Field Service Management (FSM) Market Will Grow At CAGR Of 10% In Future
The global field service management (FSM) market size is expected to value at USD 4.1 billion by 2025. The market is subject to witness a substantial growth due to the increasing number of field campaigns around various end-user businesses like telecom sector, oil & gas industry, building & construction sector and energy & utilities industry. Moreover, growing demand for the field service management solutions by numerous small & medium-sized enterprises (SMEs) is also anticipated to fuel the growth of market over the forecast period. Globally, the field service management market is predicted to grow at CAGR of 10% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Some of the important factors such as complex management of inventory, improved inventory cycle time, higher asset cost, higher collection cost and unpredictable data regarding the stock exchange and higher cost of business operati...