Field Service Management Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

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The global field service management market is expected to register a CAGR of around 18% over the period of 2021-2027.

Global field service management market is expected to register a CAGR of around 18% over the period of 2021-2027. This is mainly due to the increasing demand for mobility for real-time visibility, and the increase in adoption of IoT driving the adoption of cloud-based field service management solutions. Field service management means the management of the resources of enterprises employed at the property of clients, rather than on the property of enterprises. The field service management market is uplifting on account of the increasing demand for tracking activities in the field along with the increasing demand for time and cost-effective solutions. Moreover, the integration of artificial intelligence, AR, and VR in the field services sector followed by increasing adoption of IoT driving the adoption of cloud-based FSM solutions will positively stimulate the industry landscape.

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According to UnivDatos Market Insights (UMI)’ research report “global field service management market”, the market is expected to witness robust growth during the forecast period 2021-2027F. This is mainly due to the increasing demand for tracking activities in the field along with the increasing demand for time and cost-effective solutions. Moreover, the integration of artificial intelligence, AR, and VR in the field services sector followed by increasing adoption of IoT driving the adoption of cloud-based field service management solutions will positively stimulate the industry landscape.

Based on type, the field service management market is bifurcated into solutions and services. The solution segment grabbed significant market share in 2020 and is expected to witness a robust CAGR during the forecast period. Field service management solutions include time and attendance of employees, leave and absence management, and other solutions, such as strain and task management, which help in maintaining various human resource activities and analyzing data for business processes.

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Based on industry, the field service management market is divided into information and communication technology, banking and financial services, healthcare, manufacturing, and others. Among the categories, the manufacturing industry captured a prominent share in the market and is anticipated to grow at a robust CAGR during the forecast period. The need for reducing machine and equipment downtime is one of the most important factors driving the growth of this segment.

APAC to witness extensive growth

For a better understanding of the market adoption of field service management the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Rest of the World. The Asia Pacific acquired a considerable market share in the field service management market and is expected to grow at a significant CAGR rate mainly owing to the growing industrialization, urbanization, and population coupled with increasing investments in infrastructure projects, which is further contributing to the field service management market in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global field service management market are Oracle Corporation, Microsoft Corporation, Salesforce Inc., Trimble Inc., FieldAware Inc., SAP SE, Coresystems AG, Industrial and Financial Systems, Infor Inc., and GeoConcept SAS along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Field Service Management Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentations:

By Type (Solutions and Services)
By Organization Size (Large Enterprises and SMEs)
By Deployment (Cloud and On-premises)
By Industry (Information and Communication Technology, Banking and Financial Services, Healthcare, Manufacturing, and Others)
By Region (North America, Europe, Asia-Pacific, Rest of the World)
By Company (Oracle Corporation, Microsoft Corporation, Salesforce Inc., Trimble Inc., FieldAware Inc., SAP SE, Coresystems AG, Industrial and Financial Systems, Infor Inc., and GeoConcept SAS)

Key questions answered in the study:

What are the current and future trends of the global field service management industry?
How the industry has been evolving in terms of type, organization size, deployment, and industry?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the global field service management industry?
What is the customer orientation, purchase behavior, and expectations from the global field service management suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 FIELD SERVICE MANAGEMENT MARKET COVID-19 IMPACT

6 FIELD SERVICE MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY ORGANIZATION SIZE

9 MARKET INSIGHTS BY DEPLOYMENT

10 MARKET INSIGHTS BY INDUSTRY

11 MARKET INSIGHTS BY REGION