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Field Device Management Market Expected to Grow at 1.8 Billion In Revenue by 2024

11-18-2019 12:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Field Device Management Market Expected to Grow at 1.8 Billion

A latest published report on “Field Device Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Field Device Management Market is projected to grow from US$ 1.3 Billion in 2019 to US$ 1.8 Billion by 2024; it is expected to record a CAGR of 6.7%. This report spread across 157 pages, profiling 10 companies and supported with 67 tables and 57 figures is now available in this research.

Major Vendors profiled in the Field Device Management Market:
• Honeywell(US)
• ABB (Switzerland)
• Schneider Electric (France)
• Siemens (Germany)
• Emerson (US)
• Rockwell Automation (US)
• Yokogawa (Japan)
• OMRON (Japan)
• Mitsubishi Electric (Japan)
• Fanuc (Japan)
• Metso (Finland)
• Valmet (Finland)
• Hamilton Company (US)
• Phoenix Contact (Germany)
• Endress+Hauser (Switzerland)
• Festo (Germany)
• Omega Engineering (UK)
• Hach (US)
• Azbil Corporation (Japan)
• Weidmüller (Germany)

Software offerings are expected to dominate the market due to the rising adoption of advanced technologies such as industrial automation, Industry 4.0, and IIoT. FDM tools offer preventive maintenance management of devices. It helps for classifying and managing device maintenance information such as inspection schedules, inspection memos, and configuration information of devices. Moreover, operation information about field devices can be easily obtained remotely anywhere, which can be used for maintenance tasks.

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Discrete industries mainly include automotive, manufacturing, and aerospace & defence industries. The significance of information availability from field devices is continuously growing for meeting the demands of competitive and flexible production systems in discrete manufacturing. Discrete industries, particularly automotive and manufacturing, are expected to adopt field device management solutions at a faster rate.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1-54%, Tier 2-28%, and Tier 3-18%
• By Designation: C-Level Executives-62%, Directors-25%, and Managers-13%
• By Region: North America-28%, Europe-24%, APAC-38%,and RoW -10%

Competitive Landscape of Field Device Management Market:
1 Overview
2 Ranking Analysis of Key Players
2.1 Product Launches and Developments
2.2 Agreements, Partnerships, and Contracts
2.3 Mergers & Acquisitions
2.4 Expansions
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Players

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List of Tables:
Table 1 Field Device Management Market, By Offering, 2015–2024 (USD Billion)
Table 2 List of Hardware Products Used in FDM Systems
Table 3 Field Device Management Market for Hardware, By Industry, 2015–2024 (USD Million)
Table 4 Field Device Management Market for Hardware, By Process Industry, 2015–2024 (USD Million)
Table 5 Field Device Management Market for Hardware, By Discrete Industry, 2015–2024 (USD Million)
Table 6 Field Device Management Market for Software, By Industry, 2015–2024 (USD Million)
Table 7 Field Device Management Market for Software, By Process Industry, 2015–2024 (USD Million)
Table 8 Field Device Management Market for Software, By Discrete Industry, 2015–2024 (USD Million)
Table 9 Field Device Management Market, By Communication Protocol, 2015–2024 (USD Million)
Table 10 Field Device Management Market for Foundation Fieldbus & Hart Protocol, By Region, 2015–2024 (USD Million)
….and More

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