Global Field Device Management Market 2020: Development Trends and Qualitative Analysis

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.

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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

Profibus
Profinet

Ethernet/IPm Modbus
Others

Breakup by Deployment:

Cloud
On-Premises

Breakup by Industry:

Process Industries

Oil & Gas
Chemicals
Energy & Power
Food & Beverages
Pharmaceuticals
Metals & Mining
Other Process Industries

Discrete Industries

Automotive
Manufacturing
Aerospace & Defence

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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