The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction to Field Service Management Market

• Rapid growth: from $4.06 billion in 2023 to $4.65 billion in 2024
• Key drivers: Demand for automation, rising customer expectations, globalization, compliance, and regulations

Forecasted Growth and Major Trends

• Projected growth to $7.84 billion in 2028 with a CAGR of 14.0%
• Trends: Predictive maintenance, mobile workforce rise, increased cloud adoption

Rising Demand for Automation and Digitalization Drives Market Growth

• Adoption of automation and digitalization fuels market growth
• Advantages: Optimal resource utilization, effective tracking, lower operational costs
• Statistics: Over 80% of corporate executives hasten work process automation

Key Players in the Market

• Accruent LLC, Acumatica Inc., Astea International Inc., and more
• Diverse offerings in field service management solutions

View More On The Field Service Management Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/field-service-management-global-market-report

Enhanced FSM Through SaaS Solutions and Innovations

• Increasing availability of SaaS solutions and value-added features
• SaaS benefits: Ease of access, minimal setup time, customizability
• Example: Opsivity, Inc. launches SaaS services for real-time remote field support

ServiceMax Strengthens Industry-Specific Solutions

• Acquisition of LiquidFrameworks enhances industry-specific solutions
• Meeting unique challenges of the energy sector with field service management solutions
• FieldFX benefits: Increased revenue capture, contract compliance, invoice accuracy

Segmentation of the Market

1. By Component
   • Solution, Services
2. By Deployment Type
   • On-Premise, Cloud
3. By Application
   • Energy And Utilities, Telecom, Manufacturing, Healthcare, BFSI, Construction And Real Estate, Transportation And Logistics, Other Applications

Regional Insights

• North America: Largest region in 2023
• Asia-Pacific: Expected to be the fastest-growing region

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The Field Service Management Global Market Report 2024  provides comprehensive insights on the field service management market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the field service management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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