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Field Force Automation Market Analysis By Trends, Technological Advancement, Forecast To 2033
Field Force Automation Market Analysis
As per the report, 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 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%.
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Cloud-Based Solutions Driving Field Force Automation Market
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.
Enhancing Field Force Automation With AI Integration
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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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
Contents of the report:
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. Field Force Automation Market Size And Growth
…..
27. Field Force Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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