Field Service Management Software Market Size

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.

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. 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. 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. Find your industry below to learn how smart service can help your business take off.

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 global field service management market is expected to grow from 1 58 billion as in 2014 to 3 52 billion by 2019. The report field service management market by component solution service organization size smes large enterprises deployment type on premises cloud vertical energy and utilities manufacturing oil and gas and region global forecast to 2025 size is expected to grow from usd 3 0 billion in 2020 to usd 5 1 billion by 2025 at a compound annual growth rate cagr of 11 0. This has been calculated at a compound annual growth rate cagr of 17 3.