Market Overview

Preventive maintenance refers to general, routine maintenance to help keep devices up and running, preventing any accidental downtime and costly expenses from unexpected hardware failure. Increasing demand for maintenance reports is one of the essential growth factors for the global preventive maintenance software market. Many organizations utilize the preventive maintenance software or solutions and computerized maintenance management system (CMMS) to screen and analyze the maintenance operations, as organizations are required to meet industry-specific government regulations enforced by governmental bodies of various countries. Occupational Safety and Health Administration (OSHA) in the U.S. is one such body that work towards ensuring safe and healthful working environment. This preventive maintenance software produces reports that can be utilized to protect equipment reliability by following hardware condition and supplanting worn segments before they fail, as it provides summary data, outlines and charts, and high configurability.

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Market Dynamics

One of the recent trends that will pick up footing in the preventive maintenance software market in the forecasted years is the rising market of Internet of Things in preventive maintenance. According to Coherent Market Insights analysis in 2016, around 17.7 billion devices are installed or connected up from 15.4 billion and is predicted to reach up to 62 billion in 2024. Internet of Things helps to generate smart communication environment, for example, smart healthcare, smart transportation, smart homes, and smart cars. The expansion of smart connected devices has expanded because of the rise of internet of things. Smart connected devices incorporate portable imaging devices and navigation devices with cellular devise and these gadgets offers information about machines and their working conditions. More over the data security and privacy issue become one major challenge which hinders the growth of the global preventive maintenance software market.

Preventive Maintenance Software Market Taxonomy

On the basis of deployment type, the global preventive maintenance software market is classified into:

Cloud

On-premises

On the basis of component, the global preventive maintenance software market is classified into:

Solution

Services

On the basis of organization, the global preventive maintenance software market is classified into:

Small and Medium Enterprises

Large Enterprises

On the basis of verticals, the global preventive maintenance software market is classified into:

Government

Aerospace and Defense

Energy and Utilities

Manufacturing

Healthcare

Transportation and Logistics

Others


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Dude Solutions, Maintenance Connection, ManagerPlus, IQMS, AssetPoint, Building Engines, eMaint, CWORKS, Argos, DPSI, Corrigo, CyberMetrics, FacilityONE, FMX, Infor, Maintenance Assistant, Hippo CMMS Software, MAPCON Technologies, Maintenance Care, MPulse Maintenance Software, Maxpanda, MicroMain, and TechWare Smartware Group, are some of major companies of the global preventive maintenance software market. Acquisition, merger, innovation and new product launch are some of the major strategies adopted by the market leaders to sustain in the global preventive maintenance software market.

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