Field Service Management Market To Reach USD 9.88 Billion By 2026 | Reports And Data
The increasing interest in mobility solutions to streamline field operations is the key factor for the growth of the field service management market.
New York City, United States – June 22, 2020 /MarketersMedia/ —
The global field service management market is forecast to reach USD 9.88 Billion by 2026, according to a new report by Reports and Data. Field service management (FSM) is a system which enables coordination on-field operations by mobile devices. It helps organizations to optimize their field service operations with higher profitability and customer satisfaction.
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Key players mentioned in the research report are:
IFS, SAP, Oracle, Microsoft, Astea, Infor, Trimble, Comarch, Clicksoftware, and Overit, among others.
In terms of Component, the global Field Service Management market can be segmented into:
Solution
Services
In terms of Vertical, the global Field Service Management market can be segmented into:
Healthcare
IT and Telecom
Energy and Utilities
Manufacturing
Construction and Real Estate
Transportation and Logistics
Others
The Field Service Management Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Field Service Management Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Further key findings from the report suggest
• Solution segment held the larger market share of 63.5% in the year 2018. The solution system empowers organizations with a centralized platform to manage their field operations efficiently.
• Large enterprises are forecasted to grow with a CAGR of 17.7% during the forecast period. For large organizations, increasing visibility between the office and field is very crucial. Enterprises have multiple fleets focus on integrating information across all business units.
• Cloud-base field service management provides businesses the convenience and flexibility to run their business more efficiently in the office as well as out in the field. Some benefits of cloud-base field services management are; it allows remote access, offers security and data backup, it is paperless, and also provide real-time information. The segment is forecasted to grow with a CAGR of 17.4% during the forecast period.
• Manufacturing sector held the largest market share of 24.8% in the year 2018. Field service management is an active area of investment for manufacturers, as they seek to respond to the call for greater customer-centricity.
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This research report delivers a 360 overview of the competitive landscape of the Global Field Service Management Market. Furthermore, it includes massive data regarding the latest trends, technological advancements, and methodologies. The study analyzes the Global Field Service Management Market in a detailed and extensive manner for the readers to gain better insights.
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