THE LEADING RESEARCH REPORTS DISTRIBUTION
NETWORK

icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research

Field Device Management Market worth $1.8 billion by 2024




May 23, 2019



According to the new market research report on the “Field Device Management Market by Offering (Hardware and Software), Deployment (Cloud and On-premises), Industry (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Automotive, Manufacturing), Protocol and Geography – Global Forecast to 2024“, The field device management market is projected to grow from USD 1.3 billion in 2019 to USD 1.8 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 6.7%.

 

The rising importance of Industry 4.0 and smart factory is the major factor that drives the market growth.

 

Inquiry Before Buying- https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=189481265

 

Software segment to hold major share of field device management market during forecast period

The abundance of data from field devices and emergence of the IIoT, smart manufacturing, Industry 4.0, digitization, and connected enterprise have made it essential for end-user industries to shift from physical world to a digital world so that they can easily transform or customize their process flow. FDM software providers are focusing on developing software solutions that can provide meaningful information extracted from sensors and field devices to control systems and open new possibilities for safety, productivity, and organizational responsiveness, thereby increasing the profitability of an enterprise.

 

Browse and in-depth TOC on “Field Device Management Market”

67– Tables

57– Figures

157– Pages

 

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/field-device-management-market-189481265.html

 

Process industry to dominate field device management market during forecast period

 Oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, metals & mining are among a few major process industries. The emergence of Industry 4.0 and the evolution of big data have presented process industries with unique opportunities for taking their performance to a new level. Almost all process industries require critical monitoring and controlling processes. Many smart sensors and smart field devices have been introduced to perform data analysis of critical industries. FDM solutions help field engineers to optimize their maintenance tasks.

 

APAC to hold larget share of field device management market by 2024

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. Process industries such as energy & power, oil & gas, and chemicals are expected to witness the increased demand for FDM solutions for the continuous monitoring of processes and field devices in these industries.

 

Siemens AG (Siemens, Germany); Emerson Electric Co. (Emerson, US); ABB Group (ABB, Switzerland); Schneider Electric (Schneider Electric, France); Honeywell International Inc. (Honeywell, US); Rockwell Automation, Inc. (Rockwell, US); Yokogawa Electric Corporation (Yokogawa, Japan); OMRON Corporation (OMRON, Japan);  Mitsubishi Electric Corporation (Mitsubishi Electric, Japan); Fanuc Corporation (Fanuc, Japan); Metso Corporation (Metso, Finland); Valmet Oyj (Valmet, Finland); Hamilton Company (Hamilton, US); Phoenix Contact GmbH & Co. KG (Phoenix Contact, Germany); Endress+Hauser AG (Endress+Hauser, Switzerland); Festo AG (Festo, Germany); Omega Engineering (Omega, UK); Hach (Hach, US); Azbil Corporation (Azbil Corporation, Japan); and Weidmüller (Weidmüller, Germany) are among a few major players in the field device management market.

 

Request Free Customization- https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=189481265

 

Get more insight on other verticals of Semiconductor and Electronics Market Research Reports & Consulting

 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

 

Tags: , , , , ,

See Campaign: https://www.marketsandmarkets.com/Market-Reports/field-device-management-market-189481265.html
Contact Information:
Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com

Tags:
, Extended Distribution, Wire, Research Newswire, English