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Global Field Device Management Market to reach USD 2.19 billion by 2028

Global Field Device Management Market Size study, By Offering (Hardware, Software), By Protocols (FOUNDATION Fieldbus and HART, PROFIBUS, PROFINET, Modbus TCP/IP, EtherNet/IP, Others {ISA 100.11A and BRAIN}), By Industry (Process {Oil & Gas, Chemicals, Power & Energy, Food & Beverages, Pharmaceuticals, Metals & Mining, Others}, Discrete {Automotive, Manufacturing, Aerospace & Defence}) and Regional Forecasts 2022-2028

Product Code: ICTEITS-54294212
Publish Date: 30-04-2022
Page: 200

Global Field Device Management Market is valued at approximately USD 1.39 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2022-2028. Field Device Management (FDM) acts as a configuration and maintaining tool for the smart field devices for troubleshooting and analytical applications. This solution facilitates remote access to smart devices and presents field data of the machines for analytical maintenance. It serves a large number of devices by linking FDM customers to diverse distributed FDM servers. Additionally, it provides complete control over all machinery and saves time by lessening the number of fields trips. The growing significance and investment in the industry 4.0 and Smart Factory, coupled with the rising inclinations for cut-downing the operational and maintenance cost of machinery is propelling the demand for the market globally. For instance, in China, the IIoT market increased by 25% per year and is projected to reach approximately 300 billion yuan ($47 billion) in 2018, as per China’s Ministry of Industry and Information Technology. However, a shortage of proficient employees impedes the growth of the market over the forecast period of 2022-2028. Also, the initiatives by the FDM providers and collaborations for the product development & modification are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the Global Field Device Management Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing automation majorly in the industries such as energy & power, manufacturing and automotive, as well as the rising need for FDM solutions for constant monitoring of procedures and field devices chiefly among these industries. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing investments for the development of FDM solutions, along with the emergence of big data and industry 4.0 would create lucrative growth prospects for the Field Device Management market across the Asia-Pacific region.

Major market players included in this report are:
Mitsubishi Electric
Rockwell Automation
Omega Engineering
Hamilton Company
Schneider Electric

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
By Protocols:
Modbus TCP/IP
Others (ISA 100.11A and BRAIN)
By Industry:
Oil & Gas
Power & Energy
Food & Beverages
Metals & Mining
Aerospace & Defence
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Field Device Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Field Device Management Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Field Device Management Market, by Offerings, 2020-2028 (USD Billion)
1.2.3. Global Field Device Management Market, by Protocols, 2020-2028 (USD Billion)
1.2.4. Global Field Device Management Market, by Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Field Device Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Field Device Management Market Dynamics
3.1. Field Device Management Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing requirements for FDM Systems Increasing investments for the development of IIoT solutions by automation companies
3.1.2. Market Challenges Growing need for maintaining data privacy and cybersecurity
3.1.3. Market Opportunities Deployment of cloud computing technology
Chapter 4. Global Field Device Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Field Device Management Market, by Offerings
6.1. Market Snapshot
6.2. Global Field Device Management Market by Offerings, Performance – Potential Analysis
6.3. Global Field Device Management Market Estimates & Forecasts by Offerings, 2019-2028 (USD Billion)
6.4. Field Device Management Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
Chapter 7. Global Field Device Management Market, by Protocols
7.1. Market Snapshot
7.2. Global Field Device Management Market by Protocols, Performance – Potential Analysis
7.3. Global Field Device Management Market Estimates & Forecasts by Protocols, 2019-2028 (USD Billion)
7.4. Field Device Management Market, Sub Segment Analysis
7.4.1. FOUNDATION Fieldbus and HART
7.4.4. Modbus TCP/IP
7.4.5. EtherNet/IP
7.4.6. Others (ISA 100.11A and BRAIN)
Chapter 8. Global Field Device Management Market, by Industry
8.1. Market Snapshot
8.2. Global Field Device Management Market by Industry, Performance – Potential Analysis
8.3. Global Field Device Management Market Estimates & Forecasts by Industry, 2019-2028 (USD Billion)
8.4. Field Device Management Market, Sub Segment Analysis
8.4.1. Process Oil & Gas Chemicals Power & Energy Food & Beverages Pharmaceuticals Metals & Mining Others
8.4.2. Discrete Automotive Manufacturing Aerospace & Defence
Chapter 9. Global Field Device Management Market, Regional Analysis
9.1. Field Device Management Market, Regional Market Snapshot
9.2. North America Field Device Management Market
9.2.1. U.S. Field Device Management Market Offerings breakdown estimates & forecasts, 2019-2028 Protocols breakdown estimates & forecasts, 2019-2028 Industry breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Field Device Management Market
9.3. Europe Field Device Management Market Snapshot
9.3.1. U.K. Field Device Management Market
9.3.2. Germany Field Device Management Market
9.3.3. France Field Device Management Market
9.3.4. Spain Field Device Management Market
9.3.5. Italy Field Device Management Market
9.3.6. Rest of Europe Field Device Management Market
9.4. Asia-Pacific Field Device Management Market Snapshot
9.4.1. China Field Device Management Market
9.4.2. India Field Device Management Market
9.4.3. Japan Field Device Management Market
9.4.4. Australia Field Device Management Market
9.4.5. South Korea Field Device Management Market
9.4.6. Rest of Asia Pacific Field Device Management Market
9.5. Latin America Field Device Management Market Snapshot
9.5.1. Brazil Field Device Management Market
9.5.2. Mexico Field Device Management Market
9.6. Rest of The World Field Device Management Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Honeywell Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. OMRON
10.2.3. Siemens
10.2.4. Mitsubishi Electric
10.2.5. Rockwell Automation
10.2.6. Emerson
10.2.7. Omega Engineering
10.2.8. Hamilton Company
10.2.9. Schneider Electric
10.2.10. Hach
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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