The software prevents machines & equipment from failure and breakdown. The software captures small repairs that would otherwise go unnoticed and enables maintenance tasks to be properly scheduled, assigned, and prioritized before any major failure occurs.ĬMMS software provides assistance in manufacturing plants. A CMMS software enable balancing the resources and maintaining the maintenance costs so that maintenance backlog doesn’t get out of hand. The computerized maintenance management system (CMMS) market is estimated to rise at 8.8% CAGR between 20 in comparison with 6.6% CAGR registered during 2017-2021. CMMS is used in managing and maintenance of equipment and machinery.Ģ017-2021 Computerized Maintenance Management System (CMMS) Market Outlook Compared To 2022-2032 Forecast EAM helps in complete asset lifecycle management which includes operations, procurement, planning, and disposal of assets. Preventive maintenance scheduling, inventory management, maintenance expense record keeping, work requests and work order management, audit and compliance record management are processes automated by CMMS solution.ĬMMS and enterprise asset management (EAM) are both asset management or maintenance systems. The increasing demand for CMMS software among small and mid-sized businesses and rising adoption of CMMS software in energy and utilities sector has increased the demand for CMMS. The CMMS market contributes 20% in the global asset management market. The CMMS market is expected to reach ~US$ 3,816.6 Mn by 2032, growing at a CAGR of 8.8% for 2022 – 32.īase year (2021) Computerized Maintenance Management System Market ValueĬomputerized Maintenance Management System Market Projected year (2032) Value The computerized maintenance management system (CMMS) market revenue totaled ~US$ 1,526.3 Mn in 2021. Computerized Maintenance Management System Market Outlook – 2022-2032
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