EAM helps in complete asset lifecycle management which includes operations, procurement, planning, and disposal of assets. Preventive maintenance scheduling, inventory management, maintenance expense record keeping, work requests and work order management, audit and compliance record management are processes automated by CMMS solution.ĬMMS and enterprise asset management (EAM) are both asset management or maintenance systems. The increasing demand for CMMS software among small and mid-sized businesses and rising adoption of CMMS software in energy and utilities sector has increased the demand for CMMS. The CMMS market contributes 20% in the global asset management market. The CMMS market is expected to reach ~US$ 3,816.6 Mn by 2032, growing at a CAGR of 8.8% for 2022 – 32.īase year (2021) Computerized Maintenance Management System Market ValueĬomputerized Maintenance Management System Market Projected year (2032) Value The computerized maintenance management system (CMMS) market revenue totaled ~US$ 1,526.3 Mn in 2021. Computerized Maintenance Management System Market Outlook – 2022-2032
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