Equipment Management Software

Global Equipment Management Software Market to Reach US$14.5 Billion by 2030

The global market for Equipment Management Software estimated at US$9.9 Billion in the year 2024, is expected to reach US$14.5 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. On-Premise, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$8.0 Billion by the end of the analysis period. Growth in the Cloud segment is estimated at 8.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 Billion While China is Forecast to Grow at 10.1% CAGR

The Equipment Management Software market in the U.S. is estimated at US$2.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Equipment Management Software Market – Key Trends & Drivers Summarized

How Is Equipment Management Software Revolutionizing Asset Tracking?

Equipment management software is transforming how businesses track, maintain, and optimize their assets. Industries such as manufacturing, healthcare, construction, and fleet management are leveraging these digital solutions to monitor equipment utilization, reduce downtime, and enhance productivity. Cloud-based platforms offer centralized asset management, enabling organizations to oversee inventory, schedule maintenance, and automate service requests efficiently.

With rising demand for remote and real-time monitoring, mobile applications are becoming a critical feature of equipment management software. Employees can update asset status, report malfunctions, and receive maintenance alerts on the go. Additionally, the integration of AI and IoT technologies is enabling automated asset tracking, predictive maintenance, and data-driven decision-making, reducing operational costs and improving asset longevity.

What Are the Latest Technological Advancements in Equipment Management Software?

The convergence of AI, IoT, and blockchain is driving innovation in equipment management software. AI-powered analytics are providing businesses with predictive maintenance insights, helping to prevent costly equipment failures. IoT-enabled sensors embedded in machinery are offering real-time performance monitoring, allowing for immediate response to potential breakdowns.

Blockchain technology is being explored for secure asset tracking, ensuring transparency in equipment history, maintenance logs, and ownership records. Additionally, digital twins—virtual replicas of physical assets—are enhancing equipment performance simulations, allowing businesses to optimize maintenance schedules and operational efficiency. As these technologies evolve, equipment management software is becoming more intuitive, automated, and effective in reducing equipment-related risks.

What Are the Key Factors Driving Growth in the Equipment Management Software Market?

The growth in the equipment management software market is driven by increasing industrial automation, rising adoption of cloud-based asset tracking solutions, and growing demand for predictive maintenance. Businesses are investing in AI-driven analytics to optimize asset utilization and minimize unexpected downtime.

Government regulations regarding equipment safety and compliance are also prompting organizations to adopt digital tracking solutions. The expansion of mobile-based and SaaS (Software-as-a-Service) platforms is making equipment management software more accessible across industries. As digital transformation accelerates, the demand for intelligent and scalable equipment management solutions is expected to rise.

SCOPE OF STUDY:

The report analyzes the Equipment Management Software market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Deployment (On-Premise, Cloud); Organization Size (SMEs, Large Enterprises); Vertical (Construction, Manufacturing, Healthcare, Oil & Gas, Utilities, Transportation & logistics, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• Asset Panda
• Cheqroom
• eMaint Enterprises, LLC
• EZOfficeInventory
• Facilio Inc.
• Fiix Software
• Fleetio
• IBM Maximo
• IFS Ultimo
• Knack
• Limble CMMS
• MaintainX
• MVP One
• Oracle E-Business Suite
• Procore
• Ramco Systems
• SAP ERP Suite - EAM
• Tenna
• ToolSense
• UpKeep

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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