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Global E-maintenance Management Systems Market
- September 22, 2020
- ID: SR/ICT-86
- Format:Pdf
- Pages:220
Global E-maintenance Management Systems Market, By Deployment Mode (Cloud and On-premise), By Organization Size (large and small & medium), By Maintenance Type (Production, Facility, Fleet, and Linear Asset), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Global E-maintenance Management Systems Market Overview:
E-maintenance management systems are a computer program that keeps knowledge from a database regarding its maintenance activities. Data from E-maintenance management systems can also be used to validate compliance with regulatory requirements. It helps to recognize the responsibilities of an employee, the duties, due dates, and activities needed to be done so that nothing is missed. The e-maintenance management program is designed to offer immediate insight to consumers about the polity of their maintenance needs, including comprehensive task order schedules, reliable product development levels, and enhanced exposure to thousands of incredibly valuable data. It is not constrained to manufacturing but widens to facilities, fleet, utilities, hospitals, sporting venues, and much more, where any gear/assets are susceptible to repair and might need maintenance.
Global E-maintenance Management Systems Market Insights
The global e-maintenance management systems market size was valued at USD XXX billion in 2019 and projected to reach USD XXX billion by 2027, growing at a CAGR of XX% during the forecast period of 2020-2027 due to an upsurge in the number of organizations across the globe. In addition, mounting demand for the dropping maintenance costs and equipment downtime is expected to lift the demand for the e-maintenance management systems market around the world at a substantial growth rate. Furthermore, the rising deployment of cloud-based systems is further estimated to boost the global market. Moreover, the developments in voice and image recognition are predicted to fuel the growth of the market across the globe.
However, the high cost of the systems is projected to create an obstacle in the growth of the global market. In addition, the lack of trained professionals is estimated to challenge the growth of the e-maintenance management systems market at a considerable rate.
Growth Driver
Mounting AI investment
AI in e-maintenance management systems can perform essential track performance over time and help manage the account. China is leading the global market. In the first half of 2018, Chinese AI companies raised a total of USD 31.7 billion, nearly 75% of the global around USD 43.5 billion. The AI technology’s capacity to effectively interpret the information gathered and predict conclusions by key algorithms helps increase efficiency. AI has revolutionized the form of market optimization through incorporating process optimization software, pattern forecasts, a company buying ads, and other methods. AI provides an opportunity to significantly reduce enterprise costs and restrictions and execute innovative business models that can hobble the traditional solutions and attain the impoverished. Furthermore, many small technology companies and startups have also started to invest in the development of agile-source AI platforms to obtain more significant value chain productivity gains. Therefore, the propelling investment in AI is estimated to boost the AI in the e-maintenance management systems market across the globe.
Rise in cultivating operational efficacy
Utilizing AI to apply operational management of day-to-day business operations will decrease the number of repetitive activities that workers experience, thus allowing them to invest further energy on projects that help the end goal. In addition, AI-based predictive analytics is to be used to reduce outages and increase plant productivity through forecasting demand and taking necessary measures to balance supply with demand. Moreover, the inventory control focused on AI ultimately carries out a modern price plan for manufacturers. Worldwide manufacturers possess numerous plants in numerous countries. Consequently, manufacturers have started to adopt AI-based innovations in their production facilities to meet such standards, spurring AI development in the manufacturing market.
COVID-19 Impacts Insights
The COVID-19 outbreak recently severely impacted the various sectors of developed and developing economies. The manufacturing work has also slowed down due to the pandemic. People cannot do work on a regular shift compared to the pre-pandemic, which is estimated to have an adverse impact on the e-maintenance management systems market. The implications of the COVID-19 outbreak are expected to reflect considerably in the global economy revenue collection. The COVID-19 turmoil has a modest market impact and shows profitability by Q1 / Q2 2023. As the government makes substantial changes in coronavirus reaction, companies are increasingly responding to their employees, their consumers, and suppliers’ evolving demands while addressing the financial and organizational challenges. In addition, AI in e-maintenance management systems helps get the workflow routine by managing the work order during the pandemic. As a result, COVID-19 pandemic has a significant impact on the global market. Now, management to handle work orders has become more complicated, and it will help supervise the flow of work.
