Field Force Automation Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast


Posted August 28, 2020 by devanshu

The global field force automation market is predicted to reach a value of $9,033.0 million by 2030, from $1,196.9 million in 2019, progressing at a 20.9% CAGR during the forecast period.

 
​The key applications of field force automation services and solutions are lead management, sales order management, and customer service. The largest demand for field force automation was created for sales order management application in the past, owing to the increasing demand for various automating field sales activities, such as real-time insights about lead lifecycle and product inquiries, inventory management, scheduling or work shifts on the basis of locality and area, and analysis of the data using analytics tools.

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As per a study by P&S Intelligence, the global field force automation market is predicted to reach a value of $9,033.0 million by 2030, from $1,196.9 million in 2019, progressing at a 20.9% CAGR during the forecast period (2020–2030). North America dominated the field force automation market during the historical period (2014–2019). APAC is poised to witness the fastest growth in between 2020-30.

Geographically, North America has been the largest ​field force automation market up till now, which can be ascribed to the increasing IT investments, extensive adoption of mobile applications for gathering real-time field information, presence of a large number of companies in the domain, rising demand for industrial automation, shift towards cloud technology, and integration technologies such as facial recognition and internet of things in business activities.

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Other than this, the demand for these solutions is also projected to rise in Asia-Pacific in the coming years due to the rapid industrialization and growing awareness regarding computerized operations of field sales teams. Hence, the adoption of field force automation solutions is growing due to the increasing use of digital marketing strategies.
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Issued By Devanshu
Country United States
Categories Business
Last Updated August 28, 2020