The field activity management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Field Activity Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The field activity management market size has grown rapidly in recent years. It will grow from $1.27 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to increased demand for field service efficiency, need for real-time tracking and data collection, emphasis on workforce productivity and profitability, integration of field service management with business applications, growing adoption of field activity management solutions.
The field activity management market size is expected to see rapid growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to implementation of predictive maintenance systems, increased use of mobile technologies for data collection, integration of field service management with business applications, growing emphasis on real-time data flow and analytics, adoption of iot sensors and devices for field service management. Major trends in the forecast period include mobile and cloud-based field activity management solutions, integration of wearables for hands-free field operations, collaboration between field teams and centralized operations, automation of routine field tasks and workflows, focus on customer-centric field service experiences.
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Scope Of Field Activity Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Field Activity Management Market Overview
Market Drivers –
Increasing adoption of automation and digitalization is expected to propel the growth of the field activity management market going forward. Automation and digitalization are used to describe the use of digital technology to automate the execution of tasks at regular intervals. The advantages of integrating automation and digitalization in field activity management include optimal resource utilization, effective resource tracking, and monitoring, and lower operational costs. For instance, according to Manufacturing Today, an India-based manufacturing industry news magazine, it is estimated that by 2050, approximately 85–90% of manufacturing firms in India would adopt automation in operations. Furthermore, according to Windward Studios, a US-based reporting and document generation company for organizations of all sizes, by 2023, 40% of big enterprise I and O teams would embrace AI-augmented automation, boosting efficiency and scalability in IT departments. In addition, businesses are expected to employ 70% more automation architects by 2025 than they did in 2020, up from 20%. Therefore, increasing adoption of automation and digitalization is driving the growth of the field activity management market going forward.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The field activity management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Vertical: IT and Telecom, Healthcare and Life Sciences, Manufacturing, BFSI, Other Verticals
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Regional Insights –
North America was the largest region in the field activity management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field activity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the field activity management market report are Bentley Systems Inc., Comarch SA, Corrata, The Environmental Systems Research Institute Inc, FastField Mobile Forms, Field Safe Solutions Inc., Fulcrum Digital Private Limited, Industrial and Financial Systems AB., Infor, Logistics Services Private Limited, Microsoft Corporation, Oracle Corporation., Overit S. p. A, Praxedo, Salesforce. Com India Private Limited, SAP AG, Servicemax Technologies (India) Private Limited, Webuild SPA, Repsly Inc., ProntoForms Corporation, Canvas Solutions Inc., FieldWireLabs Inc., Smart Service Software, SafetyCulture Pty Ltd., Fieldez Technologies Private Limited, MobiLogix India Pvt Ltd., Servicepower Technologies, ClickSoftware
Table Of Contents
1. Executive Summary
2. Field Activity Management Market Report Structure
3. Field Activity Management Market Trends And Strategies
4. Field Activity Management Market – Macro Economic Scenario
5. Field Activity Management Market Size And Growth
…..
27. Field Activity Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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