DUBLIN--(BUSINESS WIRE)--The "Global Field Service Management Market (2021-2027) by Component, Organization Size, Deployment Mode, Vertical, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Field Service Management Market is estimated to be USD 3.95 Bn in 2021 and is expected to reach USD 8.44 Bn by 2027, growing at a CAGR of 13.5%.
Significant factors driving The Global Field Service Management market are increasing penetration in the Internet of Things (IoT), rising demand in mobility solutions to gain real-time insights, and increasing adoption of cloud-based solutions. It also improves workforce productivity and streamlines the business process without increasing the size of the field-based workforce. An increase in demand for mobility for getting real-time visibility in field operations and a surge in adoption of automation & digitalization in the field services industry is also fuelling the growth of the market.
However, the lack of skilled workforce to operate on-field management service systems, security concerns of organizations related to data confidentiality, and pressure to meet the revenue as per the demands are the restraining factor for the market growth.
Market Dynamics
Drivers
- Increasing Penetration in the Internet Of Things (Iot)
- Rising Demand for Mobility Solutions to Gain Real-Time Insights
- Increasing Adoption of Cloud-Based Solutions
Restraints
- Security Concerns of Organizations Related to Data Confidentiality
- The Pressure to Meet The Revenue as per The Demands
Opportunities
- The Emergence of Technologies, such as Augmented Reality
- New Sales Opportunities by Technicians and CRM
Challenges
- Selecting Solutions that Align With Organizational Business Needs
- The Outbreak of Pandemics/Epidemics
- Data Confidentiality Concerns and Integration Issues
Global Field Service Management Market, By Component
- Introduction
- Solutions
- Schedule, Dispatch, and Route Optimization
- Customer Management
- Work Order Management
- Inventory Management
- Service Contract Management
- Reporting and Analytics
- Other Solutions
- Services
- Consulting
- Integration and Implementation
- Training and Support
Global Field Service Management Market, By Organization Size
- Introduction
- Large Enterprises
- Small and Medium-Sized Enterprises
Global Field Service Management Market, By Deployment Mode
- Introduction
- Cloud
- On-premises
Global Field Service Management Market, By Vertical
- Introduction
- Healthcare
- IT and ITES
- Manufacturing
- Telecom
- Construction and Real Estate
- Transportation and Logistics
- Oil and Gas
- Energy and Utilities
- Other Verticals
Global Field Service Management Market, By Geography
- Introduction
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
Company Profiles
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- IFS AB
- Salesforce.com Inc.
- Trimble Inc.
- Comarch SA
- Accruent LLC
- Praxedo
- FieldAware US Inc.
- Jobber
- ServiceTitan Inc.
- Zinier Inc.
- GeoConcept SAS
- Teradata Corporation
- Adobe Inc.
- Cisco Systems Inc.
- IBM Corporation
- ServiceMax Inc.
- Mize Inc.
For more information about this report visit https://www.researchandmarkets.com/r/apom6u
