The most recent study conducted by Report Ocean, titled “Global Field Activity Management Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Field Activity Management. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Field Activity Management Market is valued approximately USD 1.00 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.00 % over the forecast period 2022-2028. Field Activity Management is the skill of overseeing and reacting to all of a company’s moving pieces that operate outside of its headquarters. Previously, a business unit that worked in this fashion had to classify itself as either a Sales Force or a Field Service Organization. The increased adoption of cloud-based deployment and rising penetration of smartphones has led the adoption of Field Activity Management across the forecast period. The increased adoption of cloud-based deployment with growing collaboration among companies.
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For Instance: Anand Priya Singh, Cyber Media Research (CMR) Analyst – Industry Intelligence Group, smartphone shipments increased by 11% year on year, from 150 million in 2020 to 167-168 million in 2021predicted that smartphone shipments will hover around 187-190 million in 2022, with 5G device shipments increasing by 129% year-on-year from 28 million in 2021 to about 64 million in 2022. Ansys announces strategic collaboration with AWS to transform cloud-based engineering simulations.
Also, with the increasing need to make informed decision and rising adoption of field activity management, the adoption & demand for Field Activity Management is likely to increase the market growth during the forecast period. However, tracking the workforce in real-time and resistance from field workers impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Field Activity Management market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the adaptation of enterprise mobility solutions to meet the growing demand for securing and protecting critical data. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as constant economic growth, increasing the young workforce, and the increasing usage of tablets and smartphones would create lucrative growth prospects for the Field Activity Management market across Asia-Pacific region.
Major market players included in this report are:
Repsly (US)
ESRI (US),
SAP (Germany),
Fielda (US),
Fulcrum (US),
ProntoForms (Canada),
OnSource (US),
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SafetyCulture (Australia),
Field Safe Solutions (Canada),
GoCanvas (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Vertical:
Telecom
Energy and Utilities
Construction and Real- Estate
Manufacturing
Agriculture
Government
Other Verticals
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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