Field Service Management Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Field Service Management market size is expected to grow at a compound annual growth rate (CAGR) of 12% over the forecast period from 2021 to $3.2 billion by 2028 to $5.7 billion. Adoption of field service management solutions is higher in large enterprises and the trend is expected to continue throughout the forecast period. Field service management solutions are important for large enterprises because they have a large number of people, many documents, and need to maintain extensive customer records. Moreover, large corporations are struggling to assign work orders to field technicians and engineers. Failure to effectively manage work orders in large enterprises can increase costs and reduce productivity. This can also lead to loss of customer loyalty and market share. Large enterprises adopt field service management solutions, focusing on centrally managing business processes and critical data of people and customers.

 

Company Profile

• Oracle (US)
• Microsoft (US)
• SAP (Germany)
• IFS (Sweden)
• ServiceMax (US)
• Salesforce (US)
• Infor (US)
• Trimble (US)
• Comarch (Poland)

 

Market Segmentation

By the type, the market is primarily split into

• On-premises
• Cloud

By the application, this report covers the following segments

• Energy & Utilities
• Telecom
• Manufacturing
• Healthcare
• BFSI

 

Scope of the Report

The research study analyzes the Field Service Management Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Field Service Management Market Report

 

1. What was the Field Service Management Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Field Service Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Field Service Management Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.