Field Device Management Market

Field Device Management (FDM) is a centralized asset management system used for remote configuration and maintenance of smart field devices based on HART, PROFIBUS, and Fieldbus Foundation protocols. It supports a large number of devices using FDM clients connected to various distributed FDM servers. It provides complete control and command of all equipment through the plant and helps in saving the time by reducing number of felid trips.

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The major factors which are driving the growth of the Field Device Management market include the growing importance of Industry 4.0 and smart factory, increasing focus of manufacturer for reducing operational and maintenance cost, surging requirement for FDM systems, and the rising investment for IIoT solutions by automation companies. The significant shift towards smart and automated technologies from traditional technologies is also influencing the growth of the market. The increasing adoption of FDM solution for the development of smart factory and other IIoT-based application will further boost the growth of the market.

Rising investment across industries in smart devices in order to handle bulk production, increase work flexibility, and reduce manual works. Thus, FDM systems helps in reducing manual tasks and configuration of smart devices and tools remotely, that complements the increasing digitalization and use of smart devices in manufacturing and other automation processes. Moreover, various initiatives taken by FDM providers and alliance for the product development and modification, advantages offered by cloud computing, coupled with the growing investment opportunities in cloud computing are further fuelling the growth of the market. However, the lack of skilled labour is restraining the growth of the market.

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Based on the offering, the software segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of advance technologies such as Industry 4.0, smart factory, industrial automation and IIoT. Connected companies have made it important for end-user industries to shift to a digital world from physical world, so that they can effortlessly transform or modify their process flow. The FDM software providers are developing a software that can retrieve data from sensors and field devices to control systems and enable more safety, productivity, and organizational responsiveness, thus boosting the profitability of a company.

Based on industry, the process industry segment is projected to dominate the market during the forecast period. The emergence of Industry 4.0 and the growth in big data have presented process industries with exclusive prospects for taking their performance to a next level which will fuel the growth of the market. The industry segment comprises oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, metals & mining, and other process industries. Critical monitoring and controlling processes are required by almost all industries. The increasing integration of smart sensor and smart field devices across industries to perform data analysis and FDM solutions has helped the field engineers to optimize their maintenance tasks.

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Based on the region, Asia-pacific is expected to grow at a higher CAGR in the global Field Device Management market over the forecast period owing to the growing demand of FDM solution by automation industry, increasing adoption of smart factory, Industry 4.0, IoT and IIoT technologies, and rising investment for the development of FDM solutions. Automotive, manufacturing, and energy & power industries are widely adopting FDM solution which will further fuel the growth of the market in this region.

The major key players in the market include Siemens AG, Emerson Electric Co., ABB, Schneider Electric SE, Honeywell International Inc., Rockwell Automation, Inc., Yokogawa Electric Corporation, Omron Corporation, FANUC, and Metso Oyj, among others.

Key Developments:

• • In 2019, Emerson launched the upgraded version of AMS Device Manager to reduce device data complexity and strengthen the field device data foundation, which is crucial for launching on digital transformation.
  • In 2018, Siemens launched Simatic RTU3031C (Remote Terminal Unit/RTU) with integrated GPS functionality for comparing the setpoint with the actual position. This device is used for the monitoring of distributed measuring points in the water industry.

The Global Field Device Management market has been segmented based on the offering, communication protocol, deployment, industry, and region. Based on offering, the market is segmented hardware and software. Based on communication protocol, the market is further segmented Foundation Fieldbus & Hart, Profibus, Profinet, Ethernet/IPm Modbus, and Others. Based on Foundation Fieldbus & Hart, the market is segmented into Hart, and Foundation Fieldbus. Based on others, the market is segmented into ISA100.11a, and Brain. Based on the deployment, the market is segmented into cloud and on-premises. Based on industry the market is segmented into process industry and discrete industry. Process industry includes Process Industries {Oil & Gas, Chemicals, Energy & Power, Food & Beverages, Pharmaceuticals, Metals & Mining, and Other Process Industries. Discrete industry includes Automotive, Manufacturing, and Aerospace & Defence.

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Key questions answered in this research report:

• • At what pace is the global Field Device Management market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Field Device Management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Field Device Management market?
  • Which Offering generated maximum revenues in 2019 and identify the most promising Offering during the forecast period?
  • What are the various industries of the global Field Device Management market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Communication Protocol, By Deployment, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Siemens AG, Emerson Electric Co., ABB, Schneider Electric SE, Honeywell International Inc., among others, a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Field Device Management Market by Offering            

• • Hardware
  • Software

Global Field Device Management Market by Communication Protocol

• • Foundation Fieldbus & Hart
    • Hart
    • Foundation Fieldbus
  • Profibus
  • Profinet
  • Ethernet/IPm Modbus
  • Others

Global Field Device Management Market by Deployment     

• • Cloud
  • On-Premises

Global Field Device Management Market by Industry            

• • Process Industries
    • Oil & Gas
    • Chemicals
    • Energy & Power
    • Food & Beverages
    • Pharmaceuticals
    • Metals & Mining
    • Other Process Industries
  • Discrete Industries
    • Automotive
    • Manufacturing
    • Aerospace & Defence

Global Field Device Management Market by Region

• • North America Field Device Management Market (Option 1: As a part of the free 25% customization)
    • North America Field Device Management Market by Offering
    • North America Field Device Management Market by Communication Protocol
    • North America Field Device Management Market by Deployment
    • North America Field Device Management Market by Industry
    • US Field Device Management Market All-Up
    • Canada Field Device Management Market All-Up
  • Europe Field Device Management Market (Option 2: As a part of the free 25% customization)
    • Europe Field Device Management Market by Offering
    • Europe Field Device Management Market by Communication Protocol
    • Europe Field Device Management Market by Deployment
    • Europe Field Device Management Market by Industry
    • UK Field Device Management Market All-Up
    • Germany Field Device Management Market All-Up
    • France Field Device Management Market All-Up
    • Spain Field Device Management Market All-Up
    • Rest of Europe Field Device Management Market All-Up
  • Asia-Pacific Field Device Management Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Field Device Management Market by Offering
    • Asia-Pacific Field Device Management Market by Communication Protocol
    • Asia-Pacific Field Device Management Market by Deployment
    • Asia-Pacific Field Device Management Market by Industry
    • China Field Device Management Market All-Up
    • India Field Device Management Market All-Up
    • Japan Field Device Management Market All-Up
    • Rest of APAC Field Device Management Market All-Up
  • RoW Field Device Management Market (Option 4: As a part of the free 25% customization)
    • RoW Field Device Management Market by Offering
    • RoW Field Device Management Market by Communication Protocol
    • RoW Field Device Management Market by Deployment
    • RoW Field Device Management Market by Industry
    • Brazil Field Device Management Market All-Up
    • South Africa Field Device Management Market All-Up
    • Saudi Arabia Field Device Management Market All-Up
    • UAE Field Device Management Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Field Device Management Market All-Up

Major Players Operating the Field Device Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Siemens AG
  • Emerson Electric Co.
  • ABB
  • Schneider Electric SE
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Yokogawa Electric Corporation
  • Omron Corporation
  • FANUC
  • Metso Oyj