With the emergence and long-term Impact of COVID-19, the Global Field Force Automation Market is to reach USD 5.41 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Field Force Automation Market is poised to raise up to USD 5.41 Billion by 2030. Field force automation also referred to as field force management, entails the real-time capture of field services and sales information using mobile communication technology. This typically involves the use of mobile phones, tablet PCs, wearables, and wireless devices. The Field Force Automation Market is expanding because of factors such as, increasing penetration of connected devices and growing demand for cloud-based applications.
Moreover, rising penetration of connected devices positively impacts field force automation by enabling seamless connectivity and real-time data exchange. According to Statista, the global installed base of Internet of Things (IoT) connected devices may reach 30.9 billion units by 2025. This represents a notable growth compared to the estimated 13.8 billion units in 2021. The increasing demand for cloud-based applications significantly influences the field force automation market, increasing adoption and enabling businesses to leverage scalable and accessible field force automation solutions for enhanced field operations management and real-time data collection.
According to Statista in 2023, the global market for cloud applications had a value of USD133.6 billion in 2021 and is projected to reach USD168.6 billion by 2025. The cloud applications software market is expected to grow at a compound annual growth rate of 4.8%. In addition, the rising demand for safety compliance automation solutions and technological advancements in field force automation would create a lucrative growth opportunity. However, the high cost of field force automation and low data security stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Field Force Automation Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market during the forecast period owing to the, increasing adoption of real-time mobile applications for field data collection and a growing demand for industrial automation, and rising adoption of cloud computing solutions in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to the rapid industrialization and increasing technological advancements, in the region.
The global Field Force Automation Market is highly competitive owing to the presence of several key manufacturers such as ServiceMax Inc., SalesDiary Inc., Folio3 Software Inc., Channelplay Limited, VisitBasis Tech, LLC, Oracle Corporation, Microsoft Corporation, Salesforce, Inc., and others.
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Key findings of the study suggest:
- Global Field Force Automation Market is anticipated to grow with a healthy growth rate of more than 18.20% over the forecast period 2023-2030.
- In the Component segment, solution emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing adoption of real-time mobile applications for field data collection.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Component:
- Solution
- Services
By Deployment:
- On-Premise
- Cloud
By Organization Size:
- SME
- Large Enterprise
By Industry Vertical:
- IT and Telecom
- Healthcare and Life Sciences
- Manufacturing
- Transportation and Logistics
- Construction and Real Estate
- Energy and Utilities
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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