Work Order Management System Market to Grow at 9.2% CAGR and Reach $1,641.15 Million by 2027 Dominated by Hippo CMMS, ServiceMax, Innovapptive, Coresystems, eMaint, Astea, Infor

“Work Order Management System Market”
This report focuses on the Work Order Management System Market Size, Revenue, Share, status, future forecast, growth opportunity, key market dynamics and key players. The study objectives are to present the Work Order Management System development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

The Work Order Management System Market research report provides an in-depth analysis of the major Work Order Management System industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.

The global work order management system market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by Europe followed by North America however, the market in APAC is growing at a highest CAGR. Some of the major companies operating in the market include Astea International Inc., Infor Inc., Microsoft Corporation, IBM Corporation, Oracle, Hippo CMMS, ServiceMax, Inc., Innovapptive Inc., Coresystems AG (SAP SE), and eMaint Enterprises, LLC among others.

Work Order Management System Market to 2027 – Global Analysis and Forecast by Component, Deployment Type, and End-user Industry. In terms of revenue, the global work order management system market accounted for US$ 771.26 Mn in 2018 and is expected to grow at a CAGR of 9.2% over the forecast period 2019–2027, to account for US$ 1,641.15 Mn in 2027.

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The Insight Partners: solution segment is the leading the component segment of the global work order management system market by 2027

The “Work Order Management System Market to 2027- by Deployment Type (On-Premise and Cloud), Component (Solution and Service); and End-user Industry (IT & Telecom, Manufacturing, BFSI, Healthcare, Retail, and Transportation) –Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of work order management system market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant work order management system players in the market and their key developments.

The work order management solution provides real-time clarity into each aspect of operations thus, enabling them to improve overall work order management and capital efficiency, as well as to reduce costs by analyzing the criticality of their assets.  This eliminates the need to fix a standard schedule for device maintenance, rather the intelligent devices collect and report the real-time information, which further results in making an informed decision regarding maintenance. These solutions consist of various features to keep a track of work order such as quick work order creation, work order approval, work order activity rules, secure location of work orders, easy updates of work orders, simple budget and estimate controls, multiple control dates, various levels of responsibility, and unlimited narrative remarks.

These solutions are associated with workforce management, enterprise asset management, and computerized maintenance management system software as well as the application used by the customers to meet their requirement efficiently. For instance, IBM Corporation provides IBM Maximo Asset Performance Management and IBM Maximo APM – Asset Health Insights for Energy & Utilities SaaS for creating and view Maximo work orders from the report view. Similarly, eMaint Enterprises, LLC, deals with web-based CMMS “Software as a Service” (SaaS) model as well as enterprise asset management solutions for managing, monitoring, and controlling assets across the world.

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Europe leads the global market share followed by North America, and Asia-Pacific. Factors such as growing demand for efficient management of organization assets, inventories, and scheduling maintenance is a major factor driving the market demand.

The report segments the Global Work Order Management System Market as follows:

1.1.1 Global Work Order Management System Market – By Component
•    Solutions
•    Services

1.1.2 Global Work Order Management System Market – By Deployment Mode
•    On-Premises
•    Cloud

1.1.3 Global Work Order Management System Market – By End User Industry
•    IT & Telecom
•    Manufacturing
•    BFSI
•    Healthcare
•    Retail
•    Transportation
•    Others

1.1.4 Global Work Order Management System Market – By Geography

•    North America
o    US
o    Canada
o    Mexico

•    Europe
o    France
o    Germany
o    Italy
o    Spain
o    UK
o    Rest of Europe

•    Asia Pacific (APAC)
o    Australia
o    China
o    India
o    Japan
o    Rest of Asia Pacific

•    Middle East and Africa (MEA)
o    Saudi Arabia
o    UAE
o    South Africa
o    Rest of MEA

•    South America
o    Brazil
o    Rest of South America (SAM)

Key Benefits of Buying this Research Study:

  1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Work Order Management System market
  2. Highlights key business priorities in order to assist companies to realign their business strategies
  3. The key findings and recommendations highlight crucial progressive industry trends in the Work Order Management System market, thereby allowing players across the value chain to develop effective long term strategies
  4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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