Report ID : AMR1004162 | Industries : | Published On :December 2023 | Page Count : 249
Global Field Device Management Market Size, Trends & Growth Opportunity, By Offering (Hardware, Software), Deployment Type (On-Premises, Cloud), Industry (Discrete Industries, Process Industries), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Field Device Management Market
The Field Device Management Market was valued at USD 3.21 Billion in 2022 and is expected to reach USD 5.09 Billion in 2030 at a CAGR of 5.93% during the forecast period 2023- 2030.
Market Overview
The process of setting up and maintaining smart field system instruments for application diagnosis and troubleshooting is known as field equipment management. Smart field devices are powered by protocols such as HART, PROFIBUS, and Fieldbus Foundation.
Market Drivers
Field Device Management solutions are widely used in the creation of smart factories and other industrial internet of things (IIoT)-based applications, giving a significant opportunity for market expansion. IIoT provides manufacturers with efficient and high-speed systems at lower prices, which favourably influences demand for these solutions/services because it necessitates the integration of such modern systems for better automation.
Market Restraints
The need for a skilled workforce is critical in dealing with field device management. However, a skilled labour shortage is impeding the overall market's expansion.
Market Opportunities
It is anticipated that automation companies' increased investments in the creation of field device management solutions will present profitable prospects for the industry, hence propelling the field device management market's growth rate during the projected year. Furthermore, the rise of big data and industry 4.0 have provided process industries with an unprecedented opportunity to increase productivity, hence providing several potential opportunities within the market.
Impact of Covid-19
Manufacturers Field Device Management have experienced supply chain disruption because to the COVID-19 outbreak. The pandemic disrupted these supply chains due to factory closures, transportation restrictions, and reduced workforce capacity, leading to delays in production and delivery.
Market Segmentation
Global Field Device Management Market is segmented into Offering, Deployment Type, and Industry. Based on Offering, the market is segmented into Hardware and Software. Based on Deployment Type, the market is segmented into On-Premises and Cloud. Based on Industry, the market is segmented into Discrete Industries, Process Industries.
Regional Analysis
Global Field Device Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Industrial advancements in North America primarily contribute to the region's use of field device management systems. Furthermore, because the majority of enterprises in this industry are situated in the United States, this regional segment has an advantage over other areas.
Market Key Players
Various key players are discussed in this report such as 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.
Market Taxonomy
By Offering
• Hardware
• Software
By Deployment Type
• On-Premises
• Cloud
By Industry
• Discrete Industries
• Process Industries
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Field Device Management Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Field Device Management Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Field Device Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Field Device Management Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Global Field Device Management Market Share Analysis, By Offering
5.3 Global Field Device Management Market Size and Forecast, By Offering
5.3.1 Hardware
5.3.2 Software
6 Global Field Device Management Market, By Deployment Type
6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global Field Device Management Market Share Analysis, By Deployment Type
6.3 Global Field Device Management Market Size and Forecast, By Deployment Type
6.3.1 On-Premises
6.3.2 Cloud
7 Global Field Device Management Market, By Industry
7.1 Y-o-Y Growth Comparison, By Industry
7.2 Global Field Device Management Market Share Analysis, By Industry
7.3 Global Field Device Management Market Size and Forecast, By Industry
7.3.1 Discrete Industries
7.3.2 Process Industries
8 Global Field Device Management Market, By Region
8.1 Global Field Device Management Market Share Analysis, By Region
8.2 Global Field Device Management Market Size and Forecast, By Region
8.3 Global Field Device Management Market Trends and Forecast, By Region
9 North America Field Device Management Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Field Device Management Market Size and Forecast, By Offering
9.3 North America Field Device Management Market Size and Forecast, By Deployment Type
9.4 North America Field Device Management Market Size and Forecast, By Industry
9.5 North America Field Device Management Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Offering
9.5.1.2 Market Size and Forecast, By Deployment Type
9.5.1.3 Market Size and Forecast, By Industry
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Offering
9.5.2.2 Market Size and Forecast, By Deployment Type
9.5.2.3 Market Size and Forecast, By Industry
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Offering
9.5.3.2 Market Size and Forecast, By Deployment Type
9.5.3.3 Market Size and Forecast, By Industry
10 Europe Field Device Management Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Field Device Management Market Size and Forecast, By Offering
10.3 Europe Field Device Management Market Size and Forecast, By Deployment Type
10.4 Europe Field Device Management Market Size and Forecast, By Industry
10.5 Europe Field Device Management Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Offering
10.5.1.2 Market Size and Forecast, By Deployment Type
10.5.1.3 Market Size and Forecast, By Industry
10.5.2 France
10.5.2.1 Market Size and Forecast, By Offering
10.5.2.2 Market Size and Forecast, By Deployment Type
10.5.2.3 Market Size and Forecast, By Industry
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Offering
