Field Service Management market Forecast to 2028 | CAGR 13.9%

Posted on Jan 24 2023 5:36 AM

"Field Service Management (FSM) Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Application (Work Order Management, Schedule, Dispatch, and Route Optimization, Customer Management, Inventory Management, Service Contract Management, Reporting & Analytics), By Deployment (Cloud, On-Premise), By Enterprise Size (Large Enterprises, Small & Medium Size Enterprises), By Vertical (BFSI, IT and Telecommunication, Healthcare & Life Sciences, Manufacturing, Transportation & Logistics, Construction & Heavy Equipment), and Regional Forecast, 2023-2028 "

The global “Field Service Management market Size in 2023” is expected to rise with an impressive CAGR and generate the highest revenue by 2028. Fortune Business Insights™ in its latest report published this information. The report is titled "Field Service Management market Size, Share & Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Field Service Management market share, types, applications, growth factor, key players and regions.

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Field Service Management Market Size Projections:

USD 8.06 Billion by 2028

USD 2.87 Billion in 2020

CAGR: 13.9%

Report Highlights:

  • A comprehensive overview of the Field Service Management market in 2023
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Field Service Management market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends


Factors affecting the growth of Field Service Management market (2023-2028)

  • Increasing demand for field service management solutions to improve efficiency and productivity in various industries, such as telecommunications, utilities, and oil and gas.
  • The growing adoption of internet of things (IoT) and wearable devices, which can be used to track and manage field service operations.
  • Rising government initiatives and regulations promoting the use of field service management solutions, such as mandatory safety standards for field technicians.
  • Increasing competition and the emergence of new players in the market, leading to the development of new and innovative field service management solutions.


List of Top Key Manufacturers for Field Service Management market:

  • ServiceMax, Inc. (California, U.S.)
  • Oracle Corporation (California, U.S.)
  • IFS AB (Industrial and Financial Systems) (Linköping, Sweden)
  • com, Inc (ClickSoftware) (California, U.S.)
  • PRAXEDO (Paris, Ile de France)
  • Infor, Inc. (New York, U.S.)
  • Comarch SA (Kraków, Poland)
  • OverIT S.p.A. (Fiume Veneto, Italy)
  • FieldAware Group Ltd. (Texas, U.S.)
  • GEOCONCEPT SAS (Bagneux, France)

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Some of the Key Questions Answered in this Report:

  • Detailed Overview of Field Service Management market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Field Service Management market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global Field Service Management market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Field Service Management market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Field Service Management market demand?

The Field Service Management market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Key Points from TOC:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
5. Global Field Service Management market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….