Field Force Automation Market Insights | Key players: ServiceMax, ClickSoftware, Oracle, Microsoft and IFS

According to recent research "Field Force Automation Market by Component (Solution and Services), Organization Size, Deployment Type, Industry (IT and Telecom, Energy and Utilities, Manufacturing, and Transportation and Logistics), and Region - Global Forecast to 2024", published by MarketsandMarkets, the field force automation market size is expected to grow from USD 1.2 billion in 2019 to USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period.

The key factors driving the field force automation market include rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions.

Browse 108 market data Tables and 32 Figures spread through 153 Pages and in-depth TOC on "Field Force Automation Market”
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Large enterprises segment 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 to optimize field service delivery, improve workforce productivity, increase profit margins, improve RoI, and service revenues. Field force automation solution empowers field managers and mobile workers with real-time collaboration and communication and predictive analytics capabilities.

Services segment to grow at a higher CAGR during the forecast period

The services segment is expected to grow at a higher CAGR during 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 as deploy solutions correctly and operate them without hassle.

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Europe to hold the largest market size during the forecast period

Europe is a significant revenue-generating region for the transportation analytics market. This region is considered as the most advanced region in terms of technology adoption and infrastructure. The extensive presence of key industry players offering transportation analytics solutions and services is the key driving factor for the growth of the transportation analytics market. Enterprises in this region are leveraging IoT, AI and analytical technologies in their business processes to gain a competitive edge in the market.

The major transportation analytics vendors include IBM (US), Siemens(Germany), Cubic (US), Cellint (Israel), Alteryx (US), Kapsch Trafficcom (Austria), INRIX (US), Indra Sistema (Spain), Trimble (US), TomTom (Netherland), Iteris (US), Conduent (US), Hitachi (France), Thales (France), OmniTracs (US), Techvantage (US), CARTO (US), Syntelic (US), SmartDrive Systems (US), Envista (US).

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This release was published on openPR.