Field Device Management Market Size, Share & Trends Analysis Report By Offering (Hardware, Software), By Deployment Type, By Industry (Discrete Industries, Process Industries), By Region, And Segment Forecasts, 2019 - 2025

Published: Nov, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global field device management market size is expected to reach USD 1.97 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.8% from 2019 to 2025. Field device management allows the user to configure, commission, maintain, and diagnose the field devices remotely with a secure and user-friendly centralized access. It helps in providing all the information and real-time status of the concerned equipment and eliminates the need for multiple software tools. Due to its centralized equipment procurement with improved security, it is highly demanded in the development of industry 4.0 and smart factories. With the emergence of IoT and digitalization, the development of industry 4.0 has been boosted significantly, which directly fuels the growth of the market.

With the increasing awareness for industry 4.0, field device management has become an essential segment considerably since it helps to improve the lifecycle management and multi-platform support. In addition, it provides wireless expense management, which reduces operational and maintenance costs. With the surge in industrial automation and smart factories, FDM is being adopted rapidly in mobile equipment management solutions. It provides centralized control and monitoring of the device fleet in a warehouse environment or any distribution center, which is one of the major factors influencing the market's growth in the world of distributed systems.

Since FDM lays the foundation for deployment and management of mobile equipment and applications remotely, it provides business mobility to the organizations to drive high productivity. The required automation efficiency fuels the demand for FDM in automation tasks, which include automated cost management and invoicing, installation of a large CNC machine, among many other tasks. The increasing investments for IIoT solutions development by automation companies have come up with an opportunity for the market to grow effectively. The manufacturers' focus shift towards reducing the operational and maintenance costs along with providing highly effective mobile device management solutions is driving the market's growth directly.

Further key findings from the report suggest:

• Considerable surge in industry 4.0 and smart factories development will create wide potential for manufacturers in the market

• Improved lifecycle management of field devices with significantly lower maintenance costs are the benefits boosting the need for FDM. Prominent companies such as Schneider Electric are significantly involved in providing the FDM solutions for configuring and diagnosing the field devices for their entire lifecycle for several applications, such as power generation, metals and mining, and hydrocarbon processing  

• Market players are focusing on providing advanced FDM which provides advanced features, such as simplified engineering with increased productivity, reduced downtime, and predictive device maintenance

• Key market players are considering partnerships and acquisition of startups providing innovative products to expand their outreach in the market

• The key competitors in the market are ABB; Emerson Electric Co.; Siemens; Honeywell International Inc.; Rockwell Automation Inc.; Yokogawa; OMRON Corporation; Mitsubishi Electric Corporation; FANUC Corporation; Metso Corporation; Valmet; Schneider Electric; Azbil Corporation; Hamilton Company; and PHOENIX CONTACT.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Information Procurement and Research Scope
                 1.2 Information Analysis
                 1.3 Market formulation & data visualization
                 1.4 Market Definition
                 1.5 Market Scope and Assumptions
                     1.5.1 Secondary Sources
                     1.5.2 Primary Sources

Chapter 2 Executive Summary
                 2.1 Market Outlook

Chapter 3 Field Device Management Market Variables, Trends & Scope
                 3.1 Market Segmentation & Scope
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 Value Chain Analysis
                     3.3.1 List of Prominent Component Suppliers, 2018
                 3.4 Market Dynamics
                     3.4.1 Market Drivers
                         3.4.1.1 Surge in development of industry 4.0 and smart factories
                         3.4.1.2 Need for centralized device procurement
                         3.4.1.3 Manufacturers' growing focus on reducing operational and maintenance costs
                     3.4.2 Market Restraint
                         3.4.2.1 Lack of standardization
                     3.4.3 Market Opportunity
                         3.4.3.1 Boost in IIoT applications development by automation companies
                     3.4.4 Market Challenge
                         3.4.4.1 Issues regarding security and privacy
                 3.5 Technology Overview
                 3.6 Industry Analysis - Porter's
                     3.6.1 Supplier Power
                     3.6.2 Buyer Power
                     3.6.3 Substitution Threat
                     3.6.4 Threat from new entrant
                     3.6.5 Competitive rivalry
                 3.7 Field Device Management - PESTEL Analysis
                     3.7.1 Political
                     3.7.2 Economic
                     3.7.3 Social
                     3.7.4 Technological
                 3.8 Major Deals and Strategic Alliances, 2018
                     3.8.1 Mergers and Acquisitions

