Global Field Service Management Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Component - [Software and Services], Services - [Professional Services and Managed Services], Professional Services - [Consulting Services, Training & Education Services, Support & Maintenance Services]

By Deployment Modes;

On-Premises and Cloud

By Enterprise Size;

Small & Medium-Sized Enterprises (SMEs) and Large Enterprises

By Applications;

Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, and Cloud Encryption

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn385460413 Published Date: May, 2025 Updated Date: July, 2025

Field Service Management Market Overview

Field Service Management Market (USD Million)

Field Service Management Market was valued at USD 4,443.61 million in the year 2024. The size of this market is expected to increase to USD 9,701.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.8%.


Global Field Service Management Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 11.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.8 %
Market Size (2024)USD 4,443.61 Million
Market Size (2031)USD 9,701.27 Million
Market ConcentrationLow
Report Pages306
4,443.61
2024
9,701.27
2031

Major Players

  • Oracle Corporation
  • Microsoft Corporation
  • SAP SE
  • IFS AB
  • ServiceMax
  • Salesforce
  • ServiceNow
  • ServicePower
  • OverIT
  • FieldAware

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Field Service Management Market

Fragmented - Highly competitive market without dominant players


The Field Service Management Market is undergoing rapid growth, fueled by more than 70% of organizations adopting automation tools for improved operational workflows. These advancements enable companies to enhance service delivery speed, minimize errors, and boost workforce productivity.

AI and IoT Integration Driving Innovation
Over 65% of companies are now integrating AI and IoT into their field operations. This integration is transforming asset monitoring and maintenance by providing real-time insights and enabling predictive solutions that reduce downtime and improve equipment performance.

Prioritizing Customer Satisfaction
A shift towards customer-focused strategies has led to over 80% of companies embracing advanced field service platforms. These solutions offer seamless communication, transparent updates, and tailored service experiences, which significantly elevate customer loyalty and retention.

Leveraging Data Analytics for Success
The market is seeing about 68% of businesses utilizing data analytics to refine decision-making and streamline service processes. Access to real-time operational data enables predictive insights and proactive issue resolution, ensuring high-quality field service outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Deployment Modes
    3. Market Snapshot, By Enterprise Size
    4. Market Snapshot, By Applications
    5. Market Snapshot, By Region
  4. Field Service Management Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Digital transformation in industries
        2. Demand for optimized resource utilization
        3. Rising adoption of cloud solutions
        4. Increasing mobile workforce efficiency
      2. Restraints
        1. Data security and privacy concerns
        2. Integration complexities with legacy systems
        3. High initial setup and costs
        4. Resistance to change in organizations
      3. Opportunities
        1. Growth of IoT and AI technologies
        2. Expansion of cloud-based platforms
        3. Customization and scalability options
        4. Integration with other enterprise software
    2. PESTl Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Field Service Management Market, By Component, 2021 - 2031 (USD Million)
      1. Component
        1. Software
        2. Services
      2. Services
        1. Professional Services
        2. Managed Services
      3. Professional Services
        1. Consulting Services
        2. Training & Education Services
        3. Support & Maintenance Services
    2. Field Service Management Market, By Deployment Modes, 2021 - 2031 (USD Million)
      1. On-premises
      2. Cloud
    3. Field Service Management Market, By Enterprise Size, 2021 - 2031 (USD Million)
      1. Small & Medium-Sized Enterprises (SMEs)
      2. Large Enterprises
    4. Field Service Management Market, By Applications, 2021 - 2031 (USD Million)

      1. Disk Encryption

      2. File/Folder Encryption

      3. Database Encryption

      4. Communication Encryption

      5. Cloud Encryption

    5. Field Service Management Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Oracle Corporation
      2. Microsoft Corporation
      3. SAP SE
      4. IFS AB
      5. ServiceMax
      6. Salesforce
      7. ServiceNow
      8. ServicePower
      9. OverIT
      10. FieldAware
  7. Analyst Views
  8. Future Outlook of the Market