DUBLIN--(BUSINESS WIRE)--The "Field Service Management Market by Solution (Schedule, Dispatch, and Route Optimization, Customer Management, and Work Order Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The field service management market size is expected to grow from USD 2.56 billion in 2018 to USD 5.08 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period.
The market growth is expected to have driven by the increasing adoption of mobile applications and wearable devices among field workers. The growing cloud hosting business and rapidly increasing number of Internet of Things (IoT) devices are expected to further fuel the growth of the field service management market, globally. However, the lack of expertise in feeding real-time data into field service management software is expected to restrain the growth of the market.
North America, being the earliest adopters of cloud and mobile technologies, has been enormously responsive toward the adoption of field service management solutions. This region has a major dominance with sustainable and well-established economies. Advancements in Bring Your Own Device (BYOD), Machine to Machine (M2M), and mobile and cloud technologies are the major factors that are responsible for improving the efficiency of business processes.
- Efficient Planning of Projects
- Increasing Adoption of Mobile Apps and Wearable Devices Among Field Workers
- Efficient Work Allocation for Field Workers
- Lack of Expertise in Feeding Real-Time Data Into the Field Service Management Software
- Requirement for Better Flow of Information to Technicians
- Need for Better Performance Analysis and Integration
- Security Concerns Related to Data Confidentiality
- Slow Growth in Developing and Underdeveloped Economies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Market By Component
7 Field Service Management Market, By Deployment Type
8 Market By Organization Size
9 Field Service Management Market, By Industry Vertical
10 Field Service Management Market, By Region
11 Competitive Landscape
12 Company Profiles
- Connect My World
For more information about this report visit https://www.researchandmarkets.com/research/b4t69v/field_service?w=4