Market Study: Work Order Management Systems - Trends and Forecasts to 2030

29 September 2023, Wilmington, Delaware (GLOBE NEWSWIRE) - The Global Work Order Management System Market is valued at USD 812.1 million in 2023 and is expected to grow at a substantial Compound Annual Growth Rate (CAGR) of over 9.8% during the forecast period 2023-2030, according to the latest market report from RationalStat.

The Work Order Management System (WOMS) is a software application or platform that helps organizations streamline and automate the process of issuing, distributing, tracking, and managing work orders. Work orders are often used to request, schedule, and complete tasks to maintain, repair, or service equipment, assets, facilities, or other resources.

Work order management solutions simplify the creation, assignment, tracking, and completion of work orders. This increases production efficiency, reduces downtime, and saves costs for businesses, which makes these systems very attractive.

The companies and software developers involved in the work order management systems market are looking to employ various strategies to strengthen their market share and gain a competitive advantage over other competitors.

Some of the leading players and vendors that are contributing significantly to the growth of the global work order management system market include Oracle, IBM, Microsoft, IFS, ClickSoftware, Astea Solutions AD, Infor, ServiceMax, Coresystems, and FieldAware, among others.

RationalStat has divided the global work order management system market on the basis of component, organization size, deployment type, industry vertical, and region.

The report also answers important questions about work order management systems and provides a free sample report.

RationalStat is a global market information and advisory services company that offers comprehensive research reports, strategies, and advisory studies. The company has sales offices in India, Mexico and the US to support global and diverse businesses. The company partners with leading data analytics and consumer research companies to meet customer needs.