A computerized maintenance management system is computer software developed to simplify maintenance management the assets of an organisation during their life cycle life. Maintenance includes customer service requests, operational performance, tracking work orders, scheduling tasks, dealing with external work requests, recording asset history, managing inventory, audit, certification and warehouse inventory all at one place. It subsequently accelerates work order completion rate, extends the service life of assets, increases worker productivity, eliminates paperwork, reduces overtime, improves accountability and equipment maintenance. All these varieties of uses and benefits are expected to lead to the flourishing growth of the CMMS market for the upcoming years.
Cloud-based computerized maintenance management systems are the flag bearers of the product market because cloud-based solutions provide real-time visibility and enhance work order management. Additionally, an increase in demand for reducing accidental equipment downtime and costly expenses from unexpected hardware failure drives the demand for computerized maintenance management solutions. Furthermore, the need to maximize productivity, develop effective replacement cycle, improve inventory management, support multi-language capabilities, predictive maintenance organizations and Presence of established vendors in developed countries are key drivers of the growth of the product market for years to come. Small and medium enterprises and large enterprises also use CMMS for production maintenance, facility maintenance, fleet maintenance, and linear asset maintenance. Increasing demand for maintenance reports such as summary data, outlines and charts to analyze the maintenance operations, as organizations are required to meet government regulations is expected to fuel further demand.
On the other hand, grave threat to the security of identity, privacy all put together may amount to a threat to national security with the growing use of computerized maintenance management system. Further, with the onset of COVID-19, disruption in the availability of skilled workers, logistics and distribution are going to negatively impact the demand-supply gap to a great extent. However, key players operating in the market are investing heavily in research and development activities to bring forth newer advancements in the development of network access control software.