Field Service Management Market Scope
The global Field Service Management market is expected to witness high growth due to the increasing demand for time and cost-effective solutions.s. Field service management refers to efficiently managing and handling the companyís 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. The rising need to differentiate services, increase customer satisfaction, lower the labor costs, and improve overall efficiency and productivity transcends business size, particularly in highly-competitive markets.
The market study is segmented and major geographies with country level break-up. According to AMA, the Global Field Service Management market is expected to see growth rate of 14.44%
The global Field Service Management market remains quite fragmented though the demand for Field Service Management software solutions over the past several years has been consistent. Various key players of pre-packaged FSM software solutions exist, but no single FSM vendor has ever dominated the global market or any regional markets. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Field Service Management market throughout the predicted period.
Microsoft (United States), IFS (Sweden), Oracle (United States), ClickSoftware (United States), SAP (Germany), ServiceMax (United States), Astea (United States), Comarch (Poland), Salesforce (United States) and Trimble (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Infor (United States), OverIT (Italy), ServicePower (United States), FieldAware (United States), GEOCONCEPT (France), FieldEZ (India) and Zinier (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Field Service Management market by Type, Application and Region.
On the basis of geography, the market of Field Service Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 9th April 2019, Astea International Inc., partners to integrate Baxter Planningís service parts planning software into the Astea Alliance Enterprise field service management and mobility platform to offer large, complex service organizations, reduced total inventory carrying costs.
On 26th February 2019, ServiceMax acquired Zinc Inc., which enabled ServiceMax to expand the comprehensive service execution management platform, which has, in turn, enhanced the customer experience as well as met the challenges of the service workforce. It provides all mode of communication that involves technicians, so as to fetch help instantly, solve complex problems and receive updates and information about the company
- The rise in the adoption of mobile devices in several service segments has helped the task of inventory management. In the recent market scenario, inventory management systems are deployed in several mobile devices to help service organizations to leverage data collected from the field to improve their parts planning and forecast.
- High Adoption of Mobility Solutions To Gain Real-Time Visibility Into Field Operations
- High Demand for Cloud-Based Field Service Management Solutions
- Maximizing Work Efficiencies With The Help Of Advanced Technologies
- The Technological Advancement associated with Field Service Management
- Security Concerns Of Organizations Related To Data Confidentiality
- Selecting The Right Solution That Aligns With The Organizationís Business Needs
Key Target AudienceField Service Management Providers, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase