Global Field Service Management Market 2019 Size, Share, Growth, Trends, Type, Application, Analysis and Forecast by 2026
Data
Bridge Market Research has recently added a concise research on Global Field Service Management Market
to depict valuable insights related to significant market trends driving the
industry. The report features analysis based on key opportunities and
challenges confronted by market leaders while highlighting their competitive
setting and corporate strategies for the estimated timeline. Some are the key
& emerging players that are part of coverage and have being profiled are Astea
International Inc., Oracle, ServiceMax, SAP SE, Industrial and Financial
Systems, Microsoft, Praxedo, ClickSoftware, Retriever Communications,
ServicePower, Infor, Salesforce.com Inc., Jobber, Accruent, P3C Technologies
LLC, Pointman LLC, TeamHaven Ltd., FieldAware, MSI Data, GoSpotCheck Inc.,
Fieldomobify and others
Analysis of Global Field Service
Management Market report:
Global field service management market is set to witness a healthy CAGR of 15.25% in the
forecast period of 2019 to 2026. The report contains data of the base year 2018
and historic year 2017. This rise in the market can be attributed due to the
factors such as enhanced customer satisfaction, increasing number of field
operations in manufacturing, oil & gas and reducing operational cost and
Internet of Things (IOT) is driving the growth of the market. The increasing
adoption of mobile applications and wearable devices among field workers is
also a factor to drive the growth of market.
Definition:
Field service management refers to efficient managing and handling of the company’s field operations such as managing worker activity, scheduling, locating vehicles and dispatching work, ensuring driver safety and integration of activities such as accounting, billing, and inventory. It provides various solutions for strategic allocation of operations of company to enhance the work productivity and increase the overall customer satisfaction. It helps the organization to maximize their revenues by reducing the cost incurred in operations.
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Market Drivers:
·
There is a surge in demand in the mobility solutions to gain
the real time insights in the field operations of the company which is driving
the growth of the market
·
There is an increase in the rate of adoption in the
cloud-based field service management solutions, enhancing the growth of the
market
·
There is an increasing penetration in Internet of Things
(IoT) which is driving the market growth
·
With the advent of new technologies, more opportunities are
created for new business models which is boosting the market growth
Market Restraints:
·
There are security concerns arising from the
access regarding confidential data of the companies, which is hampering the
growth of the market
·
Pressure to meet the revenue as per the demands,
somehow is hindering the market growth
Leading Key players profiled in this
report are:
Few of the major competitors currently working in the global
field service management market are Astea
International Inc., Oracle, ServiceMax, SAP SE, Industrial and Financial
Systems, Microsoft, Praxedo, ClickSoftware, Retriever Communications,
ServicePower, Infor, Salesforce.com Inc., Jobber, Accruent, P3C Technologies
LLC, Pointman LLC, TeamHaven Ltd., FieldAware, MSI Data, GoSpotCheck Inc.,
Fieldomobify and others.
Global Field Service Management
Market Segmentation:
By Component
·
Solutions
o
Schedule & Dispatch
o
Route Optimization
o
Reporting & Dashboards
o
Mobile Field Execution
o
Tracking & Performance Management
o
Work Order Management
o
Billing & Invoicing
o
Inventory Management
o
Customer Management
o
Service Contract Management
·
Services
o
Consulting
o
Integration & Implementation
o
Training & Support
By Organization Size
·
Large Enterprises
·
Small & Medium-Sized Enterprises
By Deployment Type
·
On-Premises
·
Cloud
By Industry Vertical
·
IT & Telecom
·
Healthcare & Life Sciences
·
Manufacturing
·
Transportation & Logistics
·
Construction & Real Estate
·
Energy & Utilities
·
Financial Services
By Geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
Competitive Analysis:
Global field
service management market is highly fragmented and the major players have
used various strategies such as new product launches, expansions, agreements,
joint ventures, partnerships, acquisitions, and others to increase their
footprints in this market. The report includes market shares of field service
management market for Global, Europe, North America, Asia Pacific, South
America and Middle East and Africa.
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The Global Field Service Management Market report provides
the global market size of the main players in each region. Moreover, the report
provides knowledge of the leading markets players within the Global Field
Service Management Market. The industry changing factors for the market
segments are explored in this report.
This analysis report covers the growth factors of the worldwide market
based on end-users. Market opportunities and recommendations for new
investments are also encompassed in this report.
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