Demand for effective field service management solutions is at an all-time high. Research firm Gartner estimates that the revenue for packaged field service dispatch and workforce management software applications—including maintenance and service revenue—is approximately $1.3 billion annually.
Oracle, which acquired TOA Technologies in July 20141 (TOA’s application suite is now part of Oracle Service Cloud as Oracle Field Service Cloud Service), believes two major trends are driving the market:
To help businesses better evaluate the potential value of these solutions, Gartner has released the Magic Quadrant for Field Service Management, 20142.
Demand for effective field service management solutions is at an all-time high. Gartner estimates revenue for packaged field service software applications is approximately $1.3 billion annually.
Why is the Gartner report on field service management important?
Gartner, the world's leading information technology research and advisory company, analyzes this market to help businesses make better decisions when considering field service management solutions.
What is new in this year’s report?
The report discusses how the use of cloud and mobile technologies continues to evolve within the field service management industry to provide even greater value. As the market continues to become more mobile-driven, field service management software vendors have the opportunity to differentiate by incorporating cutting-edge technologies such as wearables, video collaboration, and more.
1TOA Technologies was acquired by Oracle in 2014. TOA was evaluated individually in this year’s Magic Quadrant because Oracle closed the acquisition after the evaluation period for 2014 Magic Quadrant ended.
2Gartner “Magic Quadrant for Field Service Management” by William McNeill, Michael Maoz, Jason Wong, December 22, 2014.
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