Preventive Maintenance Software Market Forecast by 2031
The preventive maintenance software market is expected to register a CAGR of 21.2% during 2023–2031. Shifts towards predictive maintenance and the adoption of machine learning for better forecasting are likely to remain key trends in the market.
Preventive Maintenance Software Market Analysis
- Most industries seem to be heading in the same direction with the adoption of preventive maintenance software, where manufacturers of industrial equipment have been primarily responsible for its development.
- The early adopters are the manufacturing, health care and facilities management industries, but those are just the beginning. Large enterprises are currently leading the field, and small and midsize businesses are catching on with an increasing array of solutions in the cloud, enabling them to do the same at an increasingly affordable cost.
- As the software becomes a seamless extension of the existing enterprise system and users get comfortable with data-driven decisions, resistance to adoption is expected to become a thing of the past. Of course, integrating new software into the existing regime, such as historic work orders, and training staff to use the software has been a challenge.
Preventive Maintenance Software Market Overview
- The global preventive maintenance software market is expected to witness a surge where the increased awareness of the benefits of proactive maintenance strategies is driving the demand for this software globally.
- Across industries, organizations are adopting these solutions by investing heavily to reduce downtime, prolong the asset life and improve the overall operational efficiencies. The global market for these solutions is shifting towards a paradigm that includes cloud-based platforms, mobile access, and integration with IoT and AI technologies.
- These solutions need to be user-friendly and scalable, primarily because companies are looking for solutions that offer such predictive capabilities while reducing their costs and achieving more operational excellence.
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Preventive Maintenance Software Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Preventive Maintenance Software Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Preventive Maintenance Software Market Drivers and Opportunities
Increasing focus on reducing equipment downtime to Favor the Market
- Reduction in equipment downtime is a key driving factor for the preventive maintenance software market, as unplanned downtime can result in loss of millions in revenue, production drop and dissatisfaction of customers.
- Organizations across every industry are realizing that maintaining equipment proactively can minimize the chances of unforeseen breakdowns and extend the productive life of their assets.
- Advanced preventive maintenance software offers organizations the ability to schedule planned activities such as inspection, monitoring and repair based on prescribed intervals or equipment conditions instead of waiting for a system to fail.
- Such a systematic approach enables organizations to identify potential abnormalities before they escalate to major problems, thus minimizing the risk of sudden equipment breakdown and associated downtime. This allows businesses to maximize the use of their equipment, improve overall equipment effectiveness (OEE) and reduce costs associated with emergency repair and essential production downtime, making preventive maintenance software a lucrative investment for numerous organizations.
Integration with IoT and AI Technologies
- IoT and AI integration also present valuable opportunities in the preventive maintenance software market by allowing more advanced, efficient and precise maintenance approaches. Specifically, IoT sensors can capture information on the performance of equipment continuously. Then, IoT-generated data is sensed, captured, analyzed and processed using AI algorithms to detect patterns, anomalies and issues before they lead to failures.
- A combination of IoT and AI enables a transition from scheduled preventive maintenance to more advanced predictive and prescriptive maintenance approaches. This technological convergence allows maintenance software to provide more precise maintenance recommendations in terms of when and how to perform maintenance activities, optimize the allocation of resources, and even automate some maintenance processes.
Preventive Maintenance Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the preventive maintenance software market analysis are components, organization size, deployment type, and industry.
- Based on components, the preventive maintenance software market is divided into solutions and services.
- Based on the organization size, the preventive maintenance software market is divided into SMEs and large enterprises.
- Based on the deployment type, the preventive maintenance software market is divided into on-premise and cloud.
- Based on the industry, the preventive maintenance software market is divided into aerospace and defense, energy and utilities, public sector, healthcare, manufacturing, transportation and logistics, and others.
Preventive Maintenance Software Market Share Analysis by Geography
- Preventive Maintenance Software Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Preventive Maintenance Software market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Preventive Maintenance Software market in these regions.
Preventive Maintenance Software Market Report Scope
Preventive Maintenance Software Market News and Recent Developments
The preventive maintenance software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the preventive maintenance software market are listed below:
- Aptean, a global provider of mission-critical enterprise software solutions, announced the launch of Aptean EAM, an all-new, cloud-based enterprise asset management (EAM) solution for manufacturing and other businesses that depend on complex equipment to support production. The new offering can scale from functioning as a standalone computerized maintenance management system (CMMS) to delivering advanced EAM functionality. Thus, Aptean EAM can meet the needs of both small and mid-sized manufacturing organizations for which traditional EAMs are unnecessarily complex and larger, enterprise-scale organizations that may have previously limited their EAM investments to only their largest sites. Aptean EAM simplifies intelligent preventative maintenance with a significant number of capabilities, including advanced analytics. (Source: Aptean, Press Release, March 2022)
Preventive Maintenance Software Market Report Coverage and Deliverables
The “Preventive Maintenance Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Preventive maintenance software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Preventive maintenance software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Preventive maintenance software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the preventive maintenance software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players operating in the preventive maintenance software market are Accruent, Aptean, CWorks Inc., Fiix Inc., Fluke Corporation, Hippo CMMS (iOFFICE, LP.), Infor, Mapcon Technologies, Inc., and MPulse Software, Inc.
