In accordance with this study, the Global Field Device Management Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
Field device management (FDM) is a centralized asset management system for remote configuration and maintenance of smart devices such as real-time GPS tracker, Wi-Fi relays, Wi-Fi switches, and others based on HART, PROFIBUS and Fieldbus foundation protocols. FDM system supports a large number of devices through FDM clients connected to multiple and distributed FDM servers.
The surging need for FDM systems as they are used in the maintenance of smart devices is stimulating the market growth. Also, increasing investments for the development of FDM solutions by automation companies is further fueling the market growth. However, lack of skilled professional for operating FDM systems may hamper the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of field device management.
The study offers a decisive view of the global field device management market by segmenting it in terms of product type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product Type
- Oil and Gas
- Energy and Power
This section covers field device management market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global field device management market along with the individual application segment across all the prominent region.
Global Field Device Management Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global field device management market are ABB, Azbil Corporation, Emerson Electric Co., Endress+Hauser, Festo, Hamilton Company, Honeywell, Metso Automation, Mitsubishi Electric, Phoenix Contact, Rockwell Automation, Schneider Electric, Siemens, Valmet, and Yokogawa. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.