Published Date: 18-Nov-2021
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According to a new report Global Field Service Management Market, published by KBV research, The Global Field Service Management Market size is expected to reach $7 billion by 2027, rising at a market growth of 11.5% CAGR during the forecast period.
The solutions segment obtained the prominent revenue share of the field service management market during the forecasting period. Field service management solutions offer several services like inventory management, work order management, scheduling, and dispatching to streamline the work of the employees, streamline the workforce in companies, and offer them time to increase their focus on main business aspects.
The large enterprises segment is expected to obtain the maximum revenue share of the global field service management market during the forecasting period. The organizations are enabled to reap the benefits of FSM due to affordability and developed countries. There are several departments and a decentralized workforce in large enterprises. There is massive adoption of field service management solutions among large enterprises and the trend is likely to unfold even during the forecasting period.
The growth & demand for the transportation and logistics segment in the FSM market would be boosted by the requirement for on-time service delivery and decreased operational cost in order to improve performance and customer satisfaction. By using field service management solutions, enterprises in the transportation and logistics segment to effectively move people and goods from one location to another.
The North American region is likely to procure the maximum revenue share of the FSM market. It is attributed to the early adoption of FSM solutions by the companies operating in the regional market. Europe would exhibit a prominent growth rate during the forecast period. Factor such as massive adoption of automation in present manual field service processes is expected to boost the growth & demand for FSM solutions in the regional market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, IBM Corporation, SAP SE, Oracle Corporation, Salesforce.com, Inc., Tata Consultancy Services Ltd., Tech Mahindra Limited, Trimble, Inc., Comarch SA, and Infor, Inc. (Koch Industries).
By Deployment Type
By Enterprise Size
By End User
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