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Field Service Management Market By Component (Solution, Service), By Deployment Model (On-premise, Cloud-based), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises), By End-User (IT Enabled, Healthcare, Energy & Utilities, Manufacturing, Construction And Real Estate, Transportation And Logistics) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Growing Adoption of Cloud-Based Technology to Boost the Field Service Management Market

The field service management market worldwide is expected to grow with a CAGR of 18.0% during the forecast period from 2019 to 2027, starting from US$ 3.01 Bn in 2018. Increasing adoption of cloud-based field service management solutions and mounting demand for agility for quick answers shall drive the field service management market. Field service management is a tool used for operational efficiencies in organizations. It enables the integration of accounting, billing, distribution, and servicing. In addition, it offers real-time communication in a working environment. Due to varied benefits, we expect the field service management market to show significant growth during the forecast period.

Market Synopsis

Cloud-Based will led the Market

The cloud-based deployment type segment shall lead the field service management market during the forecast period. The cloud-based deployment type is set to grow due to the increased adoption of software-as-a-service (SaaS) over traditional premise-based software. The cloud-based software segment is set to grow with the need for fast and better service. Further, cloud-based software offers convenience and flexibility in operating a business. In addition, it offers remote access, security, and data backup. Thus, we expect the cloud-based deployment type segment to be the largest revenue sharing segment during the forecast period.

The Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America dominated the Market with more than 1/3rd of the total revenue. Due to the presence of advanced communication devices in the Market, the revenue for the field service management market shall grow consistently over the forecast period. Further, the Asia Pacific is expected to grow rapidly during the forecast period. The growth in the e-commerce segment in the region shall drive the need for field service management solutions. Further, a large number of small and medium enterprises shall support the Market in the region. As a result, we expect the Asia Pacific region to be the fastest-growing region throughout the forecast period.

Some of the prominent players operating in the field service management market are Oracle, Microsoft, IFS, ClickSoftware, ServiceMax, Astea, Comarch, SAP SE, Salesforce, Trimble, Infor, OverIT, ServicePower, FieldAware, GEOCONCEPT, FieldEZ, and Zinier among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The field service management market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global field service management market based on component, deployment model, organization size, end-user, and geography.

Frequently Asked Questions

The market for Field Service Management is expected to reach US$ 3.01 Bn in 2027.

The Field Service Management market is expected to see significant CAGR growth over the coming years, at 18.0%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Oracle, Microsoft, Inc., ClickSoftware, ServiceMax, Astea, Comarch, SAP, Salesforce, Trimble, Infor, OverIT are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60107
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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