The field force automation market is projected to rise and generate revenue worth $9,033 million in 2030, ascribed to the surging smartphone and mobile internet penetration, with an increasing concentration on leveraging advanced technologies, including the internet of things, artificial intelligence, and cloud computing in field force automation solutions and increasing requirement of the automotive repetitive activities.
The field force automation industry is projected to rise due to COVID-19, due to lockdowns in various countries. It will result in high demand for automated field operations for real-time insights collection. Moreover, the increasing adoption of digital initiatives and fast production pace encouraged numerous industries to the adoption of automated solutions in the near future.
Under the offering segment, the service category is projected to reflect substantial growth in the coming years, owing to the huge demand for system integration, maintenance, installation, and support for a regular software update to its latest version, improving the productivity of resource, and project lifecycle streamlining.
Moreover, the service category holds a substantial share of the field force automation industry, and it is projected to reflect faster growth in the coming future. It is owed to the wide adoption of professional services such as training, consulting and support, and education for field force automation solutions deployment. Businesses are employing these solutions for real-time data collection and analyses to acquire meaningful information to make fast decisions with next-generation technologies integration.
The large enterprises generate significant revenue in the field force automation industry, ascribed to the surging procurement of field force automation solutions. It enhances business productivity, supports data-driven decision-making, simplifies complex work operations, and maps field agents’ performance.
In addition, the SMEs are expected to reflect faster growth in the near future led by rapid digitization of SMEs, cloud computing technologies, and mobile-based solutions adoption by enterprises.
Under the pricing model, the subscription-based category captures significant revenue, attributed to the ease of availability of yearly and monthly subscription plans of such solutions. The subscription plans are designed considering the customers’ requirements and the number of users of the service. In addition, the companies offer a free trial for a limited number of days that supports users in selecting the plans that suit caters requirements.
Under the application segment, sales order management captures the largest share of the industry due to the increasing automating field sales activities demand. It includes data analysis, inventory management, area, and locality-based work shift scheduling, and real-time insights collection into the lead lifecycle and product inquiries.
North America is an extensive user of field force automation solutions, owing to the high investments in the IT infrastructure, and rising mobile applications adoption for real-time field information collection. The high industrial automation demand, rising preference for cloud computing, rapid integration of advanced technologies, such as IoT, ML, and facial recognition in numerous business activities, along with the presence of major companies in the region boosts the industry.
Therefore, the technological evolution with improved productivity and quality of business processes, led by the integration of AI and ML boosts the field force automation solutions.
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.
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.
Market Scenario:The companies such as Microsoft Corporation (U.S.), NetSuite Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com Inc. (U.S.), SAP SE(Germany), are contributing the largest market revenue in providing of sales force automation solution across the world.
The major players such as Microsoft Dynamics CRM Online and Salesforce.com went into the global strategic partnership in 2014.
Sales Force Company is offering Software as a Services-only SFA solution that is ranging from mobile sales productivity apps to advanced analytics.
While, Microsoft Dynamics CRM Online offers SFA product capabilities and SFA product vision to provide better solution to its customers.The cloud based software is being widely used in Sales Force Automation Market.
These software offers secure data storage which can be securely access and eliminates the overheads.
The sale team uses these tools that are used as mobile friendly and allow the access to analytics, is being propelling the market growth in the forecast years.The global sales force automation market is expected to grow at USD ~8 Billion by 2023, at ~10% of CAGR between 2017 and 2023.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4091Key playersThe prominent players in the global sales force automation market are – Aptean Software Company (U.S.), Bullhorn Inc.(U.S.), Microsoft Corporation (U.S.), NetSuite Inc. (U.S.), Oracle Corporation (U.S.), Pegasystems Inc. (U.S.), Sage Group Plc.
