Global Field Service Management Market to witness steady growth at CAGR of 15.25% during the foreca

Definition:

Field service management refers to efficient managing and handling of the company’s field operations such as managing worker activity, scheduling, locating vehicles and dispatching work, ensuring driver safety and integration of activities such as accounting, billing, and inventory. It provides various solutions for strategic allocation of operations of company to enhance the work productivity and increase the overall customer satisfaction. It helps the organization to maximize their revenues by reducing the cost incurred in operations.

Analysis of Global Field Service Management Market report:

Global field service management market is set to witness a healthy CAGR of 15.25% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to the factors such as enhanced customer satisfaction, increasing number of field operations in manufacturing, oil & gas and reducing operational cost and Internet of Things (IOT) is driving the growth of the market. The increasing adoption of mobile applications and wearable devices among field workers is also a factor to drive the growth of market.

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Market Drivers:

• There is a surge in demand in the mobility solutions to gain the real time insights in the field operations of the company which is driving the growth of the market
• There is an increase in the rate of adoption in the cloud-based field service management solutions, enhancing the growth of the market
• There is an increasing penetration in Internet of Things (IoT) which is driving the market growth
• With the advent of new technologies, more opportunities are created for new business models which is boosting the market growth

Market Restraints:

• There are security concerns arising from the access regarding confidential data of the companies, which is hampering the growth of the market
• Pressure to meet the revenue as per the demands, somehow is hindering the market growth

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global field service management market are Astea International Inc., Oracle, ServiceMax, SAP SE, Industrial and Financial Systems, Microsoft, Praxedo, ClickSoftware, Retriever Communications, ServicePower, Infor, Salesforce.com Inc., Jobber, Accruent, P3C Technologies LLC, Pointman LLC, TeamHaven Ltd., FieldAware, MSI Data, GoSpotCheck Inc., Fieldomobify and others.

Global Field Service Management Market Segmentation:

By Component

• Solutions
• Schedule & Dispatch
• Route Optimization
• Reporting & Dashboards
• Mobile Field Execution
• Tracking & Performance Management
• Work Order Management
• Billing & Invoicing
• Inventory Management
• Customer Management
• Service Contract Management
• Services
• Consulting
• Integration & Implementation
• Training & Support

By Organization Size

• Large Enterprises
• Small & Medium-Sized Enterprises

By Deployment Type

• On-Premises
• Cloud

By Industry Vertical

• IT & Telecom
• Healthcare & Life Sciences
• Manufacturing
• Transportation & Logistics
• Construction & Real Estate
• Energy & Utilities
• Financial Services

By Geography

• North America
• South America
• Europe
• Asia-Pacific

Competitive Analysis:

Global field service management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of field service management market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

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The Global Field Service Management Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Field Service Management Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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