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Explore field service management market to hit 14.7% CAGR and projected to reach US$ 5.08 billion by 2023

IT Market Research

Field service management market size is expected to grow from USD 2.56 billion in 2018 to USD 5.08 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during forecast period. The market growth is expected to have driven by increasing adoption of mobile applications and wearable devices among field workers. Growing cloud hosting business and rapidly increasing number of Internet of Things (IoT) devices are expected to further fuel growth of field service management market.

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The main objective of this report is to define, describe, and forecast the field service management market on the basis of components (solutions and services), deployment types, organization size, industry verticals, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges), influencing the growth of the market.

Competitive Landscape

1 Overview

2 Competitive Scenario

3 New Product Launches/Upgradations

4 Mergers and Acquisitions

5 Partnerships and Collaborations

The report forecasts field service management market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

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The report profiles the key market players and comprehensively analyzes their core competencies. This report also tracks and analyzes the competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the global market.

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APAC region is expected to witness the highest growth during the forecast period. The growth in this market is driven by the high demand for textile and fabrics in APAC countries.

In addition, several new competitors as well as consumers entering the global market with larger presence in APAC countries due to factors such as low labor cost and growing demand owing to the large regional population are driving the textile dyes market in APAC.

Key Target Audience

  • Field service solution providers
  • Cloud service providers
  • 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

The field service management ecosystem comprises several vendors, including Accruent (US), Acumatica (US), Astea (US), ClickSoftware (US), Comarch (Poland), Connect My World (India),Coresystems (Switzerland), FieldAware (US), GEOCONCEPT (France), IBM (US), IFS (Sweden), Infor (US), Jobber (Canada), Kickserv (US), Microsoft (US), Oracle (US), OverIT (Italy), Praxedo (France), Salesforce (US), SAP (Germany), ServiceMax (US), ServiceNow (US), ServicePower (UK), ServiceTitan (US), and ServiceTrade (US).

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The global field service management market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report.

Premium Insights

1 Attractive Market Opportunities in the Field Service Management Market

2 Market By Deployment Type

3 Market By Component

4 Market Top 3 Industry Verticals and Regions (2018)

5 Market By Organization Size

North American region is expected to be the largest revenue-generating region for field service management solution and service providers in 2018. This can be attributed to innovations obtained from Research and Development (R&D) and the adoption of technologies, especially in the developed economies of North America.

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