Field Device Management Market
PUBLISHED: 2020 ID: SMRC18961
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Field Device Management Market

Field Device Management - Global Market Outlook (2018-2027)

4.3 (69 reviews)
4.3 (69 reviews)
Published: 2020 ID: SMRC18961

This report covers the impact of COVID-19 on this global market

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:
• Profinet
• Modbus Transmission Control Protocol/Internet Protocol (TCP/IP)
• Ethernet/Internet Protocol (IP)
• Profibus
• Foundation Fieldbus
• Hart
• Wireless Networking
• Other Communication Protocols

Offerings Covered:
• Software
• Hardware

Deployments Covered:
• On-Premises
• Cloud

End Users Covered:
• Discrete Industries
• Process Industries

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand      
o South Korea       
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
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

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface   
     
 2.1 Abstract        
 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       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 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          
 5.1 Introduction        
 5.2 Profinet        
 5.3 Modbus Transmission Control Protocol/Internet Protocol (TCP/IP)        
 5.4 Ethernet/Internet Protocol (IP)        
 5.5 Profibus        
 5.6 Foundation Fieldbus        
 5.7 Hart        
 5.8 Wireless Networking        
 5.9 Other Communication Protocols        
  5.9.1 Brain       
  5.9.2 ISA100.11a       
          
6 Global Field Device Management Market, By Offering         
 6.1 Introduction        
 6.2 Software        
 6.3 Hardware        
          
7 Global Field Device Management Market, By Deployment         
 7.1 Introduction        
 7.2 On-Premises        
 7.3 Cloud        
          
8 Global Field Device Management Market, By End User         
 8.1 Introduction        
 8.2 Discrete Industries        
  8.2.1 Aerospace & Defence       
  8.2.2 Manufacturing       
  8.2.3 Automotive       
 8.3 Process Industries        
  8.3.1 Metals & Mining       
  8.3.2 Pharmaceuticals       
  8.3.3 Food & Beverages       
  8.3.4 Oil & Gas       
  8.3.5 Power & Energy       
  8.3.6 Chemicals       
  8.3.7 Water & Wastewater       
          
9 Global Field Device Management Market, By Geography         
 9.1 Introduction        
 9.2 North America        
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America       
 9.6 Middle East & Africa        
  9.6.1 Saudi Arabia       
  9.6.2 UAE       
  9.6.3 Qatar       
  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        
 10.4 Expansions        
 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        
 11.12 Festo        
 11.13 Endress+Hauser        
 11.14 Hamilton Company        
 11.15 Omega Engineering        
 11.16 Valmet        
 11.17 Weidmüller        
 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

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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