Demand of Global Field Activity Management Market Size Will Grow to $3.99 Billion by 2030: Polaris Market Research
The global field activity management market size is expected to reach USD 3.99 billion by 2030, according to a new study by Polaris Market Research. The report Field Activity Management Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Deployment Mode (On-premises, Cloud); By Organization Size (SMEs, Large Enterprises); By vertical; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Major players’ rising availability of ground activity managing solutions for managing businesses properly, reducing cost, and the advancing businesses technology by providing solutions is driving the industry growth during the forecast period. For instance, in September 2021, CLEVR announced the release of the CLEVR Field Services Manager. This software application solution is intended to significantly reduce costs, maintain a carbon footprint, and address staffing issues for businesses.
CLEVR’s Field Service Manager is designed specifically for companies that would provide end-to-end services to homes, offices, and stores, an industry that is expected to exceed USD 9 billion by 2026. Furthermore, the practice of managing ground events, such as physical assets, associated workforce, and equipment, utilizing software, workflows, and communication solutions is known as ground activity managing.
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Gound events managing software consolidates and captures data related to mapping and scheduling, location data, and time and expenditure tracking on a single platform, allowing for more efficient asset utilization, visualization, tracking and managing. Thus, the benefits of ground activity managing solutions for various verticals and the advancements in the ground movement management solutions are driving the market growth during the forecast period.
Based on the component, the services segment accounted for the leading share in the market. Services are considered essential even though they help clients meet their specific needs. The ground events management market has been divided into services based on consulting, implementation and integration, and training and support. These services assist in effectively implementing ground activity management solutions to complete business operations within the timeline and budget.
Market players such as Comarch Sa, Bentley Systems, Corrata, ESRI, FastField, Field Safe Solutions, Forms On Fire, Fulcrum, INFOR, IFS AB, Logistrics Services, Microsoft, Oracle Corporation, Overit, Salesforce.Com, Inc, Praxedo, Sap Se, ServiceMax, Thundermaps, and Webuild are some key players operating in the global market.
In January 2021, Fulcrum announced the collaboration of its no-code mobile platform with Esri, the industry leader in location intelligence software. As an outcome, Fulcrum’s rich location-based data could be used in products, including Esri ArcGIS, to boost productivity for safety inspectors, quality assurance team members, asset management investigators, and others; to enhance data integration and location intelligence inside cross-functional teams; that can more appropriately manage ground teams.
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Polaris market research has segmented the field activity management market report based on component, deployment mode, organization size, vertical, and region:
Field Activity Management, Component Outlook (Revenue – USD Billion, 2018 – 2030)
- Integration and Implementation
- Training and Support
Field Activity Management, Deployment Mode Outlook (Revenue – USD Billion, 2018 – 2030)
Field Activity Management, Organization Size Outlook (Revenue – USD Billion, 2018 – 2030)
- Large Enterprises
Field Activity Management, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)
- Energy and Utilities
- Construction and Real- Estate
- Other Verticals
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