CMMS Software Trends You Should Look for in 2023
CMMS Software Trends You Should Look for in 2023
Computerized maintenance management systems (CMMS) software is evolving in tandem with other cutting-edge technologies that improve asset and maintenance management. Instead of manually collecting data from various sources, this technology can collect and analyze data remotely, allowing organizations to track asset health and performance.
Today, we will be discussing emerging CMMS software trends, such as predictive maintenance, artificial intelligence (AI), machine learning (ML), internet of things (IoT), and other developments that will shape the industry in the coming years.
CMMS Software Trends in 2023 and Beyond
From 2023 to 2033, the CMMS market is expected to grow at a compound annual growth rate (CAGR) of 9.1%, reaching US $42.15 Bn. As CMMS software advances and becomes more widely used, predicting future industry trends can seem challenging. However, we have identified a few emerging trends that are expected to influence this market in the future.
1. Increasing Predictive Maintenance (PdM) Strategies
Machine learning (ML), artificial intelligence (AI), and internet of things (IoT) advancements have enabled the collection of data from machine-level sensors and ML algorithms to predict mechanical failure patterns before they cause costly downtime. This process helps companies proactively schedule maintenance, streamline maintenance operations, and lower operating costs.
According to recent research, the global predictive maintenance market was worth USD 5.6 billion in 2021 and is expected to grow to 64.25 billion by 2030, growing at a CAGR of 27.4% between 2022 and 2030.
As the benefits of predictive maintenance become more widely recognized, this maintenance strategy is expected to grow in popularity and influence the CMMS market for years to come.
2. Internet of Things (IoT) Technology
In recent years, IoT devices are increasingly being deployed in factories to collect data on various aspects of the production process, including environmental factors like temperature and humidity. Combining CMMS and IoT technology has opened up new avenues for advancement in manufacturing as well as the features and capabilities of CMMS software.
For example, when IoT devices are integrated with a CMMS solution, they can automatically trigger work orders based on the data they collect. When an IoT device detects an anomaly, such as a temperature spike, it can immediately generate a CMMS work order for the maintenance team to investigate and resolve the issue, avoiding costly repairs and downtime.
3. Mobile-Ready, Cloud-Based Systems
Cloud-based CMMS systems have several advantages over on-premise CMMS applications, which can be difficult to access outside of a company server and may necessitate a larger investment in IT infrastructure, maintenance, and repairs. In contrast, cloud-based CMMS systems offer the benefits of a cloud platform along with greater scalability, which allows organizations to expand their maintenance solution as their business grows.
When a cloud-based platform is mobile-ready, like LLumin’s CMMS+, technicians have an extremely convenient, flexible, and efficient way of accessing and updating records around the clock from any location with an internet connection. Maintenance technicians can easily access critical information using a mobile device, ensuring greater compliance, operational efficiency, and higher customer satisfaction rates.
Overall, the increased use of cloud-based CMMS systems and mobile technology is expected to continue, leading to the development of new features and capabilities in CMMS software, further enhancing its ability to optimize maintenance operations.
Discover The Best Software Trends With LLumin’s CMMS+
If you’re tired of the inefficiencies and downtime associated with outdated maintenance management systems, it’s time to upgrade to LLumin’s advanced CMMS+ software. With LLumin’s CMMS+, you’ll benefit from streamlined work order management, real-time monitoring and insights into machine conditions, and proactive maintenance to stay ahead of equipment failures.
When you choose to work with LLumin, you will have access to excellent customer service throughout the entire process. Your implementation will be tailored to your company’s specific goals and business processes. We will provide you with a complete implementation plan as well as a support team to accelerate and guide your digital transformation.
So if you are looking for a cutting-edge CMMS+ accompanied by a seamless implementation process and an expert customer support staff, then LLumin is a perfect fit.
Getting Started With LLumin
LLumin develops innovative CMMS software to manage and track multiple assets and facilities for industrial plants, municipalities, utilities, fleets, and facilities. To get started and stay a step ahead of the latest CMMS software trends, we encourage you to schedule a free demo or contact the experts at LLumin to see how our software can help you reach your management goals.