Demand for Global Field Service Management Market Size & Share 2022 – GlobeNewswire

| Source: Facts & Factors Facts & Factors
Pune, INDIA
LONDON, UK, April 25, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Field Service Management Market By Components (Solution, Services), By Solution (Schedule, Dispatch, and Route Optimization, Customer Management, Work Order Management, Inventory Management, Service Contract Management, Reporting and Analytics, Other Solutions (Billing, Invoicing, Tracking and Performance Management)), By Services (Integration and Implementation, Training and Support, Consulting), By Deployment Type (On-Premise, Cloud), By Organization Size (Large Enterprises, SMEs) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” in its research database.
“According to the latest research study, the demand of global Field Service Management Market size & share was worth around USD 3,172.5 million in 2021 and is estimated to grow to about USD 6,161.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.7% over the forecast period 2022 to 2028.”
What is Field Service Management? How big is the Field Service Management Market?
Market Overview:
Field service management helps firms keep a watch of their assets and manage maintenance and operations in an optimal manner to maintain proper functionality of all systems installed in the organization.
The field service management market is expected to see high demand as the deployment of technological solutions and digitization paces up across the world and boosts demand for technology services. Increasing demand for faster services is also expected to boost the field service management market potential over the forecast period through 2028.
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Report Scope
Global Field Service Management Market: Dynamics
Rapid urbanization has led to further digitization and increasing investments in technology are expected to be prominent trends driving the field service management market growth over the forecast period. Increasing adoption of automation technology and rising demand for integration of technologies like AI, machine learning, big data, and IoT are also expected to positively impact the field service management market growth through 2028.
Increasing instances of cyber-attacks have led to rising concerns for data security and privacy which is expected to hamper the field service management market growth over the forecast period. The field service management companies are focusing on bolstering the security of these field service management services and solutions to ensure customer and organization data safety which is of paramount importance in this digital age.
Browse the full “Field Service Management Market – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” Report at https://www.fnfresearch.com/field-service-management-market

Field Service Management Market: Segmentation Analysis
The global field service management market is segregated based on components, solution, services, deployment type, organization size, and region.
Based on solution, the global market is distinguished into Schedule, Dispatch, and Route Optimization, Customer Management, Work Order Management, Inventory Management, Service Contract Management, Reporting and Analytics, and Other Solutions (Billing, Invoicing, Tracking and Performance Management). The field service management market will be led by the Schedule, Dispatch, and Route Optimization segment owing to the rising focus on optimizing operations by allocating specific jobs and tasks to field representatives working in the field service management industry landscape. Increasing demand for faster services is also expected to boost the field service management segment.
Field Service Management Market: COVID-19 Impact Analysis
The pandemic of 2020 propelled the demand for digital solutions and this trend further bolstered the field service management market potential while all the other markets crumbled in the unprecedented coronavirus outbreak that brought the world to a near halt with lockdowns in multiple nations. Adoption of cloud technology from multiple organizations is expected to boost field service management market growth in the post-pandemic era.
The field service management market will experience further growth in the post-pandemic era as digitization in multiple organizations becomes a common trend across the world. The increasing demand for remote management solutions and faster service times is also expected to boost field service management market growth through 2028.
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Competitive Landscape
Some of the main competitors dominating the global field service management market include – 
Key Insights from Primary Research:
Key questions answered in this report:
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Regional Dominance:
Asia Pacific region is projected to be the most lucrative market for field service management and this trend is expected to be prominent over the forecast period. Increasing technological proliferation, rising digitization, and increasing automation are expected to be prominent trends driving the field service management market potential in this region over the forecast period. India, Japan, and China are the most significant economies in this region that will be driving the field service management market growth through 2028.
Increasing urbanization will also be driving the field service management market potential in this region over the forecast period. Increasing investments in digitization and automation are also predicted to favor field service management market growth in this region through 2028.
Recent Developments
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The global field service management market is segmented as follows:
By Components
By Solution
By Services
By Organization Size
By Region
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