Market Size And Forecast: Field Service Management Software 2022-2028 (Global)

Access this research

Access all Operational Excellence content with a strategic subscription or buy this single report

Buy Subscription

Need help or have a question about this report? Contact us for assistance

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.

Table of contents

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

Table of figures

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

About the authors

Henry Kirkman

Analyst
Henry is an Analyst in the Verdantix Operational Excellence practice. His current research agenda focuses on connected worker solutions, technologies for industrial asset maintenance, and the industrial applications of AI, including generative AI and computer vision. Prior to joining Verdantix, Henry completed a Masters degree in Civil Engineering at the University of Exeter.

Malavika Tohani

Research Director, Operational Excellence
Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Related Reports

Not a Verdantix client yet?

Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.