Field Service Management Market By Reports And Data
Field Service Management Market Share,
Scope, Trends, Industry Size, Growth,
Opportunities and Demand with
Competitive Landscape and Analysis
Research Report 2020-2027
www.reportsanddat
a.com
Market Summary
The increasing interest in mobility solutions to
streamline field operations is the key factor for the
growth of the field service management market.
Market Size – USD 2.70 Billion in 2018, Market
Growth - CAGR of 17.3%, Market Trends – High
demand among enterprises with field operations.
M a Orkuetr S Aumpmparroyach
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.
Field service management is an effective tool which integrates accounting, billing, service, and distribution
processes, which in turn help organizations to gain maximum efficiency. Field service management solution
offers several advantages that include real-time communication of work orders and status, work tracking, and
customer originations and service history.
A modern field service management system offers the needed visibility, planning, and execution to achieve
the primary goals for field service organizations. The key functional areas include mobility, service order
management, financial management, parts materials management, labor skills management, asset
information management, service contract management, and reporting.
Key participants IFS, SAP, Oracle, Microsoft, Astea, Infor, Trimble, Comarch, Clicksoftware, and Overit,
among others.
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M a r kOeut Sru Ampmparyoach
For the purpose of this report, Reports and Data have segmented into the global field service
management market on the basis of component, organization size, deployment mode, vertical and
region:
Component Outlook (Revenue, USD Billion; 2016-2026)
Solution
Services
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Large Enterprise
Small and Medium Enterprise
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
On-Premises
Cloud
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M a r kOeut Sru Ampmparyoach
Vertical Outlook (Revenue, USD Billion; 2016-2026)
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Construction and Real Estate
• Transportation and Logistics
• Others
Regional Outlook (Revenue, USD Billion; 2016-2026)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
M a r kOeut Sru Ampmparyoach
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. Manufacturers are planning to purchase, upgrade, or enhance their service delivery
applications in the coming year, and field service management applications, are one of the major
components of service delivery.
Read More @
https://www.reportsanddata.com/report-detail/global-field-service-management-market
A b oOuutr U Aspproach
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the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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