Field Device Management - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Field Device Management Market is accounted for $1.20 billion in 2018 and is expected to reach $2.39 billion by 2027 growing at a CAGR of 7.9% during the forecast period. Some of the key factors influencing the market growth include rising importance of Industry 4.0 and smart factory, surging need for FDM systems, and increasing investments for the development of FDM solutions by automation companies. However, the dearth of skilled workforce is restricting the market growth.
Field device management or FDM is a versatile, accessible, and predictable plant instrumentation solution which simplifies the maintenance of the smart instrument. It conforms to industry standards and uses remote communication infrastructure to communicate to the configured devices. The introduction of industry 4.0 has resulted in the growing importance for field device management. FDMs provides a flexible architecture which is scalable and helps the companies to configure the devices securely. The system enables configuration of third-party devices, thus providing interoperability.
Based on the deployment, the on-premises segment is expected to have lucrative growth during the forecast period, owing to the increasing cybersecurity concerns. Deploying the field or site device management on-premise provides the complete control of the system at the data centre with better integration capability and security. Companies prefer on-premise FDM solutions to address indemnification issues, legal liabilities, and technical limitations. Major companies have deployed their FDM solutions on-premise, in order to provide better visibility, stronger control, and security.
By Geography, Major factors driving the growth of the FDM market in APAC include the rising demand for FDM tools due to the growing automation in the industry; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing investments in field device management to optimize productivity and increase maintenance efficiency. China is expected to lead the FDM market in the APAC region. Manufacturing, automotive, and energy & power are the major industries that would drive the market growth in the APAC region.
Some of the key players in global field device management market are Omron Corporation, Emerson Electric Co., Schneider Electric SE, Azbil Corporation, Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Honeywell International, Inc., Yokogawa Electric Corporation, Metso Automation, Fanuc, ABB Group, Festo, Endress+Hauser, Hamilton Company, Omega Engineering, Valmet, Weidmüller, and Hach Company.
Communication Protocols Covered:
• Modbus Transmission Control Protocol/Internet Protocol (TCP/IP)
• Ethernet/Internet Protocol (IP)
• Foundation Fieldbus
• Wireless Networking
• Other Communication Protocols
End Users Covered:
• Discrete Industries
• Process Industries
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
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• Competitive Benchmarking
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Field Device Management Market, By Communication Protocol
5.3 Modbus Transmission Control Protocol/Internet Protocol (TCP/IP)
5.4 Ethernet/Internet Protocol (IP)
5.6 Foundation Fieldbus
5.8 Wireless Networking
5.9 Other Communication Protocols
6 Global Field Device Management Market, By Offering
7 Global Field Device Management Market, By Deployment
8 Global Field Device Management Market, By End User
8.2 Discrete Industries
8.2.1 Aerospace & Defence
8.3 Process Industries
8.3.1 Metals & Mining
8.3.3 Food & Beverages
8.3.4 Oil & Gas
8.3.5 Power & Energy
8.3.7 Water & Wastewater
9 Global Field Device Management Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Omron Corporation
11.2 Emerson Electric Co.
11.3 Schneider Electric SE
11.4 Azbil Corporation
11.5 Siemens AG
11.6 Rockwell Automation, Inc.
11.7 Mitsubishi Electric Corporation
11.8 Honeywell International, Inc.
11.9 Yokogawa Electric Corporation
11.10 Metso Automation
11.11 ABB Group
11.14 Hamilton Company
11.15 Omega Engineering
11.18 Hach Company
List of Tables
1 Global Field Device Management Market Outlook, By Region (2017-2027) ($MN)
2 Global Field Device Management Market Outlook, By Communication Protocol (2017-2027) ($MN)
3 Global Field Device Management Market Outlook, By Profinet (2017-2027) ($MN)
4 Global Field Device Management Market Outlook, By Modbus Transmission Control Protocol/Internet Protocol (TCP/IP) (2017-2027) ($MN)
5 Global Field Device Management Market Outlook, By Ethernet/Internet Protocol (IP) (2017-2027) ($MN)
6 Global Field Device Management Market Outlook, By Profibus (2017-2027) ($MN)
7 Global Field Device Management Market Outlook, By Foundation Fieldbus (2017-2027) ($MN)
8 Global Field Device Management Market Outlook, By Hart (2017-2027) ($MN)
9 Global Field Device Management Market Outlook, By Wireless Networking (2017-2027) ($MN)
10 Global Field Device Management Market Outlook, By Other Communication Protocols (2017-2027) ($MN)
11 Global Field Device Management Market Outlook, By Brain (2017-2027) ($MN)
12 Global Field Device Management Market Outlook, By ISA100.11a (2017-2027) ($MN)
13 Global Field Device Management Market Outlook, By Offering (2017-2027) ($MN)
14 Global Field Device Management Market Outlook, By Software (2017-2027) ($MN)
15 Global Field Device Management Market Outlook, By Hardware (2017-2027) ($MN)
16 Global Field Device Management Market Outlook, By Deployment (2017-2027) ($MN)
17 Global Field Device Management Market Outlook, By On-Premises (2017-2027) ($MN)
18 Global Field Device Management Market Outlook, By Cloud (2017-2027) ($MN)
19 Global Field Device Management Market Outlook, By End User (2017-2027) ($MN)
20 Global Field Device Management Market Outlook, By Discrete Industries (2017-2027) ($MN)
21 Global Field Device Management Market Outlook, By Aerospace & Defence (2017-2027) ($MN)
22 Global Field Device Management Market Outlook, By Manufacturing (2017-2027) ($MN)
23 Global Field Device Management Market Outlook, By Automotive (2017-2027) ($MN)
24 Global Field Device Management Market Outlook, By Process Industries (2017-2027) ($MN)
25 Global Field Device Management Market Outlook, By Metals & Mining (2017-2027) ($MN)
26 Global Field Device Management Market Outlook, By Pharmaceuticals (2017-2027) ($MN)
27 Global Field Device Management Market Outlook, By Food & Beverages (2017-2027) ($MN)
28 Global Field Device Management Market Outlook, By Oil & Gas (2017-2027) ($MN)
29 Global Field Device Management Market Outlook, By Power & Energy (2017-2027) ($MN)
30 Global Field Device Management Market Outlook, By Chemicals (2017-2027) ($MN)
31 Global Field Device Management Market Outlook, By Water & Wastewater (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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