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Field Service Management Market 2023 - Market Size, Strategies, Industry Opportunities, Trends And Forecast To 2032
Field Service Management Market Analysis
Field Service Management Market Size, Growth Rate, And Forecast
The global field service management market size grew from $3.61 billion in 2022 to $4.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The field service management market size is expected to grow to $7.08 billion in 2027 at a CAGR of 13.7%.
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Field Service Management Market Drivers
The increasing adoption of automation and digitalization is expected to propel the growth of the field service management market in the forecast period. Automation and digitalization are used for the automatic execution of tasks at a particular interval with the use of digital technology. The advantages of adopting automation and digitalization in field service management are optimal utilization of resources, effective tracking and monitoring of resources, and lower operational costs.
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Field Service Management Market Segments
1) By Component: Solution, Services
2) By Deployment Type: On-Premise, Cloud
3) By Application: Energy And Utilities, Telecom, Manufacturing, Healthcare, BFSI, Construction And Real Estate, Transportation And Logistics, Other Applications
● By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the field service management market.
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Field Service Management Market Key Players
Major competitors in the field service management market include Accruent, Acumatica, Astea International Inc., ClickSoftware Technologies, Comarch, FieldAware Group Ltd., Geoconcept SAS, Kirona Solutions Ltd.
The Business Research Company's "Global Field Service Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Field Service Management Market Include:
1. Executive Summary
2. Field Service Management Market Characteristics
3. Field Service Management Market Trends And Strategies
4. Field Service Management Market - Macro Economic Scenario
5. Field Service Management Market Size And Growth
....
26. Africa Field Service Management Market
27. Field Service Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Field Service Management Market
29. Field Service Management Market Future Outlook and Potential Analysis
30. Appendix
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