Field Force Automation Market Scenario:
Field Force Automation (FFA) is a technology that automates the management of field service teams and operations. It is designed to help organizations streamline the process of managing remote workforce operations, such as field technicians, sales teams, and service providers. FFA systems are typically cloud-based and can include features such as real-time job tracking, route optimization, customer notifications, and digital forms. The purpose of FFA is to increase efficiency, reduce costs, and improve customer service by automating the management of field operations.
Market Research Future (MRFR) anticipates favorable prospects for the 2020 field power automation market as it could record a CAGR of 18.30% CAGR between 2022 and 2030 (analysis period). By 2030, the global market is expected to touch USD 6.1 billion, believes MRFR
This has led to higher adoption of field force automation among businesses looking to increase their economies of scale, with more and more business leaders embracing field force automation and implementing it behind their back and front offices for intelligent, efficient shipping and tracking logistics management. , filed force management, preventive maintenance management, and secure real-time communication.
Leading competitors in the field power automation industry are focused on developing user interfaces within their handheld devices. In addition, the need for customized handheld devices to lower schedules and increase efficiency has become a top priority for players, supporting the growth of the market. Going forward, the surge in collaborations and deals between top companies is expected to benefit the market as well, while those companies are expected to gain more customers in the process.
The Field Power Automation Market is going through a difficult period with its strong growth suddenly stalled due to the COVID-19 pandemic. The MRFR report on the Field Power Automation Market highlights the future predictions and growth alternatives that can be made.
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Segmentation:
The segmental review of the field force automation industry comprises component, deployment, organization size and vertical.
By Component
- Solution
- Service
By Deployment
- on-premise
- cloud-based solution
By Organization size
- large enterprises
- small- and medium-sized enterprises
By Vertical
- IT and telecommunication
- manufacturing
- healthcare
- transportation and logistics
- energy and utilities
- others
Regional Analysis:
Field force automation market size has been captured in the MRFR study with respect to Asia Pacific/APAC, Europe, South America, MEA/ Middle East & Africa and North America,
North America has remained the worldwide leader and can continue leading the field force automation market. The attractive market growth prospects in the region is the result of the rising automation trend in several enterprises, especially across the US and Canada. The fast adoption rate of cloud-based solutions along with the emerging trend of bring your own device/BYOD among enterprises can increase the demand for field force automation solutions in the region.
Europe has filled the second position in the global market, with the leading countries identified as Germany, the UK, Spain, Italy and France. MRFR expects the UK to gain the highest momentum in the region market, with Germany and France securing the second and third spots, respectively. The deployment of field force automation solutions is quite high in industries like manufacturing, retail, IT & telecommunication and more in the region. A mounting number of solution providers in Europe offer the latest solutions that cater to the field sales force management needs across various verticals, which has intensified the competitiveness in the market.
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Key Players
- ServiceMax Inc. (US)
- FieldAssist (India)
- SalesDiary Inc. (India)
- FieldEZ (US)
- Folio3 Software Inc. (US)
- Channelplay Limited (India)
- VisitBasis Tech
- LLC (US)
- Oracle (US)
- Microsoft (US)
- Salesforce (US)
- SAP (Germany)
- Acumatica (US)
- Leadsquared (India)
- Kloudq Technologies (India)
- Accruent (US)
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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According to a new market research report "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 and in-depth TOC on “Field Force Automation Market” 108 - Tables32 - Figures 153 - Pages Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42417459Large enterprises segment to hold the largest market size during the forecast periodWith 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.
Services enable companies to choose the right set of solutions as well as deploy solutions correctly and operate them without hassle.Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=42417459North America to account for the largest market size during the forecast periodMany companies in North America are adopting field force automation to integrate it with their existing IT infrastructure and improve their field operations and field crew productivity.
North America houses some of the significant field force automation vendors, such as Accruent, Acumatica, Folio3, ServiceMax, Mize, VisitBasis, Salesforce, Intueri, Inc., ClickSoftware, Oracle, Microsoft, Trimble, and Astea.
These players have their headquarters, direct sales offices, and a large number of channel partners in the region to cater North American companies., which has further added to the high adoption of field force automation solutions in North America.The Field Force Automation Market comprises significant solution providers, such as ServiceMax (US), IFS (Sweden), Microsoft (US), SAP (Germany), Oracle (US), Trimble (US), ClickSoftware (US), Salesforce (US), Astea (US), FieldEZ (India), BT, Accruent (US), Acumatica (US), Folio3 (US), LeadSquared (India), Kloudq (India), Appobile Labs (India), Mize (US), Nimap Infotech (India), and Channelplay (India).
The study includes the in-depth competitive analysis of these key players in the Field Force Automation Market with their company profiles, recent developments, and key market strategies.Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/field-force-automation-market-42417459.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
Field force automation is the integration of software that enhances business productivity by automating many business processes.
Field force automation is targeted at decreasing the burden on human sales representatives and managers or business owner, and increasing productivity and profit.
Field force automation apps help organizations reduce their average call response time by reducing the number of calls handled during normal business hours and increasing the average number of sales per day.
The reduction in call handling time can be significant in organizations, where each representative spends up to an hour on calls discussing work-related things.Field force automation app also improves customer service by removing or minimizing the human error that is a major cause of missed opportunities while recording new leads and generating qualified leads at higher levels.
Field force automation apps provides valuable analytical data that enables the organization to identify potential representatives, measure appropriate marketing cost, and track results over time.Another way that Field force automation apps helps improve performance is through improved pipeline management.
Because of this, there is room for improvement in the utilization of pipeline capacity and potential revenue.
Global Field Force Automation Market Research Report: By Component (Solution, Services), By Deployment (On-Premise, Cloud), By Organization Size (SME, Large Enterprise), Industry Vertical (IT and Telecommunication, Manufacturing, Healthcare, Transportation and Logistics, Energy & Utilities, Others), By Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast till 2025OverviewGlobal Field Force Automation Market is expected to reach USD 3.05 Billion by 2025, registering a CAGR of 15.2% during the forecast period 2019–2025.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.Growing demand to maximize the efficiency of field forces and the growing adoption of cloud-based solutions is driving the global field force automation market.
The operation of the workforce in widespread areas creates a number of challenges for enterprises in relation to workforce execution, data management, and communication.
For instance, field service management focuses exclusively on scheduling and dispatching, working with drivers route to customer locations, and documenting specific customer needs on-site.The field force automation market is fragmented with a number of large and mid-size players offering solutions to the end-user.
These providers spend a significant amount in research and development in order to understand user requirements so that they can develop and update features in their software solution.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8686Segmental AnalysisThe Global Field Force Automation Market has been segmented on the basis of Component, Deployment Organization Size, Vertical, and Region.Based on component, the field force automation market has been segmented into solution and service.
The service segment is expected to grow at the higher CAGR during the forecast period.Based on deployment, the market has been segmented into cloud-based and on-premise.
