CMMS Market Overview
CMMS Market is projected to grow from USD 2.32 Billion in 2025 to USD 5.10 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 9.12% during the forecast period (2025 - 2034). Additionally, the market size for CMMS Market was valued at USD 2.13 billion in 2024.
Key CMMS Market Trends Highlighted
Key Market Drivers
The surging need for preventive Maintenance, asset optimization and cost reduction in various industries drives the growth of the CMMS market. Additionally, increasing adoption of IoT, cloud computing, and mobile technologies enables real-time monitoring and remote access, further fueling market expansion. Opportunities to be Explored or Captured: Emerging technologies, such as artificial intelligence (AI) and machine learning (ML) present opportunities for Cmms providers to offer predictive Maintenance and automated decision-making capabilities. Integration of CMMS with other enterprise systems, such as ERP and CRM, will also create new growth avenues. Trends in Recent Times:
The CMMS market has witnessed a shift towards cloud-based solutions offering flexibility, scalability and cost efficiency. The growing demand for mobile CMMS apps allows technicians to access data and perform maintenance tasks on the go. Additionally, focus on the sustainability and carbon reduction is driving adoption of energy-efficient CMMS solutions.
Figure 1: CMMS Market Size, 2025-2034 (USD Billion)
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Cmms Market Drivers
Rise in adoption of preventive maintenance strategies
One of the key drivers of the growth of the Cmms Market Industry is the growing emphasis on preventive maintenance practices. Predictive Maintenance enables organizations to identify potential equipment issues and take actions to eliminate them before they cause expensive breakdowns. This approach helps companies minimize the downtime of their machinery, enhance the reliability of their equipment and prolong the service life of their assets. Cmms software enables corporations to achieve all these benefits by providing real-time monitoring, automated maintenance scheduling and comprehensive maintenance history records.
As a result, Cmms solutions can help organizations implement effective preventive maintenance strategies to optimize their maintenance processes and reduce the chances of unplanned downtime.
Increasing demand for real-time visibility and control over maintenance operations
In the context of modern business processes, companies strive to implement maintenance operations in the most efficient way. To achieve their process optimization goals, organizations demand real-time visibility and control over the Cmms solutions. The software offers data in real-time concerning the status of all equipment, tasks to be completed and available resources. It helps businesses make timely and informed decisions depending on the situation at hand.
With real-time determinations, organizations can adjust implementation schedules to be most effective and tackle unexpected events with swiftness. With real-time data, employees can also spot the issues beforehand and hopefully fix them without any considerable results.
Growing adoption of cloud-based CMMS solutions
With the increased demand for computerized management maintenance systems for the last 10 years, many organizations have been advancing towards adopting cloud-based solutions. Such solutions are highly scalable, allowing organizations to expand or reduce their operations without having to purchase new servers or bear additional software costs. Furthermore, eliminating the necessity of owning and maintaining their hardware, as well as software expenditure, reduces the significant initial financial investment in subscriptions and the latest updates on these systems.
In addition, cloud-based Cmms offer remote access, allowing maintenance staff to track and manage assets from any location.
Cmms Market Segment Insights
Cmms Market Deployment Type Insights
The deployment type segment is one of the most vital elements that shape the Cmms market. It is divided into two major categories: cloud-based and on-premises solutions. In recent years, cloud-based Cmms solutions have gathered considerable momentum growth as they are more scalable, cost-effective, and easier to implement. During the forecast period, the cloud-based segment will grow at a CAGR of 10.2% and will reach a valuation of USD 6.1 billion by 2032. This growth can be primarily attributed to the increasing number of businesses adopting cloud technologies to improve their efficiency and cut expenses.
In addition, advent of the Internet of Things and the subsequent development of interconnected devices will drive Cmms adoption and benefit their cloud-based variants. On-premises Cmms are still prevalent in the market, but they are less beneficial compared to their cloud rivals and thus face significant negative pressure. Consequently, the segment will still demonstrate steadier growth compared to the past and will increase at a CAGR of 4.5%. Many industries will still rely on on-premises solutions because their data is heavily regulated, and it is simpler to meet legal demands with in-house software.