Chapter 4 Field Device Management: Offering Outlook
                 4.1 Hardware
                     4.1.1 Hardware Field Device Management market, BY Region, 2014 - 2025
                 4.2 Software
                     4.2.1 Software Field Device Management market, BY REGION, 2014 - 2025

Chapter 5 Field Device Management: Deployment Type Outlook
                 5.1 Cloud
                     5.1.1 Cloud Field Device Management market, BY Region, 2014 - 2025
                 5.2 On-Premises
                     5.2.1 On-Premises Field Device Management market, BY REGION, 2014 - 2025

Chapter 6 Field Device Management: Industry Outlook
                 6.1 Discrete Industries
                     6.1.1 Discrete Industries Field Device Management market, BY Region, 2014 - 2025
                 6.2 Process Industries
                     6.2.1 Process Industries Field Device Management market, BY REGION, 2014 - 2025

Chapter 7 Field Device Management: Regional Outlook
                 7.1 Regional Trends
                 7.2 North America
                     7.2.1 North America Field Device Management Market, By Offering, 2014 - 2025
                     7.2.2 North America Field Device Management Market, By Deployment Type, 2014 - 2025
                     7.2.3 North America Field Device Management Market, By Industry, 2014 - 2025
                     7.2.4 U.S.
                         7.2.4.1 U.S. Field Device Management Market, By Offering, 2014 - 2025
                         7.2.4.2 U.S. Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.2.4.3 U.S. Field Device Management Market, By Industry, 2014 - 2025
                     7.2.5 Canada
                         7.2.5.1 Canada Field Device Management Market, By Offering, 2014 - 2025
                         7.2.5.2 Canada Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.2.5.3 Canada Field Device Management Market, By Industry, 2014 - 2025
                     7.2.6 Mexico
                         7.2.6.1 Mexico Field Device Management Market, By Offering, 2014 - 2025
                         7.2.6.2 Mexico Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.2.6.3 Mexico Field Device Management Market, By Industry, 2014 - 2025
                 7.3 Europe
                     7.3.1 Europe Field Device Management Market, By Offering, 2014 - 2025
                     7.3.2 Europe Field Device Management Market, By Deployment Type, 2014 - 2025
                     7.3.3 Europe Field Device Management Market, By Industry, 2014 - 2025
                     7.3.4 Germany
                         7.3.4.1 Germany Field Device Management Market, By Offering, 2014 - 2025
                         7.3.4.2 Germany Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.3.4.3 Germany Field Device Management Market, By Industry, 2014 - 2025
                     7.3.5 U.K.
                         7.3.5.1 U.K. Field Device Management Market, By Offering, 2014 - 2025
                         7.3.5.2 U.K. Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.3.5.3 U.K. Field Device Management Market, By Industry, 2014 - 2025
                     7.3.6 France
                         7.3.6.1 France Field Device Management Market, By Offering, 2014 - 2025
                         7.3.6.2 France Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.3.6.3 France Field Device Management Market, By Industry, 2014 - 2025
                 7.4 Asia Pacific
                     7.4.1 Asia Pacific Field Device Management Market, By Offering, 2014 - 2025
                     7.4.2 Asia Pacific Field Device Management Market, By Deployment Type, 2014 - 2025
                     7.4.3 Asia Pacific Field Device Management Market, By Industry, 2014 - 2025
                     7.4.4 China
                         7.4.4.1 China Field Device Management Market, By Offering, 2014 - 2025
                         7.4.4.2 China Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.4.4.3 China Field Device Management Market, By Industry, 2014 - 2025
                     7.4.5 Japan
                         7.4.5.1 Japan Field Device Management Market, By Offering, 2014 - 2025
                         7.4.5.2 Japan Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.4.5.3 Japan Field Device Management Market, By Industry, 2014 - 2025
                     7.4.6 India
                         7.4.6.1 India Field Device Management Market, By Offering, 2014 - 2025
                         7.4.6.2 India Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.4.6.3 India Field Device Management Market, By Industry, 2014 - 2025
                 7.5 South America
                     7.5.1 South America Field Device Management Market, By Offering, 2014 - 2025
                     7.5.2 South Americafield Device Management Market, By Deployment Type, 2014 - 2025
                     7.5.3 South Americafield Device Management Market, By Industry, 2014 - 2025
                     7.5.4 Brazil
                         7.5.4.1 Brazil Field Device Management Market, By Offering, 2014 - 2025
                         7.5.4.2 Brazil Field Device Management Market, By Deployment Type, 2014 - 2025
                         7.5.4.3 Brazil Field Device Management Market, By Industry, 2014 - 2025
                 7.6 MEA
                     7.6.1 Mea Field Device Management Market, By Offering, 2014 - 2025
                     7.6.2 Mea Field Device Management Market, By Deployment Type, 2014 - 2025
                     7.6.3 Mea Field Device Management Market, By Industry, 2014 - 2025

