10 of the Top 2024 CMMS Software Trends

10 CMMS Software Trends in 2024 Designed To Simplify Maintenance and Increase Reliability

As the market's tides ebb and flow to flood areas of consumer interest, new trends are continually exposed in their wake. 

Solutions to manufacturing problems, technological tools born out of the necessity for enhanced efficiency, and more, all come to fruition as software companies compete to deliver users the best possible product. 

Read more to explore ten CMMS software trends for 2024 and find out which maintenance management system has them all. 

What Is the Future of CMMS Software?

In its infancy, computerized maintenance management system (CMMS) software was used as an onsite maintenance management solution hosted on mainframe computers in the 1980s. 

The advancement of personal computers paved the way in the 2000s for CMMS to be used by various organizations across multiple industries. The advent of the cloud has allowed on-premise CMMS to be replaced with more innovative, newer, and cutting-edge solutions. 

According to a recent O’Reilly’s Cloud Adoption report surveying over 2,800 industry professionals:

• Roughly two-thirds of respondents operate applications from a public cloud, and 45% use a private one, as opposed to the 55% of respondents who reported managing on-premises solutions. 

• 48% claimed they planned to migrate at least half of their applications to the cloud within the next year, while 20% said they intended to move all applications. 

• About 47% are pursuing a cloud-first strategy moving forward, 30% are cloud-natives, and 37% wish to be cloud-natives in three years.

• Out of all surveyed participants, only 5% reported that they plan to retransitition from cloud to on-premise infrastructure. 

This evidence reinforces that the future of CMMS software is a mobile, cloud-based solution enhanced with contributions from the Internet of Things and artificial intelligence. As CMMS software users turn away from traditional software platforms, it only makes sense for them to choose a software provider that is one step ahead of other innovators. 

That’s where UpKeep comes in. 

UpKeep's software is more than just a traditional CMMS. It's an asset operations management platform that provides centralized, company-wide intelligence to manage the maintenance of all your assets and resources. 

At UpKeep, we don’t just go with CMMS software trends — we set them. Learn more about how you can use UpKeep to simplify, streamline, and enhance your maintenance operations.

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10 CMMS Software Trends for 2024

The CMMS market was estimated to be valued at $1,636,300 in 2023, with projected growth reaching $4,215,100 by 2033. This would be an estimated 9% compound annual growth rate (CAGR) in ten years, with the top five vendors sharing 20% of the total market. 

As industry developers attempt to outcompete each other in an effort to take a proverbial slice of this economic pie, new software trends will continue to emerge, ultimately benefiting consumers and leaders in blue-collar industries.  

Let’s explore current CMMS software trends for 2024. 

#1: Preventive Maintenance

Preventive maintenance (PM) is an age-old method that implements routine maintenance to preserve the lifespan of your assets and reduce downtime from breakdowns. 

While the concept of preventive maintenance (PM) is not new, its systematic automation is. The evolution of CMMS has phased out the need for paper calendars, work orders, and tedious back-and-forth communication. 

UpKeep’s CMMS allows you to set up automatic PM schedules that not only notify you when your PM is due but also automatically submit work orders to get the ball rolling. It also keeps track of work order progress and updates you in real time. 

Is there something important about your equipment you want your technicians to know? Our CMMS stores maintenance history and all relevant documents tied to the maintenance aspect of your resources. 

No more flipping through the filing cabinet to find an old, disintegrating manual. No more sticky notes. No more fuss over preventive maintenance with the help of UpKeep. 

#2: Predictive Maintenance

Where preventive maintenance relies on a routine schedule to prevent breakdowns and unnecessary wear and tear, predictive maintenance aims to predict when equipment failure may occur and prevent it from happening. 

This approach promises cost savings over preventive or reactionary maintenance by reducing the chance of malfunctions, breakdowns, and unnecessary maintenance. 

According to statistics, predictive maintenance is a growing trend in CMMS software. Surveys suggest that the overall use of predictive maintenance rose from 47% in 2017 to 51% in 2018, though 80% of maintenance personnel still prefer preventive maintenance. 

