The Global Field Device Management Market was worth US$ 1.5 billion in 2019 and is estimated to grow at a CAGR of 7% through 2030. Growing sophistication of industrial automation, rising demand for effective field device monitoring, and advancement in field communication network are the key parameters driving the growth of the global field device management market. Field device management is a tool used for remote configuration, remote monitoring, and maintenance of field devices. It enables effective communication between the control and monitoring instruments distributed throughout the plant floor and centralized system. Field devices are connected over several industrial network protocols such as HART, Fieldbus Foundation, PROFIBUS, and so on, and communicate real time data to the control room. With filed device management system in place, all the instrument can be monitored and controlled effectively. This has fuelled the adoption of field device management systems across different industries. Industrial automation, growing complexities of industrial processes and increasing investment on development of advanced field device management systems are prime attributes towards the growth of field device management market globally. The global field device management market is expected to exhibit steady growth during the forecast period.
North America contributed a dominating share to the global field device management market in 2019 and is anticipated to be a dominating region during the forecast period owing to strong demand for field device management solution across the wide industries fuelled by high penetration of industrial automation and adoption of Smart factory and Industrial Internet of Things. Increasing investment on development and implementation of Smart Factory solutions is expected to drive the growth of North America field device management market during the forecast period. Asia Pacific is expected to offer lucrative opportunities during the forecast period owing to expanding manufacturing and process industries and rising adoption of advanced industrial automation solutions across emerging countries.
Field Device Management Market Share Analysis, by Geography (2021)
The report titled “Field Device Management Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global field device management market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Honeywell International Inc. reported revenues of USD 36,709 million in 2019 and the product segment analysis of the company indicates that Aerospace business segment of the company dominated revenue in 2019.
The global field device management market is segmented on the basis of component, deployment, end use industry, and geography. Based on component, the global field device management market is segmented into hardware and software. Based on deployment, the global field device management market is segmented into cloud and on-premise. Based on end use industry, the global field device management market is segmented into discrete industry and process industry. The discrete industry is sub-segmented into automotive, aerospace & defense, and others. The process industry is sub-segmented into oil & gas, chemicals, pharmaceuticals, food & beverages, energy & utility, and others. Based on geography, the global field device management market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on field device managements. Further, market share of prominent companies in the global field device management market would also be estimated. For instance, Honeywell International Inc. operates through four segments namely Aerospace, Honeywell Building technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The field device management products are delivered under Performance Materials and Technologies business segment of the company with revenue contribution of US$ 10,834 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the field device management companies. The global field device management market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the field device management business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global field device management market.
Major players active in the global field device management market include ABB, Azbil Corporation, Emerson Electric Co., FANUC Corporation, Hamilton Company, Honeywell International Inc., Metso Corporation, Mitsubishi Electric Corporation, OMRON Corporation, PHOENIX CONTACT, Rockwell Automation Inc., Siemens, Valmet; Schneider Electric, and Yokogawa.
Segmentation:
By Component:
By Deployment:
By End-use Industry:
- Discrete Industry
- Process Industry
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
1. Introduction 1.1. Research Objectives 1.2. Report Assumptions 1.3. Research Methodology 1.4. Abbreviations 2. Preface 2.1. Market Definition 2.2. Report Scope and Market Segmentation 2.3. Research Highlights 3. Market Synopsis: Global Field Device Management Market 4. Global Field Device Management Market Qualitative Analysis 4.1. Ecosystem Analysis 4.1.1. Role of participants 4.1.2. Integration scenario 4.2. Trends 4.2.1. Market trends 4.2.2. Technology Trends 4.3. PESTEL Analysis (For 5 prominent countries) 4.4. Market Influencers 4.4.1. Driving Forces 4.4.2. Hindering Forces 4.4.3. Opportunities 4.5. Technology evolution 5. Global Field Device Management Market Analysis and Forecast, by Component 5.1. Overview and definitions 5.2. Key segment analysis 5.3. Global Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 5.3.1. Hardware 5.3.2. Software 6. Global Field Device Management Market Analysis and Forecast, by Deployment 6.1. Overview and definitions 6.2. Key segment analysis 6.3. Global Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 