Chapter 8 Competitive Landscape
                 8.1 ABB
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product Benchmarking
                     8.1.4 Recent developments
                 8.2 Emerson Electric Co.
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product Benchmarking
                     8.2.4 Recent developments
                 8.3 Siemens
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product Benchmarking
                     8.3.4 Recent developments
                 8.4 Honeywell International Inc.
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.4 Product Benchmarking
                     8.4.5 Recent developments
                 8.5 Rockwell Automation Inc.
                     8.5.1 Company overview
                     8.5.2 Financial performance
                     8.5.4 Product Benchmarking
                     8.5.5 Recent developments
                 8.6 Yokogawa
                     8.6.1 Company overview
                     8.6.2 Financial performance
                     8.6.3 Product Benchmarking
                     8.6.4 Recent developments
                 8.7 OMRON Corporation
                     8.7.1 Company overview
                     8.7.2 Financial performance
                     8.7.3 Product Benchmarking
                     8.7.4 Recent developments
                 8.8 Mitsubishi Electric Corporation
                     8.8.1 Company overview
                     8.8.2 Financial performance
                     8.8.3 Product Benchmarking
                     8.8.4 Recent developments
                 8.9 FANUC Corporation
                     8.9.1 Company overview
                     8.9.2 Financial performance
                     8.9.3 Product Benchmarking
                     8.9.4 Recent developments
                 8.10 Metso Corporation
                     8.10.1 Company overview
                     8.10.2 Financial performance
                     8.10.3 Product Benchmarking
                     8.10.4 Recent developments
                 8.11 Valmet
                     8.11.1 Company overview
                     8.11.2 Financial performance
                     8.11.3 Product Benchmarking
                     8.11.4 Recent developments
                 8.12 Schneider Electric
                     8.12.1 Company overview
                     8.12.2 Financial performance
                     8.12.3 Product Benchmarking
                     8.12.4 Recent developments
                 8.13 Azbil Corporation
                     8.13.1 Company overview
                     8.13.2 Financial performance
                     8.13.3 Product Benchmarking
                     8.13.4 Recent developments
                 8.14 Hamilton Company
                     8.14.1 Company overview
                     8.14.2 Financial performance
                     8.14.3 Product Benchmarking
                     8.14.4 Recent developments
                 8.15 PHOENIX CONTACT
                     8.15.1 Company overview
                     8.15.2 Financial performance
                     8.15.3 Product Benchmarking
                     8.15.4 Recent developments

List of Tables

Table 1 Field Device Management market - Industry snapshot & key buying criteria, 2014 - 2025
Table 2 Field Device Management market segmentation
Table 3 Key market driver impact
Table 4 Key market restraint impact
Table 5 Hardware Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 6 Software Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 7 Cloud Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 8 On-Premises Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 9 Discrete Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 10 Process Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 11 Manufacturing Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 12 Automotive Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 13 Aerospace & Defense Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 14 Energy & Utilities Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 15 Metals & Mining Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 16 Oil & Gas Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 17 Food & Beverage Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 18 Chemicals Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 19 Pharmaceuticals Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 20 Others Field Device Management market, by region, 2014 - 2025 (USD Million)
Table 21 North America Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 22 North America Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 23 North America Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 24 U.S. Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 25 U.S. Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 26 U.S. Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 27 Canada Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 28 Canada Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 29 Canada Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 30 Mexico Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 31 Mexico Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 32 Mexico Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 33 Europe Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 34 Europe Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 35 Europe Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 36 U.K. Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 37 U.K. Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 38 U.K. Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 39 Germany Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 40 Germany Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 41 Germany Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 42 France Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 43 France Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 44 France Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 44 Asia Pacific Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 45 Asia Pacific Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 46 Asia Pacific Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 47 China Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 48 China Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 49 China Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 50 Japan Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 51 Japan Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 52 Japan Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 53 India Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 54 India Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 55 India Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 56 South America Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 57 South America Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 58 South America Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 59 Brazil Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 60 Brazil Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 61 Brazil Field Device Management market, by industry, 2014 - 2025 (USD Million)
Table 62 MEA Field Device Management market, by offering, 2014 - 2025 (USD Million)
Table 63 MEA Field Device Management market, by deployment type, 2014 - 2025 (USD Million)
Table 64 MEA Field Device Management market, by industry, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Research Process
Fig. 2 Market Formulation
Fig. 3 Key opportunity Analysis
Fig. 4 Value Chain Analysis
Fig. 5 Field Device Management market dynamics