United States CMMS Software Market Growth, Size, Trends, Demand, Revenue and Future Outlook
United States CMMS Software Market Size- By Type, By Organization Size, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: IACT2499 | Pages: 1 - 105 | Formats*: |
| Category : Information & Communications Technology | |||
United States CMMS Software Market Introduction and Overview
According to SPER Market Research, the United States CMMS Software Market is estimated to reach USD 801.25 million by 2033 with a CAGR of 8.83%.
The report includes an in-depth analysis of the United States CMMS Software Market, including market size and trends, product mix, Applications, and supplier analysis. A computer database of data is maintained for the organization's maintenance activities using a software package known as a computerized maintenance management system (CMMS). It improves the availability and use of tangible equipment, such as machinery, transportation, communications, plant infrastructure, and other resources. Moreover, CMMS systems, also known as computerized maintenance management information systems or CMMIS, are found in the production of electricity, oil and gas, manufacturing, construction, transportation, and other industries where the real basis is fundamental. A CMMS also considers record keeping, which enables efficient and economical tracking of assigned and completed activities.
- In November 2020: Rockwell Automation purchased Fiix Inc., an AI-enabled Computerized Maintenance Management System (CMMS) company situated in Toronto, Ontario, Canada. The software improves capabilities in the company's lifecycle services division, which offers a comprehensive suite of industrial automation services to assist customers in maximizing the value of their production assets, systems, plants, and processes.
- In March 2020: KNAPP introduced their redPILOT Computerized Maintenance Management System (CMMS) to the North American market. The software uses big data, predictive modeling and analytics, IoT technologies, and artificial intelligence (AI) to provide supply chain managers and leaders with actionable insights. The software can be built as a module within the redPILOT Control Tower application or as a standalone application.
Market Opportunities and Challenges
Opportunities: Demand for computerized maintenance management systems is expected to expand throughout the forecast period, driven by the growing requirement for a single platform to manage all of an organization's asset-related tasks. Computerised maintenance management systems improve asset visibility by centralising all asset information, offering workflow visibility via dashboards, and automating manual tasks such as part purchasing, MRO inventory replenishing, shift scheduling, and data aggregation. Furthermore, the cloud-based CMMS system allows customers to be flexible and agile without having to invest in hardware and software. However, if a company wishes to transition to cloud-based technology, data security is one of their primary concerns. According to one study, 72% of firms globally have at least one application or component of their enterprise computer infrastructure hosted in the cloud. These factors are expected to drive the computerized maintenance management system (CMMS) software market.
Challenges: Customization and security costs are two downsides of cloud-hosted CMMS. Adapting the CMMS to a company's needs is often simple, although not always, by adding or removing modules or connecting to other integrated systems. The costs of doing so can quickly build up. Data is routinely transported to and from the cloud, which increases the chances of compromise in terms of security. These security concerns are usually overstated. Despite the opinion that cloud software is a security issue, most CMMS vendors have the resources and influence to keep their systems secure. There is no local data to steal, and security patches are frequently issued to the software. These factors are expected to limit the growth of CMMS software.
Market Competitive Landscape
The market analysis also includes a part dedicated specifically to such significant players, in which our experts provide insights into all of the main players' financial statements, as well as product benchmarking and SWOT analysis. The competitive landscape section also contains important development strategies, market share, and market ranking analysis for the aforementioned competitors worldwide. The market's leading players are UpKeep Technologies, Inc, EZmaintain, MATE PCS LLC, Utility Cloud, and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Organization Size, By Application |
| Regions covered | West United States, East United States, North United States, South United States |
| Companies Covered | UpKeep Technologies, Inc, EZmaintain, MATE PCS LLC, Utility Cloud. |
COVID-19 Impact on United States CMMS Software Market
The US market for CMMS software has been significantly impacted by the COVID-19 epidemic. Although the pandemic's early stages caused disruptions in a number of industries, such as manufacturing, healthcare, and transportation, they also highlighted how crucial effective maintenance management is. The need for CMMS software solutions developed as a result of the necessity of maintaining vital equipment, guaranteeing worker safety, and adjusting to new operational issues. Preventive maintenance tactics were backed by CMMS software, which also made it possible for teams to collaborate virtually and view maintenance data remotely. The pandemic hastened the integration of mobile applications for remote maintenance management and the use of cloud-based CMMS systems.
