility management, healthcare, education, government, among others.

The computerized maintenance management system market research report is one of a series of new reports that provides computerized maintenance management system market statistics, including computerized maintenance management system industry global market size, regional shares, competitors with a computerized maintenance management system market share, detailed computerized maintenance management system market segments, market trends and opportunities, and any further data you may need to thrive in the computerized maintenance management system industry. This computerized maintenance management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.