Covid 19 Analysis on Field Service Management Market – Overview
Market Research Future (MRFR) has announced a new release on the global Field Service Management market. The report takes into account all factors affecting the market’s development potential and presents a comprehensive view to readers including the market’s segmentation and drivers and restraints.
Field Service Managements are necessary for players who send some of their equipment to a client’s site. Field service management refers to the efforts taken to manage and keep track of a company’s resources employed on the client’s premises rather than the manufacturers. Companies that need to install or repair their product regularly have a great need for the Field Service Management Market. The Covid 19 Analysis on Field Service Management Market is thus likely to grow thanks to the growing demand for on-site monitoring.
Field Service Managements enable a single source for managing the manpower employed on the client’s site, the equipment employed on the site, and the resultant expenses and bills. The convenience offered by these services is thus likely to enable smooth growth of the Field Service Management market over the forecast period.
The global Field Service Management Market is expected to reach approximately USD 5.59 billion by 2023 growing at a 16.6% CAGR over the forecast period 2018—2023.
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The global Field Service Management market is segmented on the basis of domain size, deployment, and end-use industry.
- By domain size, the global Field Service Management market is segmented into SMEs and large business units.
- By deployment, the global Field Service Management market is segmented into on premise and on cloud.
- By end user, the global Field Service Management market is segmented into telecommunications, healthcare, manufacturing, transportation and logistics, and oil and gas.
Some of the key players of global Field Service Management Industry includes Capterra(US), Accurent(US), Acumatica Inc. (US), Astea International Inc. (US), Click Software(US), Comarch SA (Poland), Field Aware(US), IBM Corporation (US), IFS(Sweden), Infor(US), Microsoft Corporation (US), Oracle Corporation (US), Salesforce.com (US), SAP SE (Germany), OverIT (Italy), among others.
The global Field Service Management market is segmented into North America, Europe, Asia Pacific, and rest of the world.
North America is likely to remain the dominant player in the global Field Service Management market over the forecast period due to the steady technological advancement in the region, which has allowed for the widespread use of highly developed and refined Field Service Managements. The rising use of IoT solutions in North America is also conducive to the growth of the Field Service Management market and is likely to remain a key driver for the market over the forecast period. The presence of several major producers as well as consumers of Field Service Managements in North America is likely to remain a major driver for the Field Service Management market in the region. The U.S. is expected to remain the major contributor to the North America Field Service Management market due to the highly advanced industrial sector in the country and the support provided for technological advancement in industrial processes.
Europe is also likely to remain a major player in the global Field Service Management market over the forecast period and occupies the second largest market share in the global charts. Europe is also home to several highly developed Field Service Management buyers and sellers, leading to strong growth prospects for the market in the region. The steady growth of the industrial sector in Europe, particularly Central and Western Europe, is likely to remain a major driver for the Field Service Management market. France, Germany, and Italy are likely to remain the key contributors to the Europe Field Service Management market over the forecast period.
Asia Pacific is likely to emerge as a key player in the global Field Service Management market over the forecast period and is expected to exhibit the highest growth rate over the 2016-2022 forecast period. The growing industrial sector in countries such as China and India is likely to be vital for the field service management market in Asia Pacific over the forecast period.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
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