Field Service Management Market PESTLE Analysis, SWOT Analysis, CAGR 19.33% and Value Chain Study to 2030 | Comarch SA, IFS AB, Infor, Microsoft Corporation

Report Ocean releases its latest report on the global Field Service Management Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Field Service Management Market.

The global field service management market will grow at a CAGR of 19.33% during the forecast period from 2021 to 2030.

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Top Impacting Factors

The growing requirement to track field activities would take the global field service market forward. The industry is forecast to witness increasing adoption of automation & digitalization, IoT (Internet of Things), and integration of AI, AR, and VR in the field services sector. Such factors would produce lucrative opportunities for the key players during the forecast period.

The field management service software is boosting the growth of the field service management market. The software helps track the progress of the field and assures the completion of the task on time. Moreover, the demand for appropriate field service management solutions is projected to surge, owing to the growing fieldwork and the number of workers/technicians in the field. It becomes challenging for the companies to track the live-work and stay physically present all the time. 

Apart from that, other advantages of FSM (field service management) solutions like modified services, reduced labor costs, and improved productivity are anticipated to prompt the growth of the global field service management market during the analysis period.

However, a shortage of skilled laborers to operate technical FSM (field service management) solutions can negatively impact the growth of the market. Additionally, data security concerns and dependency on traditional manual methods would further slowdown the market growth during the forecast period.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Field Service Management Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Field Service Management Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Field Service Management Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Field Service Management Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Field Service Management Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Field Service Management Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Field Service Management Market provides insight into the factors influencing its growth. This market study breaks down the Field Service Management Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Field Service Management Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Field Service Management Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Field Service Management Market are:

Comarch SA (Europe)
IFS AB (Europe)
Infor (United States)
Microsoft Corporation (United States)
Oracle Corporation (United States)
OverIT (United States)
Praxedo (Europe)
Salesforce.com, Inc (United States)
ServiceMax (United States)

Scope of the Report

The global Field Service Management Market segmentation focuses on:

By Organization Size
Large enterprises
SMEs

By Component
Solution
Schedule, Dispatch, and Route Optimization
Customer Management
Work Order Management
Inventory Management
Service Contract Management
Reporting and Analytics
Others
Services
Implementation & integration
Training & support
Consultancy services

By Industry Vertical
IT & Telecom
Healthcare & life sciences
Manufacturing
BFSI
Transportation & Logistics
Energy & Utilities
Construction
Others

By Deployment
On-Premise
Cloud

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This release was published on openPR.