COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

Factors Driving Growth of the Global Computerized Maintenance Management System Market

Increasing requirement of a centralized platform for managing all the tasks of organizations related to assets is expected to boost demand for computerized maintenance management systems over the forecast period. Computerized maintenance management system increases asset visibility by centrally managing all the information of all the assets, workflow visibility through dashboards, automating manual tasks such as ordering parts, replenishing MRO inventory, scheduling shifts, and compiling information.

The cloud-based CMMS system eliminates the need for hardware and software investment and provides flexibility and agility to the user. However, data security is one of the major concerns for any company if they want to shift to cloud-based technology. For instance, according to Coherent Market Insights’ analysis, in 2018, around 72% of enterprises across the globe had at least one application or a portion of their enterprise computing infrastructure on the cloud.

Computerized maintenance management system stores asset information such as model or serial number, location, downtime statistics, associated documents, repair manuals, and safety procedures. In addition to this, CMMS software stores information related to work order management such as work order number, order type, and description of work order, which further helps an organization to effectively manage all the assets.

The major restraint for computerized maintenance management systems is the issue of data security. Companies are concerned about the security of sensitive information when shifting to a cloud-based technology. Ensuring robust cybersecurity measures is essential to mitigate these concerns.