How big is the CMMS market | Growth Analysis 2031

Q: What is the current size of the CMMS market?

The CMMS market was valued at USD 1.3 billion in 2024 and is projected to reach USD 2.6 billion by 2031.

Q: What is the growth rate of the CMMS market?

The CMMS market is expected to grow at a CAGR of 10.4% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the CMMS market?

Asset tracking, maintenance scheduling, inventory control, preventive maintenance, and facility management.

Q: What is driving demand in the CMMS market?

Demand for equipment uptime, operational efficiency, regulatory compliance, and cost savings in maintenance operations.

Q: What challenges does the CMMS market face?

Data migration issues, lack of skilled users, integration with legacy systems, and cybersecurity vulnerabilities.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5361

Publication Date: Jul 2025

How big is the CMMS Market?

According to 6Wresearch internal database and industry insights, the CMMS (Computerized Maintenance Management System) market was valued at USD 2.9 Billion in 2024 and is expected to reach USD 5.7 Billion by 2031, growing at a compound annual growth rate of 7.05% during the forecast period (2025-2031).

This growth is driven by the rising need for efficient asset management, predictive maintenance, and automation across manufacturing, utilities, and facility management sectors.

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Key Growth Drivers of the CMMS Market

Increasing adoption of predictive and preventive maintenance strategies
Rising demand for centralized maintenance tracking and asset lifecycle management
Integration with IoT, AI, and mobile platforms for real-time monitoring
Expansion of smart factories and Industry 4.0 initiatives
Growing awareness of compliance, audit readiness, and cost optimization

CMMS Market Trends

The CMMS market is witnessing increasing demand for cloud-based and mobile-friendly platforms. Vendors are offering AI-driven insights to reduce equipment downtime and enhance asset longevity. Integration with enterprise resource planning (ERP) and building management systems is expanding functionality. Sectors like manufacturing, oil & gas, and healthcare are rapidly embracing CMMS to ensure regulatory compliance and safety. The trend of subscription-based pricing and modular CMMS deployment is growing.

Emerging Developments in the CMMS Market

Artificial Intelligence integration, for example, allows fault prediction, the integration of digital twins, and automated maintenance calendar. Firms are coming up with voice-assisted CMMS and technician augmented reality support. With the means of open API ecosystems, the integration with third party applications is getting smoother. The vendors also come up with cybersecurity-enhanced CMMS platforms particularly on the critical infrastructure. Maintenance KPIs are becoming more visible through enhanced analytics dashboards use. CMMS services working on SaaS are proving popular with SMEs because of the reduced time consumption and straightforward customization.