Field Service Management Market was around US$ 47.90 Bn in 2022 and is expected to grow at a CAGR of around 13 % in the forecast period of 2023-2029.
Field Service Management Market Overview:
The primary goal of this research is to assist the user in understanding the Field Service Management market in terms of definition, segmentation, market potential, significant trends, and the problems that the Field Service Management industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
Field service management systems are being used by manufacturers to make their operations more robust, efficient, and error-free. It allows organisations to increase the quality of their products and services while decreasing the time, effort, and cost associated with product development and service delivery. It also offers solutions to help organisations streamline business processes, such as overall tracking of field service operations and repair activities, efficient workload management, real-time workforce location tracking, and field operations automation to eliminate manual tasks. The rapid adoption of these solutions by small and medium-sized organisations is likely to boost market growth even more throughout the projection period. These factors are projected to enhance market expansion in the near future.
Segmentation:
The market is divided into two segments based on development type: on-premises and cloud. During the forecast period, the cloud-based category was predicted to hold the most market share and grow at the quickest CAGR. The benefits of the cloud-based segment, which include cheaper maintenance costs, reduced physical infrastructure, and 24/7 data access from anywhere, at any time throughout the world, can be attributed to the considerations.
By Component
Solutions
Services
By Deployment Type
Cloud
On-premises
By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Vertical
IT and Telecom
Healthcare and Life Sciences
Manufacturing
Transportation and Logistics
Construction and Real Estate
Energy and Utilities
Others (BFSI and retail)
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Field Service Management market are
1. Salesforce
2. Trimble
3. Overit
4. Fieldaware
5. Zinier
6. Fieldez
7. Geoconcept
8. Oracle
9. SAP
10. Microsoft
11. Clicksoftware
12. Servicemax
13. Astea
14. Comarch
15. IFS
16. ServicePower
17. Accruent
18. Praxedo
19. FieldEZ
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Regional Analysis:
The report focuses on Global Regions and Market Size of Field Service Management , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Field Service Management Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Field Service Management industry in 2021.
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Key Questions answered in the Field Service Management Market Report are:
- What is the function of Field Service Management ?
- What is the predicted revenue generation of the Field Service Management market?
- At what growth rate is the Field Service Management market evolving?
- Who are the major market giants operating in the Field Service Management market?
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