Press release
Field Service Management (FSM) Software Market Worth USD 2.77 Billion by the end 2025
FIELD SERVICE MANAGEMENT (FSM) SOFTWARE MARKET OVERVIEW:The global field services management software market to grow is expected from USD 1.36 billion in 2019 to USD 2.77 billion by 2025, at a CAGR of 12.6% during the forecast period.
Field Service Management (FSM) Software Market Size
Field service management software, or FSM software, is software designed to help manage most, if not all, of what the service business does. FSM software makes a lot of daily tasks easier to manage and puts them in one place.
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One of the key trends that will gain traction in the field service management (FSM) software market during the predicted period is the emergence of the IoT in FSM. The adoption of IoT-enabled devices in the field service industry enables enterprises to improve their services by monitoring equipment performance.
The research report studies the Field Service Management (FSM) Software market using different methodologies and analyses to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
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Global Field Service Management (FSM) Software market: Drivers and Restraints
This section covers the various factors driving the global Field Service Management (FSM) Software market. To understand the growth of the market it is important to analyze the various drivers present the market. It provides data by value and volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market.
Market restraints are factors hampering market growth. Studying these factors is equally pivotal as they help a reader need understand the weaknesses of the market.
Global Field Service Management (FSM) Software market: Segment Analysis
The global Field Service Management (FSM) Software market is split into two segments, type, and application. The product type briefs on the various types of products available in the market. The report also provides data for each product type by revenue for the forecast time period. It covers the price of each type of product. The other segment on the report, application, explains the various uses of the product and end-users. In the report, the researchers have also provided revenue according to the consumption of the product.
Global Field Service Management (FSM) Software market: Regional Analysis
The major regions covered in the report are North America, Europe, China, Rest of Asia Pacific, Central & South America, Middle East & Africa, etc. It includes revenue analysis of each region for the year 2015 to 2026.
Global Field Service Management (FSM) Software market: Key Players
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
By the type, the market is primarily split into
o On-premises FSM software
o Cloud-based FSM software
By the application, this report covers the following segments
o Energy & Utilities
o Telecom
o Manufacturing
o Healthcare
o BFSI
o Transportation & Logistics
o Retai
Competitive Landscape:
The Field Service Management (FSM) Software key manufacturers in this market include:
o Astea International
o ClickSoftware
o IFS
o Oracle
o ServiceMax (GE Digital)
o Accruent
o Comarch
o CORESYSTEMS
o FieldAware
o Infor
o Key2Act (formerly WennSoft)
o Microsoft
o MSI Data
o OverIT
o Praxedo
o Retriever Communications
o ServicePower
o Others
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