Field Service Management Market will Show Admirable Growth in Coming Years, Says Allied Market Research

The Objective of the "Field Service Management Market" report is to depict the trends and upcoming for the Field Service Management industry over the forecast years. Field Service Management Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2019 to 2026 mulling over 2018 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation

The global field service management market size was valued at $3.12 billion in 2018, and is projected to reach $10.81 billion by 2026, growing at a CAGR of 16.9% from 2019 to 2026.

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Field service normally means dispatching employees or contractors to specific locations to install, repair, or maintain systems or equipment. Field service management (FSM) is a system designed to keep track of different components of field operations. These components usually include inventory management, scheduling, vehicle tracking, dispatching, invoicing, billing, customer portals, and others. Field service management seeks to improve deliverability and productivity of field service teams. Some of the key advantages of FSM include accessibility to customer information from any location, decrease in operational overheads and fuel expenses, management of mobile workforce, improvement of productivity, and enhancement of customer satisfaction.

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The global field service management market analysis includes some of the key market players such as Oracle Corporation, Microsoft, IFS AB, Salesforce.com Inc., ServiceMax, OverIT, Comarch SA, Infor, Praxedo, and SAP SE.

North America generated the highest revenue in 2018; however, Asia-Pacific is anticipated to exhibit substantial growth during the field service management market forecast period.

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Key Findings of the Study:
o Depending on component, the solution segment led the field service management market size in terms of revenue in 2018.
o By deployment, the on-premise segment accounted for the highest market share in 2018.
o Based on organization size, large enterprises dominated the field service management market share in year 2018.
o Region wise, North America generated the highest revenue in 2018; however, Asia-Pacific is anticipated to exhibit substantial growth during the field service management market forecast period.
o Depending on industry vertical, the transportation & logistics sector is anticipated to exhibit highest growth during the forecast period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

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