Field Operations Management Market Growing at 16.4% CAGR | Key player Bentley Systems, Fulcrum, Prontoforms, Onsource, Safetyculture

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“ESRI (US), SAP (Germany), Fielda (US), Fulcrum (US), ProntoForms (Canada), OnSource (US), SafetyCulture (Australia), Field Safe Solutions (Canada) , GoCanvas (US), Repsly (US), Fieldwire (UK), FieldEZ ​​(India), FastField (US), MobileLogix (US), Corrata (Ireland), Thundermaps ( New Zealand), Logistics Services (Canada), Bentley Systems (USA), Webuild (Australia), Smart Service (USA),

Field Activity Management Market by Component (Solution and Services (Consulting, Integration, Training and Support)), Deployment Mode, Organization Size, Vertical (Telecom, Energy and Utilities, and Government), and Region – global forecasts until 2026

MarketsandMarkets predicts the world Field Activity Management Market its size will increase from USD 1.0 billion in 2021 to USD 2.2 billion by 2026, at a compound annual growth rate (CAGR) of 16.4% during the forecast period. The presence of various key players in the ecosystem has led to a competitive and diverse market. Field operations management is the management of field operations, including physical assets, associated workforce, and equipment using software, workflows, and communication solutions. The field activity management solution consolidates and captures data related to mapping and planning, location data, and time and expense tracking under a single platform and contributes to use, visualization, effective monitoring and management of assets in the field.

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.

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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.

The automation of field activities and the integration of cloud and mobility, predictive analytics and the emergence of IoT and AI present major opportunities for field activity management providers to improve their product portfolios. The integration of mobile capabilities has enabled field business management solutions to provide information on product delivery, product inventory and shipping, and work orders. He also encouraged field operations management vendors to offer superior and cost-effective solutions to improve organizational productivity. Cloud service providers offer enhanced service management solutions based on the needs of large enterprises and SMBs. The integration of machine-to-machine (M2M) related services and mobility plays a crucial role in field activities, as it helps to automate work processes, as well as generate real-time reports based on analysis. This reduces human efforts and enables efficient execution of tasks.

The report covers the competitive landscape and profiles of major market players, such as ESRI (US), SAP (Germany), Fielda (US), Fulcrum (US), ProntoForms (Canada), OnSource ( USA), SafetyCulture (Australia), Field Safe Solutions (Canada), GoCanvas (USA), Repsly (USA), Fieldwire (UK), FieldEZ ​​(India), FastField (USA ), MobileLogix (US), Corrata (Ireland), Thundermaps (New Zealand), Logistics Services (Canada), Bentley Systems (US), Webuild (Australia), Smart Service (US), Device Magic (USA), Forms On Fire (USA). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global business management market. ground.

ESRI provides field business management like ArcGIS, real-time visualization and analysis, asset tracking and analysis, and consulting. ArcGIS provides a suite of field applications, which enables organizations to digitally transform field operations. ArcGIS offers tools and techniques to coordinate with the field team and send real-time data back to the office, allowing field and office teams to work on the same real-time data. Real-time visualization provides real-time data monitoring and insights through location intelligence. It helps in situational analysis, which enables the business to make real-time decisions at the right time and in the right place.

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ESRI focuses on YoY growth with organic and inorganic growth strategies. For example, in December 2021, ESRI and Microsoft partnered to provide data related to the analysis of images captured by satellites in space. ArcGIS imagery technology offered by ESRI processes and analyzes image data hosted on Microsoft’s Azure Orbital.

SAP is one of the major players in the field operations management market. The company intends to provide field business management software, which is offered to the oil and gas industry to modernize its production and distribution process using the unified management plan to streamline field activities.

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