According to a new report, published by KBV research, The Global Field Activity Management Market size is expected to reach $2.3 billion by 2027, rising at a market growth of 16.3% CAGR during the forecast period.
The Solution segment is leading the Global Field Activity Management Market by Component in 2020; thereby, achieving a market value of $1.5 billion by 2027. This is because these solutions ease the job of employees, streamline the workforce in firms, and provide them more time to focus on high-priority tasks by providing services such as work order administration, inventory management, scheduling, and dispatching.
The On-premise segment shows high growth rate of 14.4% during (2021 - 2027). This is due to constantly growing cybersecurity concerns. In addition, deploying field or site device management on-premises gives the data center complete control over the system, as well as greater integration and security. To handle indemnification difficulties, legal responsibilities, and technical restrictions, businesses select on-premise solutions. To give better visibility, control, and security, major corporations have put their field activity management solutions on-premise.
The Small & Medium Enterprises segment acquired maximum revenue share in the Global Field Activity Management Market by Enterprise Size 2020, thereby, achieving a market value of $1.3 billion by 2027. This is because SMBs are primarily focused on adopting field activity management solutions to go global and manage workers in numerous places, as well as evaluate and act to improve workforce satisfaction. Field activity assists SMEs by offering a personalized approach; a centralized interface, comprehensive analytics, and a broad suite of tools that help promote employee engagement and better adapt all areas of employees' workflow.
The Energy & Utilities market is showcasing a CAGR of 16.8% during (2021 - 2027). This is because of the increased adoption of mobile-driven field activity management solutions. In addition, to ensure daily work, the sector requires the majority of the employees to be in the fields.
The North America is fastest growing region in the Global Field Activity Management Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $824.1 million by 2027. The Europe market is estimated to witness a CAGR of 15.5% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 18.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/field-activity-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Repsly, Inc., Spatial Networks, Inc., ProntoForms Corporation, Canvas Solutions, Inc., SafetyCulture Pty Ltd., Field Safe Solutions, Inc., FieldWireLabs, Inc., Bentley Systems, Inc., Esri, Inc., and SAP SE.
By Component
By Deployment Type
By Enterprise Size
By Vertical
By Geography
Companies Profiled
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