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Field Service Management Market Size Worth $4.1 Billion By 2025: Grand View Research, Inc.SAN FRANCISCO, August 9, 2017 /PRNewswire/ -- The global field service management (FSM) market is expected to reach USD 4.16 billion by 2025, according to a new report conducted by Grand View Research, Inc. Various other factors such as improper management of inventory, increased inventory cycle time, increased holding cost, increased ordering cost and incorrect information about the stock further increase the cost of business operations. FSM software helps to fortify the functionality of the service industry while improving overall profitability. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) The main forces which are driving the market include the increase in number of field operations across manufacturing, oil & gas and construction sector., increase in the use of smartphone devices, and rising demand for better organizational efficiency and reduced cost of operations. The advancement of cloud services, supports the integration of cloud to the FSM software. This is expected to surge the FSM market growth over the next nine years. Over the forecast period, most of the end use industries are expected to deploy the FSM software on the cloud rather than on the premise. The global field service management market is anticipated to witness a high growth over the forecast period. The high presence of smartphones and tablets are playing an important role in the overall growth of the FSM industry globally. FSM solutions are also compatible with next generation smartphone operating systems, further boosting their importance across the competitive landscape. Browse full research report with TOC on "Field Service Management (FSM) Market Analysis By Service (Implementation, Training & Support, Consulting & Advisory), By Deployment (On-premise, Cloud), By Enterprise, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/field-service-management-market Further key findings from the report suggest:
Grand View Research has segmented the global field service management market on the basis of solution, deployment, service, enterprise, application and region:
Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/technology About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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