Global Preventive Maintenance Software Market 2017-2021
About Preventive Maintenance Software
Preventive maintenance software is an application that helps organizations to manage preventive care of assets. The assets can be manufacturing equipment, medical equipment, or furniture.
Technavio’s analysts forecast the global Preventive Maintenance Software market to grow at a CAGR of 8.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global preventive maintenance software market for 2017-2021. To calculate the market size, the report considers the new installations, sales, volume, and value of preventive maintenance software.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Preventive Maintenance Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global preventive maintenance software market: Dude Solutions, ManagerPlus, eMaint, and Maintenance Connection.
Other Prominent Vendors in the market are: IQMS, Argos, AssetPoint, Building Engines, Corrigo, CWORKS, CyberMetrics , DPSI, FacilityONE, FMX, Hippo CMMS Software, Infor, Maintenance Assistant, Maintenance Care, MAPCON Technologies, Maxpanda, MicroMain, MPulse Maintenance Software, Smartware Group, TechWare
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advent of mobile-based preventive maintenance software. Many preventive maintenance software vendors are offering mobile functionality either through a web browser or a mobile app. Maintenance managers often conduct business away from their desks. Thus, having access to data, such as financial data or work order status, is important. They can also access a dedicated portal straight from their phones or tablets.”
According to the report, one of the major drivers for this market is surging importance for reduction of operation downtime. Unplanned downtime can result in idle employees, uncertainty in the production line, missed deadlines, and long-term damage to the company's reputation. An unexpected failure can lead to pay technicians overtime and pay out extra money for overnight delivery of parts. A preventive maintenance software avoids these problems through long-term maintenance tasks that are planned. The software can save the company's money because it helps the company to focus on preventing equipment failure rather than responding to emergencies.
Further, the report states that one of the major factors hindering the growth of this market is data security and privacy issues. Manufacturing firms that are not using the software have concerns over data security, especially with cloud-based solutions. These businesses may prefer an on-premises version where data is housed and maintained within a business’ servers. The cloud-based preventive maintenance software, when implemented in an organization, makes the asset information available to public or others. Many organizations prefer cloud-based preventive management software over the on-premises for its cost-effectiveness and ease of accessibility.
Dude Solutions, ManagerPlus, eMaint, Maintenance Connection, IQMS, Argos, AssetPoint, Building Engines, Corrigo, CWORKS, CyberMetrics , DPSI, FacilityONE, FMX, Hippo CMMS Software, Infor, Maintenance Assistant, Maintenance Care, MAPCON Technologies, Maxpanda, MicroMain, MPulse Maintenance Software, Smartware Group, TechWare