Global Work Order Management Systems Market – Industry Trends and Forecast to 2029

Work Order Management Systems Market Analysis and Size

Work order management plays vital role in materials management, inbound logistics, inventory control, equipment service and maintenance, manufacturing production line, quality control and shipping and staging. The traditional methods for managing records are no more proficient in the industries today. Previously, the whole manufacturing process from securing raw materials to selling the finished goods largely depended on human decisions and some random calculations without much solid backing for the result. This would decrease the effectiveness of the company. Therefore, implementing automated processes has assisted manufacturing facilities in streamlining their processes. Manufacturing companies need to have competitive logistics and operations in order to achieve consumer deadlines and stay in the market. Thus, the work order management system allows manufacturing companies to efficiently manage their work activity.

Data Bridge Market Research analyses that the work order management systems market was valued at USD 532.50 million in 2021 and is expected to reach the value of USD 1176.80 million by 2029, at a CAGR of 10.42% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Work Order Management Systems Market Scope and Segmentation

Market Definition

A work order management system is a solution that enables organizations to effectively track and manage all pending and ongoing tasks on a single dashboard. It aids them to create work orders, leave feedback on the work performed, track the work completion rate, update requests, and monitor real-time status updates.

Global Work Order Management Systems Market Dynamics

Drivers

• Rising number of hand-held devices

The rising number of digital handheld devices such as mobile devices, smartphones, tablets and dynamic display screens, among other digital devices has considerably simplified the effective real-time query generation, monitoring, tracking, allocation and resource mapping of several daily supply chain and logistics related tasks. Thus, the adoption of many devices among different supply chain and logistics based tasks such as asset security and monitoring, updating inventory, equipment inspection, dynamic display screens among other tasks has witnessed an increase in penetration of electronic devices connected through single enterprise solution. These are some major factors which are expected to drive the growth rate of the work order management system market.

• High use of work order management system in enterprises

Enterprises in major industry verticals such as manufacturing, energy and utilities, consumer goods and retail, healthcare and life sciences, BFSI, transportation and logistics, construction and retail,  telecom and IT and others (government, and media and entertainment) are rapidly adopting work order management systems to improve their field workforce utilization. 

Furthermore, increasing necessity for having managed work orders, growing demand for easier allowance of the work orders for superior execution of projects, increasing requirement among organizations to manage and centrally track orders and increasing focus towards cloud-based solutions for work order management system are some of the major factors which are expected to drive the growth of the market. 

Opportunity

• Increasing focus towards cloud based solutions

Noe, the end users are driving their focus towards cloud-based solutions for the work order management system market such as web-hosted solution and mobile applications for their asset management requirement and supply chain. Therefore, the work order management system market is anticipated to provide several growth opportunities for the market the market players of global work order management system in upcoming years.

 Furthermore, increasing adoption of IOT-based and AI technologies along with rising focus on superior flow of information to field technicians will create many growth opportunities for the work order management systems market in the above mentioned forecast period.

Restraints

• Lack of expertise

The lack of expertise amongst the field workers to use work order management systems will restrict the growth for work order management systems market during the forecast period.

This work order management systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the work order management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2019, ServiceMax had announced its partnership with Silver Lake. Through this partnership, ServiceMax continues focusing on the growth of field and asset service management.

Global Work Order Management Systems Market Scope

The work order management systems market is segmented on the basis of component, deployment mode, organization size and end user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solution
• Services
• Professional
• Integration and Implementation
• Consulting
• Support and Maintenance
• Training and Education
• Managed

Deployment Mode

• Cloud
• On-Premises

Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprises

End User Industry

• Manufacturing
• 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
• Others

Work Order Management Systems Market Regional Analysis/Insights

The work order management systems market is analysed and market size insights and trends are provided by country, component, deployment mode, organization size and end user industry as referenced above.

The countries covered in the work order management systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the work order management systems market due to the rapid technological advancement mainly in countries such as the U.S and Canada in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to   the rapid growth in several industrial sectors in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Work Order Management Systems Market Share Analysis

The work order management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to work order management systems market.

Some of the major players operating in the work order management systems market are:

• Orcale (U.S.)
• IBM (U.S.)
• Microsoft (U.S.)
• IFS (Sweden)
• ClickSoftware (U.S.)
• Astea Solutions AD (U.S.)
• Infor (U.S.)
• ServiceMax (U.S.)
• Coresystems (Switzerland)
• FieldAware (U.S.)
• ServiceNow (U.S.)
• ServicePower (U.S.)
• Corrigo (U.S.)
• eMaint (U.S.)
• Innovapptive (U.S.)
• Fingent (U.S.)
• ServiceChannel (U.S.)
• FieldEZ (India)
• 3Floorsup (Australia)
• Hippo CMMS (Canada)
• Fieldpoint Service Applications (Canada)
• Sockeye Technologies (Canada)
• Maintenance Connection (U.S.)
• MEX (Australia)
• Loc8 (Australia)

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