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Field Force Automation Market Global Analysis by Size, Share, Growth and Trends 2024

(IT-NEWSWIRE.COM, January 18, 2020 ) MarketsandMarkets forecasts 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. Factors that drive the market growth of field force automation market are rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions.

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Large enterprises segment to hold the largest market size during the forecast period

With 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. Field force automation solution empowers field managers and mobile workers with real-time collaboration and communication and predictive analytics capabilities.

Services segment to grow at a higher CAGR during the forecast period

The services segment is expected to grow at a higher CAGR during the forecast period due to the demand for constant guidance, training, and support among enterprises, during the product deployment life cycle. Services enable companies to choose the right set of solutions as well as deploy solutions correctly and operate them without hassle.

North America to account for the largest market size during the forecast period

Many 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. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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