According to a research report "Field Force Automation Market major factors that drive the growth of market are rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions. Field Force Automation Market define, describe, and forecast by component (solution and services), deployment type, organization size, industry, and region - Global Forecast to 2024" published by MarketsandMarkets. The field force automation market 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.
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Based on component, services segment to
record a higher growth rate than the software segment during the Large
enterprises segment to hold the largest market size during the forecast period
With 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. Field force automation solution empowers field managers and
mobile workers with real-time collaboration and communication and predictive
analytics capabilities.
Services segment to grow at a higher CAGR
during the forecast period
The services segment is
expected to grow at a higher CAGR during the forecast period due to the demand
for constant guidance, training, and support among enterprises, during the
product deployment life cycle. Services enable companies to choose the right
set of solutions as well as deploy solutions correctly and operate them without
hassle.
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North
America to account for the largest market size during the forecast period
Many
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.
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