Market Overview:
The global work order management systems market is expected to grow from USD 1.02 Billion in 2018 to USD 2.06 Billion by 2030, at a CAGR of 9.5% during the forecast period. The growth of the market can be attributed to the increasing demand for cloud-based work order management systems and the growing need for workflow automation in organizations. However, lack of awareness about work order management systems among small and medium-sized enterprises (SMEs) is a major restraining factor for the growth of this market. On-premise work order management systems are expected to hold a larger share than cloud-based work order management systems during the forecast period. However, cloud-based work order management systems are expected to grow at a higher CAGR than on-premise work order management systems during the forecast period.
Product Definition:
Work order management systems (WOMS) are software programs used to create, manage, and track work orders. Work orders are documents that describe the work that needs to be done and the steps required to complete it. They can be used in a variety of industries, such as manufacturing, construction, and service businesses.
A WOMS can improve efficiency by automating many of the tasks associated with creating and managing work orders. It can also help ensure that all necessary information is included on each order, reducing the chances for errors. Additionally, a WOMS can provide real-time updates on the status of work orders so stakeholders can stay informed about progress. This enables them to make better decisions about resources and workflow.
On-Premise:
On-premise software is a type of cloud computing software that is installed and used on the end-users' computers, servers, or devices to obtain services offered by the provider. The on-premise software solutions are used for various functions such as order management, project management, time & billing management among others.
The growth factor in this market is increasing adoption of cloud technology by small & medium enterprises due to its cost effectiveness and ease of use.
Cloud-Based:
Cloud-based software is a type of software service that provides solutions to manage data and automate business processes using the internet as a medium. It uses cloud technology which is an virtual environment where information can be stored and retrieved in real-time from any location through networked computers. The advantages of cloud-based services are cost efficiency, ease of accessibility, flexibility, automation & accuracy along with minimal human intervention which makes it more reliable than traditional systems.
Application Insights:
The large enterprises segment dominated the global work order management systems market in 2017. This can be attributed to factors such as size and complexity of the organizations, need for effective supply chain management, and increasing focus on reducing inventory levels. The SMEs segment is expected to witness a lucrative CAGR over the forecast period owing to increasing penetration of internet technologies, growing concerns regarding inventory accuracy, and rising demand for cost-effective solutions among small businesses.
Work Order Management Systems (WOMS) are gaining popularity among SMEs due to their ease of use; they also offer a variety of functionalities that help manage orders from order details through tracking & monitoring all the way up to billing & payment processing. Furthermore, these systems provide real-time visibility into production activities at each location along with key performance indicators (KPIs). These factors are anticipated to drive adoption among smaller enterprises over the forecast period.
Moreover, companies such as GAVS Software Inc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of cloud-based work order management systems by enterprises in countries such as China, India, and Japan. In addition, rising demand for mobile working coupled with rapidly expanding manufacturing sector in these economies will drive the overall Asia Pacific market.
The Latin American region is anticipated to witness considerable growth over the next eight years owing to rapid economic development and increasing government initiatives aimed at boosting business process outsourcing (BPO) activities within its borders. Moreover, growing penetration of small and medium enterprises (SMEs) within this region will further propel industry expansion over this period.
Europe accounted for more than 25% revenue share in 2016 owing to high acceptance of advanced technologies among businesses operating across various industries there.
Growth Factors:
- Increasing demand for Work Order Management Systems from small and medium-sized businesses (SMBs) due to the growing need for efficient and effective workflow management solutions.
- The increasing popularity of cloud-based Work Order Management Systems, which allows businesses to manage their workflows more effectively and efficiently.
- The growing trend of digitization, which is resulting in an increased demand for Work Order Management Systems that can help organizations automate their work processes.
- The increasing use of mobile devices, which is driving the demand for mobile-friendly Work Order Management Systems that can be used on the go.
- The rising popularity of Industry 4.0, which is leading to an increase in the adoption of smart factory technologies – including automated work order management systems – by manufacturing organizations worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Work Order Management Systems Market Research Report
By Type
On-Premise, Cloud-Based
By Application
Small and Medium-sized Enterprises (SMEs), Large Enterprises
By Companies
IBM, Microsoft, Oracle, SAP SE, IFS, ClickSoftware Technologies, Astea International, Jones Lang LaSalle, Infor, Verizon, ServiceMax, ServicePower, Sockeye Technologies, Loc8, Innovapptive
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Work Order Management Systems Market Report Segments:
The global Work Order Management Systems market is segmented on the basis of:
Types
On-Premise, Cloud-Based
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
Small and Medium-sized Enterprises (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:
- IBM
- Microsoft
- Oracle
- SAP SE
- IFS
- ClickSoftware Technologies
- Astea International
- Jones Lang LaSalle
- Infor
- Verizon
- ServiceMax
- ServicePower
- Sockeye Technologies
- Loc8
- Innovapptive
Highlights of The Work Order Management 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:
- On-Premise
- Cloud-Based
- By Application:
- Small and Medium-sized Enterprises (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 Work Order Management 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?
Work order management systems are a type of computer system used to manage the flow of work through an organization. Work order management systems allow organizations to track and manage the progress of individual work orders, as well as aggregate data on work order performance.
Some of the key players operating in the work order management systems market are IBM, Microsoft, Oracle, SAP SE, IFS, ClickSoftware Technologies, Astea International, Jones Lang LaSalle, Infor, Verizon, ServiceMax, ServicePower, Sockeye Technologies, Loc8, Innovapptive.
The work order management systems market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Work Order Management 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 Work Order Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Work Order Management 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 Work Order Management 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 Work Order Management Systems Market Size & Forecast, 2020-2028
4.5.1 Work Order Management Systems Market Size and Y-o-Y Growth
4.5.2 Work Order Management 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 On-Premise
5.2.2 Cloud-Based
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 Small and Medium-sized Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Work Order Management 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 Work Order Management 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 On-Premise
9.6.2 Cloud-Based
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 Small and Medium-sized Enterprises (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 On-Premise
10.6.2 Cloud-Based
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 Small and Medium-sized Enterprises (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 On-Premise
11.6.2 Cloud-Based
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 Small and Medium-sized Enterprises (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 On-Premise
12.6.2 Cloud-Based
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 Small and Medium-sized Enterprises (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 On-Premise
13.6.2 Cloud-Based
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 Small and Medium-sized Enterprises (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 Work Order Management Systems Market: Competitive Dashboard
14.2 Global Work Order Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Oracle
14.3.4 SAP SE
14.3.5 IFS
14.3.6 ClickSoftware Technologies
14.3.7 Astea International
14.3.8 Jones Lang LaSalle
14.3.9 Infor
14.3.10 Verizon
14.3.11 ServiceMax
14.3.12 ServicePower
14.3.13 Sockeye Technologies
14.3.14 Loc8
14.3.15 Innovapptive
