Soaring Demand Set to Propel Cloud Field Service Management Market to $12.31 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Cloud Field Service Management Market Through 2025?
In the past few years, there has been a significant expansion in the cloud field service management market. The market size is set to increase from $6.21 billion in 2024 to $7.2 billion in 2025, with a compound annual growth rate (CAGR) of 15.9%. A surge in cloud-based solutions, increasing requirement for mobility through IoT, extensive use of data analytics, and a shift in focus towards improving customer experience are believed to be the key drivers behind this growth in the historic period.

What's the Projected Size of the Global Cloud Field Service Management Market by 2029?
The market size for cloud field service management is predicted to experience swift expansion in the coming years, reaching $12.31 billion in 2029 with a compound annual growth rate (CAGR) of 14.3%. This growth during the forecast period is likely due to the increasing adoption of industry 4.0, remote solutions, advancements in technology, and integration with artificial intelligence (AI) and machine learning (ML), as well as mobile workforce management. Key trends during the estimated period includes the integration of AI, the incorporation of the internet of things, cloud-based solutions, deployment of blockchain technology, and ongoing software updates.

View the full report here:
https://www.thebusinessresearchcompany.com/report/cloud-field-service-management-global-market-report

Top Growth Drivers in the Cloud Field Service Management Industry: What's Accelerating the Market?
The expected surge in the cloud field service management market is due to the rising trend of remote work. This non-traditional work set-up allows employees to fulfil their job tasks outside the traditional office environment. The advantages like saved expenses for both the employers and workers, improved work-life harmony, and an increasing acceptance of unorthodox work structures are spurring this trend. Cloud field service management offers the needed facilities and proficiency to bolster remote work by offering accessibility, communication, resource management, customer service, tracking, and flexibility. For example, as indicated by Buffer, a US-based software and online service devoted primarily to social media management, in February 2023, the desire to work remotely, at least on a part-time basis, was expressed by 98% of survey respondents for the remainder of their working lives, a slight rise from 97% in 2022. Furthermore, 98% would advocate for remote work to others, also an increase from 97% the previous year. Thus, the escalating preference for remote work is fuelling the expansion of the cloud field service management market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14672&type=smp

What Trends Will Shape the Cloud Field Service Management Market Through 2029 and Beyond?
Prominent corporations in the cloud field service management market are prioritizing technological innovation surrounding the integration of Internet of Things, such as DataGuide that delivers combined data acquisition and report development features. A data guide pertains to giving clients detailed information about the compiled data and the purpose it is meant to serve, covering various facets like policy data, service outlet data components, and even printing and promotional materials. For example, in June 2022, Servicemax Technologies Private Limited, a US-based firm specializing in service execution management, introduced DataGuide. This tool offers all-encompassing solutions for printing and promotional items, an effective print management system, flawless integration with field service automation products, and compliance with best practices to ensure successful implementation.

What Are the Main Segments in the Cloud Field Service Management Market?
The cloud field service managementmarket 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

Subsegments:
1) By Solution: Cloud-Based Scheduling And Dispatching Software, Workforce Management Solutions, Mobile Field Service Applications, Asset and Inventory Management, Customer Relationship Management (CRM) Solutions, Field Service Analytics and Reporting Tools, Contract Management Software, Invoicing and Billing Solutions, Service Parts Management Solutions
2) By Service: Consulting Services, Implementation And Integration Services, Training And Education Services, Support And Maintenance Services, Managed Services, Customization And Personalization Services, Data Security And Compliance Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14672&type=smp

Which Top Companies are Driving Growth in the Cloud Field Service Management Market?
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.

Which Regions Will Dominate the Cloud Field Service Management Market Through 2029?
North America was the largest region in the cloud field service management market in 2024. 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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14672

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.