According to the latest report by IMARC Group, titled "Field Service Management Market Report by Solution (Schedule, Dispatch and Route Optimization, Customer Management, Work Order Management, Inventory Management, Service Contract Management, Reporting and Analytics, and Others), Service (Implementation and Integration, Training and Support, Consultancy Services), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), End Use Industry (BFSI, IT and Telecom, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, Energy and Utilities, Construction, and Others), and Region 2025-2033," the global field service management market reached a value of USD 5.8 Billion in 2024. Field service management (FSM) includes an automated system that is utilized to streamline multiple processes associated with field operations. It aids in segregating field operations in a strategic manner for optimizing work efficiency and productivity while offering improved customer satisfaction. It involves the usage of mobile systems that assist in scheduling orders and dispatching agents to the work location while tracking the vehicles with the use of field service software solutions. Its deployment further minimizes operational overheads and fuel expenses, along with managing the mobile workforce in an organized manner. Consequently, it finds extensive applications across the healthcare, education, and travel and tourism sectors.
Global Field Service Management Market Trends:
The market is majorly driven by the increasing demand for real-time visibility in field operations. FMS offers total tracking of field service operations and repair activities while ensuring optimal workload management and real-time location of workforce location. Coupled with rapid digitization across multiple industries, increasing adoption of process automation and the rising focus on improving customer relationship and experience, this is providing a boost to the demand for FSM solutions across the globe. Moreover, numerous key players are widely integrating advanced systems and software, including accounting, tax software, workforce management software, enterprise resource planning (ERP), and industry-specific calibration systems, with FSM solutions in an attempt to improve their functionality, which is acting as a major growth-inducing factor. Some of the other factors contributing to the market growth include the increasing demand for robotizing field operations to phase out manual tasks and the rising product utilization across the oil and gas sector. Looking forward, the market value is projected to reach USD 18.5 Billion by 2033, expanding at a CAGR of 13.7% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Solution, Service, Deployment Mode, Organization Size, End Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Accruent LLC (Fortive Corporation), Comarch SA, IFS AB, Infor (Koch Industries Inc.), Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., SAP SE, ServiceMax, ServicePower Inc., Trimble Inc. and Zinier Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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