Service Lifecycle Management Application Market: Revenues to Reach US$ 2.73 Bn by 2026 End Globally, Asia Pacific to Register Highest Growth

News provided by

Oct 12, 2016, 10:00 ET

VALLEY COTTAGE, New York, October 12, 2016 /PRNewswire/ --

Future Market Insights delivers key insights on the global service lifecycle management application market in a new report titled, "Service Lifecycle Management Application Market: Global Industry Analysis and Opportunity Assessment, 2016-2026". According to the report, the global service lifecycle management application market is estimated to be valued at US$ 1288.9 Mn by 2016 end and is expected to reach US$ 2730.8 Mn by 2026, projecting a CAGR of 7.8% over the forecast period (2016 and 2026).

According to Future Market Insights analysts, factors such as creating value proposition of end users by increasing profit margins, saving of the operational and service costs of the organisation, increasing customer satisfaction and loyalty, and transforming services with the growth of 3^rd platform technologies are some of the drivers that are expected to boost the growth of the global service lifecycle management application market during the forecast period.

Request a Free Sample Report with Table of Contents and Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-1973

"The global service lifecycle management application market is showcasing a growing trend of market consolidation through mergers and acquisitions and partnerships of key software players in the market. Many product launches by software vendors have provided end-use industries with the best breed of service lifecycle management applications. Moreover, the market is witnessing a growing trend of servicing heavy equipment and large capital intensive assets used in manufacturing and high technology industries. Cloud based technologies represent the biggest disruptive trend in the overall global service lifecycle management application market." - Analyst, Future Market Insights

Segmentation highlights

The global service lifecycle management application market is segmented on the basis of Software Type (Cloud-Based Software, Web-Based Software); Service Based Models (Dealer-Based Model, Performance-Based Model, Depot-Based Model, Field-Based Model); Solutions (Customer Contact & Support, Field Service Management, Warranty & Service Management, Service Parts Information Management); and End Use Industry (Automotive & Transportation, Aerospace & Defence, Medical Equipment, High Technology, Industrial Machinery & Equipment, Telecommunication).

The Web-Based Software type segment is projected to witness a Y-o-Y growth rate ranging from 3.0% to 6.3% over 2015-2026 and is expected to register a CAGR of 4.7% during the forecast period
The Depot-Based Model segment is expected to exhibit rapid growth over the forecast period with a Y-o-Y growth rate ranging from 6.1% to 9.7% between 2015 and 2026
The Field Service Management solutions segment is estimated to account for a market share of 21.3% by 2016 end
The Medical equipment end use industry segment is estimated to account for a value share of 18.9% and is anticipated to be valued at US$ 243.7 Mn by 2016 end

Preview Analysis on Global Service Lifecycle Management Application Market By Share: http://www.futuremarketinsights.com/reports/service-lifecycle-management-application-market

Regional market projections

The global service lifecycle management application market is segmented into the seven key regions of North America, Western Europe, APEJ, Latin America, Eastern Europe, Japan, and MEA. Of all the major markets, the APAC market is projected to witness high growth in terms of revenue by the end of 2026. An increasing adoption of SLM applications in manufacturing, medical, and high tech industries in countries such as China is expected to fuel the growth of the Asia Pacific service lifecycle management application market during the forecast period. The markets in Japan and MEA are estimated to collectively account for a value share of 6.0% of the global service lifecycle management application market by 2016 and are projected to register CAGRs of 7.1% and 6.2% respectively over the forecast period.

Speak with Analyst for any Report Related Queries: http://www.futuremarketinsights.com/askus/rep-gb-1973

Vendor insights

The report on the global service lifecycle management application market profiles some of the leading companies operating in this market globally. The top companies featured in the report are PTC Inc., Tech Mahindra Limited, Wipro Limited, Siemens AG, Atos SE, Tata Consultancy Services Limited, Oracle Corporation, Astea International Inc., IBM Corporation, and Dessault Systems. Market leaders are focussing on investing in service lines such as infrastructure services, product engineering services, analytics, and application services; and are entering into strategic partnerships to strengthen their market share and cement their foothold in the global service lifecycle management application market.

More From FMI's Cutting-edge Intelligence:

Mass Notification Systems Market Segmentation By Application - Interoperable Emergency Communication, Integrated Public Alert and Warning, Business Continuity and Disaster Recovery and Business Operation; By Solution - In-building Solution, Wide-area Solution and Distributed Recipient Solution; By Product Type - Hardware, Software and Services; By End-user Vertical - Ommercial, Education, Energy and Power, Healthcare, Defence, Automotive, Transportation and Logistics and Government Institutions: http://www.futuremarketinsights.com/reports/mass-notifications-systems-market
Optical Encoder Market Segmentation By Output Signal Format - Analog and Digital; BY End User - IT and Telecommunication Industry, Public Sector, Manufacturing Industry; By Application - Healthcare Equipment, Assembly and Robotics Equipment, Consumer Electronics and Semiconductor Manufacturing Equipment and Metalworking Equipment: http://www.futuremarketinsights.com/reports/optical-encoder-market
Video on Demand (VoD) service market segmentation by content type - animation, movies; by region - North America, Western Europe, Asia Pacific excluding Japan, Latin America, Rest of the World: http://www.futuremarketinsights.com/reports/video-on-demand-market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Electronics & ICT Market Insights: http://www.futuremarketinsights.com/reports/category/electronics-ict

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: [email protected]
Press: [email protected]