Field Service Management Software Market Size

Sep 15 2020 the expresswire global field service management fsm software market forecast report highlights key segments of industry dynamics.

Field service management software market size.

The global field service management market size was valued at usd 1 725 8 million in 2016 and is expected to witness significant growth with an approximate cagr of 10 due to the growing number of field operations across different end use industries such as telecom oil gas construction and energy utilities. Find your industry below to learn how smart service can help your business take off. This field service management software outfits service companies of every size and specialization with the scheduling dispatching routing equipment tracking and work order management capabilities they need to reach the next level. As of now the current market size for mobile field service management sector has rocked past the 1 58 billion mark on a worldwide level.

However lack of skills expertise related to field service management software is one of the factors that limit the growth of the fsm market during the assessment period on march 2018 ibm partnered with sap se for creating field service solutions for industrial machinery and components im c companies to reduce service and maintenance. 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. The field service management fsm market is segmented by deployment on premises cloud based organisation size small medium enterprises large enterprises fsm software and service type scheduling dispatch route optimization service contract management work order management end user allied fm it telecom healthcare lifesciences and geography. The global field service management market is expected to grow from 1 58 billion as in 2014 to 3 52 billion by 2019.