Predictive maintenance is estimated to yield a “tenfold” return on investment (ROI) and may result in savings of up to 30% to 40%. 

The biggest challenge of predictive maintenance is the lack of human, technical, and strategic resources. However, CMMS advancements and the Internet of Things (IoT) have made predictive maintenance operations more attainable. 

UpKeep’s Edge bundle includes everything you need to remotely monitor and automate your predictive maintenance strategy. 

By leveraging IoT and technological integration, UpKeep can monitor various equipment conditions, such as temperature, humidity, mileage, and more. After setting acceptable ranges for each value, UpKeep’s system can detect when an asset falls out of range and will trigger notifications to alert you to enact predictive maintenance protocols. 

#3: Easy Integration

Recent CMMS advancements have thrived on greater integration with other systems. Through integration with systems like enterprise resource planning (ERP) systems or enterprise asset management (EAM) systems, CMMS can:

• Streamline operations: By integrating UpKeep with other software platforms such as SAP, Azuga, Power BI, and Coupa, you can streamline maintenance operations by bringing data from different sources into a centralized system. This integration reduces the need for manual data entry and ensures that information is consistent across all platforms.

• Enhance functionality: UpKeep can offer enhanced functionality beyond traditional CMMS capabilities by integrating it with other tools. For example, integrating with IIoT (Industrial Internet of Things) solutions can enable predictive maintenance strategies, while integrating with ERP systems like SAP or Coupa can streamline procurement processes.

• Increase interconnectivity: Integration allows UpKeep to connect with a wide range of systems and provide a more comprehensive view of maintenance activities while facilitating communication between different departments within an organization. This interconnected approach enhances collaboration and decision-making by cutting out the middleman and allowing communication regarding maintenance operations to happen from one central place. 

• Promote scalability and flexibility: Integrations enable UpKeep to adapt to the evolving needs of businesses and industries. As technology advances and new tools emerge, integrating with these innovations ensures that UpKeep remains adaptable and scalable for future requirements.

Currently, UpKeep’s maintenance software can integrate with a variety of other industry-related applications, such as:

• Zapier

• Oracle EBS

• NetSuite and JD Edwards

• Samsara

• Coupa

• SAP ERP

• And more

#4: Analytics and Reporting

Analytics and reporting are common features of CMMS software because they assist with strategic planning and drive data-based decisions. UpKeep’s CMMs provide valuable insight and data visualization through a robust data hub. 

Key points of UpKeep’s analytics and reporting feature include:

• Automatic business intelligence dashboard: Through UpKeep Analytics,  users can access an automatic business intelligence dashboard. This may allow you to track equipment downtime costs over time and make data-driven decisions.

• Time and cost tracking: Our analytics and reporting feature enables tracking wrench time and maintenance costs within work orders to offer a greater insight into productivity and expenses. Therefore, admins can easily access reports showing time and costs for both reactive and preventive maintenance.

• Maintenance KPI benchmarks and tracking: UpKeep also helps users select the best key performance indicators (KPIs) for their organization, which may reduce downtime and boost revenue. The platform's intuitive graphic interface allows users to select custom reports and view key indicators at a glance on the product dashboard.

• AOM integration: UpKeep’s CMMS integrates asset operations management into the company's tech stack, which may provide increased uptime, visibility, reporting, and analytics. Operations teams can also gather granular data on each interaction to enhance and optimize performance, ultimately extending the value of existing investments.

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#5: Inventory Management

Inventory management is a crucial CMMS feature that allows users access to powerful insights that may help control costs and ensure a sufficient parts supply stock.

With UpKeep, users can oversee everything from parts consumption to purchasing and more. This way, they can keep track of specific parts tied to each asset as well as usage and inventory to avoid stockouts or overbuying. 

Additionally, integrations with other asset management software can allow UpKeep to streamline the process by automatically sending out purchase orders for low parts. 

#6: Safety and Compliance

Safety and compliance regulations are continuously changing to fit the ever-expanding manufacturing industry. These rapid changes call for CMMS software that can scale to compliance needs and ensure that no safety detail is overlooked. 

Along with providing accurate records of maintenance activities and equipment records, UpKeep’s CMMS can help uphold safety and compliance standards by:

• Tracking equipment condition and scheduling compliance checks.

