Cloud Field Service Management Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Microsoft Corporation, International Business Machine Corporation, Oracle Corp., Broadcom Inc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cloud Field Service Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $11.13 Bn In 2028 At A CAGR Of 15.7% :

The cloud field service management market size has grown rapidly in recent years. It will grow from $5.38 billion in 2023 to $6.21 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to increased cloud-based solutions, rise in the demand for mobility with iot, utilization of data analytics, utilization of data analytics, shifting focus towards enhancing customer experience.

The cloud field service management market size is expected to see rapid growth in the next few years. It will grow to $11.13 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to increasing industry 4.0 adoption, remote solutions, technological advancements, integration with AI and ML, mobile workforce management. Major trends in the forecast period include integration of AI, internet of things integration, cloud-based solutions, blockchain technology, continuous software updates.

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Cloud Field Service Management Market Major Segments
The cloud field service management market covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size : Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Vertical : Manufacturing, Transportation and Logistics, Construction and Real Estate, Energy and Utilities, Healthcare and Life Sciences, Retail and Consumer Goods, Banking, Financial Services, and Insurance, Telecommunications and IT, Other Verticals

Key Driver - Adoption Of Remote Work Propelling Cloud Field Service Management Growth

The increasing adoption of remote work is expected to propel the growth of the cloud field service management market going forward. Remote work is a form of work arrangement where employees perform their job responsibilities from a location other than the conventional office setting. The increasing adoption of remote work is due to numerous benefits such as cost savings for both employers and employees, work-life balance, and growing acceptance of non-traditional work arrangements. Cloud field service management provides the necessary tools and capabilities to support remote work by enabling accessibility, communication, monitoring, resource optimization, customer service, and flexibility. For instance, in September 2022, according to the United States Census Bureau, a US-based department, the number of people primarily working from home tripled from 5.7% (roughly 9 million people) to 17.9% (27.6 million people), according to the new 2021 census. Therefore, the increasing adoption of remote work is driving the growth of the cloud field service management market. 

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Prominent Trend - IoT Solutions Revolutionizing Cloud Field Service Management

Major companies operating in the cloud field service management market are focusing on technological advancements in Internet of Things integration, such as DataGuide, which provides integrated data capture and report generation capabilities. A data guide refers to providing customers with information about the data collected and its intended use and encompasses various aspects such as policy data, service outlet data items, or even printing and promotional items. For instance, in June 2022, Servicemax Technologies Private Limited, a US-based service execution management company, launched DataGuide. It enables comprehensive printing and promotional item solutions, an efficient print management system, seamless integration with field service automation products, and adherence to best practices for effective implementation.

Cloud Field Service Management Market Players
Major companies operating in the cloud field service management market are Microsoft Corporation, International Business Machine Corporation, Oracle Corp., Broadcom Inc., SAP SE, Salesforce Inc., Intuit Inc., ServiceNow Inc., Atlassian Corp., SolarWinds Corp., Work Wave LLC, Dispatch, ServiceMax Inc., Jobber, Cherwell Software LLC, Housecall Pro, Astea International Inc., Acumatica Inc., FieldEdge, FieldEZ Technologies Inc., FieldAware Inc., Mhelpdesk Inc., Kickserv Inc., MSI Data, Innovapptive Global Solutions Pvt. Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cloud field service management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud field service management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Field Service Management Market Report Structure
3. Cloud Field Service Management Market Trends And Strategies
4. Cloud Field Service Management Market - Macro Economic Scenario
5. Cloud Field Service Management Market Size And Growth
…..
27. Cloud Field Service Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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