Sep 20, 2023

News provided by Share this article Share toX 'NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The " field service management (FSM) software market by end-user (IT and telecom, healthcare, retail, transportation and logistics, and others), deployment (on-premise and cloud-based), and geography (North America, Europe, APAC, Middle East and Africa, and South America)- Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the field service management (FSM) software market from 2023 to 2027 is USD 1.46 billion, according to Technavio. The increasing requirement to drive workforce productivity is a key factor driving market growth. It is important for businesses to effectively monitor their field resources due to the constant pressure placed on them to maintain profit margins and gain a competitive advantage in the marketplace. Some of the key factors causing stress for field service agencies include rising fuel prices, budget constraints, and high customer expectations. As a result, businesses are increasingly focusing on adopting field service management solutions as they help streamline various business processes and improve workforce productivity without the need to Increase the size of the field workforce. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here Market Challenge Inadequate training of professionals is one of the significant challenges restricting market growth. The field service management (FSM) software market has been segmented by end-user (IT and telecom, healthcare, retail, transportation and logistics, and others), deployment (on-premise and cloud-based), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The IT and telecom segment is estimated to witness significant growth during the forecast period. Field service management software is being adopted in the IT and telecommunications industry as it is widely used to effectively manage field service operations, ensure timely customer support, and optimize technical staff performance. Furthermore, the key benefit of file service management software in this segment is that it streamlines service delivery through automated workflows, optimizes resource allocation, and ensures that the right expert is sent on complex missions. In addition, customer expectations in this segment are increasing. Hence, these factors are expected to drive segment growth during the forecast period. View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report. Key Companies in the Field Service Management (FSM) Software Market: Advanced Computer Software Group Ltd., Comarch SA, FieldAware Group Ltd., FieldEZ, Fortive Corp., GeoConcept SAS, IFS World Operations AB, Infor Inc., Microsoft Corp., MSI Data LLC, Oracle Corp., OverIT Spa, PTC Inc., Salesforce Inc., SAP SE, ServicePower Inc., Simpro Group, Syncron Holding AB, Trimble Inc., and Zinier Inc. Related Reports: The  Synthetic Data Generation Market  size is estimated to grow at a CAGR of 43.13% between 2022 and 2027. The market size is forecast to increase by USD 1,072 million. This synthetic data generation market report extensively covers market segmentation by end-user (healthcare and life sciences, retail and e-commerce, transportation and logistics, IT and telecommunication, and BFSI and others), type (agent-based modeling and direct modeling), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rising demand for privacy protection is driving growth in the synthetic data generation market. The  Test Environment as a Service (TEaaS) Market  size is estimated to grow at a CAGR of 20.26% between 2022 and 2027. The market size is forecast to increase by USD 16,458.04 million. This test environment as a service market report extensively covers market segmentation by application (large enterprises, small, and medium enterprises), type (cloud-based, on-premise, and testing as a service offering), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The reduction in the cost of application development and time is driving growth in a test environment as a service market. Field Service Management (FSM) Software Market Scope Report Coverage Key companies profiled Advanced Computer Software Group Ltd., Comarch SA, FieldAware Group Ltd., FieldEZ, Fortive Corp., GeoConcept SAS, IFS World Operations AB, Infor Inc., Microsoft Corp., MSI Data LLC, Oracle Corp., OverIT Spa, PTC Inc., Salesforce Inc., SAP SE, ServicePower Inc., Simpro Group, Syncron Holding AB, Trimble Inc., and Zinier Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. 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