Field Activity Management Market

Global Field Activity Management Market Size (2024 to 2032)

The global field activity management market was worth USD 1.11 billion in 2023. The global market is expected to grow at a CAGR of 15.9% from 2024 to 2032 and be worth USD 4.20 billion by 2032 from USD 1.29 billion in 2024.

Field activity management is the art of managing and responding to all the moving parts of a business that are operating outside of a central office. The operations of businesses differ from industry to industry. However, in general, field activity management covers all the operations of businesses that focus on data collection and analysis but still work on acquiring new customers and maintaining existing customer relationships. Also, field activity management is the practice of managing the field activities, including the physical assets and equipment, using software, workflows, and communication solutions. The field activity management solution consolidates and captures the data related to mapping and scheduling location data and time and expense tracking under one platform and helps in the efficient utilization, visualization, tracking and management of assets in the field.

MARKET DRIVERS

The increase in SMEs in developing countries where there is a high demand for field activity management is more in SMEs as the mindset to go globally and manage workers in various locations is one of the major driving factors for the growth of the field activity management market. The growing adoption of cloud deployment is further boosting the growth of the global market. The rising requirement to track operations in the field, the increased need for mobility for real-time visibility, and the increased use of automation and digitalization in the field services sector are aiding the growth of the global field activity management market. In addition, the increased acceptance of IoT is driving the adoption of cloud-based FSM solutions, which is favoring global market growth. The growing integration of AI, AR, and VR in the field services sector is contributing to the growth of the global market.

MARKET RESTRAINTS

A shortage of experienced workforce to operate on FSM, data security issues, and a dependence on manual procedures are projected to stymie market expansion throughout the projection period. In addition, rising inflation will be a limiting factor for industries in small-scale businesses.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Field Activity Management Market Analysis By Organization Size

Based on organization size, the SMEs segment is expected to have the largest share of the global market during the forecast period, as they are primarily focused on employing field activity management solutions to go global and manage employees in numerous places, as well as assess and act toward improving workforce satisfaction.

Global Field Activity Management Market Analysis By Industries

Construction and real estate are likely to increase at a faster rate. It is a significant responsibility to manage on-field technicians. It entails activities like keeping a complete work record of field technicians; scheduling jobs for them so that their field time is well spent; and receiving real-time information from them. Field activity management systems provide advantages such as reliable equipment tracking, better traceability, and enhanced customer communication through real-time notifications.

REGIONAL ANALYSIS

During the forecast period, APAC is expected to grow at the fastest CAGR. Due to constant economic growth, an increasingly young workforce, and the use of tablets and smartphones for business purposes, the APAC field activity management market is expected to experience strong growth in the coming years. This will lead to the adaptation of enterprise mobility solutions to meet the growing demand for securing and protecting critical data.

KEY PLAYERS IN THE GLOBAL FIELD ACTIVITY MANAGEMENT MARKET

Companies such as ESRI (US), SAP (Germany), Fielda (US), Fulcrum (US), ProntoForms (Canada), OnSource (US), SafetyCulture (Australia), Field Safe Solutions (Canada), GoCanvas (US), Repsly (US), Fieldwire (UK), FieldEZ (India), FastField (US), MobileLogix (US), Corrata (Ireland), Thundermaps (New Zealand), Logistrics Services (Canada), Bentley Systems (US), Webuild (Australia) and Smart Service (US) are playing a dominating role in the global field activity management market.

RECENT HAPPENINGS IN THE GLOBAL FIELD ACTIVITY MANAGEMENT MARKET

• ESRI and Microsoft partnered in December 2021 to supply data related to imagery analysis captured by satellites in orbit. ESRI's ArcGIS image technology processes and analyses picture data held on Microsoft's Azure Orbital.

• In 10 Jan 2021 Comarch, a multinational software company that provides innovative IT products and services, announced the start of a new initiative dubbed GREENHOUSE. GREENHOUSE is a business initiative that offers startup enterprises financial and professional support to help bring their ideas for innovative IT solutions to reality. It was created to promote entrepreneurship and technical innovation.

• Bentley Systems acquired Power Line Systems, a global leader in software for power transmission engineering, in November 2021. It was founded in 1984 and is based in Madison, Wisconsin. Its exclusive concentration has been on constantly developing engineering tools for overhead power line constructions since its inception, winning the trust of transmission professionals.

DETAILED SEGMENTATION OF THE GLOBAL FIELD ACTIVITY MANAGEMENT MARKET INCLUDED IN THIS REPORT

This research report on the global field activity management market has been segmented and sub-segmented based on the component, organization size, deployment, industry and region.

By Component

• Solutions

  • Schedule, Dispatch, and Route Optimization

  • Customer Management

  • Work Order Management

  • Inventory Management

  • Service Contract Management

  • Reporting and Analytics

  • Others

• Services

  • Implementation & integration

  • Training & support

  • Consultancy services

By Deployment

• On-Premises

• Cloud

By Organization Size

• Large enterprises

• SMEs

By Industries

• IT & Telecom

• Healthcare & life sciences

• Manufacturing

• BFSI

• Transportation & Logistics

• Energy & Utilities

• Construction & Real Estate

• Others

By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa