Field Service Management Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 | Key players - Oracle Corporation, Microsoft, IFS AB, Salesforce.com Inc., ServiceMax, OverIT, Comarch SA, Infor, Praxedo, and SAP SE

The increasing number of field operations adds up the complex process of the organization which in turn require highly reliable and efficient service management software.

Field service management market is expected to grow in the Asia-Pacific region during the forecast period of 2019-2026 owing to proliferation of mobile devices, increase in penetration of internet services, and surge in advancements in telecom industry. Adoption of IoT technology, increasing development of construction & engineering industry in developing economies including India & China further boosts the demand of FSM solution in Asia-Pacific region.

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Rise in need for tracking activities on the field, increase demand for mobility to acquire real-time visibility, and surge in adoption of digitalization & automation in the field services industry fuel the growth of the global field service management market. Based on industry vertical, the manufacturing segment held the major share in 2018. Based on geography, on the other hand, Asia-Pacific would portray the fastest CAGR by 2026.

The global field service management market was pegged at $3.12 billion in 2018 and is estimated to hit $10.81 billion by 2026, registering a CAGR of 16.9% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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The leading market players analyzed in the global field service management market report include Oracle, Tableau, SAS Institute, SAP SE, Sisense, Teradata, Adobe, Cisco, Tibco, and IBM. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their stand in the industry.

The global field service management market is analyzed across component, deployment, organization size, industry vertical, and region. By component, the solution segment accounted for nearly three-fourths of the total market revenue in 2018 and is expected to rule the roost by the end of 2026. The service segment, on the other hand, would manifest the fastest CAGR of 19.3% throughout the forecast period.

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By industry vertical, the manufacturing segment contributed to nearly one-fourth of the total market share in 2018 and is anticipated to lead the trail throughout the forecast period. Simultaneously, the transportation & logistics segment would grow at the fastest CAGR of 19.2% till 2026.

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