Field Activity Management Market by Component, Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Field Business Management Market by Component (Solution & Services (Consulting, Integration, Training & Support)), Deployment Mode, Organization Size, Vertical (Telecom, Energy & Utilities, and government) and region – global forecast for 2026 report” has been added to from ResearchAndMarkets.com offer.

The publisher forecasts the global field operations management market size to grow from USD 1.0 billion in 2021 to USD 2.2 billion by 2026, at a compound annual growth rate (CAGR) of 16 .4% over the forecast period.

Services to register higher growth rate during the forecast period

In the field operations management market by component, services are expected to register a higher growth rate during the forecast period. Services play a critical role in the deployment and integration of field business management solutions. Services are considered an important part as they help to meet the personalized requirements of customers. Based on services, the field business management market has been segmented into consulting, implementation and integration, and training and support. These services help implement field business management solutions in a cost effective manner to efficiently accomplish business processes on time and on budget.

SMEs are expected to hold a larger market share over the forecast period

Based on organization size, SMBs are expected to hold the largest market size in today’s market, as SMBs are primarily focused on using field business management solutions to globalize and manage workers in various locations, as well as analyze and act for better workforce satisfaction. Field Activity helps SMBs by providing a personalized approach, a centralized portal, advanced analytics, and extensive suites that help drive employee engagement and better tailor all aspects of employee workflow.

Cloud deployment is expected to experience higher growth rate during the forecast period

By mode of deployment, cloud is expected to have a higher growth rate. Benefits include flexibility, scalability, affordability, operational efficiency, and low costs. This is due to the associated functionality and basic characteristics. Additional advantages of cloud-based solutions include efficiency when used by various users, reduced initial costs, easy deployment of new projects, no hardware investments, low maintenance costs and reduced infrastructure costs.

Construction and real estate are expected to witness a higher growth rate over the forecast period

By vertical, construction and real estate are expected to experience a higher growth rate. Managing technicians in the field is a huge responsibility. This includes tasks such as keeping a detailed work log of field technicians, scheduling tasks for them so that their time in the field can be used properly, and getting their real-time reports. Field activity management solutions provide benefits such as reliable asset tracking, better traceability, and better customer communication with real-time notifications. Field operations management plays a vital role in the real estate services industry for the ongoing maintenance of properties, with more and more organizations using mobile computing to improve communication with the field, increase productivity, streamline work processes and improve customer service and loyalty.

APAC will have a higher growth rate during the forecast period

By region, APAC is expected to grow at the highest CAGR over the forecast period. The Asia-Pacific field activity management market is expected to witness high growth in the coming years, owing to the steady economic growth, increase in young workforce and utilization tablets and smartphones for professional purposes which will lead to the adaptation of enterprise mobility solutions to meet the growing demand for securing and protecting critical data. The main reason for this strong growth in the APAC region is the growing digitalization of people and the growing infusion of automation in workplaces and government initiatives to promote the adoption of technology in the region.

Market dynamics

Drivers

  • Growing demand for workforce optimization and mobile apps

  • Increased adoption of cloud-based field operations management solutions

  • Growing need for predictive analytics

  • Increased adoption of Byod

Constraints

  • Resistance of field workers to adopting automated solutions

  • Privacy and Security Concerns with Workforce Data Deployed to the Cloud

Opportunities

  • Growing need to make informed decisions among businesses

  • Growing adoption of field business management solutions by SMEs

  • Emergence of technologies, such as augmented reality

  • IoT integration for an enhanced experience

Challenges

  • Tracking the workforce in real time, especially when off-screen, is a major challenge

  • Ensuring the safety and responsibility of workers who visit hazardous locations is one of the most important issues for many organizations

Companies cited

  • Esri

  • Sap

  • Bentley Systems

  • Pivot

  • Prontoforms

  • To the source

  • Culture of safety

  • Safe solutions in the field

  • gocanvas

  • To respond

  • Fielda Inc.

  • field wire

  • Fieldez

  • Fastfield

  • Mobilelogix, Inc.

  • Corrata

  • Thundermaps

  • Logistics services

  • We are building

  • Smart Services

  • Device Magic

  • shapes on fire

For more information about this report visit https://www.researchandmarkets.com/r/h96lsa

Comments are closed.