Field Service Management Market Outlook To 2024

Field Service Management Market Outlook To 2024: Key Solution Categories (Reporting & Dashboards, Mobile Field Execution, Work Order Management, Billing & Invoicing), Deployment (On-Premise, Cloud), End-Use, Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (IPP, OPP, RAP) And Segment Forecast

The global field service management market was valued at $1,493.6 million in 2016 and is forecast to grow at a strong CAGR of 11.2% between 2017 and 2024, culminating to global revenue of $3,484.7 million by 2024.

Industry at a Glance

The global field service management market is still in the development stage and hence is expected to flourish over the coming years owing to the several benefits offered including enhanced business productivity and optimized workflow. The industry is presently witnessing mounting adoption by various small, medium and large enterprises which are anticipated to propel demand.

Field service management software and solution offers better visibility and control into the time that staff spends on an assignment or site and aids in the management of service-related expenditure. Additionally, extensive usage to assist workers in the field, and to enhance collaboration and efficiency is another factor driving market growth.

Snowballing demand for better services among customers has instigated various businesses worldwide to adopt these solutions which in turn aids companies to gain leverage in customer relationship. Growing investments in optimization and automation of processes are likely to facilitate companies to function in vibrant business situations which are also expected to fuel market growth significantly over the forecast period.

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Key findings from the study: -
o The global field service management market was valued at $1,493.6 million in 2016 and is forecast to grow at a strong CAGR of 11.2% between 2017 and 2024, culminating to global revenue of $3,484.7 million by 2024.
o The market is still in the nascent stage and shows tremendous growth opportunities over the coming years.
o Prominent growth drivers residing in the global field service management market include escalating demand for an optimized workflow, increasing demand for improved services, and need to maximize productivity. Issues pertaining to security and data privacy may hamper market growth over the next few years.
o Leading industry players include Astea International Inc., Click Software Technologies, International Business Machine Corporation, Industrial and Financial Systems AB (IFS), Infor, Microsoft Corporation, Oracle Corporation, PTC, SAP SE, Servicemax Inc., Servicepower Technologies PLC, Tea International, and Trimble Navigation.

Ameri Research has segmented the Field Service Management Market by material categories, product type, end-use and region:

Market Segmentation

Field Service Management Market, by Solution (Revenue, USD Million)
o Reporting & Dashboards
o Mobile Field Execution
o Work Order Management
o Billing & Invoicing
o Others

Field Service Management Market, by Deployment (Revenue, USD Million)
o On-Premise
o Cloud

Field Service Management Market, by End-Use (Revenue, USD Million)
o Manufacturing
o Construction
o Healthcare
o Energy & Utilities
o Telecom & IT
o Others

Field Service Management Market, by Region (Revenue, USD Million)
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o France
o Spain
o Italy
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Colombia
o Middle East & Africa
o Saudi Arabia
o UAE
o
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