Key market players for deployment type are IBM, Oracle, SAP, Infor and IFS, which offer various Cmms solutions for different industrial sectors, such as manufacturing, healthcare, and transport. It is likely that the competitive landscape will remain stable because investments in Research projects will be used to maintain that strong position.
Figure2: CMMS Market, By Deployment Type, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Cmms Market Organization Size Insights
The CMMS Market is segmented by organization size into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises are expected to account for a larger share of the market in 2023, owing to their greater need for asset management and maintenance solutions. SMEs, on the other hand, are expected to grow at a faster rate during the forecast period due to the increasing adoption of Cmms solutions to improve operational efficiency and reduce costs. The growth of the market is attributed to the increasing adoption of Cmms solutions by organizations of all sizes to improve asset management and maintenance practices.
Cmms Market Industry Vertical Insights
The Cmms Market Segmentation by Industry Vertical includes Manufacturing, Healthcare, Education, Government, and Retail. The Manufacturing segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of Cmms solutions by manufacturing companies to improve their operational efficiency and reduce downtime. The Healthcare segment is also expected to witness significant growth during the forecast period, owing to the rising demand for CMMS solutions to improve patient care and reduce healthcare costs.
The education segment is also expected to grow steadily during the forecast period as schools and universities increasingly adopt Cmms solutions to manage their facilities and assets.
Cmms Market Functionality Insights
Functionality Segment Insights and Overview The Functionality segment plays a crucial role in driving the Cmms market revenue. Work Order Management held the largest market share of 31.4% in 2023, owing to its significance in streamlining maintenance operations, improving technician productivity, and enhancing compliance. Asset Management is projected to grow at a CAGR of 9.6% during 2024-2032, driven by the increasing need for organizations to optimize asset utilization, reduce downtime, and improve asset lifecycle management. Preventive Maintenance is another key functionality, with a market value of USD 1.2 billion in 2023. It is expected to witness steady growth as organizations prioritize proactive maintenance strategies to minimize equipment failures and unplanned downtime.
Inventory Management contributes significantly to the Cmms market, with a projected market size of USD 1.5 billion by 2032. It enables organizations to effectively track and manage inventory levels, optimize spare parts availability, and reduce maintenance costs. Reporting and Analytics capabilities provide organizations with valuable insights into maintenance operations, enabling them to identify areas for improvement, make data-driven decisions, and enhance overall maintenance effectiveness.
Cmms Market Integration Insights
Enterprise Resource Planning (ERP), Computerized Maintenance Management Systems (CMMS), and Building Automation Systems (BAS) are key pillars of the integration segment in the Cmms market, driving its growth. ERP systems connect various business functions, including finance, supply chain, and human resources, providing a comprehensive view of operations. Cmms assists in managing maintenance activities, streamlining work orders, and tracking equipment performance. BAS automates building systems, optimizing energy consumption and improving occupant comfort.
The integration of these systems enhances operational efficiency, reduces downtime, and improves asset utilization, contributing to the overall growth of the Cmms market. By leveraging real-time data and seamless communication between systems, businesses can make informed decisions, optimize processes, and enhance overall performance. The integration segment is expected to witness significant growth in the coming years as organizations seek to enhance their operational capabilities and drive efficiency.
Cmms Market Regional Insights
Regionally, North America held the largest market share in 2023, contributing to 37% of the revenue. The region's dominance can be attributed to the presence of a large number of established Cmms vendors and the early adoption of advanced technologies. Europe accounted for the second-largest market share, with a revenue share of 28% in 2023. The region's growth is driven by the increasing demand for CMMS solutions in various industries, such as manufacturing, healthcare, and education. APAC is expected to witness the fastest growth during the forecast period, with a CAGR of 10.2%.
The region's growth is attributed to the increasing adoption of Cmms solutions in emerging economies, such as China and India. South America and MEA are expected to contribute a smaller share of the CMMS Market revenue during the forecast period.