Shift towards predictive maintenance and Adoption of machine learning for better forecasting are likely to remain key trends in the market.
The global preventive maintenance software market is expected to grow at a CAGR of 21.2% during the forecast period 2023 - 2031.
Increasing focus on reducing equipment downtime and the Growing need for asset lifecycle management is expected to drive the preventive maintenance software market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Preventive Maintenance Software Market - By Component
1.3.2 Preventive Maintenance Software Market - By Organization Size
1.3.3 Preventive Maintenance Software Market - By Deployment Type
1.3.4 Preventive Maintenance Software Market - By Industry
1.3.5 Preventive Maintenance Software Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PREVENTIVE MAINTENANCE SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PREVENTIVE MAINTENANCE SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PREVENTIVE MAINTENANCE SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. PREVENTIVE MAINTENANCE SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. PREVENTIVE MAINTENANCE SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PREVENTIVE MAINTENANCE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. PREVENTIVE MAINTENANCE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. PREVENTIVE MAINTENANCE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
9.1. OVERVIEW
9.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISE
9.3.1. Overview
9.3.2. On-Premise Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. PREVENTIVE MAINTENANCE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
10.1. OVERVIEW
10.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. AEROSPACE AND DEFENSE
10.3.1. Overview
10.3.2. Aerospace and Defense Market Forecast and Analysis
10.4. ENERGY AND UTILITIES
10.4.1. Overview
10.4.2. Energy and Utilities Market Forecast and Analysis
10.5. PUBLIC SECTOR
10.5.1. Overview
10.5.2. Public Sector Market Forecast and Analysis
10.6. HEALTHCARE
10.6.1. Overview
10.6.2. Healthcare Market Forecast and Analysis
10.7. MANUFACTURING
10.7.1. Overview
10.7.2. Manufacturing Market Forecast and Analysis
10.8. TRANSPORTATION AND LOGISTICS
10.8.1. Overview
10.8.2. Transportation and Logistics Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. PREVENTIVE MAINTENANCE SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Preventive Maintenance Software Market Overview
11.1.2 North America Preventive Maintenance Software Market Forecasts and Analysis
11.1.3 North America Preventive Maintenance Software Market Forecasts and Analysis - By Component
11.1.4 North America Preventive Maintenance Software Market Forecasts and Analysis - By Organization Size
11.1.5 North America Preventive Maintenance Software Market Forecasts and Analysis - By Deployment Type
11.1.6 North America Preventive Maintenance Software Market Forecasts and Analysis - By Industry
11.1.7 North America Preventive Maintenance Software Market Forecasts and Analysis - By Countries
11.1.7.1 United States Preventive Maintenance Software Market
11.1.7.1.1 United States Preventive Maintenance Software Market by Component
11.1.7.1.2 United States Preventive Maintenance Software Market by Organization Size
11.1.7.1.3 United States Preventive Maintenance Software Market by Deployment Type
11.1.7.1.4 United States Preventive Maintenance Software Market by Industry
11.1.7.2 Canada Preventive Maintenance Software Market
11.1.7.2.1 Canada Preventive Maintenance Software Market by Component
11.1.7.2.2 Canada Preventive Maintenance Software Market by Organization Size
11.1.7.2.3 Canada Preventive Maintenance Software Market by Deployment Type
11.1.7.2.4 Canada Preventive Maintenance Software Market by Industry
11.1.7.3 Mexico Preventive Maintenance Software Market
11.1.7.3.1 Mexico Preventive Maintenance Software Market by Component
11.1.7.3.2 Mexico Preventive Maintenance Software Market by Organization Size
11.1.7.3.3 Mexico Preventive Maintenance Software Market by Deployment Type
11.1.7.3.4 Mexico Preventive Maintenance Software Market by Industry
11.2. EUROPE
11.2.1 Europe Preventive Maintenance Software Market Overview
11.2.2 Europe Preventive Maintenance Software Market Forecasts and Analysis
11.2.3 Europe Preventive Maintenance Software Market Forecasts and Analysis - By Component
11.2.4 Europe Preventive Maintenance Software Market Forecasts and Analysis - By Organization Size
11.2.5 Europe Preventive Maintenance Software Market Forecasts and Analysis - By Deployment Type
11.2.6 Europe Preventive Maintenance Software Market Forecasts and Analysis - By Industry
11.2.7 Europe Preventive Maintenance Software Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Preventive Maintenance Software Market
11.2.7.1.1 Germany Preventive Maintenance Software Market by Component
