Field Service Management Market

Field Service Management Market Size, Share, Growth Analysis, By Component(Software, Schedule), By Deployment(On-premise, Cloud), By Organization Size(Large enterprises, SMEs), By INDUSTRY VERTICAL(IT & Telecom, Healthcare & life sciences), By REGION(North America, U.S.) - Industry Forecast 2024-2031


Report ID: UCMIG45C2002 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Field Service Management Market Insights

Market Overview:

FSM (Field Service Management) is a method of organising and optimising operations that take place outside of the office. The demand for real-time field service systems is growing across sectors to push client pleasure. Businesses may answer customer inquiries in the first try by connecting them with the nearest service provider thanks to real-time monitoring and control of field personnel. As a result, these solutions are gaining popularity across all industries. In addition, the field service management business has seen fast expansion in recent years, fueled by rising demand for quick and cost-effective solutions. Due to the prevalent demographic conditions in mature markets such as the United States and Europe, several studies have revealed that there will be a shortage of field service workforce, prompting organisations to place a greater emphasis on back-end automation and the use of advanced technologies to enable remote monitoring.

Field Service Management Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The global market for Field Service Management was estimated to be valued at US$ XX Mn in 2021.

The global Field Service Management Market is estimated to grow at a CAGR of XX% by 2028.

The global Field Service Management Market is segmented on the basis of Component, Deployment, Organization Size, INDUSTRY VERTICAL, REGION.

Based on region, the global Field Service Management Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Field Service Management Market are Comarch SA, IFS AB, Infor, Microsoft Corporation, Oracle Corporation, OverIT, Praxedo, Salesforce.com, Inc., SAP SE, ServiceMax.

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Field Service Management Market

Product ID: UCMIG45C2002

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