[December 08, 2016] |
|
Top 3 Drivers for Field Service Management Software Market, Reports Technavio
Technavio
analysts forecast the global
field service management (FSM) software market to grow at
a CAGR of more than 11% during the forecast period, according to their
latest report.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20161208005432/en/
Technavio publishes a new market research report on the global field service management software market from 2016-2020. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global FSM
software market for 2016-2020. In this report,
Technavio estimates the market size and forecast of the global FSM
software market across segments such as deployment model, end-user, and
geography.
The growth of the global FSM software market is driven by factors
such as the growing technological developments in the field of cloud,
analytics, and mobile technologies. This supports the integration of
mobility and cloud to FSM solutions. Integration of FSM solutions with
technologies such as mobile wireless, geographic information systems
(GIS), and remote asset monitoring are expected to further stimulate the
growth of the market.
Request a sample report: http://www.technavio.com/request-a-sample?report=54870
Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Technavio ICT
analysts highlight the following three factors that are contributing to
the growth of the global FSM softwre market:
-
Increased demand for SaaS (News - Alert)-based FSM solutions
-
Increased need to control and reduce service cost
-
Increased need to drive workforce productivity
Increased demand for SaaS-based FSM solutions
With the rise of cloud computing in the global FSM market, many
enterprises are opting to host their software solutions off-site. For
these enterprises, switching to a cloud-based SaaS
model eases the burden on IT departments and allows external service
providers to provide support and maintenance to their users.
Ishmeet Kaur, a lead enterprise
application research analyst at Technavio, says, "Enterprises
of all sizes are deploying SaaS-based solutions as it is economical, can
be accessed from anywhere and provides all functionalities at the lowest
total cost of ownership."
Increased need to control and reduce service cost
One of the biggest threats faced by large enterprises in running a
business is controlling operating costs and overheads. The quality of
customer service has become an increasingly important criterion for
enterprises to differentiate themselves in the market. Therefore, large
enterprises are focusing excelling in delivering services and retaining
customers.
"FSM solution helps enterprises to streamline their workflow as it
gives a real-time view into the work status of the employees in the
field, enabling the enterprises to allocate assets accordingly,"
adds Ishmeet.
Increased need to drive workforce productivity
With the constant pressure on enterprises to maintain profit margins and
gain a competitive advantage in the market, tracking of field resources
has become very critical. Enterprises are giving prominence to the
adoption of FSM solutions because it helps streamline business
processes and improve workforce productivity, without increasing the
size of the field-based workforce.
Field service management helps enterprises to place the right
person on the job to resolve the issues faster, boost employee
productivity, and customer satisfaction. FSM solutions systematically
prioritize and schedule work processes. In addition, it reduces the
scheduling lag, speeds up collaboration between processes, and thus
increases workforce productivity.
Top vendors:
-
Astea International
-
ClickSoftware (News - Alert)
-
IFS
-
Oracle
-
SAP
-
ServiceMax
Browse Related Reports:
Do you need a report on a market in a specific geographical cluster
or country but can't find what you're looking for? Don't worry,
Technavio also takes client requests. Please contact [email protected]
with your requirements and our analysts will be happy to create a
customized report just for you.
About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20161208005432/en/
[ Back To Mobile World Congress's Homepage ]
|