11.2.7.1.2 Germany Preventive Maintenance Software Market by Organization Size
11.2.7.1.3 Germany Preventive Maintenance Software Market by Deployment Type
11.2.7.1.4 Germany Preventive Maintenance Software Market by Industry
11.2.7.2 France Preventive Maintenance Software Market
11.2.7.2.1 France Preventive Maintenance Software Market by Component
11.2.7.2.2 France Preventive Maintenance Software Market by Organization Size
11.2.7.2.3 France Preventive Maintenance Software Market by Deployment Type
11.2.7.2.4 France Preventive Maintenance Software Market by Industry
11.2.7.3 Italy Preventive Maintenance Software Market
11.2.7.3.1 Italy Preventive Maintenance Software Market by Component
11.2.7.3.2 Italy Preventive Maintenance Software Market by Organization Size
11.2.7.3.3 Italy Preventive Maintenance Software Market by Deployment Type
11.2.7.3.4 Italy Preventive Maintenance Software Market by Industry
11.2.7.4 United Kingdom Preventive Maintenance Software Market
11.2.7.4.1 United Kingdom Preventive Maintenance Software Market by Component
11.2.7.4.2 United Kingdom Preventive Maintenance Software Market by Organization Size
11.2.7.4.3 United Kingdom Preventive Maintenance Software Market by Deployment Type
11.2.7.4.4 United Kingdom Preventive Maintenance Software Market by Industry
11.2.7.5 Russia Preventive Maintenance Software Market
11.2.7.5.1 Russia Preventive Maintenance Software Market by Component
11.2.7.5.2 Russia Preventive Maintenance Software Market by Organization Size
11.2.7.5.3 Russia Preventive Maintenance Software Market by Deployment Type
11.2.7.5.4 Russia Preventive Maintenance Software Market by Industry
11.2.7.6 Rest of Europe Preventive Maintenance Software Market
11.2.7.6.1 Rest of Europe Preventive Maintenance Software Market by Component
11.2.7.6.2 Rest of Europe Preventive Maintenance Software Market by Organization Size
11.2.7.6.3 Rest of Europe Preventive Maintenance Software Market by Deployment Type
11.2.7.6.4 Rest of Europe Preventive Maintenance Software Market by Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Preventive Maintenance Software Market Overview
11.3.2 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis
11.3.3 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis - By Organization Size
11.3.5 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis - By Deployment Type
11.3.6 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis - By Industry
11.3.7 Asia-Pacific Preventive Maintenance Software Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Preventive Maintenance Software Market
11.3.7.1.1 Australia Preventive Maintenance Software Market by Component
11.3.7.1.2 Australia Preventive Maintenance Software Market by Organization Size
11.3.7.1.3 Australia Preventive Maintenance Software Market by Deployment Type
11.3.7.1.4 Australia Preventive Maintenance Software Market by Industry
11.3.7.2 China Preventive Maintenance Software Market
11.3.7.2.1 China Preventive Maintenance Software Market by Component
11.3.7.2.2 China Preventive Maintenance Software Market by Organization Size
11.3.7.2.3 China Preventive Maintenance Software Market by Deployment Type
11.3.7.2.4 China Preventive Maintenance Software Market by Industry
11.3.7.3 India Preventive Maintenance Software Market
11.3.7.3.1 India Preventive Maintenance Software Market by Component
11.3.7.3.2 India Preventive Maintenance Software Market by Organization Size
11.3.7.3.3 India Preventive Maintenance Software Market by Deployment Type
11.3.7.3.4 India Preventive Maintenance Software Market by Industry
11.3.7.4 Japan Preventive Maintenance Software Market
11.3.7.4.1 Japan Preventive Maintenance Software Market by Component
11.3.7.4.2 Japan Preventive Maintenance Software Market by Organization Size
11.3.7.4.3 Japan Preventive Maintenance Software Market by Deployment Type
11.3.7.4.4 Japan Preventive Maintenance Software Market by Industry
11.3.7.5 South Korea Preventive Maintenance Software Market
11.3.7.5.1 South Korea Preventive Maintenance Software Market by Component
11.3.7.5.2 South Korea Preventive Maintenance Software Market by Organization Size
11.3.7.5.3 South Korea Preventive Maintenance Software Market by Deployment Type
11.3.7.5.4 South Korea Preventive Maintenance Software Market by Industry
11.3.7.6 Rest of Asia-Pacific Preventive Maintenance Software Market
11.3.7.6.1 Rest of Asia-Pacific Preventive Maintenance Software Market by Component
11.3.7.6.2 Rest of Asia-Pacific Preventive Maintenance Software Market by Organization Size
11.3.7.6.3 Rest of Asia-Pacific Preventive Maintenance Software Market by Deployment Type
11.3.7.6.4 Rest of Asia-Pacific Preventive Maintenance Software Market by Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Preventive Maintenance Software Market Overview
11.4.2 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis
11.4.3 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis - By Organization Size
