Dublin, Dec. 31, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The author estimates the global field force automation market 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 field force automation market is increasing with the rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions. However, resistance from field forces to adopt automated solutions would limit the growth of the market.

Cloud deployment type is expected to grow at the highest CAGR during the forecast period

SMEs and organizations having limited budget, limited IT, staff, and lack of robust infrastructure are continuously shifting to cloud owing to features such as anywhere access, rapid implementation, reduced setup and operational cost i.e., Capital Expenditure (CapEx) and Operating Expense (OpEx), less maintenance cost, scalability, and ease of use. By empowering their field workers and managers with ubiquitous access to intelligent scheduling and optimization, automated capacity planning. Route planning, and real-time monitoring and communication capabilities, SaaS-based field force automation solution help organization to improve workforce productivity with minimal effort and minimal cost.

IT and Telecom industry vertical to hold the largest market share during the forecast period in the field force automation market

IT and Telecom companies have remotely located assets and geographically dispersed teams of technicians, cable operators, craft workers, and field engineers to manage the same. To ease the repair, installation, and management of their assets, IT and Telecom companies are increasingly adopting field force automation solutions. Field force automation solutions set and align the work priorities with the business demands and automate the dispatch of workers at the right time and right place.

Field force automation market in Asia Pacific is projected to grow at the highest CAGR during the forecast period

The high growth of the market in Asia Pacific (APAC) is attributed to the pervasive use of mobile devices and internet, growing demand of field-specific solutions, high economic growth, and increasing digital initiatives by government in the region. However, resistance from workers that are less exposed to technologies and requirement of upfront investments are few significant hurdles in the field force automation adoption across the region. Though, increasing awareness of field force automation benefits and demand for automated solutions to minimize field service complexities and operational costs opens new avenues for the growth of field force automation market in the region.

Key BenefitsThe report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall field force automation market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction1.1 Objectives of the Study1.2 Market Definition1.3 Market Scope1.4 Years Considered for the Study1.5 Currency Considered1.6 Stakeholders

2 Research Methodology2.1 Research Data2.2 Market Breakdown and Data Triangulation2.3 Market Size Estimation2.3.1 Top-Down Approach2.4 Market Forecast2.5 Assumptions for the Study2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights4.1 Attractive Market Opportunities in the Market4.2 North America Field Force Automation Market, By Industry Vertical and Country4.3 Market Major Countries

5 Market Overview and Industry Trends5.1 Introduction5.2 Market Dynamics5.3 Industry Trends

6 Field Force Automation Market By Component6.1 Introduction6.2 Solution6.3 Services

7 Field Force Automation Market By Organization Size7.1 Introduction7.2 Large Enterprises7.3 Small and Medium-Sized Enterprises

8 Market By Deployment Type8.1 Introduction8.2 On-Premises8.3 Cloud

9 Field Force Automation Market By Industry Vertical9.1 Introduction9.2 IT and Telecom9.3 Healthcare and Life Sciences9.4 Manufacturing9.5 Transportation and Logistics9.6 Construction and Real Estate9.7 Energy and Utilities9.8 Others

10 Field Force Automation Market By Region10.1 Introduction10.2 North America10.3 Europe10.4 Asia Pacific10.5 Middle East and Africa10.6 Latin America

11 Competitive Landscape11.1 Introduction11.2 Competitive Scenario11.2.1 New Product/Solution Launches and Product Enhancements11.2.2 Acquisitions11.2.3 Partnerships and Agreements11.3 Competitive Leadership Mapping11.3.1 Visionary Leaders11.3.2 Dynamic Differentiators11.3.3 Innovators11.3.4 Emerging Companies

12 Company Profiles12.1 Introduction12.2 ServiceMax12.3 ClickSoftware12.4 Oracle12.5 Microsoft12.6 IFS12.7 Salesforce12.8 Trimble12.9 SAP12.10 Astea12.11 BT12.12 Accruent12.13 Acumatica12.14 FieldEZ12.15 Folio312.16 Leadsquared12.17 Mize12.18 Kloudq Technologies12.19 Appobile Labs12.20 Channelplay12.21 Nimap Infotech

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Read more:

Field Force Automation Market Expected to Grow with a CAGR of 18.2% During the Forecast Period, 2019-2024 - Yahoo Finance