According to a new market research report "Field Force Automation Market by Component (Solution and Services), Organization Size, DeploymentType, Industry (IT and Telecom, Energy and Utilities, Manufacturing, andTransportation and Logistics), and Region - Global Forecast to 2024", published by MarketsandMarkets, theField Force Automation Market size is expected to grow from USD 1.2 billion in2019 to USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of18.2% during the forecast period.
The key factors driving the Field Force Automation Marketinclude rising demand for robust solutions for maximizing the efficiency offield forces in real-time and growing adoption of cloud-based enterprisemobility solutions.
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Large enterprisessegment to hold the largest market size during the forecast period
With increasing push towards adopting newer technologies,companies across the world are implementing field force automation solutions tooptimize field service delivery, improve workforce productivity, increaseprofit margins, improve RoI, and service revenues. Field force automationsolution empowers field managers and mobile workers with real-timecollaboration and communication and predictive analytics capabilities.
Services segment togrow at a higher CAGR during the forecast period
The services segment is expected to grow at a higher CAGRduring the forecast period due to the demand for constant guidance, training,and support among enterprises, during the product deployment life cycle.Services enable companies to choose the right set of solutions as well asdeploy solutions correctly and operate them without hassle.
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North America toaccount for the largest market size during the forecast period
Many companies in North America are adopting field forceautomation to integrate it with their existing IT infrastructure and improvetheir field operations and field crew productivity. North America houses someof the significant field force automation vendors, such as Accruent, Acumatica,Folio3, ServiceMax, Mize, VisitBasis, Salesforce, Intueri, Inc., ClickSoftware,Oracle, Microsoft, Trimble, and Astea. These players have their headquarters,direct sales offices, and a large number of channel partners in the region tocater North American companies., which has further added to the high adoptionof field force automation solutions in North America.
The Field ForceAutomation Market comprises significant solution providers, such asServiceMax (US), IFS (Sweden), Microsoft (US), SAP (Germany), Oracle (US),Trimble (US), ClickSoftware (US), Salesforce (US), Astea (US), FieldEZ (India),BT, Accruent (US), Acumatica (US), Folio3 (US), LeadSquared (India), Kloudq(India), Appobile Labs (India), Mize (US), Nimap Infotech (India), andChannelplay (India). The study includes the in-depth competitive analysis ofthese key players in the Field Force Automation Market with their companyprofiles, recent developments, and key market strategies.
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