Press release
Global Field Force Automation Market Projected to Grow at 18.9% CAGR, Reaching $9.52 Billion by 2029
Field Force Automation Market
Field Force Automation Market Size Growth Forecast: What to Expect by 2025?
The sector of field force automation has seen a significant expansion in its market size over recent years. Its growth is projected to rise from a value of $3.94 billion in 2024 to $4.76 billion in 2025, with a compound annual growth rate (CAGR) of 20.9%. The historic period's growth can be linked to increasing demands for workforce efficiency, the need for real-time data access, an increase in mobile connectivity, a heightened emphasis on customer satisfaction, and the uptake of cloud computing.
How Will the Field Force Automation Market Size Evolve and Grow by 2029?
In the coming years, the field force automation market is predicted to undergo swift expansion. It's projected to ramp up to $9.52 billion by 2029, with a substantial compound annual growth rate (CAGR) of 18.9%. Factors driving this prospective growth during the forecast period include 5G network expansion, increasing remote work trends, focus on sustainability measures, utilization of predictive analytic solutions, and business globalization. Some of the key emerging trends within this period involve increased use of augmented reality for field tasks, a shift towards autonomous field robots, adoption of blockchain for supply chain transparency, widespread use of edge computing and an emphasis on data security and privacy.
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What Drivers Are Propelling the Growth of Field Force Automation Market Forward?
The field force automation market sees a surge due to the increasing assimilation of cloud-based solutions. Cloud-based solutions, which are software or services that can be remotely managed and accessed via the internet, provide users with scalability, flexibility, and cost-effectiveness. They are critically facilitated by field force automation, enabling remote accessibility, real-time data management, and smooth integration, thus improving operational efficiency and scalability in field operations. As an example, the European Commission (EC), the executive body of the European Union (EU) based in Belgium, reported that the assimilation of cloud-based solutions within the EU increased by 4.2 percentage points in 2023. Consequently, 45.2% of businesses procured cloud computing services, marking a significant rise as compared to 2021. Thus, the heightened assimilation of cloud-based solutions is propelling the expansion of the field force automation market.
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Which Emerging Trends Are Transforming the Field Force Automation Market in 2025?
Major corporations involved in the field force automation market are augmenting their focus on incorporating avant-garde technologies such as artificial intelligence (AI) into mobile workforce to strengthen their market positioning. AI in the mobile workforce bestows workers with AI tools and real-time information, facilitating them to proficiently execute jobs and generate income for their businesses, bypassing time-consuming administrative tasks and emphasizing on service delivery. An example is Salesforce Inc., a US-based cloud software firm, that in August 2023 deployed a new AI-driven field service. This novel platform encompasses AI-enabled customer self-service, augmented reality facets, workforce efficiency tools, mobile quoting, along with payment features, which significantly changed the field operations. This advancement enhances efficiency, smoothen processes, boosts service delivery, which substantially influences the field force automation market by facilitating faster reaction times, improved productivity, and superior customer interaction experiences.
What Are the Key Segments in the Field Force Automation Market?
The field force automationmarket 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
Subsegments:
1) By Solutions: Software (Mobile Applications, Web-based Solutions), Hardware (Tablets, Mobile Handsets, Wearable Devices), Cloud Solutions, Integration Solutions (API, IoT Integration)
2) By Services: Professional Services (Consulting, System Integration, Customization), Managed Services, Support And Maintenance Services, Training Services
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Who Are the Key Players Shaping the Field Force Automation Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Field Force Automation Market?
North America was the largest region in the field force automation market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field force automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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