In the world of maintenance management, understanding key industry statistics is crucial for making informed decisions. In this blog post, we will delve into various statistics within the Computerized Maintenance Management System (CMMS) industry, shedding light on trends, challenges, and opportunities shaping the landscape for businesses and professionals alike. Join us as we explore the latest data and insights driving the evolution of CMMS technology and practices.
The Latest Cmms Industry Statistics Explained
The global CMMS (Computerized Maintenance Management System) market is estimated to grow at a CAGR of 10.2% from 2020 to 2027
This statistic indicates that the global market for CMMS is projected to experience a Compound Annual Growth Rate (CAGR) of 10.2% from 2020 to 2027. A CAGR of 10.2% means that the market is expected to increase by that percentage each year during this time period. This growth rate suggests a healthy and steady expansion of the CMMS market, driven by factors such as increased adoption of automation and digital technologies, as well as the growing need for efficient maintenance management solutions across industries. As such, companies operating in the CMMS space may benefit from this growth trend by capitalizing on emerging opportunities and expanding their market presence.
By 2027, the industry size of CMMS is expected to be worth over USD 4 billion.
The statistic suggests that by the year 2027, the industry of Computerized Maintenance Management Systems (CMMS) is projected to experience significant growth and reach a market value exceeding USD 4 billion. This indicates a substantial increase in the adoption and utilization of CMMS software and services within various industries. The forecasted growth in the CMMS industry reflects the increasing recognition of the importance of efficient maintenance management systems in enhancing productivity, reducing downtime, and optimizing asset performance across different sectors. The projected industry size of over USD 4 billion by 2027 highlights the potential for continued innovation, investment, and market expansion in the CMMS sector in the coming years.
The North American region accounted for approximately 40% of the global CMMS market share in 2020.
The statistic indicates that North America held a substantial portion of the global Computerized Maintenance Management System (CMMS) market in 2020, with an approximate share of 40%. This signifies that the North American region was a significant player in the CMMS industry, reflecting strong demand and adoption of CMMS solutions in the region during that year. The high market share also suggests that North American companies, industries, and organizations placed a considerable emphasis on implementing CMMS software to manage and optimize their maintenance activities, indicating the importance placed on maintenance efficiency and effectiveness in the region.
By the year 2026, the enterprise application of CMMS is expected to hold 60% of the market share.
The statistic suggests that by the year 2026, Computerized Maintenance Management Systems (CMMS) are projected to dominate the enterprise application market with an estimated 60% share. This indicates a substantial growth and adoption of CMMS within various industries for managing and optimizing maintenance operations. The increasing reliance on technology-driven solutions to streamline maintenance processes, improve asset performance, and reduce downtime is likely driving this trend. As organizations prioritize efficiency and cost-effectiveness, the anticipated widespread implementation of CMMS reflects a shift towards more automated and data-driven maintenance practices to enhance operational effectiveness and asset management.
The CMMS industry in Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
This statistic indicates that the Computerized Maintenance Management System (CMMS) industry in the Asia-Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) among all geographic regions within the forecast period. This suggests that the adoption and utilization of CMMS technology for maintenance and asset management purposes in industries such as manufacturing, healthcare, transportation, and others in the Asia-Pacific region is anticipated to expand at a faster pace compared to other regions. Factors driving this growth may include increasing industrialization, digital transformation initiatives, regulatory requirements, and a focus on improved operational efficiency and cost savings. Companies operating in the CMMS space may find lucrative opportunities in the Asia-Pacific market and should consider strategies to capitalize on this anticipated growth trend.
About 80% of facilities in the U.S. have a CMMS.
The statistic “About 80% of facilities in the U.S. have a CMMS” refers to the prevalence of Computerized Maintenance Management Systems (CMMS) in various facilities across the United States. CMMS software is used to streamline and automate maintenance management processes, such as scheduling maintenance tasks, tracking inventory, and managing work orders. The fact that approximately 80% of U.S. facilities have adopted CMMS indicates a widespread recognition of the benefits of using such systems to improve operational efficiency, reduce downtime, and ensure proper maintenance of equipment and assets. This statistic also suggests a trend towards digitization and modernization in facility management practices, reflecting the increasing importance of technology in optimizing maintenance operations.
In 2020, 75% of organizations surveyed were using a cloud-based CMMS.
This statistic indicates that in 2020, 75% of the organizations surveyed had adopted a cloud-based Computerized Maintenance Management System (CMMS) for managing their maintenance operations. This suggests a widespread acceptance and utilization of cloud technology within organizations to efficiently manage their maintenance processes. The high adoption rate of cloud-based CMMS systems signifies a shift towards modern technology solutions for streamlining maintenance operations, improving asset management, and enhancing overall operational efficiency within organizations.
The healthcare industry holds approximately 24% of the CMMS market share in 2020.
The statistic that the healthcare industry holds approximately 24% of the CMMS (Computerized Maintenance Management System) market share in 2020 indicates the proportion of CMMS software usage within the healthcare sector compared to other industries. This suggests that healthcare organizations are significant users of CMMS technology for maintaining and managing their facilities and equipment effectively. The high market share held by the healthcare industry reflects the importance placed on efficient maintenance practices in healthcare facilities to ensure patient safety, regulatory compliance, and operational efficiency. Analyzing this statistic can provide insights into the adoption and utilization of CMMS solutions across different sectors, highlighting the healthcare industry’s reliance on such systems for managing maintenance activities.
By 2026, the maintenance type sector of CMMS is forecasted to reach a value of 315.3 million USD.
