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Field Activity Management Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033
Field Activity Management Market
As per the report, the field activity management market size has grown rapidly in recent years. It will grow from $1.27 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The field activity management market size is expected to see rapid growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.
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Increasing Adoption Of Automation And Digitalization In Field Activity Management Market
Increasing adoption of automation and digitalization is expected to propel the growth of the field activity management market going forward. Automation and digitalization are used to describe the use of digital technology to automate the execution of tasks at regular intervals. The advantages of integrating automation and digitalization in field activity management include optimal resource utilization, effective resource tracking, and monitoring, and lower operational costs. For instance, according to Manufacturing Today, an India-based manufacturing industry news magazine, it is estimated that by 2050, approximately 85-90% of manufacturing firms in India would adopt automation in operations. Furthermore, according to Windward Studios, a US-based reporting and document generation company for organizations of all sizes, by 2023, 40% of big enterprise I and O teams would embrace AI-augmented automation, boosting efficiency and scalability in IT departments. In addition, businesses are expected to employ 70% more automation architects by 2025 than they did in 2020, up from 20%. Therefore, increasing adoption of automation and digitalization is driving the growth of the field activity management market going forward.
Growing Embrace Of Saas Solutions In Field Activity Management
The increasing concentration on SaaS-based solutions has emerged as a key trend gaining popularity in the field activity management market. Software as a service (SaaS) is an abbreviation for a software distribution model in which a cloud provider hosts applications for quick access by end users. Major companies operating in the field activity management sector are incorporating SaaS-based solutions to effectively track and manage resources. For instance, in October 2021, Opsivity, Inc., an Australia-based field service management company, launched its SaaS-based services in the US market. Customers in the United States can now access Opsivity's SaaS-based solutions for real-time remote field support and management. Opsivity also leverages artificial intelligence (AI) and augmented reality (AR) to harness knowledge and share operational expertise across field teams in order to solve technical issues in real-time and increase productivity in industries that face labour shortages.
The field activity management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Vertical: IT and Telecom, Healthcare and Life Sciences, Manufacturing, BFSI, Other Verticals
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Major companies operating in the field activity management market report are Bentley Systems Inc., Comarch SA, Corrata, The Environmental Systems Research Institute Inc, FastField Mobile Forms, Field Safe Solutions Inc., Fulcrum Digital Private Limited, Industrial and Financial Systems AB., Infor, Logistics Services Private Limited, Microsoft Corporation, Oracle Corporation., Overit S. p. A, Praxedo, Salesforce. Com India Private Limited, SAP AG, Servicemax Technologies (India) Private Limited, Webuild SPA, Repsly Inc., ProntoForms Corporation, Canvas Solutions Inc., FieldWireLabs Inc., Smart Service Software, SafetyCulture Pty Ltd., Fieldez Technologies Private Limited, MobiLogix India Pvt Ltd., Servicepower Technologies, ClickSoftware
Contents of the report:
1. Executive Summary
2. Field Activity Management Market Report Structure
3. Field Activity Management Market Trends And Strategies
4. Field Activity Management Market - Macro Economic Scenario
5. Field Activity Management Market Size And Growth
…..
27. Field Activity Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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