Field Service Management Market Industry: Current Status And Future Prospects

Published: 2024-03-22
Views: 24
Author: henry7020
Published in: Business

The Field Service Management Market size was valued at USD 3.72 billion in 2022 and is expected to grow to USD 10.44 billion by 2030 and grow at a CAGR of 13.78 % over the forecast period of 2023-2030.

Field Service Management (FSM) market is witnessing unprecedented growth driven by the increasing demand for optimized resource utilization, enhanced customer experience, and streamlined operations across various industries. As businesses continue to recognize the importance of efficient field service operations, the FSM market is experiencing significant traction worldwide.

One key trend shaping the FSM market is the rapid adoption of mobile technology and connectivity. Mobile devices equipped with FSM software empower field technicians with real-time access to critical information, such as customer data, service history, and job details, enabling them to deliver prompt and personalized service on-site. This trend is not only improving workforce productivity but also enhancing overall service quality and customer satisfaction.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Field Service Management industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Field Service Management market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

  GEOCONCEPT SAS, Salesforce, Oracle, Infor, ServiceMax, Inc., OverIT, Microsoft, IFS, SAP, Trimble, FieldAware, Comarch, ServicePower, Accruent, Geoconcept, Zinier, PRAXEDO, Acumatica Inc .

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Field Service Management market.

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https://www.snsinsider.com/reports/field-service-management-market-2888 

It has segmented the global Field Service Management market on the basis of technology, application, end-use, and region:

By Component

 l Software

l Services

By Deployment

l On-Premise

l Cloud

By Application

l Work Order Management

l Schedule, Dispatch, and Route Optimization

l Customer Management

l Inventory Management

l Service Contract Management

l Reporting & Analytics

l Others

By Enterprise Size

l Large Enterprises

l Small & Medium Enterprises (SMEs)

By Vertical

l Banking, Financial Services and Insurance (BFSI)

l IT & Telecom

l Healthcare & Life Sciences

l Manufacturing

l Transportation & Logistics

l Construction & Heavy Equipment

l Energy & Utilities

l Others

Key Objectives of the Global Field Service Management Market Report:

·The report conducts a comparative assessment of the leading market players participating in the global Field Service Management market.

·The report marks the notable developments that have recently taken place in the Field Service Management industry

·It details on the strategic initiatives undertaken by the market competitors for business expansion.

·It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Field Service Management market value chain.

·The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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