Figure3: CMMS Market, By Regional, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Cmms Market Key Players And Competitive Insights
The major players in the Cmms market industry are engaged in ongoing efforts to gain a competitive advantage and increase their market share. To this end, they actively develop innovative Cmms Market products and solutions and extend their geographic presence. In addition, the market is witnessing an increasing consolidation trend since larger players in the field acquire smaller ones to gain a stronger market position. Some of the top competitors in the Cmms market are SAP SE, IBM Corporation, Oracle Corporation, and Infor Solutions. Being long-established in the industry, these players have a strong track record of innovation and customer satisfaction. They offer a wide range of Cmms Market products and solutions designed to meet the needs of different industries.Â
In terms of the target market, SAP SE is one of the main competitors in the Cmms market. As a leader in enterprise software provider, it has a significant presence in the Cmms market. The company offers a comprehensive portfolio of CMMS market products and solutions for large and medium-sized corporations. SAP SE demonstrates a strong focus on innovation and invests significantly in research and development to enhance its Cmms Market products and solutions. In addition, the company has a wide network of partners and resellers that helps it reach out to customers across numerous countries. IBM Corporation is another main competitor in the Cmms market. As a ly operating technology and consulting corporation, IBM Corporation has a strong presence in various industries. It offers a complete portfolio of Cmms Market products and solutions to its customers and has a strong focus on customer satisfaction.
Key Companies in the Cmms Market Include
Cmms Industry Developments
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Q2 2024: IBM Launches Maximo Application Suite 9.0 with Enhanced AI-Driven CMMS Capabilities IBM announced the release of Maximo Application Suite 9.0, introducing advanced AI-powered features for predictive maintenance and asset management, further strengthening its position in the CMMS market.
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Q2 2024: Hexagon Acquires Itus Digital to Expand CMMS and Asset Performance Management Portfolio Hexagon AB completed the acquisition of Itus Digital, a provider of cloud-based asset performance management and CMMS solutions, to enhance its digital maintenance offerings for industrial clients.
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Q3 2024: Dude Solutions Announces Partnership with Siemens for Smart Building CMMS Integration Dude Solutions entered a strategic partnership with Siemens to integrate its CMMS platform with Siemens’ smart building technologies, aiming to deliver unified maintenance and building automation solutions.
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Q3 2024: eMaint Launches Mobile-First CMMS Platform for Field Technicians eMaint, a Fluke company, launched a new mobile-first CMMS platform designed to provide field technicians with real-time access to work orders, asset histories, and maintenance analytics.
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Q4 2024: Infor Appoints New General Manager for EAM and CMMS Division Infor announced the appointment of a new General Manager to lead its Enterprise Asset Management (EAM) and CMMS division, signaling a renewed focus on innovation and global expansion.
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Q4 2024: SAP Acquires Maintenance Connection to Bolster Cloud CMMS Offerings SAP completed the acquisition of Maintenance Connection, a leading CMMS provider, to strengthen its cloud-based asset management solutions for manufacturing and utilities sectors.
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Q1 2025: UpKeep Raises $50 Million in Series D Funding to Accelerate CMMS Platform Development UpKeep secured $50 million in Series D funding to expand its CMMS platform, focusing on AI-driven maintenance automation and international market growth.
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Q1 2025: Fiix Launches AI-Powered Predictive Maintenance Module for CMMS Fiix, a Rockwell Automation company, introduced a new AI-powered predictive maintenance module within its CMMS platform, enabling customers to reduce downtime and optimize asset performance.
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Q2 2025: Asset Panda Announces Global Expansion with New European Headquarters Asset Panda opened a new European headquarters to support its growing international CMMS customer base and accelerate product localization efforts.
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Q2 2025: MicroMain Wins Multi-Year CMMS Contract with Major U.S. Healthcare System MicroMain secured a multi-year contract to provide its CMMS platform to a leading U.S. healthcare system, supporting maintenance operations across dozens of facilities.
