According toa research report "Field Force Automation Market by Component (Solutionand Services), Organization Size, Deployment Type, Industry (IT and Telecom,Energy and Utilities, Manufacturing, and Transportation and Logistics), andRegion - 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 forceautomation market include rising demand for robust solutions for maximizing theefficiency of field forces in real-time and growing adoption of cloud-basedenterprise mobility solutions.
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Largeenterprises segment to hold the largest market size during the forecast period
Withincreasing push towards adopting newer technologies, companies across the worldare implementing field force automation solutions to optimize field servicedelivery, improve workforce productivity, increase profit margins, improve RoI,and service revenues. Field force automation solution empowers field managersand mobile workers with real-time collaboration and communication andpredictive analytics capabilities.
Servicessegment to grow at a higher CAGR during the forecast period
The servicessegment is expected to grow at a higher CAGR during the forecast period due tothe demand for constant guidance, training, and support among enterprises,during the product deployment life cycle. Services enable companies to choosethe right set of solutions as well as deploy solutions correctly and operatethem without hassle.
NorthAmerica to account for the largest market size during the forecast period
Manycompanies in North America are adopting field force automation to integrate itwith their existing IT infrastructure and improve their field operations andfield crew productivity. North America houses some of the significant fieldforce 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 salesoffices, and a large number of channel partners in the region to cater NorthAmerican companies., which has further added to the high adoption of field forceautomation solutions in North America.
The fieldforce automation 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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