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Cloud Field Service Management Market by Solution, Service, Organization Size, Deployment Model, Vertical And Region - Global Forecast to 2022

Cloud Field Service Management Market: Global Forecast until 2022

  • September 2017
  • 141 pages
  • ID: 5106677
In this report:
The energy and utilities vertical is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.
As a result of this, the scheduling and dispatch segment is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% during the forecast period.

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Increasing demand to improve operational productivity and reduce operating costs, and the emergence of Internet of Things are the main factors driving the rise of the cloud Field Service Management market.

The overall cloud FSM market size is forecasted to grow from $1013.20M in 2017 to $2254.50M by 2022, at a Compound Annual Rise rate of 17.30 percent during the forecast period. The cloud FSM market increase is influenced by several factors, including the need for business agility, demand for faster deployment and scalability, growing awareness about the cloud technology among firms globally, and the necessity to minimize the cost of ownership. Nevertheless, companies face some obstacles, due to lack of awareness about cloud FSM solutions and the concerns concerning regulatory compliance.

The mobile FSM solution is envisaged to have the highest rise rate during the outlook period.

Mobile FSM solutions enable field employees to plan their routes efficiently. Furthermore, field operations can be easily automated using mobile FSM solutions, leading to enhanced service delivery and Return on Investment. Managers can easily locate their field employees using the mobile FSM solutions, which provide real-time location updates.

The integration and migration service is planned to have the maximum growth rate during the estimate period.

Integration and migration services help institutions deploy the cloud FSM solutions in the most appropriate way. Integration and migration services also offer different benefits, containing desired business outcomes, faster time to market, enhanced service delivery, and reduced costs. Implementing the correct cloud FSM solution in the right manner allows clients to perform their daily tasks more efficiently and rapidly.

North America continent is projected to have the biggest market share in 2017, while Asia Pacific (APAC) is intended to have the highest compound annual growth rate (CAGR) during the outlook period.

North America (NA) is forecasted to have the biggest industry size during the estimate period, as institutions in the area are shifting toward cloud-based solutions and services due to the rising adoption of digital business strategies. Moreover, North American organizations are investing significantly on advanced technologies to benefit a competitive market advantage and improve business operations.

The APAC area is forecast to be the quickest-increasing area in the overall cloud FSM market during the outlook period. The top reasons for the high increase rate in Asia-Pacific contain the positive economic outlook in the territory, rised spending on Information Technology infrastructure, and the focus of cloud FSM solutions to drive customer experience and improve operational issues.

The break-up of the profiles of the primary participants is presented below:

• By Organization: Tier I - 43.0 percent, Tier II - 35.0 percent, and Tier III - 22.0 percent

• By Description: C-suite - 60.0 percent, D-Level - 25.0 percent, and Others - 15.0 percent

• By Area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

The following main cloud FSM providers are profiled in the analysis:

1. Industrial and Financial Systems AB

Segment Research

The cloud FSM market has been split on the basis of types, organization size, deployment models, verticals, and localities. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, services, top strategies, new service launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the cloud FSM market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the cloud FSM market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

• this business report benefits partners better comprehend their players and obtain additional insights to enhance their rank in the sector. The competitive outlook section includes the vendor comparison of the top market actors in the cloud FSM market.

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