PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314985
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314985
Global Field Force Automation Market is valued at approximately USD 1.42 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.20% over the forecast period 2023-2030. Field force automation also referred to as field force management, entails the real-time capture of field services and sales information using mobile communication technology. This typically involves the use of mobile phones, tablet PCs, wearables, and wireless devices. The Field Force Automation Market is expanding because of factors such as, increasing penetration of connected devices and growing demand for cloud-based applications. Moreover, rising penetration of connected devices positively impacts field force automation by enabling seamless connectivity and real-time data exchange.
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.
The key regions considered for the Global Field Force Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the, increasing adoption of real-time mobile applications for field data collection and a growing demand for industrial automation, and rising adoption of cloud computing solutions in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to the rapid industrialization and increasing technological advancements, in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable