Field Service Management Market Trends, Industry Size, Share, Growth, Forecast, and Report 2022-2027

The latest report by IMARC Group, titled "Field Service Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global field service management market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global field service management market size reached US$ 3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2027, exhibiting a growth rate (CAGR) of 16.4% during 2022-2027.

Field service management (FSM) involves a wide range of processes that help in coordinating field service operations. It assists in scheduling work orders, dispatching service technicians, tracking labor hours and job status, and invoicing the completed job. It also aids in tracking inventory, payment processing, and regulatory compliance measures. Moreover, as it increases overall productivity, improves visibility, and lowers overhead costs, its demand is escalating across the globe.

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐍𝐨𝐭𝐞: 𝐖𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐨𝐟 𝐮𝐩𝐝𝐚𝐭𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 (𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖). 𝐈𝐟 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐝𝐚𝐭𝐚 𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐩𝐞𝐫𝐢𝐨𝐝 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟐𝟖, 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐂𝐨𝐬𝐭 𝐌𝐨𝐝𝐮𝐥𝐞, 𝐚𝐧𝐝 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐅𝐫𝐞𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭. 𝐓𝐡𝐞 𝐭𝐞𝐚𝐦 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐚 𝐪𝐮𝐢𝐜𝐤 𝐭𝐮𝐫𝐧𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐢𝐦𝐞.

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Market Trends and Drivers:

There is currently a rise in the need for managing the time taken for various business activities effectively. This, coupled with the rising focus on improving the customer experience, represents one of the key factors strengthening the market growth. Besides this, FSM solutions find extensive application in the oil and gas industry on account of the escalating demand for energy worldwide. Besides this, due to the integration of advanced systems and software with FSM, they are also employed in the education, healthcare, and travel and tourism sector around the world.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/field-service-management-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Accruent LLC (Fortive Corporation)
• Comarch SA
• IFS AB
• Infor (Koch Industries Inc.)
• Microsoft Corporation
• Oracle Corporation
• Salesforce.com Inc.
• SAP SE
• ServiceMax
• ServicePower Inc.
• Trimble Inc.
• Zinier Inc.

Key Market Segmentation:

Breakup by Solution:

• Schedule, Dispatch and Route Optimization
• Customer Management
• Work Order Management
• Inventory Management
• Service Contract Management
• Reporting and Analytics
• Others

Breakup by Service:

• Implementation and Integration
• Training and Support
• Consultancy Services

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by End Use Industry:

• BFSI
• IT and Telecom
• Healthcare and Life Sciences
• Manufacturing
• Transportation and Logistics
• Energy and Utilities
• Construction
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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