10.5.3.2 Market Size and Forecast, By Deployment Type
10.5.3.3 Market Size and Forecast, By Industry
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Offering
10.5.4.2 Market Size and Forecast, By Deployment Type
10.5.4.3 Market Size and Forecast, By Industry
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Offering
10.5.5.2 Market Size and Forecast, By Deployment Type
10.5.5.3 Market Size and Forecast, By Industry
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Offering
10.5.6.2 Market Size and Forecast, By Deployment Type
10.5.6.3 Market Size and Forecast, By Industry
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Offering
10.5.7.2 Market Size and Forecast, By Deployment Type
10.5.7.3 Market Size and Forecast, By Industry
11 Asia Pacific Field Device Management Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Field Device Management Market Size and Forecast, By Offering
11.3 Asia Pacific Field Device Management Market Size and Forecast, By Deployment Type
11.4 Asia Pacific Field Device Management Market Size and Forecast, By Industry
11.5 Asia Pacific Field Device Management Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Offering
11.5.1.2 Market Size and Forecast, By Deployment Type
11.5.1.3 Market Size and Forecast, By Industry
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Offering
11.5.2.2 Market Size and Forecast, By Deployment Type
11.5.2.3 Market Size and Forecast, By Industry
11.5.3 India
11.5.3.1 Market Size and Forecast, By Offering
11.5.3.2 Market Size and Forecast, By Deployment Type
11.5.3.3 Market Size and Forecast, By Industry
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Offering
11.5.4.2 Market Size and Forecast, By Deployment Type
11.5.4.3 Market Size and Forecast, By Industry
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Offering
11.5.5.2 Market Size and Forecast, By Deployment Type
11.5.5.3 Market Size and Forecast, By Industry
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Offering
11.5.6.2 Market Size and Forecast, By Deployment Type
11.5.6.3 Market Size and Forecast, By Industry
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Offering
11.5.7.2 Market Size and Forecast, By Deployment Type
11.5.7.3 Market Size and Forecast, By Industry
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Offering
11.5.8.2 Market Size and Forecast, By Deployment Type
11.5.8.3 Market Size and Forecast, By Industry
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Offering
11.5.9.2 Market Size and Forecast, By Deployment Type
11.5.9.3 Market Size and Forecast, By Industry
12 Latin America Field Device Management Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Field Device Management Market Size and Forecast, By Offering
12.3 Latin America Field Device Management Market Size and Forecast, By Deployment Type
12.4 Latin America Field Device Management Market Size and Forecast, By Industry
12.5 Latin America Field Device Management Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Offering
12.5.1.2 Market Size and Forecast, By Deployment Type
12.5.1.3 Market Size and Forecast, By Industry
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Offering
12.5.2.2 Market Size and Forecast, By Deployment Type
12.5.2.3 Market Size and Forecast, By Industry
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Offering
12.5.3.2 Market Size and Forecast, By Deployment Type
12.5.3.3 Market Size and Forecast, By Industry
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Offering
12.5.4.2 Market Size and Forecast, By Deployment Type
12.5.4.3 Market Size and Forecast, By Industry
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Offering
12.5.5.2 Market Size and Forecast, By Deployment Type
12.5.5.3 Market Size and Forecast, By Industry
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Offering
12.5.6.2 Market Size and Forecast, By Deployment Type
12.5.6.3 Market Size and Forecast, By Industry
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Offering
12.5.7.2 Market Size and Forecast, By Deployment Type
12.5.7.3 Market Size and Forecast, By Industry
13 Middle East Field Device Management Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Field Device Management Market Size and Forecast, By Offering
13.3 Middle East Field Device Management Market Size and Forecast, By Deployment Type
13.4 Middle East Field Device Management Market Size and Forecast, By Industry
13.5 Middle East Field Device Management Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Offering
13.5.1.2 Market Size and Forecast, By Deployment Type
13.5.1.3 Market Size and Forecast, By Industry
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Offering
13.5.2.2 Market Size and Forecast, By Deployment Type
13.5.2.3 Market Size and Forecast, By Industry
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Offering
13.5.3.2 Market Size and Forecast, By Deployment Type
13.5.3.3 Market Size and Forecast, By Industry
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Offering
13.5.4.2 Market Size and Forecast, By Deployment Type
13.5.4.3 Market Size and Forecast, By Industry
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Offering
13.5.5.2 Market Size and Forecast, By Deployment Type
13.5.5.3 Market Size and Forecast, By Industry
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Offering
13.5.6.2 Market Size and Forecast, By Deployment Type
13.5.6.3 Market Size and Forecast, By Industry
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ABB
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Emerson Electric Co.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Siemens
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Honeywell International Inc.
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Rockwell Automation Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Yokogawa
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 OMRON Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Mitsubishi Electric Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 FANUC Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 PHOENIX CONTACT
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
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