Work Order Management System Market to Record Sturdy Growth By 2027

Global work order management system market is expected to grow from US$ 0.7 Bn in 2018 to US$ 1.6 Bn in 2027 at a CAGR of 9.2% between 2019 and 2027.

Latest market study on “Work Order Management System Market to 2027 by Deployment Type (On-Premise and Cloud), Component (Solution and Service); and End-user Industry (IT & Telecom, Manufacturing, BFSI, Healthcare, Retail, and Transportation) -Global Analysis and Forecast”, the work order management system Market is estimated to reach US$ 1,641.15 Mn in 2027 from US$ US$ 771.26 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Each and every end-user industry has its specific needs and challenges. Some industries highly focusses on manufacturing goods, while others focus on customer satisfaction. Irrespective of the industry, two aspects remain constant i.e. keeping operating costs under control as well as keeping best operating condition of the assets. The work order management helps diverse end-user industries to increase their productivity and reduce down-time by managing work orders on a timely manner.

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Company Profiles

  • Astea International Inc.
  • Infor Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Oracle
  • Hippo CMMS
  • ServiceMax, Inc.
  • Innovapptive Inc.
  • Coresystems AG (SAP SE)
  • eMaint Enterprises, LLC

The global work order management system market by end-user industry is fragmented into IT & telecom, manufacturing, BFSI, healthcare, retail, transportation, and others. Work order processes are essential part of production order, material procurement, as well as logistics processes. The production as well as the maintenance performance indicators should be integrated to boost management for cooperating completely towards areas such as safety, productivity, quality, cost reduction, energy consumption, and environmental impact.

With work order management, it is possible to plan preventive work orders with evaluation on number of hours and material required. The material then can be procured and the work can be assigned to a group or person. It is very important to integrate maintenance plan with production plan for reducing downtime owing to improper planning. Work order management system in manufacturing helps to manage work orders for production, and to track inventories required for production.

Further, work order management system market is expected to experience significant growth in the coming years due to the increasing demand of work order management system by the IT & telecom end-users. Order management is essential for telecom providers as telecom order management is an extremely complex, which generally involve lots of sub-processes including partner organizations, multiple systems, and departments. These complexities further increases when orders are highly customized and multifaceted.

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  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global work order management system market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global work order management system market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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