Press release
Field Force Automation Market is Calculated to Reach US$ 10.1 Billion by 2032 | FMI
Field Force Automation Market
The deepening penetration of connected appliances and the emergence of advanced technologies is predicted to propel the industry in the forecast period. Moreover, the rapid deployment of next-generation technologies like ML, cloud computing, robotics, and computer vision has resulted in the digital transformation of business entities.
On the contrary, challenges associated with the growing number of cyberattacks are expected to hamper the market. Moreover, the field force automation service software consumes too much time during data entry. Also, they are difficult to accustom to software systems, which is yet another factor inhibiting the demand for field force automation services.
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Key Takeaways:
The global field force automation market is estimated at USD 10.1 Bn while recording a CAGR of 17.6% during the forecast period.
The solution segment to expand at a CAGR of 16.6% from 2022 to 2032
The cloud segment to record a 16.8% growth rate
The U.S market to hold a market value of USD 3.5 Bn in 2032
The U.K market to secure USD 433.4 Mn during the forecast period
The China market to garner USD 725 Mn during the assessment period
Competitive Analysis
Key players in the global field force automation market are ServiceMax, ClickSoftware, Oracle, Microsoft, Salesforce, among others.
Recent key developments among key players are:
In April 2019, Trimble launched the Trimble PULSE Remote Expert. It is an Augmented Reality (AR) equipment that improved the productivity of field service workers by connecting them with experts via audio, video, and spatial annotations in real-time.
In May 2019, Microsoft updated the capabilities of Dynamics 365 for Field Service. The update would allow the end customers to use IoT capabilities and enhance field productivity.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global field force market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
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Key Segments Covered In The Field Force Automation Industry Survey
By Components:
Field Force Automation Solutions
Field Force Automation Services
By Deployment:
On-premise Field Force Automation
Cloud Field Force Automation
By Organization Size:
Field Force Automation for SMEs
Field Force Automation for Large Enterprises
By Vertical:
Field Force Automation for IT and Telecom
Field Force Automation for Healthcare and Life Sciences
Field Force Automation for Manufacturing
Field Force Automation for Transportation and Logistics
Field Force Automation for Construction and Real Estate
Field Force Automation for Energy and Utilities
Field Force Automation for Other Verticals
By Region:
North America Field Force Automation Market
Europe Field Force Automation Market
Asia Pacific Field Force Automation Market
Middle East and Africa Field Force Automation Market
Latin America Field Force Automation Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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