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Field Device Management Market

The significant factors which are contributing to the growth of the field device management market include the increasing importance of Industry 4.0 and smart factory, growing focus of manufacturer for decreasing operational and maintenance cost, rising requirement for FDM systems, coupled with the increasing investment for IIoT solutions by automation companies.

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Field Device Management Market

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  1. Field Device Management Market Field Device Management Market By Offering (Hardware and Software), By Communication Protocol Fieldbus & Hart, Profibus, Profinet, Ethernet/IPm Modbus, and Others), By Deployment (Cloud and On-premises), By Industry, and By Region – Global Opportunities and Forecast, 2020-2027 (Foundation GMI Research GMI Research See the Future Insights 1

  2. The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years. Key Drivers of the Field Device Management Market: The significant factors which are contributing to the growth of the field device management market include the increasing importance of Industry 4.0 and smart factory, growing focus of manufacturer for decreasing operational and maintenance cost, rising requirement for FDM systems, coupled with the increasing investment for IIoT solutions by automation companies. The significant change in smart and automated technologies from the traditional technologies is also boosting the growth of the market. The rising adoption of the FDM solution for the development of smart factories and other IIoT-based applications will further propel the growth of the field device management market size. Increasing investment across industries in smart devices in order to handle bulk production, decrease manual works, and growing work flexibility is further surging the market growth. Thereby, FDM systems help in decreasing manual tasks and configuration of smart devices and tools remotely, which complements the growing digitalization and use of smart devices in manufacturing and other automation processes. Furthermore, several initiatives taken by FDM providers and alliance for the product development and modification, benefits provided by cloud computing, along with the rising investment opportunities in cloud computing are further bolstering the growth of the market. On the other hand, the lack of skilled labor is hampering the growth of the market. Top list of key players in the Field Device Management Market: •Siemens AG •Emerson Electric Co. •ABB •Schneider Electric SE 2

  3. •Honeywell International Inc. •Rockwell Automation, Inc. •Yokogawa Electric Corporation •Omron Corporation •FANUC •Metso Oyj Segmentation of the Field Device Management Market: The Field Device Management Market report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market. Breakup by Offering: •Hardware •Software Breakup by Communication Protocol: •Foundation Fieldbus & Hart •Hart •Foundation Fieldbus o Profibus o Profinet •Ethernet/IPm Modbus •Others Breakup by Deployment: •Cloud •On-Premises Breakup by Industry: •Process Industries o Oil & Gas o Chemicals o Energy & Power 3

  4. o Food & Beverages o Pharmaceuticals o Metals & Mining o Other Process Industries •Discrete Industries o Automotive o Manufacturing o Aerospace & Defence Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research: 4

  5. GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5

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