Deployment Mode Segmental Analysis
Based on the deployment mode, the global e-maintenance management systems market is bifurcated into Cloud and On-premise. The cloud deployment mode segment dominates the market across the globe over the forecasted period of 2020-2027 due to the growing implementation rate of cloud-based services. Additionally, governments and broad NGOs engage in AI, expend their resources and energy on test projects with various AI applications, which are projected to fuel the market.
However, the On-premise segment is anticipated to hold a considerable growth rate by 2027 as the data’s confidentiality rate is high in on-premise compared to the cloud.
Organization Size Segmental Analysis
Based on the organization size, the global e-maintenance management systems market is classified into large and small & medium organization size. The large organization size segment is estimated to hold the largest share due to the presence of technical expertise in large enterprises. In addition, the high usage of AI in large size organization is further projected to fuel the e-maintenance management systems across the globe.
Maintenance Type Segmental Analysis
Based on the maintenance type, the global e-maintenance management systems market is segmented into Production, Facility, Fleet, and Linear Asset. The facility segment is anticipated to have a significant growth rate over the forecasted period of 2020-2027 across the globe due to easy and quick reporting and analysis of the data. The data help identify severe equipment issues and inacceptable leisure time tiers such that solutions, including routine audits, maintenance planning, or spare parts, can be implemented to reduce future downtime promptly.
However, the fleet maintenance segment is predicted to have a significant growth rate. It can be used to accomplish an individual location and multiple locations within the organization, which is estimated to boost the global market.
Region Segmental Analysis
By geography, the global e-maintenance management systems market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is expected to have the fastest growth rate by 2027 due to the rise of technological development in developing economies such as China and India. In addition, the growth in the number of startups across the region is expected to fuel the global market at a substantial rate.
Competitor Analysis
Companies such as IBM, AssetPoint, Infor, eMaint, Hippo, Fiix, Maintenance Connection, MPulse, MVP Plant, MicroMain, EPAC Software, NEXGEN, FasTrak, MAPCON, CHAMPS Software, eWorkOrders, Limble, UpKeep, Schneider Electric, and Axxerion are the key players in the global e-maintenance management systems market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global E-maintenance Management Systems manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to E-maintenance Management Systems
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Deployment Mode
- Cloud
- On-premise
By Organization Size
- Large
- Small and Medium
By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global E-maintenance Management Systems Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- New Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global E-maintenance Management Systems Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Deployment Mode
- Demand
- Market Size & Forecast, 2016-2027
- North America E-maintenance Management Systems Market Overview
- North America E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- North America E-maintenance Management Systems Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Country
- US
- Canada
- Mexico
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America E-maintenance Management Systems Market
- By Deployment Mode
- Demand
- North America E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Europe E-maintenance Management Systems Market Overview
- Europe E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- Europe E-maintenance Management Systems Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe E-maintenance Management Systems Market
- By Deployment Mode
- Demand
- Europe E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Asia Pacific E-maintenance Management Systems Market Overview
- Asia Pacific E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- Asia Pacific E-maintenance Management Systems Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific E-maintenance Management Systems Market
- By Deployment Mode
- Demand
- Asia Pacific E-maintenance Management Systems Market Size & Forecast, 2016-2027
- South America E-maintenance Management Systems Market Overview
- South America E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- South America E-maintenance Management Systems Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Country
- Brazil
- Argentina
- Rest of South America
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America E-maintenance Management Systems Market
- By Deployment Mode
- Demand
- South America E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Middle East & Africa E-maintenance Management Systems Market Overview
- Middle East & Africa E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- Middle East & Africa E-maintenance Management Systems Market Share & Forecast, 2016-2027
- By Deployment Mode
- Cloud
- On-premise
- By Organization Size
- Large
- Small and Medium
- By Maintenance Type
- Production
- Facility
- Fleet
- Linear Asset
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa E-maintenance Management Systems Market
- By Deployment Mode
- Demand
- Middle East & Africa E-maintenance Management Systems Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- IBM
- AssetPoint
- Infor
- eMaint
- Hippo
- Fiix
- Maintenance Connection
- MPulse
- MVP Plant
- MicroMain
- EPAC Software
- NEXGEN
- FasTrak
- MAPCON
- CHAMPS Software
- eWorkOrders
- Limble
- UpKeep
- Schneider Electric
- Axxerion Metaldyne LLC
- Other Prominent Players
