Field Service Management Market Share

8 field service management market by organization size page no.

Field service management market share.

The global field service management market is majorly being driven by the rising demand for mobility solutions to obtain real time visibility into field operations. The global field service management market was estimated at almost usd 3 billion in 2019. 127 8 1 introduction 8 1 1 organization size. North america is the largest contributor to the market accounting for the largest share as it is a major centre for technological developments and early adoption of new technologies.

The field service management market was valued at usd 3 14 billion in 2019 and is expected to reach a value of usd 7 05 billion by 2025 registering a cagr of 14 44 during the forecast period from 2020 to 2025. The fsm industry is witnessing mergers and acquisitions as a means of inorganic growth strategy amongst software development companies. Field service management market share insight the market is characterized by moderate competition with the presence of a few major global players and other small vendors offering the fsm solutions. It is anticipated that the growing demand for mobility based alternatives to enhance real time visibility in field service activities along with the rising implementation of cloud based field service.

In 2018 north america accounted for the highest field service management market share due to the continuous advancements in it infrastructure and technology used for fsm presence of major number of market vendors and widescale adoption of mobility solutions enabling real time visibility into field operations contribute toward the field service management market growth in this region. Press release global field service management fsm market 2020 top countries data share scope stake trends industry size sales revenue growth opportunities and demand with competitive. The field service management market growth is also buoyed by the need of companies to meet the demands of customers for the best service and thereby increase customer satisfaction. Market drivers 8 2 organization size.

The market is further expected to grow at a cagr of 16 during the forecast period of 2020 2025. Companies are also looking to differentiate and personalize their services reduce workforce costs enhance employee productivity and improve overall operational efficiency.