According
to new market research report "Work Order Management Systems Market by Solution, Service (Managed and Professional
(Integration & Implementation, Consulting, Support & Maintenance)),
Deployment Type, Organization Size, Industry Vertical, and Region - Global
Forecast to 2023" the
work order management systems market is expected to grow from USD 414.1 million
in 2018 to USD 694.6 million by 2023, at a Compound Annual Growth Rate (CAGR)
of 10.9% during the forecast period.
The
increasing need among enterprises to centrally manage and track work orders and
growing necessity to enhance the efficiency of teams are expected to have led
to the largescale adoption of work order management systems. Due to the
increasing adoption of cloud-based work order management systems among Small
and Medium-sized Enterprises (SMEs), the work order management systems market
is expected to gain traction during the forecast period.
Browse and
in-depth TOC on “Work Order Management Systems Market”
67
- Tables
39
- Figures
146
- Pages
"Work Order
Management Systems Market by Solution, Service (Managed and Professional
(Integration & Implementation, Consulting, Support & Maintenance)),
Deployment Type, Organization Size, Industry Vertical, and Region - Global
Forecast to 2023"
The
services segment to grow at a higher CAGR during the forecast period
The
services segment is expected to gain more traction during the forecast period.
Services are mostly post-sales services that are delivered to customers after
the purchase of a product. These services include designing, planning,
upgrading, and a host of other consulting services, which are offered to
clients. The services team offers comprehensive services through the latest
techniques and tools, skills, knowledge, and strategies to address
organizations’ work order management needs. Companies offering these services
comprise consultants, solution experts, and dedicated project management teams,
which specialize in designing and delivering robust work order management
solution and services.
The
manufacturing industry vertical to hold the largest market size during the
forecast period
The
manufacturing industry vertical is expected to dominate the work order
management systems market during the forecast period. To remain competitive and
sustain growth, manufacturing enterprises are focusing on making their business
operations efficient by leveraging the benefits of the latest advancements in
the work order management technology. Work order management systems enable
manufacturing organizations to make their business operations robust,
efficient, and error-free. They provide organizations with several
capabilities, such as product installation, preventive maintenance, work order
automation, field asset management, job scheduling, real-time collaboration
with field workers using mobile devices, status update, and billing and
tracking management.
North
America to hold the largest market size during the forecast period
North
America is expected to hold the largest market size during the forecast period,
as the region is extremely responsive toward the adoption of the latest
technological advancements. A robust work order management system helps in
flexible planning and successful execution of tasks and work orders.
Enterprises aim at promoting collaborations among teams and improving workforce
utilization. There is a growing need among enterprises to centrally manage and
track work orders. This growing need is driving the adoption of work order
management systems in the region.
The
major vendors offering work order management systems across the globe include
NetSuite (US), IBM (US), Microsoft (US), IFS (Sweden), ClickSoftware (US),
Astea (US), Infor (US), ServiceMax (US), Coresystems (Switzerland),
FieldAware(US), ServiceNow(US), ServicePower(US), Corrigo(US), eMaint(US),
Innovapptive (US), Fingent (US), ServiceChannel(US), FieldEZ(India),
3Floorsup(Australia), Hippo CMMS(Canada), Fieldpoint Service
Applications(Canada), Sockeye Technologies(Canada), Maintenance Connection(US),
MEX(Australia), and Loc8 (Australia).
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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