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


Posted November 2, 2020 by shaqibakram

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...

 
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)

About GMI Research:

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.

Visit us: https://www.gmiresearch.com/report/field-device-management-market/
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Last Updated November 2, 2020