The field service management software market is expected to grow by USD 3.43 billion, progressing at a CAGR of over 17% during the forecast period.
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Technavio has announced its latest market research report titled Global Field Service Management (FSM) Software Market 2020-2024 (Graphic: Business Wire).
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The various pricing strategies by vendors is one of the major factors propelling market growth. However, factors such as the high cost of deploying FSM software will hamper market growth.
More details: https://www.technavio.com/report/field-service-management-software-market-industry-analysis
Field Service Management Software Market: Deployment Landscape
The biggest advantage of the on-premises FSM software is that organizations have complete control over their critical data, which has been driving its sales. However, the field service management software market share growth by the on-premise segment will be slower than the growth of the market by the cloud-based segment during the forecast period.
Field Service Management Software Market: Geographic Landscape
Factors such as economic expansions in India, China, Malaysia, and Thailand and the rising popularity of the Internet and mobile devices will significantly drive field service management software market growth in this region over the forecast period. 32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for field service management software in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Deployment
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