Updated 2025 Market Reports Released: Trends, Forecasts to 2034 — Early Purchase Your Competitive Edge Today!
field service management market insights, field service management market outlook, field service management market scope, field service management market drivers, field service management industry size, field service management industry trends
Will the Field Service Management Market Size See Rapid Expansion Over Next Few Years?
The field service management market size has grown rapidly, escalating from $4.55 billion in 2024 to a projected $5.15 billion by the end of 2025 with a compound annual growth rate (CAGR) of 13.3%. This growth in the historic period can be attributed to multiple drivers including demand for automation, rising customer expectations, globalization, and escalating compliance and regulatory obligations.
Furthermore, the field service management market size is anticipated to see accelerated growth in the coming years, reaching a market size of approximately $9.07 billion by 2029 at a stunning CAGR of 15.2%. The predicted growth in the forecast period can conveniently be attributed to a focus on predictive maintenance, an increased mobile workforce, and the rising adoption of cloud technologies. Major forecasts for this period include integration with ERP and CRM systems, emphasis on data analytics, augmented reality (AR) development, a mobile-first approach, security via blockchain, and subscription-based models.
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What Are The Major Drivers Behind The Field Service Management Market Growth?
The growth of the field service management market is propelled by the rising adoption of automation and digitalization which are key for the automatic execution of tasks at set intervals through digital technology. The advantages offered by automation and digitalization in field service management include optimal resource utilization, effective resource tracking and monitoring, and lowered operational costs.
What Unique Segments Does The Field Service Management Market Include?
1) By Component: Solution, Services
2) By Deployment Type: On-Premise, Cloud
3) By Application: Energy And Utilities, Telecom, Manufacturing, Healthcare, BFSI, Construction And Real Estate, Transportation And Logistics, Other Applications
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What Major Operations Are Major Players Implementing In The Field Service Management Market?
The field service management market is bustling with the activities of major companies such as Accruent LLC, Acumatica Inc., Comarch SA, FieldAware Group Ltd., Geoconcept SAS, Kirona Solutions Ltd., IFS AB, International Business Machines Corporation, Microsoft Corporation, Mize Inc., OverIT S. p. A, Praxedo SAS, Salesforce.com Inc., SAP SE, ServiceMax Inc., Trimble Inc., Zinier Inc., ServicePower Inc., Oracle Corporation, Accenture plc., Cisco Systems Inc., FieldEZ Technologies Pvt Ltd, ABB Ltd., Advanced Distribution Solutions Inc., AgileField LLC, ServiceTitan Inc., and ServiceNow Inc.
What Trends Are Changing The Landscape Of The Field Service Management Market?
Major players in the market are focusing on technological advancements such as AI-driven scheduling and mobile applications to expound on operational efficiency and improve service delivery across various industries.
Which Region Is Expected To Grow The Fastest In The Field Service Management Market?
North America held the largest share in the field service management market in 2024. However, the Asia-Pacific region is expected to be the fastest-growing area during the forecast period.
What Does The Field Service Management Market Report 2025 Offer?
The field service management refers to the management of resources required for remote work. This includes the management of technicians processing job orders, tracking service, and repair tasks, automation of scheduling and dispatch, management of customer service contracts, collection of payment, and more.
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