Press release
Field Service Management Market Size, Share, Trends, Growth Outlook And Forecast 2023-2032
Field Service Management Market
The Business Research Company's Field Service Management Global Market Report 2023 identifies increasing adoption of automation and digitalization as the major driver for the Field Service Management market's growth in the forecast period. Automation and digitalization are used for the automatic execution of tasks at a particular interval with the use of digital technology. The advantages of adopting automation and digitalization in field service management are optimal utilization of resources, effective tracking and monitoring of resources, and lower operational costs.
The global field service management market size grew from $3.61 billion in 2022 to $4.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The field service management market size is expected to grow to $7.08 billion in 2027 at a CAGR of 13.7%.
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Major competitors in the Field Service Management market are Accruent, Acumatica, Astea International Inc., ClickSoftware Technologies, Comarch, FieldAware Group Ltd., Geoconcept SAS.
A key trend in the Field Service Management market includes increasing availability of SaaS solutions. Software as a service (SaaS) is an abbreviation that refers to a software distribution model in which a cloud provider hosts applications for simple access by end-users. The advantages of SaaS solutions are ease of access, minimal setup time, and customizability based on the requirements. SaaS solutions are widely incorporated in field service management to effectively track and manage resources. For instance, in October 2021, Opsivity, Inc., an Australia-based field service management company launched its SaaS services in the US market.
Read More On The Global Field Service Management Market Report Here:
https://www.thebusinessresearchcompany.com/report/field-service-management-global-market-report
The Field Service Management market is segmented -
• By Component: Solution, Services
• By Deployment Type: On-Premise, Cloud
• By Application: Energy And Utilities, Telecom, Manufacturing, Healthcare, BFSI, Construction And Real Estate, Transportation And Logistics, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Field Service Management market.
The Business Research Company's "Global Field Service Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Field Service Management Market Include:
1. Executive Summary
2. Field Service Management Market Characteristics
3. Field Service Management Market Trends And Strategies
4. Field Service Management Market - Macro Economic Scenario
5. Field Service Management Market Size And Growth
……………………………………………………………………..
26. Africa Field Service Management Market
27. Field Service Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Field Service Management Market
29. Field Service Management Market Future Outlook and Potential Analysis
30. Appendix
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