• Keeping records accurate for audits and inspections.

• Tracking injury reports to analyze failures and implement safer protocols.

• Including important memos, checklists, and documents for safety regulations in work orders.

#7: Asset Management

Asset management is an advanced CMMS feature that allows users to oversee and track detailed data of significant assets. With this feature, you can track an asset’s location, usage, maintenance history, performance, warranty information, and serial number from one streamlined place. 

UpKeep’s advanced asset management software allows users to:

• Create asset profiles that detail all relevant information and documentation for easy access and management.

• Use barcodes/QR codes to quickly pull up asset profiles and update information regarding them in real time.

• Schedule routine maintenance tasks for assets, set alerts for upcoming maintenance, and track maintenance history to ensure assets are well-maintained.

• Monitor warranties associated with assets while providing visibility into warranty coverage details.

• Track asset depreciation and adjust operations accordingly.

#8: Work Order Management

While work order management isn’t a particularly new CMMS software trend, technological advancements have brought this maintenance software aspect into the future. 

Work orders were once associated with the tedious analog process of filling out paperwork and submitting it to the right technician. UpKeep has revolutionized this process by streamlining the way users:

• Create work orders: Users can easily create new work orders within the UpKeep platform by providing essential details such as title, description, due date, and any other relevant information.

• Assess and prioritize tasks: Work orders can be assessed and prioritized based on factors like urgency, impact on operations, and available resources. This helps efficiently manage the workloads and promptly address critical maintenance issues.

• Assign technicians: Once a work order is created, it can be assigned to specific team members or technicians responsible for its completion. UpKeep allows for easy assignment and sends notifications to the assigned individuals to ensure timely action.

• Track work order progress: Users can track the progress of work orders in real-time within UpKeep's dashboard. This visibility helps monitor task status, identify delays, and ensure accountability among team members.

#9: Mobile Accessibility

Mobile accessibility is increasingly vital to the evolution of CMMS software use and development. 

Unlike analog maintenance management procedures or on-premises CMMS systems, mobile-accessible CMMS software allows admins, technicians, executives, and other individuals to be involved in maintenance processes. 

Sure, anyone can access a company computer, but wouldn't it be better if multiple people could access information, documentation, communication platforms, and work order boards from their work phones or tablets?

UpKeep’s mobile, cloud-based CMMS allows you and your maintenance team to remain updated, informed, and connected on the go, which may further boost maintenance efficacy, reduce downtime, and ultimately save you time and money. 

#10: Artificial Intelligence, Internet 4.0, and Internet of Things

The development of Internet 4.0 has given rise to CMMS software trends that are used in automation and data exchange, such as:

• Cloud computing

• Artificial intelligence; and

• Internet of Things (IoT)

In the future, we may expect artificial intelligence to work in tandem with cloud computing and IoT sensors to:

• Predict equipment failure.

• Detect asset performance anomalies.

• Provide accurate and real-time energy consumption data.

• Capture and organize maintenance-related information to prioritize tasks and submit work orders.

While UpKeep’s CMMS, like most systems, is not yet to the point where we can create reliable algorithms for maintenance management operations, we can say that we are quickly evolving and enhancing our software’s capabilities. 

In the future, we may see more AI and Internet 4.0 tools involved in CMMS software. But for now, this trend remains an anticipated talking point regarding the advancement of maintenance management software. 

UpKeep’s CMMS Solution: Leading the Way to a Better Future for Maintenance and Reliability

UpKeep’s CMMS combines the power of maintenance management, enterprise asset management, IoT implementation, and comprehensive integration to help users conduct their maintenance operations better than ever. 

With the help of our advanced software, you can cut the time spent on tedious tasks and instead:

• Reduce maintenance response time

• Streamline communication with unlimited free requesters

• Decrease equipment and asset downtime by up to 26%

• Ensure consistent cost records

• Extend your asset and equipment lifetime by up to 11%

• Achieve up to 652% ROI

• And more

The future of CMMS software trends for 2024 is already here. 

Request your free demo today and find out how far you can come with the help of UpKeep. 

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