Field Device Management Market Forecast 2020 – 2027 – Top Key Players 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.
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 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
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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