; charset=UTF-8" /> Field Device Management Market Size Worth $1.97 Billion By 2025 | ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa – Share Market Newspaper

Share Market Newspaper

Field Device Management Market Size Worth $1.97 Billion By 2025 | ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa

 Breaking News
  • No posts were found

Field Device Management Market Size Worth $1.97 Billion By 2025 | ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa

December 05
13:08 2019
Field Device Management Market Size Worth $1.97 Billion By 2025 | ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa

Grand View Research, Inc. – Market Research And Consulting.
Field device management allows the user to configure, commission, maintain, and diagnose the field devices remotely with a secure and user-friendly centralized access.It helps in providing all the information and real-time status of the concerned equipment and eliminates the need for multiple software tools.

The global field device management market size was valued at USD 1.2 billion in 2018 and is anticipated to witness a CAGR of 6.8% from 2019 to 2025. The notable shift from traditional technologies to automated and smart technologies is the major factor influencing the growth of this FDM market. The digitalization implemented on the complete lifecycle of products allows organizations faster product improvements and the adoption of smart technology-enabled devices.

Increasing penetration of smart factory and implementation of industry 4.0 and IoT in several verticals has opened a huge opportunity for the FDM market, such as automotive and manufacturing industries require the FDM solutions due to mass production. Mass production leads to the need for field device management systems to reduce operational and maintenance costs.

The global field device management market size is expected to reach USD 1.97 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.8% from 2019 to 2025. Field device management allows the user to configure, commission, maintain, and diagnose the field devices remotely with a secure and user-friendly centralized access. It helps in providing all the information and real-time status of the concerned equipment and eliminates the need for multiple software tools. Due to its centralized equipment procurement with improved security, it is highly demanded in the development of industry 4.0 and smart factories. With the emergence of IoT and digitalization, the development of industry 4.0 has been boosted significantly, which directly fuels the growth of the market.

Asia Pacific field device management market size, by deployment type, 2014 - 2025 (USD Million)

Get Details For “Sample Report, TOC, Segmentation & methodology of Field Device Management Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/field-device-management-market

With the increasing awareness for industry 4.0, field device management has become an essential segment considerably since it helps to improve the lifecycle management and multi-platform support. In addition, it provides wireless expense management, which reduces operational and maintenance costs. With the surge in industrial automation and smart factories, FDM is being adopted rapidly in mobile equipment management solutions. It provides centralized control and monitoring of the device fleet in a warehouse environment or any distribution center, which is one of the major factors influencing the market’s growth in the world of distributed systems.

Since FDM lays the foundation for deployment and management of mobile equipment and applications remotely, it provides business mobility to the organizations to drive high productivity. The required automation efficiency fuels the demand for FDM in automation tasks, which include automated cost management and invoicing, installation of a large CNC machine, among many other tasks. The increasing investments for IIoT solutions development by automation companies have come up with an opportunity for the market to grow effectively. The manufacturers’ focus shift towards reducing the operational and maintenance costs along with providing highly effective mobile device management solutions is driving the market’s growth directly.

 Global field device management market share, by industry, 2018 (%)

Would you Like to Take a Look On “Sample Report” of Field Device Management Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/field-device-management-market/request/rs1

Further key findings from the report suggest:

  • Considerable surge in industry 4.0 and smart factories development will create wide potential for manufacturers in the market

  • Improved lifecycle management of field devices with significantly lower maintenance costs are the benefits boosting the need for FDM. Prominent companies such as Schneider Electric are significantly involved in providing the FDM solutions for configuring and diagnosing the field devices for their entire lifecycle for several applications, such as power generation, metals and mining, and hydrocarbon processing  

  • Market players are focusing on providing advanced FDM which provides advanced features, such as simplified engineering with increased productivity, reduced downtime, and predictive device maintenance

  • Key market players are considering partnerships and acquisition of startups providing innovative products to expand their outreach in the market

  • The key competitors in the market are ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa; OMRON Corporation; Mitsubishi Electric Corporation; FANUC Corporation; Metso Corporation; Valmet; Schneider Electric; Azbil Corporation; Hamilton Company; and PHOENIX CONTACT.

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/6871/ibb

Grand View Research has segmented the global field device management market based on offering, deployment type, industry, and region:

Field Device Management Offering Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware

  • Software

Field Device Management Deployment Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Cloud

  • On-Premises

Field Device Management Industry Outlook (Revenue, USD Million, 2014 – 2025)

  • Discrete Industries

    • Automotive

    • Manufacturing

    • Aerospace and Defense

  • Process Industries

    • Energy & Utilities

    • Metals & Mining

    • Oil & Gas

    • Food & Beverages

    • Chemicals

    • Pharmaceuticals

    • Others (Pulp & Paper, Water & Wastewater, Life Sciences)

Field Device Management Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East and Africa (MEA)

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/field-device-management-market