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21% CAGR For Field Service Management Market Growth to 2020: NA Expected Largest Revenue

The field service management (FSM) market size is estimated to grow from USD 1.97 billion in 2015 to USD 5.11 billion by 2020, at an estimated CAGR of 21.0%. The need for a centralized system for the management of field services, and the ever-evolving demand for increasing operational efficiency and reducing operational costs are the important driving factors fueling the growth of the FSM market. Complete report on field service management (FSM) market spread across 187 pages, profiling 10 companies and supported with 71 tables and 72 figures is now available at http://www.rnrmarketresearch.com/field-service-management-market-by-solution-work-order-management-schedule-and-dispatch-inventory-management-by-service-by-deployment-type-cloud-and-on-premise-by-user-type-smbs-and-enterpr-market-report.html .

The schedule and dispatch solution is estimated to contribute the largest market share during the forecast period. Furthermore, due to the need for quick service delivery to achieve improved customer experience, schedule & dispatch, and customer management solutions are expected to be the most prominent solutions among all the FSM solutions. In terms of services, implementation is the highest contributing services segment. Consulting services segment is expected to grow at the highest rate from 2015 to 2020. North America is expected to be largest revenue generating region followed by Europe whereas Asia-Pacific (APAC) and Middle East and Africa (MEA) are expected to be the emerging potential markets for FSM solutions and services.

As the need for post-sale services is evolving and so is the number of field service providers, the FSM market offers tremendous upcoming opportunities for growth in the next five years. With the developments and innovations in cloud and mobile technologies, huge opportunity lies for field service companies to adopt FSM solutions to increase their operational efficiency at reduced costs and achieve a high-level of customer satisfaction. Furthermore, the organizations are also turning toward consulting services for the deployment of the right FSM solution as per their business objectives, thereby making it the fastest-growing services segment.

The various key FSM vendors and service providers profiled in the report include SAP SE, Oracle Corporation, IBM Corporation, Click Software Technologies, Astea International, ServicePower Technologies Plc., Trimble Navigation Limited, IFS, PTC, Inc. and Infor. Priced at $5650 for a single user PDF, Inquire Before Buying on “Field Service Management Market by Solution (Schedule and Dispatch, Work Order Management, Mobile Field Execution), by Service (Implementation, Training, Consulting), by Deployment Type, by User Type, by Industry Vertical & by Region - Global Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=256714 .

On a related note, another research titled Managed Mobility Services Market Global Forecast to 2021 says, the MMS market is projected to grow at a high Compound Annual Growth Rate (CAGR) of 33.6% from 2016 to 2021 to reach USD 19.40 billion by 2021. The market in APAC is expected to witness exponential growth during the forecast period. The market in APAC has specifically been one of the fastest growing markets due to the rising adoption of mobile devices in this region and growing mobile usage among workforce. Companies like AT&T, Fujitsu, IBM Corporation, Wipro, Orange Business Services, Telefonica, Deutsche Telekom AG, Hewlett-Packard, Vodafone, and Accenture have been profiled in this 154 pages research report available at http://www.rnrmarketresearch.com/managed-mobility-services-market-by-solution-sourcing-logistics-management-mobile-service-management-security-content-management-device-systems-management-application-collaboration-manage-market-report.html .

Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .

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