In a recently published report, Field Service Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Field Service Management Market products.
Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10013258
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Field Service Management Market valued approximately USD 2 Billion in 2016 is anticipated to grow with a healthy growth rate of more than 14% over the forecast period 2017-2025. Few factors such as growing customer satisfaction, rising number of field operations in oil & gas, manufacturing, and minimize operational costs are the key drivers of the market growth. Internet of Things offer several opportunities for the market growth. However, the growth is likely to be hampered by the concern over data security. Moreover, the market is likely to face restraint due to the increasing costs of field service management solutions.
Field Service Management is managing company’s resources employed at client’s property, rather than company’s property. Its example, locating of vehicles, managing worker’s activities, scheduling and dispatching of work, accounting, billing and others. There are several benefits of field service management software such as growing revenue, better resource allocation and co-ordination and reduction of cost. This software also helps in the billing, statement of work and offer oversight.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
*Solution
o Customer Management
o Work Order Management
o Inventory Management
o Service Contract Management
o Tracking & Performance Management
*Services
o Implementation
o Support & Training
o Consulting
By Deployment:
*Control
*On-Premises
By Organization Size:
*Small & Medium-Size Enterprises (SMEs)
*Large Enterprise
By Industry Vertical:
*Banking, Financial Services & Insurance
*Telecom & IT
*Manufacturing
*Healthcare &Life Science
*Consumer Goods & Retails
*Transportation & Logistics
*Contraction & Real Estate
*Energy & Utilities
*Others
By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10013258
Some of the key manufacturers involved in the market Accruent, Acumatica, Astea, Clicksoftware, Comarch, Connected My World, Coresystems, Fieldaware, Geoconcept, IBM Frequent cross industry partnerships are leading to market consolidation. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Field Service Management Market in Market Study:
*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors
Chapter 1. Global Field Service Management Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Field Service Management Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Field Service Management Market, By Component
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Field Service Management Market, Sub Segment Analysis
5.3.1. Solutions
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.3. Solution sub segment estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.3.1. Customer Management
5.3.1.3.2. Work Oder Management
5.3.1.3.3. Inventory Management
5.3.1.3.4. Service Contract Management
5.3.1.3.5. Tracking & Performance Management
5.3.2. Services
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.3. Services Sub Segment Estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.3.1. Implementation
5.3.2.3.2. Support & Training
5.3.2.3.3. Consulting
Chapter 6. Global Field Service Management Market, By Deployment
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Global Field Service Management Market, Sub Segment Analysis
6.3.1. Control
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
