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 2025
Overview
Global 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. Additionally, increasing ownership of smartphones and Internet connectivity among enterprises around the globe are also important factors for the growth of the field force automation market. Field force automation offers easy and smooth management and communication to field forces. A large number of enterprises have a diskless workforce deployed across countries and continents. The operation of the workforce in widespread areas creates a number of challenges for enterprises in relation to workforce execution, data management, and communication. Field force automation software efficiently caters to these challenges by providing effective management of field forces. Field force automation software takes sales and service data in real-time and transmits it to a mobile interface. Through the interface, field personnel can communicate in real-time from a specified location. There are two distinct field force automation software—software dedicated to sales data and software dedicated to customer service. However, there are several software that offers both the capabilities in a single solution. 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.
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Segmental Analysis
The 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 has been further categorized into consulting, integration and implementation service and training & support service. The solution segment accounted for the larger share in the year 2018. Enterprises of all sizes are investing in deploying the solution in order to effectively manage filed forces, which is driving the demand for field force automation solutions. 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. On-premise solution accounted for the larger share in the year 2018, however, cloud-based filed force automation solution is expected to grow at a higher CAGR during the forecast period. Since cloud-based solutions are affordable and easy to use and manage, its demand is expected to increase among small- and medium-sized enterprises.
Based on organization size, the field force automation market has been divided into small & medium enterprises and large enterprises. Large enterprise accounted for the larger share in the year 2018, however, medium and small enterprises are expected to grow at a higher CAGR during the forecast period. With cloud-based field force automation solutions being widely available in the market, a large number of small and medium enterprises are investing in the solution and increasing the overall demand. Additionally, globally, the number of small and medium enterprises are continuously increasing, which is driving the growth of the market.
Based on vertical, the field force automation market has been divided into IT and telecommunication, manufacturing, healthcare, transportation and logistics, energy and utilities and others. The others segment is expected to grow at highest CAGR during the forecast
Competitive Analysis
The Prominent Players operating in the Field Force Automation Market are 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) and Nimap Infotech (India)
Regional Analysis
The regional analysis for the global field force automation has been conducted for North America, Europe, Asia-Pacific (APAC), and the Middle East & Africa, and South America.
North America accounted for the largest market share in 2018; it is expected to register strong growth during the forecast period. The key driving factors for the growth of the field force automation market in the region include the growing need for cost-effective and real-time data transmission among enterprises of all sizes.
The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. In the research scope, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. Significant growth in the country can be attributed to growth in a number of enterprises and their need to effectively manage field force.
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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.
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.
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.
