Field Service Management Market 2019 Global Size, Trends, Growth Factors, Development Strategy, Competitive Landscape, Opportunities and Regional Forecast 2023

Market Research Future published a research report on “Field Service Management (FSM) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Field Service Management Global Market- Overview

Market Research Future (MRFR) has announced a new release on the global Field Service Management market. The report takes into account all factors affecting the market’s development potential and presents a comprehensive view to readers including the market’s segmentation and drivers and restraints.

Field Service Managements are necessary for players who send some of their equipment to a client’s site. Field service management refers to the efforts taken to manage and keep track of a company’s resources employed on the client’s premises rather than the manufacturers. Companies that need to install or repair their product regularly have a great need for the Field Service Management Market. The global Field Service Management market is thus likely to grow thanks to the growing demand for on-site monitoring.

Field Service Managements enable a single source for managing the manpower employed on the client’s site, the equipment employed on the site, and the resultant expenses and bills. The convenience offered by these services is thus likely to enable smooth growth of the Field Service Management market over the forecast period.

The global field service management market is expected to reach approximately USD 5.59 billion by 2023 growing at a 16.6% CAGR over the forecast period 2018—2023.

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Key Players:

The key players in the market of Field Service Management Aare- Oracle Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), ClickSoftware Technologies (U.S.), Industrial & Financial Systems AB (Sweden), ServicePower Technologies PLC (U.K.), ServiceMax Inc. (U.S.), Infor (U.S.), and Astea International Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Field Service Management Market.

Field Service Management Global Market - Competitive Analysis

The market of Field Service Management appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Field Service Management Global Market- Segmentation

The Field Service Management Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

• Segmentation by Solution: Comprises of Schedule and Dispatch, Work Order Management, Mobile Field Execution, Reporting and Dashboards, Billing and Invoicing, Inventory Management and Tracking and Performance Management
• Segmentation by Service: Comprises of Implementation, Training and Support and Consulting
• Segmentation by Organization Size: Comprises of SMEs and Large Enterprises
• Segmentation by Deployment: Comprises of Cloud and On Premise
• Segmentation by Vertical: Comprises of BFSI, Healthcare, Manufacturing, Energy & Utilities, Transportation and Others
• Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Field Service Management Global Market- Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the Field Service Management market in North America owing to the presence of a large number of established key players such as Oracle Corporation, IBM Corporation, Microsoft Corporation, ClickSoftware Technologies, ServiceMax Inc., Infor, and Astea International Inc. among others. The growing technological developments in the field of cloud, analytics, and the emergence of bring your own device (BYOD) have led to the high adoption of field service management applications in the region. Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud based applications in the region, the market is likely to show immense growth in the coming future. Field Service Management market in Asia Pacific is expected to grow at a substantial CAGR during 2018 to 2023 due to rise in IT technology and increasing adoption of Field Service Managements in the region. Whereas, the Europe market for Field Service Management is expected to grow at a considerable CAGR (2018-2023).

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Target Audience

• Professional service providers
• Customer Relationship Management (CRM)/Enterprise Resource Planning (ERP) providers
• Mobile application developers
• Telecom Network Operators (TNOs)
• Government organizations
• Regulatory bodies
• Field service managers/supervisors/technicians
• Field service solution providers
• Cloud service providers

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Name: Abhishek Sawant
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Organization: Market Research Future
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Release ID: 528245