Key Target Audience:
- Educational Institutions
- Facility Managers
- Healthcare Facilities
- Hospitality Industry
- Manufacturing Companies
- Property Management Firms
- Utilities and Energy companies
Our in-depth analysis of the United States CMMS Software Market includes the following segments:
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Key Topics Covered in the Report:
- United States CMMS Software Market Size (FY’2024-FY’2033)
- Overview of United States CMMS Software Market
- Segmentation of United States CMMS Software Market By Type (Cloud-Based, Web-based)
- Segmentation of United States CMMS Software Market By Organization Size (Small Businesses, Midsized Businesses, Large Businesses)
- Segmentation of United States CMMS Software Market By Application (Healthcare, Education & Government, Corporate Real Estate, Industrial & Manufacturing, Aerospace, Others)
- Statistical Snap of United States CMMS Software Market
- Expansion Analysis of United States CMMS Software Market
- Problems and Obstacles in United States CMMS Software Market
- Competitive Landscape in the United States CMMS Software Market
- Impact of COVID-19 and Demonetization on United States CMMS Software Market
- Details on Current Investment in United States CMMS Software Market
- Competitive Analysis of United States CMMS Software Market
- Prominent Players in the United States CMMS Software Market
- SWOT Analysis of United States CMMS Software Market
- United States CMMS Software Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States CMMS Software Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States CMMS Software Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States CMMS Software Market
7. United States CMMS Software Market, By Type (USD Million) 2020-2033
7.1. United States CMMS Software Market Size, Share and Forecast, By Type, 2020-20267.2. United States CMMS Software Market Size, Share and Forecast, By Type, 2027-20337.3. Cloud-Based7.4. Web-based
8. United States CMMS Software Market, By Organization Size (USD Million) 2020-2033
8.1. United States CMMS Software Market Size, Share and Forecast, By Organization Size, 2020-20268.2. United States CMMS Software Market Size, Share and Forecast, By Organization Size, 2027-20338.3. Small Businesses8.4. Midsized Businesses8.5. Large Businesses
9. United States CMMS Software Market, By Application (USD Million) 2020-2033
9.1. United States CMMS Software Market Size, Share and Forecast, By Application, 2020-20269.2. United States CMMS Software Market Size, Share and Forecast, By Application, 2027-20339.3. Healthcare9.4. Education & Government9.5. Corporate Real Estate9.6. Industrial & Manufacturing9.7. Aerospace
9.8. Others
10. United States CMMS Software Market Forecast, 2020-2033 (USD Million)
10.1. United States CMMS Software Market Size and Market Share
11. United States CMMS Software Market, By Region, 2020-2033 (USD Million)
11.1. United States CMMS Software Market Size and Market Share By Region (2020-2026)11.2. United States CMMS Software Market Size and Market Share By Region (2027-2033)11.3. West United States11.4. East United States11.5. North United States11.6. South United States
12. Company Profile
12.1. UpKeep Technologies, Inc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. EZmaintain12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. MATE PCS LLC12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Utility Cloud12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Others
13. Conclusion
14. List of Abbreviation
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States CMMS Software Market is projected to reach USD 801.25 million by 2033, growing at a CAGR of 8.83% during the forecast period.
United States CMMS Software Market size from 2022. The Market is expected to reach USD 801.25 million by 2033, at a CAGR of 8.83% during the forecast period.
United States CMMS Software Market CAGR of 8.83% during the forecast period.
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United States CMMS Software Market size is 801.25 million from 2024 to 2033.
United States CMMS Software Market Segment is covered By Type, By Organization Size, By Application.
The North America anticipated to have the highest market share in the United States CMMS Software Market.
"The key players in the market include Companies Covered UpKeep Technologies, Inc, EZmaintain, MATE PCS LLC, Utility Cloud.
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A CMMS also considers record keeping, which enables efficient and economical tracking of assigned and completed activities.
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