Global Preventive Maintenance Software Market 2017-2021

Global preventive maintenance software market overview

The preventive maintenance software and computerized maintenance management system (CMMS) is used by many companies today to monitor and analyze their maintenance operations since they are required to meet industry-specific regulations enforced by government agencies such as Occupational Safety and Health Administration (OSHA). The preventive maintenance software generates reports that can be used to preserve equipment reliability by tracking equipment condition and replacing worn components before they fail as it provides summary data, charts and graphs, and high configurability.

This market research analysis identifies the increased demand for maintenance reports as one of the primary factors for the growth of the preventive maintenance software market size. Market research analysts at Technavio predict that the global preventive maintenance software market will grow steadily during the next four years and post a CAGR of over 8% by 2021. 

The preventive maintenance software market trends

One of the latest trends that will gain traction in the preventive maintenance software market in the coming years is the emergence of Internet of Things (IoT) in preventive maintenance. IoT helps create smart communication environment such as smart cars, smart homes, smart transportation, and smart healthcare. The development of smart connected devices has increased due to the emergence of IoT. Smart connected devices include portable navigation devices and imaging devices with cellular connections and these devices provide information about machines and their working conditions.

Competitive landscape and key vendor

Due to the presence of several large and small scale vendors, this market appears to be highly fragmented. To increase their product base, improve their market presence, and enhance their reach, the large vendors are adopting M&A strategies and are acquiring smaller companies. This will also help the large companies acquire advanced technologies and provide an opportunity to enter new markets.

The leading vendors in the market are -

• Dude Solutions
• ManagerPlus
• eMaint
• Maintenance Connection

The other prominent vendors in the market include IQMS, Argos, AssetPoint, Building Engines, Corrigo, CWORKS, CyberMetrics, DPSI, FacilityONE, FMX, Hippo CMMS Software, Infor, Maintenance Assistant, Maintenance Care, MAPCON Technologies, Maxpanda, MicroMain, MPulse Maintenance Software, Smartware Group, and TechWare.

Segmentation by deployment and the preventive maintenance software market analysis

• On-premises
• Cloud-based

The on-premises preventive maintenance solution offers features such as reporting, forecasting, budgeting, scheduling management, maintenance management, and work order management. According to this market research and analysis, the on-premises segment accounted for the major shares and dominated the preventive maintenance software market during 2016.

Geographical segmentation and the preventive maintenance software market analysis

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the preventive maintenance software market by 2021. The demand for preventive maintenance in industries such as manufacturing, healthcare, and aerospace, drives the market’s growth in this region. Organizations in this region are adopting preventive maintenance software as it provides integrated solutions like asset management, preventive maintenance, work order management, and inventory control and also facilitates organizations to efficiently manage maintenance operations.

Key questions answered in the report include

• What will the preventive maintenance software market size and the growth rate be in 2021?
• What are the key factors driving the global preventive maintenance software market?
• What are the key market trends impacting the growth of the global preventive maintenance software market?
• What are the challenges to the preventive maintenance software market growth?
• Who are the key vendors in the global preventive maintenance software market?
• What are the market opportunities and threats faced by the vendors in the global preventive maintenance software market?
• Trending factors influencing the preventive maintenance software market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global preventive maintenance software market?

Technavio also offers customization on reports based on specific client requirement.