Field Service Management Market Size

The global field service management market size was valued at 3 12 billion in 2018 and is projected to reach 10 81 billion by 2026 growing at a cagr of 16 9 from 2019 to 2026.

Field service management market size.

The market is subject to witness a substantial growth due to the increasing number of field campaigns around various end user businesses like telecom sector oil gas industry building construction sector and energy utilities industry. Market synopsis of global field service management market market scenario field service management fsm is the process of managing the company s field operations by allocating them strategically for enhancing customer satisfaction and to maximize the productivity and efficiency of the company the increasing number of field. Field service management market is growing at a cagr of 18 0. The overall field service management market size was then used in the top down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

The report is titled field service management fsm market size share industry analysis by component solution services by deployment type cloud and on premises by organization size small and medium sized enterprises smes and large enterprises by end user manufacturing it and telecommunications healthcare and life sciences. The report field service management market by component solution service organization size smes large enterprises deployment type on premises cloud vertical energy and utilities manufacturing oil and gas and region global forecast to 2025 size is expected to grow from usd 3 0 billion in 2020 to usd 5 1 billion by 2025 at a compound annual growth rate cagr of 11 0. Report segmented by component solution service by deployment model on premise cloud based by organization size large enterprises small and medium sized enterprises by end user it enabled healthcare energy utilities manufacturing transportation and logistics and region. To define describe and forecast the field service management market by component solution and services deployment type organization.

The market is further expected to grow at a cagr of 16 during the forecast period of 2020 2025. The global field service management fsm market size is expected to value at usd 4 1 billion by 2025. Field service management fsm solution is an automated system which streamlines all the processes associated with the field operations. 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.