Field Service Management Market report has segmented the market into five geographies covering production, consumption, revenue (million USD), and market share and growth rate of Field Service Management markets from 2017 to 2022.
New York, NY -- (SBWIRE) -- 02/22/2018 -- Study papers on Field Service Management market and regional forecast. Field Service Management market players are 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.).
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Global operations that are interlinked as business expands are more prone to management disturbances, which require unique structure that are capable of handling field operations. Field service management are a part of covering end to end track of service life cycle that are components of entire field operations. Typical components include vehicle tracking, inventory management, customer portals, and scheduling. Improper management on long term leads to increasing cost of business operations.
Various factors such as increased number of field operations in manufacturing, construction, and oil & gas sector , increased rate of Smartphone's, strategies to reduce the operational cost, and rising demand for better organization efficiency are anticipated to propel the demand for field service management over the next few years.
Introduction of cloud services which supports the integration of field and cloud based services together will act as driving force behind the surge of FSM in the future. Over the forecast period, most of the industries are anticipated to deploy FSM on the cloud, which is considered to be more secure, rather than keeping in premises.
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Implementation of mobile field execution solution provided by FSM software are among the highly preferred option for end use industries that helps in maintenance and execution of field work. Mobile field execution offers receiving alerts and reporting status which helps in gaining visibility of individual performances. Rapid industrialization and increasing population in China and India has increased the adaption rate of FSM in construction sector.
High focus on innovation which is obtained from research & development especially in developed economies such as North America, is anticipated to generate highest revenue, while Asia pacific region is expected to witness a faster growth over the forecast period. The growth in this region is primarily driven by the increasing number of cloud service providers, investments in infrastructure, growing number of Smartphone users, and many emerging industries in the region.
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The market segmentation is based on by solution, by deployment type, by enterprise, by application industry, and by region.
By solution
- Mobile field execution
- Warranty Management
- Workforce Management
- Service contract Management
- Customer Management
- Inventory Management
By Deployment
- On premises
- Cloud
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2017 to 2022? What will be the share and the growth rate of the Field Service Management Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Field Service Management market across the different regions?
- What are the challenges faced by the companies operating in the Field Service Management Market?
- What are the future prospects for the Field Service Management Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Field Service Management industry during the forecast period, 2017 to 2022?
- What are the future prospects of the Field Service Management industry for the forecast period, 2017 to 2022?
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