Field Service Management Market Worth $5.9 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, March 3, 2020 /PRNewswire/ -- According to a new market research report "Field Service Management Market by Component (Solutions, Services), Organization Size, Deployment Type, Industry Vertical (IT and Telecom, Energy and Utilities, Manufacturing, Transportation and Logistics), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Field Service Management Market size is expected to grow from USD 2.8 billion in 2019 to USD 5.9 billion by 2024, at a CAGR of 16.2% during the forecast period. The growing demand for mobility-based solutions to improve field operations, scaling field technician's effort with the help of advanced technologies, and increasing adopting of cloud-based field service solutions are some of the major factors driving the growth of the Field Service Management Market.

Browse in-depth TOC on "Field Service Management Market"
72 - Tables
34 - Figures
144 – Pages 

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209977425

The schedule, dispatch, and route optimization solution segment to hold the largest market size in the Field Service Management Market during the forecast period

Scheduling and dispatching capabilities enable field service organizations to create and manage job schedule. When scheduling and planning field service operations, it is not always easy to account for unexpected situations resulting in late service delivery. Automating scheduling, planning, and dispatching processes will empower organizations efficiently allocate available workforce to maximize the business output and minimize operational costs. It also ensures that customer service never suffers because of unpredictable circumstances.

The services segment to grow at a higher CAGR during the forecast period as compared to the solutions segment

Field service management services have a wide scope of usage, ranging from assistance to client for the deployment of solutions, strategy, and implementation, to cater to business-specific needs of organizations. Field service management services help businesses bridge legacy systems to modern applications and take care of training and implementation work so that the client can focus on their core business. This has created opportunities for vendors to provide services to enterprises across different industries and help them deal with complexities while configuring field service management solutions.

North America estimated to lead the Field Service Management Market size during the forecast period

North America is estimated to account for the largest share of the Field Service Management Market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. The North American region exhibits a wide presence of key industry players offering field service management solutions and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.

Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=209977425

Oracle (US), Microsoft (US), IFS (Sweden), ClickSoftware (US), ServiceMax (US), Astea (US), Comarch (Poland), SAP (Germany), Salesforce (US), Trimble (US), Infor (US), OverIT (Italy), ServicePower (US), FieldAware (US), GEOCONCEPT (France), FieldEZ (India), and Zinier (US) are some of the leading companies operating in this market.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Browse Related Report:

Software Defined Networking Market by SDN Type (Open SDN, SDN via Overlay, and SDN via API), Component (Solutions and Services), End User (Data Centers, Service Providers, and Enterprises), and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/software-defined-networking-sdn-market-655.html

Software-Defined Wide Area Network (SD-WAN) Market by Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Enterprises), and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/software-defined-wan-market-53110642.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
MarketsandMarkets™ Blog: https://mnmblog.org
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/field-service-management-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/field-service-management.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg