Market Size And Forecast: Field Service Management Software 2022-2028 (Global)
15 Jan, 2024
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Executive Summary
This report helps investors, as well as executives at firms providing field service management (FSM) solutions, understand the current state and size of the market, and the trends and drivers that will shape it into 2028. This study finds that the market was worth $3.83 billion in 2022 and will grow to $7.16 billion by 2028, at a CAGR of 11.0%. Growth will be driven by labour and skills shortages, a rising focus on worker engagement in health and safety best practices, and productivity benefits. Notable barriers are macroeconomic instability, change management challenges and an absence of technical infrastructure.
The field service management market is set to steadily expand
Market size data incorporate revenues of 35 FSM providers
The FSM market was worth $3.83 billion in 2022
Demand for increased productivity drives FSM solutions adoption
Change management and macroeconomic instability are tempering the growth of the FSM software market
The FSM market will reach $7.16 billion in 2028
Market size data incorporate revenues of 35 FSM providers
The FSM market was worth $3.83 billion in 2022
Demand for increased productivity drives FSM solutions adoption
Change management and macroeconomic instability are tempering the growth of the FSM software market
The FSM market will reach $7.16 billion in 2028
Figure 1. FSM solutions market size by region 2022
Figure 2. FSM market size by industry 2022
Figure 3. Drivers and barriers in the FSM solutions market
Figure 4. FSM solutions market forecast 2022-2028
Figure 5. FSM solutions market forecast by region 2022-2028
Figure 6. FSM solutions market forecast by industry 2022-2028
Figure 2. FSM market size by industry 2022
Figure 3. Drivers and barriers in the FSM solutions market
Figure 4. FSM solutions market forecast 2022-2028
Figure 5. FSM solutions market forecast by region 2022-2028
Figure 6. FSM solutions market forecast by industry 2022-2028
About the Authors
Henry Kirkman
Industry Analyst
Henry is an Industry Analyst at Verdantix. His current research agenda focuses on quality management, field service management and industrial applications of AI, including Gen…
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Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef…
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