Field Force Automation Market Size, Share, Growth, and Industry Analysis, By Type (Wi-Fi, 3G, GPRS, and Other), By Application (Retail and Construction, Energy and Utilities, Manufacturing, Telecommunications, Transportation, and Other) and Regional Insights and Forecast to 2032

Updated On: 27 May 2024

Field Force Automation Market REPORT OVERVIEW

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The global Field Force Automation Market size was USD 812.2 million in 2019 and will touch USD 2124.6 million by 2026, exhibiting a CAGR of 14.6% during the forecast period.

Field Force Automation is nothing but automation of numerous field-related activities, tasks and processes managed and carried out with the help of new technologies and advanced technological systems.

The field force automation market growth is mainly driven by the new-age compilation and reporting technologies as they offer reduced paperwork and much better and reporting capabilities. This is the topmost reason because which further growth is anticipated for this particular market.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The field force automation market was found to be flourishing during and after the Covid-19 pandemic period. Due to the lockdowns and Social distancing, remote working was established during pandemic and hybrid working has become the new thing for many companies after pandemic. Due to these reasons field force automation reached new levels of success as remote working, administrating new workflows and focus on business continuity can altogether be managed by this service system single-handedly.

LATEST TRENDS

"Machine Learning Technology to Drive Market Growth"

The market expansion for field force automation has also been impacted by new, cutting-edge technology, which was expected to increase demand for the product. The adoption of IoT and  artificial intelligence has become the new trend especially for all automation service systems. Shifting to Cloud-based solutions and prioritizing the new forms of user experience and convenience. These trends incorporate capabilities of Artificial Intelligence for better predictive analysis and data driven insights.

Field Force Automation Market SEGMENTATION

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By Type

Based on type the global market can be categorized into Wi-Fi, 3G, GPRS, and Other Type amongst which the leading segment is the Wi-Fi.

• Wi-Fi: It nothing but a solution that helps laptops, tablets, desktops and other such device to interface with internet without any issues and buffers with high speed internet bytes.

• 3G : It is the third generation of wifi services and internet interfacing speed systems.

• GPRS: GPRS is basically moderate high speed internet interfacing for android and smart phones working with 2g and 3g data speed.

By Application

Based on application the global market can be categorized into Retail and Construction, Energy and Utilities, Manufacturing, Telecommunications, Transportation, and Other  amongst which the leading segment is the Retail and Construction.

• Retail and Construction: These services are mainly applied in retail and construction based service systems as they are the most convenient alternative for this particular application.

• Energy and Utilities: This is basically the industry which uses this service system at an extremely large scale as this industry is responsible for for all types of energy production services.

• Telecommunications: It is nothing but the transfer of information virtually, precisely via electronic transmissions  over distances all around the world.

• Transportation: Intentional transmission from one place to another is known as transportation.

DRIVING FACTORS

"Demand for Real-time Data to Boost the Market"

Organisations and companies have been adopting to field force automation it is the most efficient and convenient alternative  for optimizing field operations with improved productivity and reduced cost. It is the most useful system for task-management , streamlining workflows and mainly tracking-real time data with optimized,regularised and disciplined operational field work gains. Timely analysis, strategic decision making and performance monitring are the main characteristics of real-time data analysis which are efficiently satisfied by this particular service system which helps to make informed business decisions.

"Increasing Customer Expectations to Expand the Market"

Population all around the globe prefers and believes in completing the work at hand at the fastes pace possible which enables them to expect automation to be satisfactory and field force automation meets with these expectations of people by providing real-time communication, efficient scheduling and most importantly accurate and appropriate service delivery.

RESTRAINING FACTOR

"Initial Implementation and Investment Cost to Impede Market Growth"

The Growing economy is the result successful market players but also the small and medium-sized enterprises which are found to be most efficient and large numbered organizations contributing to the field force automation market share. The initial cost of implementing and equipping the system with this service is a lot as it includes hardware and software licenses and training as well which is not budget friendly for the (SMEs). This factor may restrain the rapid growth of the market altogether.

Field Force Automation Market REGIONAL INSIGHTS

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"North America Region Dominating the Market due to Advanced Technology"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The global market share is dominated by the North American area. The field force automation market in the region is expanding due to a number of factors, including the rising number of mature IT infrastructures and high smart phone penetration. Industries and such healthcare, utilities and retail are driving the market growth in this region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• ClickSoftware (U.S.)
• IFS (Sweden)
• Oracle (U.S.)
• Servicemax (U.S.)
• Ericsson (Sweden)

INDUSTRIAL DEVELOPMENT

April 2023: Oracle launched latest version of 23c (long term release) and for upgrading to this version you need to in access with 19c or versions that has been released later.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.