Market Overview:
The global equipment maintenance systems market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based equipment maintenance systems and the growing need for predictive maintenance in industrial sectors. On the basis of type, the global equipment maintenance systems market is segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This can be attributed to factors such as lower installation and management costs, scalability, and ease of use offered by cloud-based solutions.
Product Definition:
Equipment Maintenance Systems are used to manage the maintenance of equipment. This can include tracking when equipment is due for maintenance, creating work orders for maintenance tasks, and recording the results of completed maintenance tasks. Equipment Maintenance Systems are important because they help ensure that equipment is maintained in a timely and effective manner.
Cloud Based:
Cloud-based solutions are expected to witness significant growth over the forecast period. This can be attributed to factors such as increasing demand for remote access, cost efficiency, and reliability. The shift in trend towards cloud-based solutions is expected to drive market growth over the next six years.
The equipment maintenance systems include software applications.
On-Premises:
On-premises is a term used for software and data that are stored on the end user's system or device. The information can be accessed by the authorized users directly connected to the server or indirectly via network. In other words, it is a self-contained system with all necessary components such as operating systems, applications, data and so on.
Application Insights:
The large enterprises segment dominated the global equipment maintenance systems market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to various factors such as increasing number of large enterprises and growing business activities across developing countries including India, Brazil and others.
For instance, according to a study published by GEMS Institute in 2018, states that nearly 40% of SMEs have reported financial losses due to cyber-attacks which resulted in downtime or disruption of business operations since 2016. Furthermore, another study states that around USD 1 million worth SMEs were subjected to cyber-attacks every single day globally since 2013 till date which amounts up to an annual loss exceeding USD 15 billion for such companies globally.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing government initiatives and investments, technological advancements, and high adoption of EMSs by enterprises. For instance, according to a white paper published by GEMS Industry Association in 2018, more than 80% of manufacturing companies use EMSs for maintenance planning & control (MPC) software; 70% use them for asset management; 60% use them for facilities management; while 30% utilize cloud-based systems.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing demand from SMEs and mid-size enterprises operating within Asia Pacific economies such as China and India. In addition, rising labor costs are projected to spur enterprise mobility solutions across various industries including healthcare & life sciences (HLS), oil & gas (O&G), utilities sector among others which will drive regional growth further.
Growth Factors:
- Increasing demand for equipment maintenance services from the manufacturing sector to ensure optimum performance of machines and reduce downtime
- Proliferation of industrial automation and robotics across various industries, which is resulting in increased need for timely and efficient maintenance of equipment
- Growing popularity of preventive maintenance as a cost-effective way to minimize equipment failures and extend their life cycle
- Rising awareness about the benefits of using Equipment Maintenance Systems among small businesses and startups
- Emergence of cloud-based EMS solutions that offer greater flexibility, scalability, and affordability
Scope Of The Report
Report Attributes
Report Details
Report Title
Equipment Maintenance Systems Market Research Report
By Type
Cloud Based, On-Premises
By Application
SMEs, Large Enterprises
By Companies
eMaint CMMS, Hippo CMMS, Facilities Management eXpress, Asset Essentials, TheWorxHub, MPulse, UpKeep, Fiix, FTMaintenance, TabWare CMMS/EAM, ManagerPlus, MAPCON, MaintiMizer, IBM Maximo, Axxerion CMMS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Equipment Maintenance Systems Market Report Segments:
The global Equipment Maintenance Systems market is segmented on the basis of:
Types
Cloud Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- eMaint CMMS
- Hippo CMMS
- Facilities Management eXpress
- Asset Essentials
- TheWorxHub
- MPulse
- UpKeep
- Fiix
- FTMaintenance
- TabWare CMMS/EAM
- ManagerPlus
- MAPCON
- MaintiMizer
- IBM Maximo
- Axxerion CMMS
Highlights of The Equipment Maintenance Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premises
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Equipment Maintenance Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Equipment Maintenance Systems (EMS) is a term used to describe the various systems and processes that are used to keep equipment in good working order. EMS can include things like preventive maintenance, corrective maintenance, and replacement parts management.
Some of the major players in the equipment maintenance systems market are eMaint CMMS, Hippo CMMS, Facilities Management eXpress, Asset Essentials, TheWorxHub, MPulse, UpKeep, Fiix, FTMaintenance, TabWare CMMS/EAM, ManagerPlus, MAPCON, MaintiMizer, IBM Maximo, Axxerion CMMS.
The equipment maintenance systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Equipment Maintenance Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Equipment Maintenance Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Equipment Maintenance Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Equipment Maintenance Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Equipment Maintenance Systems Market Size & Forecast, 2020-2028
4.5.1 Equipment Maintenance Systems Market Size and Y-o-Y Growth
4.5.2 Equipment Maintenance Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Equipment Maintenance Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Equipment Maintenance Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Equipment Maintenance Systems Market: Competitive Dashboard
14.2 Global Equipment Maintenance Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 eMaint CMMS
14.3.2 Hippo CMMS
14.3.3 Facilities Management eXpress
14.3.4 Asset Essentials
14.3.5 TheWorxHub
14.3.6 MPulse
14.3.7 UpKeep
14.3.8 Fiix
14.3.9 FTMaintenance
14.3.10 TabWare CMMS/EAM
14.3.11 ManagerPlus
14.3.12 MAPCON
14.3.13 MaintiMizer
14.3.14 IBM Maximo
14.3.15 Axxerion CMMS
