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Work Order Management System Market is Expected to Grow US$ 1,641.15 Million at a CAGR of 9.2% between 2019-2027

Press release   •   Feb 14, 2019 17:27 IST

Work Order Management System Market

Global work order management system market is expected to grow from US$ 771.26 Mn in 2018 to US$ 1,641.15 Mn in 2027 at a CAGR of 9.2% between 2019 and 2027.

Work order management system market is experiencing growth all across the globe, with the increasing adoption of technologies in the manufacturing process as well as increasing competition across diverse industry verticals demanding for better customer services. Furthermore, the rising adoption of smart devices is another factor fueling the growth of the market.

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The report focuses on an in-depth segmentation of work order management system market based on component, deployment type, and end-user vertical. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By component, solution segment accounted for the largest share of the work order management system market in 2018.

The report aims to provide an overview of the global work order management system market with detailed market segmentation. Also, it analyzes the current work order management system market scenario and forecasts the market till 2027. The report covers market dynamics affecting the work order management system market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the work order management system market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the work order management system market along with their market strategies. The report also provides PEST along with the SWOT analysis for all company profiled in the report.

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. In addition, the growing popularity of the cloud, mobile, and web solutions for real-time monitoring and maintenance tracking is also expected to propel the market growth in the coming years. China and India respectively have witnessed substantial demand for robust and efficient work order management related solutions and services in the past year. The countries collectively accounted for more than half of the market share in Asia-Pacific region and are projected to continue to provide lucrative profitable opportunities for the market players owing to fast-growing unorganized sectors as well as emerging small and medium enterprise. The major companies operating in the work order management system 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.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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