"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 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.
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Major Market Drivers:
- 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
TOP Competitors of Market:
- SAP SE,
- IBM Corporation,
- Microsoft Corporation,
- ClickSoftware, IFS,
- Astea International Inc.,
- Comarch SA,
- MSI Data,
- Retriever Communications,
- Trimble Inc.,
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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.
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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.
On the basis of solution :- Reporting & dashboards, mobile field execution, tracking & performance management, schedule & dispatch, work order management, billing & invoicing, and inventory management.
On the basis of service:- Implementation, training and support, and consulting.
On the basis of deployment mode:- On-premises, and cloud.
On the basis of enterprise:- User type, small enterprise and medium enterprise (SMEs), and large enterprises.
On the basis of vertical:-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 Like:-
- North America,
- South America,
- Middle East & Africa.
- Russia, among others.
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