Field Service Management Market ? Inventory Management Segment Grows?Rapidly

Posted by RASHMI on April 1st, 2019

Field Service Management can be defined as the managing of a company’s resources which may be en route or employed at client’s property, rather than company’s property. Among many examples of field service management, prominent ones are the locating of vehicles, scheduling and dispatching of work, managing worker’s activities, accounting, billing etc. There are many benefits of field service management software. Some of these are growth in revenue, reduction of cost, better resource allocation and co-ordination. These software also take care of the billing, statement of work and provide oversight.

The global field service management market is segmented on the basis of solution, service, deployment type, user type and industry vertical. On the basis of solution, the market is segmented in to billing and invoicing, inventory management, mobile field execution, reporting and dashboards, schedule and dispatch, tracking and performance management, and work order management.

In 2016 among the solution segment, the majority revenue share in the global field service management market was held by work order management sub-segment. The inventory management segment is expected to be the fastest growing segment during the forecast period.

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On the basis of service, the market is segmented in to consulting, implementation, and training and support.

On the basis of deployment type, the market is segmented in to cloud and on-premises. In 2016, among the deployment type segment, on-premises sub-segment held the majority revenue share in the global field service management market. Based on user type, the market is segmented in to small and medium enterprise (SME) and large enterprise.