the lobal Work Order Management Systems Market was valued at US $ 414.1 Mn in 2017 and is estimated to reach US $ 989.8 Mn in 2026, at a CAGR of 11.51 % during the forecast period. The Work Order Management Systems Market is segmented by Component, by Organization Size, by Deployment Type, by Industry Vertical and Region. In Component terms, the work order management system market is categorized into solutions, services, and professional, managed. Based on Organization Size, the work order management system market is classified into small & medium-sized enterprises, and large enterprises. In terms of deployment type, the work order management system market is divided into cloud and on-premises. Based on the Industry vertical, the work order management system market is categorized into Labor, Energy & Utilities, Transportation & Logistics, Construction & Real Estate, Consumer Goods & Retail, Healthcare & Life Sciences, Banking, Financial Services, Insurance, Telecom & IT, and More. Based on the region the market is categorized into North America, Europe, Middle East & Africa, Asia Pacific, and Latin America
Key driving factors of the cloud segment include enhanced security features, interactive dashboards, ease of flexibility, and better scalability. And for the market includes the increasing use of mobile apps and wearable devices among field workers. Major industry verticals in the market include manufacturing, construction & real estate, energy & utilities, transportation & logistics, and consumer goods & retail. The work order management system market helps organizations with field workforce optimization. Businesses using work order management systems are often faced with issues of lack of expertise among workers in the field to use work order management systems. As such, it can stifle market growth.
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In terms of deployment type, the cloud deployment type segment is expected to grow at a high CAGR during the forecast period. The cloud-based solution offers higher agility than the on-premises solution. Work order management systems help businesses save time and cost associated with organizing and managing tasks and resources in the field. The increasing demand for easier allocation of work orders for better execution of projects will drive the market adoption of work order management systems in industry verticals. The services segment is expected to grow at a high CAGR during the forecast period, as organizations focus on reducing operating costs while providing a superior customer experience. The vertical manufacturing industry is expected to dominate the market of work order management systems during the forecast period.
Geographically, the global Work Order Management System Market is divided into North America, Europe, the Middle East and Africa, Asia Pacific, Latin America. Asia Pacific is expected to be the fastest growing region in the global market of work order management systems during the forecast period. Rapid economic development, globalization, digitalization, and the increasing use of cloud-based technologies are expected to drive the market of work order management systems in APAC.
Some of the leading players in the Global Work Order Management System Market are NetSuite, IBM, Microsoft, IFS, Click Software, Astea, Infor, ServiceMax, Coresystems, FieldAware, ServiceNow, ServicePower, Corrigo, eMaint, Innovapptive, Fingent, ServiceChannel, FieldEZ, 3Floorsup, Hippo CMMS, Fieldpoint Service Applications, Sockeye Technologies, Maintenance Connection, MEX, Loc8, and more.
The Scope of the Global Work Order Management Systems Market:
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Global Work Order Management Systems Market, by Component:
Solution
Services
Professional
Integration and Implementation
Consulting
Support and Maintenance
Training and Education
Managed
Global Work Order Management Systems Market by Organization Size:
Small and Medium Sized Businesses
Big Business
Global Work Order Management Systems Market by Deployment Type:
In place
Clouds
Global Work Order Management Systems Market, according to Industry Vertical:
Working
Energy and Utilities
Transportation and Logistics
Construction and Real Estate
Consumer Goods and Retail
Healthcare and Life Sciences
Banking, Financial Services, and Insurance
Telecom and IT
The others
Global Work Order Management Systems Market, by Region:
North America
Europe
Middle East and Africa
Asia-Pacific
Latin America
Key Players Operating in the Global Work Order Management Systems Market:
NetSuite
IBM
Microsoft
IFS
Click Software Astea
Infor
ServiceMax
Coresystems
FieldAware
Service Today
ServicePower
Corrigo
eMaint
Innovapptive
Fingent
ServiceChannel
FieldEZ
3Floorsup
Hippo CMMS
Fieldpoint Service Applications
Sockeye Technologies
Maintenance Connection
MEX
Loc8
The others
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