PUBLISHER: The Business Research Company | PRODUCT CODE: 1648826
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648826
The field activity management solution refers to solutions that consolidate and capture data related to mapping and scheduling, location data, and time and expense tracking on a single platform, allowing for more efficient asset utilization, visualization, tracking, and management. The field activity management is used for managing field activities, including physical assets, the associated workforce, and equipment, through the use of software, workflows, and communication solutions.
The main types of components in field activity management are solutions and services. The solution is used to allow employees at all levels of a company to interact with customers in novel ways and alter how managers approach customer service. Solutions can assist businesses in developing a strong and loyal customer base, resulting in increased sales and revenue. The different deployment modes include on-premises and cloud that are employed in IT and telecom, healthcare and life sciences, manufacturing, BFSI, and other verticals.
The field activity management market research report is one of a series of new reports from The Business Research Company that provides field activity management market statistics, including field activity management industry global market size, regional shares, competitors with a field activity management market share, detailed field activity management market segments, market trends and opportunities, and any further data you may need to thrive in the field activity management industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The field activity management market size has grown rapidly in recent years. It will grow from $1.43 billion in 2024 to $1.63 billion in 2025 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increased demand for field service efficiency, need for real-time tracking and data collection, emphasis on workforce productivity and profitability, integration of field service management with business applications, growing adoption of field activity management solutions.
The field activity management market size is expected to see rapid growth in the next few years. It will grow to $3.1 billion in 2029 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to implementation of predictive maintenance systems, increased use of mobile technologies for data collection, integration of field service management with business applications, growing emphasis on real-time data flow and analytics, adoption of IoT sensors and devices for field service management. Major trends in the forecast period include mobile and cloud-based field activity management solutions, integration of wearables for hands-free field operations, collaboration between field teams and centralized operations, automation of routine field tasks and workflows, focus on customer-centric field service experiences.
Increasing adoption of automation and digitalization is expected to propel the growth of the field activity management market going forward. Automation and digitalization are used to describe the use of digital technology to automate the execution of tasks at regular intervals. The advantages of integrating automation and digitalization in field activity management include optimal resource utilization, effective resource tracking, and monitoring, and lower operational costs. For instance, according to Manufacturing Today, an India-based manufacturing industry news magazine, it is estimated that by 2050, approximately 85-90% of manufacturing firms in India would adopt automation in operations. Furthermore, according to Windward Studios, a US-based reporting and document generation company for organizations of all sizes, by 2023, 40% of big enterprise I and O teams would embrace AI-augmented automation, boosting efficiency and scalability in IT departments. In addition, businesses are expected to employ 70% more automation architects by 2025 than they did in 2020, up from 20%. Therefore, increasing adoption of automation and digitalization is driving the growth of the field activity management market going forward.
The adoption of work-from-home (WFH) practices is expected to propel the growth of field activity management going forward. Work-from-home (WFH) practices refer to the practice of employees working remotely from their homes or other off-site locations rather than at a physical office or workplace. As organizations adapt to remote work environments, there is an amplified demand for comprehensive solutions that can efficiently manage and coordinate field operations, even when employees are working from diverse, decentralized locations. Field Activity Management tools enable the real-time monitoring, task assignment, and collaboration necessary to ensure productivity and accountability among remote teams. For instance, in June 2023, according to a report issued by Forbes, a US-based business magazine and media company, as of 2023, 12. 7% of full-time employees work from home, while 28. 2% work in a hybrid model. By 2025, 32. 6 million Americans will work remotely. Thus, an increase in the adoption of work from home is expected to lead to an increase in demand for field activity management market growth.
Major companies in the Field Activity Management Market are emphasizing technological advancements, such as mobile applications and real-time tracking systems, to boost operational efficiency and enhance collaboration among field teams across various industries. MyTasks is an in-vehicle task management tool that enables fleet managers to assign and oversee tasks in real-time through the vehicle's infotainment system, thereby improving communication and efficiency for commercial fleets. For example, in March 2024, Stellantis N.V., a Netherlands-based automotive manufacturing company, introduced MyTasks for commercial fleets, which is the industry's first interactive in-vehicle task management tool. This software offers a new in-vehicle experience that simplifies fleet management and enhances driver safety. The launch signifies a major advancement in fleet management technology, facilitating real-time communication between fleet managers and drivers via the vehicle's integrated infotainment system.
Major companies in the field activity management market are concentrating on technological innovations, such as AI-driven scheduling and real-time tracking, to equip businesses with high-quality tools that enhance workforce efficiency and improve task execution in field operations. HERE Matrix Routing is a mapping and navigation solution that enables users to calculate optimized routes for multiple origins and destinations simultaneously, thereby enhancing efficiency for large-scale fleet management and logistics planning. For example, in July 2024, Here Technologies, a Netherlands-based software company, announced the integration of HERE Matrix Routing with SAP's AI-enabled Field Service Management solution to enhance predictive routing capabilities. Enterprises using SAP Field Service Management can experience improved efficiency, reduced costs, a more sustainable approach to operations, and an enhanced customer experience in managing job assignments for service workers.
In November 2022, PTC, a US-based computer software company, acquired ServiceMax for $1. 4 billion. Through this acquisition, PTC planned to extend its closed-loop product lifecycle management offerings into enterprise asset management and field service management. ServiceMax is a US-based developer of cloud-native field service management software.
Major companies operating in the field activity management market include Bentley Systems Inc., Comarch SA, The Environmental Systems Research Institute Inc, FastField Mobile Forms, Field Safe Solutions Inc., Fulcrum Digital Private Limited, Industrial and Financial Systems AB., Infor, Microsoft Corporation, Oracle Corporation., Overit S. p. A, Praxedo, Salesforce. Com India Private Limited, SAP AG, Servicemax Technologies (India) Private Limited, Repsly Inc., ProntoForms Corporation, Canvas Solutions Inc., FieldWireLabs Inc., Smart Service Software, SafetyCulture Pty Ltd., Fieldez Technologies Private Limited, MobiLogix India Pvt Ltd., Servicepower Technologies, ClickSoftware
North America was the largest region in the field activity management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field activity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the field activity management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The field activity management market includes revenues earned by entities by providing assigning and scheduling work orders services, dispatching worker assignments, communicating with field workers, managing product inventory, and collecting data services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Field Activity Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on field activity management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for field activity management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The field activity management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.