11.4.5 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis - By Deployment Type
11.4.6 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis - By Industry
11.4.7 Middle East and Africa Preventive Maintenance Software Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Preventive Maintenance Software Market
11.4.7.1.1 South Africa Preventive Maintenance Software Market by Component
11.4.7.1.2 South Africa Preventive Maintenance Software Market by Organization Size
11.4.7.1.3 South Africa Preventive Maintenance Software Market by Deployment Type
11.4.7.1.4 South Africa Preventive Maintenance Software Market by Industry
11.4.7.2 Saudi Arabia Preventive Maintenance Software Market
11.4.7.2.1 Saudi Arabia Preventive Maintenance Software Market by Component
11.4.7.2.2 Saudi Arabia Preventive Maintenance Software Market by Organization Size
11.4.7.2.3 Saudi Arabia Preventive Maintenance Software Market by Deployment Type
11.4.7.2.4 Saudi Arabia Preventive Maintenance Software Market by Industry
11.4.7.3 U.A.E Preventive Maintenance Software Market
11.4.7.3.1 U.A.E Preventive Maintenance Software Market by Component
11.4.7.3.2 U.A.E Preventive Maintenance Software Market by Organization Size
11.4.7.3.3 U.A.E Preventive Maintenance Software Market by Deployment Type
11.4.7.3.4 U.A.E Preventive Maintenance Software Market by Industry
11.4.7.4 Rest of Middle East and Africa Preventive Maintenance Software Market
11.4.7.4.1 Rest of Middle East and Africa Preventive Maintenance Software Market by Component
11.4.7.4.2 Rest of Middle East and Africa Preventive Maintenance Software Market by Organization Size
11.4.7.4.3 Rest of Middle East and Africa Preventive Maintenance Software Market by Deployment Type
11.4.7.4.4 Rest of Middle East and Africa Preventive Maintenance Software Market by Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Preventive Maintenance Software Market Overview
11.5.2 South and Central America Preventive Maintenance Software Market Forecasts and Analysis
11.5.3 South and Central America Preventive Maintenance Software Market Forecasts and Analysis - By Component
11.5.4 South and Central America Preventive Maintenance Software Market Forecasts and Analysis - By Organization Size
11.5.5 South and Central America Preventive Maintenance Software Market Forecasts and Analysis - By Deployment Type
11.5.6 South and Central America Preventive Maintenance Software Market Forecasts and Analysis - By Industry
11.5.7 South and Central America Preventive Maintenance Software Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Preventive Maintenance Software Market
11.5.7.1.1 Brazil Preventive Maintenance Software Market by Component
11.5.7.1.2 Brazil Preventive Maintenance Software Market by Organization Size
11.5.7.1.3 Brazil Preventive Maintenance Software Market by Deployment Type
11.5.7.1.4 Brazil Preventive Maintenance Software Market by Industry
11.5.7.2 Argentina Preventive Maintenance Software Market
11.5.7.2.1 Argentina Preventive Maintenance Software Market by Component
11.5.7.2.2 Argentina Preventive Maintenance Software Market by Organization Size
11.5.7.2.3 Argentina Preventive Maintenance Software Market by Deployment Type
11.5.7.2.4 Argentina Preventive Maintenance Software Market by Industry
11.5.7.3 Rest of South and Central America Preventive Maintenance Software Market
11.5.7.3.1 Rest of South and Central America Preventive Maintenance Software Market by Component
11.5.7.3.2 Rest of South and Central America Preventive Maintenance Software Market by Organization Size
11.5.7.3.3 Rest of South and Central America Preventive Maintenance Software Market by Deployment Type
11.5.7.3.4 Rest of South and Central America Preventive Maintenance Software Market by Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PREVENTIVE MAINTENANCE SOFTWARE MARKET, KEY COMPANY PROFILES
13.1. ACCRUENT
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. APTEAN
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CWORKS INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FIIX INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FLUKE CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HIPPO CMMS (IOFFICE, LP.)
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. INFOR
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MAPCON TECHNOLOGIES, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. MPULSE SOFTWARE, INC. PART OF THE JDM TECHNOLOGY GROUP
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. UPKEEP MAINTENANCE MANAGEMENT
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1.Accruent
2.Aptean
3.CWorks Inc.
4.Fiix Inc.
5.Fluke Corporation
6.Hippo CMMS (iOFFICE, LP.)
7.Infor
8.Mapcon Technologies, Inc.
9.MPulse Software, Inc. Part of the JDM Technology Group
10.Upkeep Maintenance Management
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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