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Field Service Management Market by Solution, Service, Deployment Type, User Type, Industry Vertical, and Region - Global Forecast to 2021

Field Service Management Market: Global Forecast until 2021

  • March 2017
  • 148 pages
  • ID: 4784297
In this report:
The market size in APAC is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at a CAGR of ##.##% during the forecast period, because of government initiatives to boost the manufacturing sector in emerging countries, such as India and China.
The market size of the deployment type segment is expected to grow from USD ##,##.## million in 2016 to USD ##.## million by 2021, at a CAGR of ##.##% during the forecast period.

Summary

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"The increasing need for a highly scalable centralized system for the management of field services is predicted to push the Field Service Management market"

The FSM market size is forecasted to grow from ~$1.8B in 2016 to ~$3.6B by 2021, at a CAGR of 15.10 percent. The FSM market is influenced by Elements such as need for a centralized system for the management of field services, need for real-time collaboration, together with the ever-evolving demand for growing operational efficiency and reducing operational costs. Nevertheless, security concerns with respect to access to confidential data and lack of awareness about the benefits of FSM solutions limit the increase of the market.

"Mobile field execution solution segment is anticipated to increase at the maximal compound annual growth rate (CAGR) during the outlook period"

Due to increasing need for fast service delivery, real-time collaboration, and scalable solution to accomplish improved customer experience, the mobile field execution solution is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period.

"Implementation services segment is forecasted to contribute to the most important market share during the outlook period"

In terms of services, implementation is the more considerable contributing services segment. The implementation services segment offers end-to-end support to organizations, which is the main reason for its higher adoption. The implementation services type is gaining traction in the FSM market as it benefits institutions in identifying the project scope; designing the plan layout; optimizing data quality & delivery through testing, building, and deploying, and integrating FSM solutions with clients existing systems suiting the organizational business needs; and assisting trained professionals in enabling the smooth implementation of FSM solutions.

"Asia-Pac is forecasted to have the maximum growth rate during the estimate period"

Asia Pacific (APAC) includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying FSM solutions. Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. This is primarily due to the rising number of cloud service providers, market investments in infrastructure, smartphone users, and many emerging sectors in the territory. The North American area is forecast to be the biggest revenue-generating area for FSM solution and service providers in 2016. This is due to the high focus on innovative products and technology adoption, especially in the developed economies of North America.

Comprehensive interviews were managed with the CEOs, marketing directors, other innovation & technology directors, and executives from numerous main institutions operating in the FSM market place.

- By company category: Tier 1: 41.0 percent, Tier 2: 38.0 percent, and Tier 3: 21.0 percent

- By description: C-suite: 73.0 percent, D-level: 17.0 percent, and Others: 10.0 percent

- By area: North America continent: 58.0 percent, Europe (EU): 17.0 percent, Asia-Pac: 18.0 percent, and RoW: 7.0 percent

The industry report includes the study of top players offering FSM solutions and services: Oracle Corporation, SAP SE, IBM Corporation, Microsoft Corporation, ClickSoftware Technologies, Industrial And Financial Systems AB, ServicePower Technologies PLC, ServiceMax Inc., Infor, and Astea International Inc..

Segment Research

The study includes detailed competitive study of these main actors in the FSM market with their company descriptions; Strengths, Weaknesses, Possibilities, and Threats review; recent evolutions; and key industries strategies. The research document breaks down the FSM market by solution and service, deployment type, user type, sector vertical, and area.

Reasons to Buy the Report

The FSM market has been broken down by solutions and services, deployment type, user type, market, and area. This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the FSM market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the end-users and localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners to better find out the players and obtain additional insights to better their rank in business. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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