Maintenance Management Software Market Spike - MM AB

Maintenance software has helped businesses and industries to improve the performance and
efficiency of their maintenance operations. Instead of spending a lot of time writing manually
and filing reports, finding work requests, servicing warranties and searching for old records,
computerized maintenance management systems (CMMS) stores all maintenance information in
a searchable, well-organized database. It manages all maintenance operations including
inventory, equipment and maintenance teams.

Need for CMMS

Regardless of the system’s vendor or brand, CMMS is a crucial digital platform for any business
with high stakes maintenance practices. Small and large businesses alike benefit from CMMS in
the following aspects:

• Preventive Maintenance

Any business that operates with heavy machinery knows how important it is to perform
preventive maintenance. A CMMS will schedule regular preventive maintenance for all
equipment as needed. It is also able to detect any issues that may arise and alert you before it
escalates into a problem.

• Work Order Management

Maintenance software organizes and stores all your work orders digitally, so you do not have to
lose track of them. Once you log in, you can see every detail of your work orders including those
that are yet to be done, those in progress and those that have been completed. You are also able
to track your maintenance team's performance since it will show who is responsible for which
job.
• Mobile Access

With a cloud-based CMMS, you can access your CMMS whenever you are on your mobile
phone. This comes in handy for maintenance managers working in more than one facility or
those that are constantly traveling. Remote access allows you to update work orders and give
essential notes to your team without having to be present at the facility.

• Asset and Inventory Management

A CMMS tracks and stores all data related to your assets including purchase dates, expected
lifetime, warranty information and service history. This information places you in a better
position to predict and plan your maintenance and replacement schedules. The inventory
management features of a CMMS manage spare parts and ensures you do not run out of them
just when you need to replace a vital part.

Top trends and statistics in CMMS

The CMMS market has grown exponentially since 2014 in the Americas, EMEA, and APAC
regions respectively; with research analytics forecasting a global market expansion of USD 6.2
billion by 2022. However, during this period, Technavio predict that the APAC region will
register the most growth followed closely by EMEA.

• CMMS Mobile App

CMMS mobile app makes tracking of work orders and reporting easier and more convenient. It
also reduces data entry expenses by at least 40%. A 2018 survey by Limble on CMMS and
maintenance found that 27% of the respondents were planning to invest in CMMS mobile.

• Industrial Internet of Things

IIoT has seen increased popularity and grown its potential in the last couple of years. This is
because it has helped companies reduce downtime and increase customer satisfaction by
delivering updates and performance insights in real-time. 32% of respondents in the 2018 Limble
survey were convinced that IIoT is going to improve maintenance operations significantly.

• Cloud

There has been an increasing demand in need for flexibility and control. Cloud-based systems
provide CMMS applications whenever you are, around the clock. This gives you the flexibility to
manage your maintenance systems remotely. With the current rise in the use of cloud-based
applications, remote CMMS systems are likely to grow in popularity and market share.

https://www.businesswire.com/news/home/20181001005501/en/Global-Industrial-Maintenance-
Management-Software-Market-2018-2022

http://www.abnewswire.com/pressreleases/computerized-maintenance-management-system-
cmms-software-market-segmentation-application-trends-opportunity-forecast-2018-to-
2022_239449.html