The field force automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Field Force Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The field force automation market size has grown exponentially in recent years. It will grow from $3.27 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to rising demand for workforce optimization, need for real-time data access, growth in mobile connectivity, increasing focus on customer satisfaction, adoption of cloud computing.
The field force automation market size is expected to see exponential growth in the next few years. It will grow to $8.35 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to expansion of 5G networks, surge in remote working trends, emphasis on sustainability initiatives, rise of predictive analytics solutions, globalization of businesses. Major trends in the forecast period include proliferation of augmented reality for field operations, shift towards autonomous field robots, rise of blockchain for supply chain transparency, increased adoption of edge computing, focus on data security and privacy.
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Scope Of Field Force Automation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Field Force Automation Market Overview
Market Drivers –
The growing adoption of cloud-based solutions is expected to propel the growth of the field force automation market going forward. Cloud-based solutions refers to software or services that are hosted, managed, and accessed remotely over the internet, offering scalability, flexibility, and cost-effectiveness to users. Field force automation plays a pivotal role in the growing adoption of cloud-based solutions by enabling remote access, real-time data management, and seamless integration, enhancing operational efficiency and scalability for field operations. For instance, in December 2023, according to the European Commission (EC), the Belgium-based executive body of the European Union (EU), the adoption of cloud-based solutions in the EU increased by 4.2 percentage points in 2023, with 45.2% of enterprises purchasing cloud computing services, showcasing a notable rise compared to 2021. Therefore, the growing adoption of cloud-based solutions is driving the growth of the field force automation market.
Market Trends –
Major companies operating in the field force automation market are increasing their focus on integrating advanced technologies, such as the power of artificial intelligence (AI) in the mobile workforce to gain a competitive edge in the market. The power of AI in the mobile workforce lies in its ability to empower workers with AI tools and real-time data, enabling them to efficiently handle jobs, offload time-consuming administrative tasks, focus on service delivery, and generate revenue for their companies. For instance, in August 2023, Salesforce Inc., a US-based, cloud-based software company, launched a new AI-powered field service. This platform introduces AI-powered self-service, workforce efficiency tools, augmented reality capabilities, mobile quoting, and payment features, revolutionizing field operations. These innovations optimize efficiency, streamline processes, and enhance service delivery, significantly impacting the field force automation market by enabling faster response times, increased productivity, and improved customer experiences.
The field force automation market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Vertical: Information Technology (IT) And Telecom, Healthcare And Life Sciences, Manufacturing, Transportation And Logistics, Construction And Real Estate, Energy And Utilities, Other Verticals
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Regional Insights –
North America was the largest region in the field force automation market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field force automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the field force automation market are Microsoft Corporation, Verizon Communications, AT&T, General Electric (GE), Oracle Corporation, SAP SE, Salesforce.com Inc., Ericsson, BT Global Services, CGI Inc., Zebra Technologies, Trimble Inc., PTC Inc., Channelplay Limited, Industrial and Financial Systems (IFS) AB, Accruent, LeadSquared, Folio3 Software Inc., ServiceMax, ClickSoftware, Astea International Inc., Nimap Infotech, IBCS Group, Mize Inc., MACmobile Pty Ltd., Acumatica Inc., Kloudq Technologies Ltd., Retriever Communications, Appobile Labs, FieldEZ Technologies
Table of Contents
1. Executive Summary
2. Field Force Automation Market Report Structure
3. Field Force Automation Market Trends And Strategies
4. Field Force Automation Market – Macro Economic Scenario
5. Global Field Force Automation Market Size and Growth
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32. Global Field Force Automation Market Competitive Benchmarking
33. Global Field Force Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Field Force Automation Market
35. Field Force Automation Market Future Outlook and Potential Analysis
36. Appendix
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