Learn about the global Field Service Management market through The Business Research Company, which provides information on field service management market size, field service management market drivers and restraints, field service management market players, the COVID-19 impact on the field service management market, and more.

The global field service management market size is expected to grow from $3.02 billion in 2021 to $3.64 billion in 2022 at a compound annual growth rate (CAGR) of 20.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The field service management market is expected to reach $6.51 billion in 2026 at a CAGR of 15.7%.

The increasing adoption of automation and digitalization is expected to propel the growth of the field service management market in the forecast period.

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The field service management market consists of the sales of field service management solutions and services by entities (organizations, sole traders, and partnerships) that refers to the practice of managing and optimizing an organization’s people, equipment, service, and operations in the field. Field service management includes tasks such as assigning and planning work orders, delivering workers to new tasks, interacting with field workers on the job, managing product inventory, and gathering data from the field.

Global Field Service Management Market Segments Include:

By Component: Solution, Services

By Deployment Type: On-Premise, Cloud

By Application: Energy and Utilities, Telecom, Manufacturing, Healthcare, BFSI, Construction and Real Estate, Transportation and Logistics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the field service management market in 2021.

The increasing availability of SaaS solutions and value-added features is a key trend gaining popularity in the field service management market. Software as a service (SaaS) is an abbreviation that refers to a software distribution model in which a cloud provider hosts applications for simple access by end-users. The advantages of SaaS solutions are ease of access, minimal setup time and customizability based on the requirements. SaaS solutions are widely incorporated in field service management to effectively track and manage resources.

TBRC’s field service management market report covers:

Major Market Players: Accruent, Acumatica, Astea International Inc., ClickSoftware Technologies, Comarch, FieldAware Group Ltd., Geoconcept SAS, Kirona Solutions Ltd., Coresystems AG, IFS AB, Infor Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Mize Inc., OverIT S.p.A, Praxedo, Salesforce, SAP SE, ServiceMax, Trimble Inc., Zinier Inc., ServicePower Inc., Oracle Corporation, Accenture, Cisco Systems and FieldEZ.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Field Service Management Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides field service management market overviews, analyzes and forecasts market size, share, field service management market players, field service management market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s field service management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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