Market Dynamics:
Growing emphasis on predictive maintenance strategies by manufacturing and industrial companies is expected to promote adoption of CMMS solutions. Predictive maintenance enabled by IoT devices helps predict failures and enables proactive maintenance rather than reactive repairs. This improves asset uptime and reduces operational costs. Another driver for CMMS market growth is increasing digitization initiatives across industries. Digital transformation is enabling greater integration of CMMS with ERP and other systems for improved visibility and workflow automation. This is expected to fuel revenue opportunities for CMMS vendors over the forecast period.

Key Takeaways

The Global Computerized Maintenance Management System Market Size is expected to witness high growth, exhibiting a CAGR of 9.1% over the forecast period, due to increasing demand for automation of maintenance processes across industries.

For More Insights, Read: https://newsinsights123.blogspot.com/2023/12/cloud-computing-is-fastest-growing.html