New York, NY -- (SBWire) -- 03/19/2021 --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. The global Field Service Management market was valued at USD 3.58 Billion in 2019 and is expected to reach USD 10.78 Billion by the year 2027, at a CAGR of 11.4%.
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.
To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/932
The market is gaining traction, especially with the practice of delivering field services through contractors and third-party agents. Expansion of communication network infrastructure, growth in the preference of enterprise mobility solutions, and rising importance in transparency in field operations are driving the market for field service management.
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
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
To get a Discount on the Field Service Management Market Report, Click @ https://www.reportsanddata.com/discount-enquiry-form/932
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.
North America held the largest market share of 34.1% in the year 2018. Organizations in the region are focused on providing the best services to the customers. Higher penetration of internet, communicating devices, and mobiles are propelling the growth of the market in the region. Presence of major players in the region promotes awareness and supports the demand regarding the adoption of the market.
Some of the commonly used field service management are TrackerPal, Freshdesk, Field Force Tracker, Wrike, Ai Filed Management, Repair-CRM, UpKeep, and Dynamics 365.
Browse Full Report @ https://www.reportsanddata.com/report-detail/global-field-service-management-market
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Field Service Management Market Segmentation & Impact Analysis
4.1. Field Service Management Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising popularity of Cloud Based Technologies
4.2.2.2. Increasing trend of BYOD, IoT, Big Data, AI, and Machine Learning
4.2.2.3. Growing adoption of smartphones in field service
4.2.2.4. Rising penetration of internet & e-commerce
4.2.3. Market restraints analysis
Continued…
Request for Detailed Table of Content @ https://www.reportsanddata.com/report-detail/global-field-service-management-market/toc
Thank you for reading our report. To know more about the report and customization feature, please connect with us. Our team will ensure the report is well suited to meet your requirements.
Browse More Reports –
Zero Liquid Discharge Systems Market Size
Processed Seafood & Seafood Processing Equipment Market Share
Plant-based Meat Market Trends
Food Extrusion Market Growth
Engineered Fluids (Fluorinated Fluids) Market Outlook
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
40 Wall St. 28th floor New York City
NY 10005 United States
Direct Line: +1-212-710-1370
Field Service Management Market Share to Reach USD 10.78 Billion by 2027, at a CAGR of 11.4% : Reports and Data
The study methodologies used to examine Field Service Management Market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.