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Q2 2025: IFS Acquires Ultimo to Expand European CMMS Market Presence IFS announced the acquisition of Ultimo, a Netherlands-based CMMS provider, to strengthen its footprint in the European computerized maintenance management sector.
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Q2 2025: Hippo CMMS Launches IoT-Integrated Maintenance Platform for Manufacturing Hippo CMMS released a new IoT-integrated maintenance management platform tailored for manufacturing clients, enabling real-time equipment monitoring and automated work order generation.
Cmms Market Segmentation Insights
Cmms Market Deployment Type Outlook
Cmms Market Organization Size Outlook
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
Cmms Market Industry Vertical Outlook
- Manufacturing
- Healthcare
- Education
- Government
- Retail
Cmms Market Functionality Outlook
- Work Order Management
- Asset Management
- Preventive Maintenance
- Inventory Management
- Reporting and Analytics
Cmms Market Integration Outlook
- Enterprise Resource Planning (ERP)
- Computerized Maintenance Management Systems (CMMS)
- Building Automation Systems (BAS)
Cmms Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
|
Market Size 2024
|
2.13 (USD Billion)
|
|
Market Size 2025
|
2.32 (USD Billion)
|
|
Market Size 2034
|
5.10 (USD Billion)
|
|
Compound Annual Growth Rate (CAGR)
|
9.12% (2025 - 2034)
|
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
|
Base Year
|
2024
|
|
Market Forecast Period
|
2025 - 2034
|
|
Historical Data
|
2019 - 2023
|
|
Market Forecast Units
|
USD Billion
|
| Key Companies Profiled |
FTMaintenance, IBM, IFS, Oracle, ABB, eMaint, Infor, Schneider Electric, Fracttal, UpKeep Maintenance Management, Maintenance Connection, Azima DLI, SAP, Maximo, Hippo CMMS |
| Segments Covered |
Deployment Type, Organization Size, Industry Vertical, Functionality, Integration, Regional |
| Key Market Opportunities |
Cloud-based CMMS adoptionIntegration with IoT and AIPredictive maintenance capabilitiesRemote monitoring servicesMobile workforce management |
| Key Market Dynamics |
1 Increasing Adoption of Predictive Maintenance2 Rise of CloudBased CMMS Systems3 Integration with IoT and AI Technologies4 Focus on DataDriven Maintenance5 Growing Demand from Industrial Sectors |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ):
The Cmms Market was valued at USD 2.13 billion in 2024 and is expected to reach USD 5.10 billion by 2034, exhibiting a CAGR of 9.12% during the forecast period 2025 - 2034
North America is expected to dominate the Cmms market throughout the forecast period, owing to the presence of well-established players and the early adoption of advanced technologies.
Cmms is widely used in various industries, including manufacturing, healthcare, education, and hospitality. It helps organizations manage and maintain their physical assets, such as buildings, equipment, and vehicles.
Some of the key players in the CMMS market include IBM, SAP, Oracle, Infor, and Schneider Electric. These companies offer a range of CMMS solutions that cater to the specific needs of different industries.
The growth of the CMMS market is primarily driven by the increasing need for organizations to improve operational efficiency, reduce maintenance costs, and enhance asset utilization. Additionally, the adoption of IoT and other emerging technologies is further fueling market growth.
The Cmms market faces challenges such as the lack of skilled professionals, the complexity of implementing and integrating Cmms solutions, and the high cost of ownership. However, the increasing adoption of cloud-based CMMS solutions is expected to mitigate these challenges.
Key trends in the Cmms Market include the adoption of IoT and AI, the integration of Cmms with other enterprise applications, and the growing popularity of cloud-based and mobile Cmms solutions.
The Cmms Market is expected to grow at a CAGR of 8.98% from 2024 to 2032.
Key factors driving the growth of the Cmms Market include the increasing adoption of IoT and other emerging technologies, the growing need for organizations to improve operational efficiency, and the rising demand for cloud-based Cmms solutions.
Key challenges faced by the CMMS market include the lack of skilled professionals, the complexity of implementing and integrating CMMS solutions, and the high cost of ownership.
