The global research report titled ‘Global Field Service Management Market’ recently published by Reports and Data is formulated with an aim to provide valuable insights and guidance to the businesses and new entrants. The report focuses on the major leaders of the global Field Service Management market along with company profiles, product portfolios, manufacturing and production capacity, financial standings, and global position in the market. The crucial factor driving the growth of this industry is the rising investment in the market and its key segments.
The global Field Service Management market was valued at USD 3.58 Billion in 2019 and is expected to reach USD 10.78 Billion by the year 2027, at a CAGR of 11.4%.
The report on the Global Field Service Management Market analyzes the impact of the COIVD-19 pandemic on the Field Service Management industry. Since its outbreak, the virus-induced illness has spread across the world, compelling the WHO to declare it as a public health emergency. Moreover, COVID-19 has impacted the market by disrupting the supply chains, production, and demand, and brought about a financial slowdown and uncertainty on the markets. The pandemic is anticipated to affect the Field Service Management industry, and the report gives a rundown of the present and future impact analysis of the pandemic on the market.
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The report on the Global Field Service Management Market is an investigative study that focuses on the important business aspects such as recent developments, technology advancements, and various products and processes developments. The report is formulated via a thorough primary and secondary research with data insights from industry experts and professionals.
The report further studies the major competitors of the Field Service Management market in the industry to provide a comprehensive overview of the competitive landscape. Key factors such as productivity, manufacturing and production capacity, demand and supply ratio, among others, are also discussed in the report. The key companies profiled in the report are IFS, SAP, Oracle, Microsoft, Astea, Infor, Trimble, Comarch, Clicksoftware, and Overit, among others. Moreover, the report also analyses the key business initiatives undertaken by companies such as mergers and acquisitions, joint ventures, collaborations, and partnerships, among others.
To gain a better understanding of the competitive landscape, the report further analyses the companies operating in the key regions. The regional analysis includes examinations of the major geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report covers import/export ratio, supply and demand trends and patterns, production and consumption ratio, revenue generation, gross profit and margin, and other vital factors.
Component Outlook (Revenue, USD Billion; 2016-2026)
• Solution
• Services
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
• Large Enterprise
• Small and Medium Enterprise
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
• On-Premises
• Cloud
Vertical Outlook (Revenue, USD Billion; 2016-2026)
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Construction and Real Estate
• Transportation and Logistics
• Others
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Further key findings from the report suggest
• Solution segment held the larger market share of 63.5% in the year 2018. The solution system empowers organizations with a centralized platform to manage their field operations efficiently.
• Large enterprises are forecasted to grow with a CAGR of 17.7% during the forecast period. For large organizations, increasing visibility between the office and field is very crucial. Enterprises have multiple fleets focus on integrating information across all business units.
• Cloud-base field service management provides businesses the convenience and flexibility to run their business more efficiently in the office as well as out in the field. Some benefits of cloud-base field services management are; it allows remote access, offers security and data backup, it is paperless, and also provide real-time information. The segment is forecasted to grow with a CAGR of 17.4% during the forecast period.
• Manufacturing sector held the largest market share of 24.8% in the year 2018. Field service management is an active area of investment for manufacturers, as they seek to respond to the call for greater customer-centricity. Manufacturers are planning to purchase, upgrade, or enhance their service delivery applications in the coming year, and field service management applications, are one of the major components of service delivery…Continued
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