According to Stratistics MRC, the Global Field Activity Management Market is accounted for $1.19 billion in 2022 and is expected to reach $3.28 billion by 2028 growing at a CAGR of 18.5% during the forecast period.
Field activity management refers to the use of software, procedures, and communication solutions to manage field activities, including physical assets, associated people, and equipment. It is the art of managing and responding to all of the moving parts of a business that are operating outside of a central office. This software unifies and gathers data from mapping and scheduling, location data, and time and expense monitoring into a single platform, allowing for more efficient asset usage, visualization, tracking, and administration.
Organizations are migrating from on-premises field activity management systems to cloud-based field activity management solutions in order to reap the benefits of this technology. These management suppliers are increasingly focusing on offering SaaS-based solutions that aid cut costs and attain superior return on investment. Additionally, field activities firms are recognizing the need to ensure that all resources are being used properly for business purposes and that field workers/technicians are doing their assigned jobs professionally. Furthermore, the transition towards the cloud helps the companies to easily trail the development and ensures timely completion of allotted assignments. Therefore, these aspects are anticipated to open novel growth avenues for the overall field activity management market during the forecasting period.
By geography, North America is projected to have the largest market share during the forecast period, due to the growing number of data breaches with the increase in the usage of field activities and BYOD preferences. This region has been very quick to implement the most recent technical innovations, such as cloud computing, field activities, and IoT, into businesses. Over the last few years, businesses have been implementing the field activity management solution on a big scale. Moreover, the United States is a significant contributor across North America, as constant innovation and new technologies drive the U.S. market’s growth.
Some of the key players profiled in the Field Activity Management Market include Salesforce.Com, Inc, ProntoForms Corporation, Esri, Inc., SafetyCulture Pty Ltd., Repsly, Inc., Bentley Systems, Inc., GoCanvas, SAP SE, FieldWireLabs, Inc., Fulcrum, Field Safe Solutions, Inc., OnSource, Spatial Networks, Inc., MobileLogix, Logistrics Services, Thundermaps, Microsoft, and Oracle Corporation.
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By Deployment Modes:
- Cloud
- On-Premises
By Components:
- Services
- Solutions
By Organization Sizes:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By End Users:
- Energy and Utilities
- Manufacturing
- Government
- IT & Telecom
- Agriculture
- Construction and Real- Estate
- Healthcare & Life Sciences
- Banking, Financial Services and Insurance (BFSI)
- Transportation & Logistics
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