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Field Service Management Market Worth 3.61 Billion USD by 2021
[March 15, 2017]

Field Service Management Market Worth 3.61 Billion USD by 2021


PUNE, India, March 15, 2017 /PRNewswire/ --

According to a new market research report "Field Service Management Market by Solution (Schedule & Dispatch, Work Order Management, Mobile Field Execution), Service (Implementation, Training, Consulting), Deployment Type, User Type, Industry Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the FSM market is estimated to grow from USD 1.78 Billion in 2016 to USD 3.61 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.1%.

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Browse 73 market data Tables and 60 Figures spread through 146 Pages and in-depth TOC on "Field Service Management Market"
http://www.marketsandmarkets.com/Market-Reports/field-service-management-market-209977425.html
Early buyers will receive 10% customization on this report.

The major forces driving this market include need for highly scalable centralized system for the management of field services and real-time collaboration, increased usage of mobile devices, and growing demand for improved enterprise efficiencies and reduced operational costs. The FSM solutions and services are used across diverse industrial verticals, such as construction & real estate, manufacturing; transportation & logistics; energy & utilities; healthcare; telecom & IT; financial services; and other industries, such as retail, automotive, and hospitality.

Mobile field execution solution is estimated to hold the largest market size in the FSM solution market in 2016 

Mobile field execution is gaining traction among FSM solutions as these solutions enable users, both internal and external to an organization, to leverage real-time collaboration capabilities. The mobile field execution provided by FSM vendors can be integrated with other applications used in organizations or can be used independently, to improve collaboration and communication among workforce.

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Cloud deployment type is expected to be the largest contributor to the FSM market during the forecast period 

The cloud deployment model is fast becoming an attactive option for the delivery of FSM solutions, as it enables organizations to decrease the cost associated with IT infrastructure and its maintenance. Furthermore, cloud deployment is a major business driver for the FSM market, as it empowers organizations to increase their businesses by offering FSM solutions to distributed enterprises spread across the world.

The North American region is expected to contribute the maximum market share to the overall FSM market 

The high adoption of cloud technology in North America, particularly in the U.S. and Canada, is the major reason for the continuous adoption of FSM solutions and services by the end-users. The growing technological developments in the field of cloud, analytics, and the emergence of Bring Your Own Device (BYOD) have led to the high adoption of FSM in North America and Europe. Furthermore, the market is in the emerging stage in the regions of Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America owing to the increased focus on digital workplace transformation initiatives and increase in IT investment.


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The major vendors in the Field Service Management Market include Oracle Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), ClickSoftware Technologies (U.S.), Industrial And Financial Systems AB (Sweden), ServicePower Technologies PLC (U.K.), ServiceMax Inc. (U.S.), Infor (U.S.), and Astea International Inc. (U.S.).

Browse Related Report 

Fleet Management Market By Deployment Type, Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System,) Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/fleet-management-systems-market-1020.html

Enterprise Asset Management Market By Software Application (Linear Assets, Non-Linear Assets, Field Service Management, Assets MRO), Service (Implementation, Managed Services, Training & Support) - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/enterprise-asset-management-market-54576143.html

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About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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