The statistic indicates that the maintenance type sector of Computerized Maintenance Management Systems (CMMS) is projected to grow significantly by the year 2026, reaching a value of 315.3 million USD. This forecast suggests a substantial increase in the adoption and usage of CMMS software specifically for maintenance purposes across various industries. The growth of this sector can be attributed to the increasing need for efficient maintenance management solutions to enhance operational efficiency, reduce downtime, and ensure optimal equipment performance. The projected value signifies a growing market opportunity for CMMS providers and reflects the recognition of the importance of proactive maintenance strategies in modern industries.
The European CMMS market was valued at around USD 362.2 Million in 2020.
The statistic indicates that the European computerized maintenance management system (CMMS) market had a total estimated value of approximately USD 362.2 million in the year 2020. This figure represents the overall size of the market in terms of the total revenue generated from CMMS solutions and services within European countries during that year. The value reflects the demand for CMMS technologies to manage and optimize maintenance operations across various industries such as manufacturing, healthcare, and transportation. This statistic provides insights into the market’s economic significance and growth potential for CMMS providers and stakeholders operating in Europe.
By 2023, the manufacturing subcategory within the CMMS industry will have a value of 482.94 million dollars.
The statistic indicates that the manufacturing subcategory within the computerized maintenance management system (CMMS) industry is projected to reach a value of $482.94 million by the year 2023. This forecast suggests significant growth and potential opportunities within this specific sector of the CMMS industry. Factors such as technological advancements, industry demand, and market trends are likely driving this anticipated expansion in the manufacturing subcategory. Stakeholders, businesses, and investors in the CMMS industry can use this statistic to inform decision-making, strategic planning, and resource allocation to capitalize on the projected growth and maximize opportunities within the manufacturing subcategory.
The on-premise CMMS segment is expected to grow at a CAGR of 6% from 2020 to 2027.
This statistic indicates that the on-premise Computerized Maintenance Management Systems (CMMS) market is projected to experience a Compound Annual Growth Rate (CAGR) of 6% from the year 2020 to 2027. The on-premise CMMS segment refers to software systems that are installed and operated on the premises of the organization, rather than being hosted on a cloud-based platform. The CAGR of 6% signifies the average annual growth rate expected for this market segment over the specified time period. This projection suggests a positive trend in demand for on-premise CMMS solutions and indicates potential opportunities for growth and development within this sector over the next several years.
The transportation segment is expected to grow at a CAGR of 8% in the CMMS market.
The statistic indicates that the transportation segment within the Computerized Maintenance Management Systems (CMMS) market is projected to experience a Compound Annual Growth Rate (CAGR) of 8%. This suggests that the demand for CMMS solutions in the transportation industry is expected to increase steadily at an annual rate of 8% over a specified period. Such growth could be driven by factors like technological advancements, infrastructure development, and the increasing emphasis on maintenance efficiency and cost reduction within transportation companies. This trend signals opportunities for CMMS providers to tailor their products and services to meet the specific needs and challenges of the transportation sector, ultimately leading to potential business expansion and market competitiveness in this segment.
In 2020, approximately 22% of businesses described their CMMS system as either aging or outdated.
The statistic suggests that in 2020, around 22% of businesses perceived their Computerized Maintenance Management System (CMMS) as being in need of an update or replacement due to it being classified as aging or outdated. This finding highlights a significant portion of organizations acknowledging the technological shortcomings of their CMMS, signifying a potential need for investment in more advanced or modern maintenance management solutions to enhance efficiency, productivity, and competitiveness. This statistic underscores the importance of staying abreast of technological advancements to ensure the effective management of maintenance operations in today’s rapidly evolving business landscape.
By adopting a CMMS, an organization can expect to reduce its equipment downtime by 20-50%.
This statistic suggests that by implementing a Computerized Maintenance Management System (CMMS), an organization can anticipate a significant reduction in equipment downtime of between 20% and 50%. CMMS software enables businesses to streamline their maintenance processes by scheduling preventive maintenance tasks, tracking equipment usage, and automating work orders. By proactively maintaining equipment and addressing issues before they lead to breakdowns, organizations can minimize unplanned downtime, increase operational efficiency, and ultimately improve productivity. The reduction in equipment downtime can lead to cost savings, increased customer satisfaction, and a more reliable production environment.
55% of companies reported their key use of CMMS was for work order tracking.
The statistic ‘55% of companies reported their key use of CMMS was for work order tracking’ indicates that over half of the companies surveyed primarily utilized a Computerized Maintenance Management System (CMMS) for tracking work orders. This suggests that work order tracking is a common and essential function of CMMS for a significant portion of companies. By focusing on work order tracking, companies are likely aiming to optimize their maintenance processes, organize tasks efficiently, and improve overall maintenance operations. This statistic provides valuable insight into the primary application of CMMS systems in the surveyed companies and highlights the importance of work order management in maintenance operations.
By 2025, over 45% of all CMMS installations will be multi-site.
The statistic ‘By 2025, over 45% of all CMMS installations will be multi-site’ predicts that by the year 2025, more than 45% of Computerized Maintenance Management System (CMMS) installations will be implemented across multiple sites or locations within an organization. This suggests a growing trend towards organizations adopting CMMS solutions that can be utilized across various facilities or branches, rather than being limited to a single site. The shift towards multi-site CMMS installations likely reflects the increasing complexity and interconnectedness of modern businesses, where centralized maintenance management systems are becoming essential for streamlining operations, optimizing asset management, and improving overall efficiency across multiple locations.
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