CMMS and EAM Solutions Market size was valued at USD 3.1 Billion in 2024 and is projected to reach USD 7.9 Billion by 2033, exhibiting a CAGR of 10.9% from 2026 to 2033.
The South Korean market for Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) solutions is experiencing significant growth, driven by the country's rapid industrialization and technological advancements. In 2022, the CMMS market was valued at $46.3 million and is projected to reach $119.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 12.5%. citeturn0search3 Similarly, the EAM market is expected to grow from $154.1 million in 2023 to $572.0 million by 2030, with a CAGR of 20.6%. citeturn0search1 Industries in South Korea are increasingly adopting CMMS and EAM solutions to enhance operational efficiency, reduce maintenance costs, and ensure regulatory compliance. The energy and utilities sector, in particular, is leveraging these systems to manage assets such as power plants and grid infrastructure effectively. This adoption aids in optimizing asset lifecycles and implementing predictive maintenance strategies, thereby minimizing downtime and improving service reliability. citeturn0search8 Deployment preferences are shifting towards cloud-based solutions, which offer scalability and remote accessibility. While on-premise deployments accounted for the largest revenue share in 2022, cloud-based solutions are anticipated to register the fastest growth during the forecast period. citeturn0search3 This trend aligns with the global movement towards digital transformation and the integration of Internet of Things (IoT) technologies in asset management. Local vendors, such as NKIA Co., Ltd., play a crucial role in the South Korean CMMS and EAM solutions market. Established in 1999 and headquartered in Seongnam, NKIA specializes in developing operations management systems and offers consulting and training services. The company's prominence underscores the importance of homegrown solutions tailored to the specific needs of South Korean industries. citeturn0search12 The integration of advanced technologies like IoT and artificial intelligence (AI) is further propelling the adoption of CMMS and EAM solutions. These technologies enable real-time monitoring and predictive maintenance, which are essential for industries aiming to enhance asset performance and extend equipment lifespan. As South Korean industries continue to prioritize efficiency and sustainability, the demand for sophisticated asset management solutions is expected to rise, contributing to the robust growth of the CMMS and EAM solutions market in the region. In summary, the South Korean CMMS and EAM solutions market is on an upward trajectory, driven by industrial demand for improved asset management, technological advancements, and a shift towards cloud-based deployments. The presence of local vendors and the integration of IoT and AI technologies further bolster this growth, positioning South Korea as a significant player in the global asset management landscape.
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Accruent
eMaint
Dude Solutions
iOffice (Hippo & ManagerPlus)
IBM
ServiceChannel
Rockwell Automation (Fiix)
UpKeep
Siveco
IFS
Spacewell
JDM Technology
MVP Plant
DPSI
MRI (Real Asset Management)
FasTrak
FMX
Sierra
Orion IXL Bhd
Ultimo
JLL (Corrigo)
EZOfficeInventory
CyberMetrics (FaciliWorks)
Maxpanda
eWorkOrders
Ashcom Technologies
Landport
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea CMMS and EAM Solutions Market
Manufacturing
Healthcare
Transportation and Logistics
Utilities
Facility Management
Oil and Gas
Aerospace
On-Premise Solutions
Cloud-Based Solutions
Hybrid Solutions
Small Enterprises
Medium-Sized Enterprises
Large Enterprises
Asset Management
Work Order Management
Inventory Management
Preventive Maintenance
Mobile Access
Reporting and Analytics
Maintenance Departments
Operations Management
IT Departments
Supply Chain Management
Compliance and Safety Officers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea CMMS and EAM Solutions Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea CMMS and EAM Solutions Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea CMMS and EAM Solutions Market, By Type
6. South Korea CMMS and EAM Solutions Market, By Application
7. South Korea CMMS and EAM Solutions Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea CMMS and EAM Solutions Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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