Field Device Management Market – Global Opportunities and Forecast, 2020-2027
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
·
Honeywell International Inc.
·
Rockwell Automation, Inc.
·
Yokogawa Electric Corporation
·
Omron Corporation
·
FANUC
·
Metso Oyj
Segmentation of the Field Device
Management Market:
The 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
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
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
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Research:
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