Field Service Management Market Worth 5.11 Billion USD by 2020

PUNE, India, April 21, 2016 /PRNewswire/ --

According to a new market research report, "Field Service Management Market by Solution (Schedule and Dispatch, Work Order Management, Mobile Field Execution), Service (Implementation, Training, Consulting), Deployment Type, User Type, Industry Vertical, & by Region - Global Forecast to 2020", published by MarketsandMarkets, the 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% from 2015 to 2020.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 71 market data Tables and 72 Figures spread through 187 Pages and in-depth TOC on "Field Service Management Market"

http://www.marketsandmarkets.com/Market-Reports/field-service-management-market-209977425.html
Early buyers will receive 10% customization on this report.

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.

Schedule and dispatch is expected to be the largest contributor in the solution segment 

The market for schedule and dispatch is expected to be the largest as it helps field workers to conduct smart scheduling of tasks, routes, and daily processes. Moreover, a streamlined dispatch process makes managing calls easier for field engineers and technicians, and hence, the market for schedule and dispatch is expected to be the largest in the coming years. Furthermore, due to low costs and scalability features of the cloud deployment type, FSM customers are expected to be more receptive toward cloud than on-premises. The field service companies are also turning toward consulting services to deploy the right FSM solution as per their business objectives.

Request for Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=209977425

The North American region is expected to contribute the maximum market share to the overall FSM Market 

Among the regions, North America is expected to be the highest contributor followed by Europe. The market is in the emerging stage in the regions of Asia-Pacific (APAC), Europe, Middle-East and Africa (MEA), and Latin America. Therefore, these regions exhibit immense scope for adoption of FSM solutions. Moreover, there is huge return on investment in the FSM Market; however, a lack of awareness about the benefits of FSM solutions in these regions is the major restraining factor for the wide adoption of FSM solutions. Additionally, the growing technological developments in the field of cloud, analytics, and the emergence of BYOD have led to the high adoption of FSM in North America and Europe.