San Francisco, 27 February 2019: The Report Field Service Management (FSM) Market Analysis By Service (Implementation,
Training & Support, Consulting & Advisory), By Deployment (On-premise,
Cloud), By Enterprise, And Segment Forecasts, 2018 - 2025
The global field service management (FSM) market is expected to reach USD 4.16 billion by 2025, according
to a new report conducted by Grand View Research, Inc. Various other factors
such as improper management of inventory, increased inventory cycle time,
increased holding cost, increased ordering cost and incorrect information about
the stock further increase the cost of business operations. FSM software helps
to fortify the functionality of the service industry while improving overall
profitability.
The main forces which are driving the
market include the increase in number of field operations across manufacturing,
oil & gas and construction sector., increase in the use of smartphone
devices, and rising demand for better organizational efficiency and reduced
cost of operations. The advancement of cloud services, supports the integration
of cloud to the FSM software. This is expected to surge the FSM market growth
over the next nine years. Over the forecast period, most of the end use
industries are expected to deploy the FSM software on the cloud rather than on
the premise.
The global field service management market
is anticipated to witness a high growth over the forecast period. The high
presence of smartphones and tablets are playing an important role in the
overall growth of the FSM industry globally. FSM solutions are also compatible
with next generation smartphone operating systems, further boosting their
importance across the competitive landscape.
Access Research Report of Field Service
Management Market @ www.grandviewresearch.com/industry-analysis/field-service-management-market
Further key findings from the report suggest:
· The mobile field execution solution
provided by the FSM software is the most preferred solution by the end use
industries which helps in execution and maintenance of field work by
technicians, reporting status, receiving alerts, gain visibility to individual
performance.
· Most of the end use industries such as
utilities, healthcare, IT among others are moving from on-premise deployment to
cloud deployment of the FSM software as it enables faster deployment speeds and
reduces upfront costs.
· As compared to the small and medium
enterprises, the large enterprises are increasingly adopting the FSM software
for the management of large on field technicians and employees who work on
field.
· The FSM software is being increasingly
adopted across the construction industry due to the rapid industrialization and
increasing population particularly in developing countries such as China and
India.
· The FSM market is in the developing stage
in the regions of Asia-Pacific, Middle East & Africa, and Latin America due
to their increase in investment in IT sector and increased focus on digital
workplace transformation initiatives.
· The key purveyors in this industry comprise
Accenture, Cisco Systems, Astea International, Inc., Comarch, ClickSoftware
Technologies, Klugo, Infor, SAP, ServiceMax, Trimble Navigation Limited, among
others.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the
global field service management market on the basis of solution, deployment,
service, enterprise, application and region:
Field Service Management Solution Outlook
(Revenue, USD Million; 2014 - 2025)
·
Mobile Field Execution
·
Service Contract Management
·
Warranty Management
·
Workforce Management
·
Customer Management
·
Inventory Management
·
Others
Field Service Management Deployment Outlook
(Revenue, USD Million; 2014 - 2025)
·
On-premise
·
Cloud
Field Service Management Service Outlook
(Revenue, USD Million; 2014 - 2025)
·
Implementation
·
Training & support
·
Consulting & advisory
Field Service Management Enterprise Outlook
(Revenue, USD Million; 2014 - 2025)
·
Small & medium enterprises
·
Large enterprises
Field Service Management Application
Outlook (Revenue, USD Million; 2014 - 2025)
·
Energy & Utilities
·
Telecom
·
Manufacturing
·
Healthcare
·
BFSI
·
Construction & Real Estate
·
Transportation & Logistics
·
Others
Material Handling Equipment Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Field Service Management Market@ www.grandviewresearch.com/press-release/global-field-service-management-fsm-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment