The global field operations management market size is expected 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%

0

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.

New York, Jan. 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Field Activity Management Market by Component, Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2026” – https://www.reportlinker.com/p06223814/?utm_source=GNW
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 field asset tracking and management

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 element as they help to meet the personalized requirements of customers. On the basis of services, the field business management market has been segmented into consulting, implementation and integration, 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 during the forecast period
By vertical, construction and real estate should have 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 equipment 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 field activity management market in APAC is expected to witness strong growth in the coming years, owing to steady economic growth, increase in youthful workforce and usage tablets and smartphones for professional use will lead to adapting 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.
• By type of business: Level 1: 46%, Level 2: 16% and Level 3: 38%
• By designation: level C – 32%, directors – 42% and others – 26%
• By region: North America -40%, Europe -33%, APAC – 17%, Rest of the world – 10%

The report covers the competitive landscape and introduces major market players including ESRI (US), SAP (Germany), Fielda (US), Fulcrum (US), ProntoForms (Canada), OnSource (US) 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 ( United States), Forms On Fire (United States). 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 share in the global business management market. ground.

Research coverage
The market study covers the field operations management market across different segments. It aims to estimate the market size and growth potential of this market across various segments based on component, deployment mode, organization size and verticals with regions covered.

The study also includes an in-depth competitive analysis of key market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Purchasing the Report
The report is expected to help market leaders/new entrants in this market by providing information on the closest approximations of revenue figures for the overall Field Activity Management market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve their businesses’ position and plan appropriate go-to-market strategies.

The report also aims to help stakeholders understand the pulse of the market and provide them with insights on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p06223814/?utm_source=GNW

On Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
Share.

Comments are closed.