Zion Market Research Global Field Service Management Market, 2016–2024 | Page 3

Field Service Management Market
Global Field Service Management Market: Growth Factors
Growth in the field operations in various industries such as construction, oil & gas, and
manufacturing is anticipated to drive the global field service management market growth.
Organizations focusing on enhancing their operational efficiency may foster the global market
growth in future. Field service management solutions are utilized to reduce operational costs, increase
customer satisfaction and improve profitability, which contributes to the further growth of the global
market. Increasing demand for advanced mobile applications coupled with cloud-based solutions may
boost the global field service management market growth in a positive way. Conversely, high costs
involved in the implementation of FSM solutions and data security concerns are the major restraining
factors for the global market.
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