6.3.1. On-premise 6.3.2. Cloud 7. Global Field Device Management Market Analysis and Forecast, by End User 7.1. Overview and definitions 7.2. Key segment analysis 7.3. Global Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 7.3.1. Discrete Industry 7.3.1.1. Automotive 7.3.1.2. Aerospace & Defense 7.3.1.3. Others 7.3.2. Process Industry 7.3.2.1. Oil & Gas 7.3.2.2. Chemical 7.3.2.3. Pharmaceutical 7.3.2.4. Food & Beverages 7.3.2.5. Energy & Utility 7.3.2.6. Others 8. Global Field Device Management Market Analysis and Forecast, by Region 8.1. Overview and definitions 8.2. Key segment analysis 8.3. Global Field Device Management Market Estimates (US$ Mn), by Region, 2018 – 2030 8.3.1. North America 8.3.2. Europe 8.3.3. Asia Pacific 8.3.4. Middle East & Africa 8.3.5. South America 9. North America Field Device Management Market Analysis and Forecast 9.1. Overview and definitions 9.2. Key segment analysis 9.3. North America Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 9.3.1. Hardware 9.3.2. Software 9.4. North America Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 9.4.1. On-premise 9.4.2. Cloud 9.5. North America Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 9.5.1. Discrete Industry 9.5.1.1. Automotive 9.5.1.2. Aerospace & Defense 9.5.1.3. Others 9.5.2. Process Industry 9.5.2.1. Oil & Gas 9.5.2.2. Chemical 9.5.2.3. Pharmaceutical 9.5.2.4. Food & Beverages 9.5.2.5. Energy & Utility 9.5.2.6. Others 9.6. North America Field Device Management Market Estimates (US$ Mn), Country, 2018 – 2030 9.6.1. The U.S. 9.6.2. Canada 9.6.3. Rest of North America 10. Europe Field Device Management Market Analysis and Forecast 10.1. Overview and definitions 10.2. Key segment analysis 10.3. Europe Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 10.3.1. Hardware 10.3.2. Software 10.4. Europe Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 10.4.1. On-premise 10.4.2. Cloud 10.5. Europe Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 10.5.1. Discrete Industry 10.5.1.1. Automotive 10.5.1.2. Aerospace & Defense 10.5.1.3. Others 10.5.2. Process Industry 10.5.2.1. Oil & Gas 10.5.2.2. Chemical 10.5.2.3. Pharmaceutical 10.5.2.4. Food & Beverages 10.5.2.5. Energy & Utility 10.5.2.6. Others 10.6. Europe Field Device Management Market Estimates (US$ Mn), Country, 2018 – 2030 10.6.1. Germany 10.6.2. United Kingdom 10.6.3. Belgium 10.6.4. Spain 10.6.5. Rest of Europe 11. Asia Pacific Field Device Management Market Analysis and Forecast 11.1. Overview and definitions 11.2. Key segment analysis 11.3. Asia Pacific Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 11.3.1. Hardware 11.3.2. Software 11.4. Asia Pacific Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 11.4.1. On-premise 11.4.2. Cloud 11.5. Asia Pacific Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 11.5.1. Discrete Industry 11.5.1.1. Automotive 11.5.1.2. Aerospace & Defense 11.5.1.3. Others 11.5.2. Process Industry 11.5.2.1. Oil & Gas 11.5.2.2. Chemical 11.5.2.3. Pharmaceutical 11.5.2.4. Food & Beverages 11.5.2.5. Energy & Utility 11.5.2.6. Others 11.6. Asia Pacific Field Device Management Market Estimates (US$ Mn), Country, 2018 – 2030 11.6.1. Japan 11.6.2. India 11.6.3. China 11.6.4. Australia 11.6.5. Rest of Asia Pacific 12. Middle East & Africa Field Device Management Market Analysis and Forecast 12.1. Overview and definitions 12.2. Key segment analysis 12.3. Middle East & Africa Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 12.3.1. Hardware 12.3.2. Software 12.4. Middle East & Africa Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 12.4.1. On-premise 12.4.2. Cloud 12.5. Middle East & Africa Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 12.5.1. Discrete Industry 12.5.1.1. Automotive 12.5.1.2. Aerospace & Defense 12.5.1.3. Others 12.5.2. Process Industry 12.5.2.1. Oil & Gas 12.5.2.2. Chemical 12.5.2.3. Pharmaceutical 12.5.2.4. Food & Beverages 12.5.2.5. Energy & Utility 12.5.2.6. Others 12.6. Middle East & Africa Field Device Management Market Estimates (US$ Mn), Country, 2018 – 2030 12.6.1. Saudi Arabia 12.6.2. UAE 12.6.3. Rest of Middle East 13. South America Field Device Management Market Analysis and Forecast 13.1. Overview and definitions 13.2. Key segment analysis 13.3. South America Field Device Management Market Estimates (US$ Mn), by Component, 2018 – 2030 13.3.1. Hardware 13.3.2. Software 13.4. South America Field Device Management Market Estimates (US$ Mn), by Deployment, 2018 – 2030 13.4.1. On-premise 13.4.2. Cloud 13.5. South America Field Device Management Market Estimates (US$ Mn), by End User, 2018 – 2030 13.5.1. Discrete Industry 13.5.1.1. Automotive 13.5.1.2. Aerospace & Defense 13.5.1.3. Others 13.5.2. Process Industry 13.5.2.1. Oil & Gas 13.5.2.2. Chemical 13.5.2.3. Pharmaceutical 13.5.2.4. Food & Beverages 13.5.2.5. Energy & Utility 13.5.2.6. Others 13.6. South America Field Device Management Market Estimates (US$ Mn), Country, 2018 – 2030 13.6.1. Brazil 13.6.2. Rest of South America 14. Competition Analysis – Field Device Management Market 14.1. Market Composition 14.2. Market Share Analysis (%), by Supplier (2019) 14.3. Company Profiles 14.3.1. ABB 14.3.1.1. Business overview 14.3.1.2. Management 14.3.1.3. Geographic presence 14.3.1.4. Product portfolio 14.3.1.5. Financial facts 14.3.1.6. Channel partners 14.3.1.7. Relevant news and strategic view 14.3.2. Azbil Corporation 14.3.3. Emerson Electric Co. 14.3.4. FANUC Corporation 14.3.5. Hamilton Company 14.3.6. Honeywell International Inc. 14.3.7. Metso Corporation 14.3.8. Mitsubishi Electric Corporation 14.3.9. OMRON Corporation 14.3.10. PHOENIX CONTACT 14.3.11. Rockwell Automation Inc. 14.3.12. Siemens 14.3.13. Valmet 14.3.14. Schneider Electric 14.3.15. Yokogawa Electric Corporation 15. Conclusion & Recommendations
