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Field Force Automation Market Qualitative Edge Elevating Research Outcomes with Focus Groups | ServiceMax Inc, SalesDiary Inc., Folio3 Software

Field Force Automation Market Qualitative Edge Elevating Research Outcomes with Focus Groups | ServiceMax Inc, SalesDiary Inc., Folio3 Software

Report Ocean is a comprehensive analysis of the “Field Force Automation Market”  that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.

The Global Field Force Automation Market, valued at approximately USD 1.42 billion in 2022, is poised for robust growth with a healthy CAGR of more than 18.20% over the forecast period from 2023 to 2030. Field force automation, synonymous with field force management, involves the real-time capture of field services and sales information utilizing mobile communication technology, encompassing devices like mobile phones, tablet PCs, wearables, and wireless devices. The market is expanding due to factors such as the increasing penetration of connected devices and the growing demand for cloud-based applications, both of which positively impact field force automation by enabling seamless connectivity and real-time data exchange.

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Market Dynamics:

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.

Key Regions:

North America dominated the market during the forecast period, driven by the increasing adoption of real-time mobile applications for field data collection, growing demand for industrial automation, and rising adoption of cloud computing solutions in the region. Asia Pacific is expected to witness significant growth, attributed to rapid industrialization and increasing technological advancements in the region.

Major Market Players:

Key players contributing to the growth of the Field Force Automation Market include ServiceMax Inc, SalesDiary Inc., Folio3 Software Inc., Channelplay Limited, VisitBasis Tech, LLC, Oracle Corporation, Microsoft Corporation, Salesforce, Inc., Acumatica, Inc., and Leadsquared Private Limited.

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Recent Developments:

In October 2022, TechSee and Oracle collaborated on a technology integration, incorporating TechSee’s visual engagement and AI-powered service automation solutions into Oracle Field Service. This collaboration empowered agents and technicians with augmented reality guidance on their mobile devices through a real-time video stream, significantly enhancing their capabilities while working in the field.

Report Scope:

  • Historical Data: 2020 – 2021
  • Base Year for Estimation: 2022
  • Forecast Period: 2023-2030
  • Report Coverage: Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
  • Segments Covered: Component, Deployment, Organization Size, Industry Vertical, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

Objective of the Study:

The study aims to define market sizes of different segments & countries in recent years and forecast values to the coming years. The report incorporates both qualitative and quantitative aspects, analyzing driving factors, challenges, potential opportunities, competitive landscape, and product offerings of key players.

Detailed Segments and Sub-segments:

By Component:

  • Solution
  • Services

By Deployment:

  • On-Premise
  • Cloud

By Organization Size:

  • SME
  • Large Enterprise

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By Industry Vertical:

  • IT and Telecom
  • Healthcare and Life Sciences
  • Manufacturing
  • Transportation and Logistics
  • Construction and Real Estate
  • Energy and Utilities
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

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Strategic Decision-Making:

Our market research reports provide invaluable insights for strategic decision-making. By analyzing industry trends, market dynamics, and emerging opportunities, businesses can make informed choices that align with their long-term goals and objectives.

Market Understanding:

A comprehensive understanding of the market is crucial for success. Our reports delve deeply into market size, segmentation, and growth drivers, ensuring businesses have a nuanced comprehension of the landscape they operate in, aiding in effective planning and execution.

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Key Questions Answered by the Report:

  • What are the driving factors for market growth?
  • What challenges and limitations does the market face?
  • What emerging opportunities exist in the market?
  • What potential threats and risks could impact the market?
  • What is the current market size and growth rate?
  • What are the market segments and their sizes?
  • Which regions are projected to experience the highest growth and market share?
  • What variables affect different geographical areas?
  • Who are the major players in the market and their rankings?
  • What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
  • What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
  • What is the present market outlook, considering recent changes and growth possibilities?
  • What are the drivers, obstacles, and restrictions in both developing and emerging regions?
  • How does the market analysis utilize Porter’s five forces analysis?
  • How does the Value Chain provide insights into market dynamics?

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About Report Ocean:

Report Ocean stands as a preeminent provider of market research reports within the industry. Renowned globally, we are acclaimed for delivering insightful and informative research reports. Our commitment lies in furnishing clients with a comprehensive blend of both quantitative and qualitative research outcomes. As an integral component of our expansive global network and thorough industry coverage, we offer an in-depth reservoir of knowledge that empowers strategic and well-informed business decisions. Our approach integrates cutting-edge technology, advanced analysis tools, and our proprietary research models, all underpinned by years of expertise. This synergy allows us to craft essential details and facts that consistently surpass expectations.

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