Global Field Service Management Market – Industry Trends and Forecast to 2024

Market Analysis: Global Field Service Management Market

The Global Field Service Management Market accounted for USD 2.2 billion in 2016 growing at a CAGR of 15.32% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Field Service Management Market

Field service management is software that helps managing the company’s workers and the resources they need to do their jobs efficiently. Field service management software can be accessed from mobile devices. The workers can make changes to schedules, inventory, invoice, and others from the mobile devices. It is widely applicable in banking, financial services, and insurance, government, healthcare, energy and utilities, education, IT and telecom, manufacturing, retail, and others. Need to maximize productivity of business processes may act as a major driver in the growth of field service management market. On the other side, security concerns with respect to access to confidential data may hamper the market. 

Major Market Drivers & Restraints:

Need to maximize productivity of business processes
Technological development leading to opportunities for new business models
Need for an integrated, robust, and centralized system for FSM
Slow growth in the developing and under developed countries
Security concerns with respect to access to confidential data

Market Segmentation: Global Field Service Management Market

The global field service management market is segmented on the basis of solution into reporting & dashboards, mobile field execution, tracking & performance management, schedule & dispatch, work order management, billing & invoicing, and inventory management.

The global field service management market is segmented on the basis of service into implementation, training and support, and consulting.

The global field service management market is also segmented on the basis of deployment mode into on-premises, and cloud.

On the basis of enterprise, the global field service management market is segmented into user type, small enterprise and medium enterprise (SMEs), and large enterprises.

On the basis of vertical, the global field service management market is further segmented into energy and utilities, manufacturing, construction and real estate, transportation and logistics, healthcare, financial services, telecom and IT, and others

On the basis of geography, the global field service management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Field Service Management Market

The report for field service management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Field Service Management Market

Some of the major players of the global field service management market are Oracle, SAP SE, IBM Corporation, Microsoft Corporation, ClickSoftware, IFS, ServicePower, ServiceMax, Infor, Astea International Inc., Comarch SA, KEY2ACT, MSI Data, Praxedo, ServiceTrade, Retriever Communications, Trimble Inc., and others. 

Research Methodology: Global Field Service Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Field Service Management Market – Industry Trends and Forecast to 2024

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