Field Device Management (FDM) Market Size, Growth Research Analysis and Share to record over US $1,700.1 Million by 2026 – Industry News

The MarketWatch News Department was not involved in the creation of this content.

Sep 02, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, Field Device Management (FDM) Market provides a comprehensive analysis of the Field Device Management (FDM) market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of industry. This report also provides market landscape and market share information in the Field Device Management (FDM) market.

The global field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by The market research report.

Request a sample Report of Field Device Management (FDM) Market at@ https://www.marketstudyreport.com/request-a-sample/2509603/?utm_source=marketwatch.com&utm_medium=ADS

The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Due to developments in hardware technologies, demand is increasing in the global device management market. In terms of market growth, the need to manage all peripheral devices within a company has played a vital role. Timely improvements in device configuration are a major requirement in all major industries. In addition, industrial units and plants require a high degree of flexibility and adaptation within their devices. Therefore, the global industry for FDM in the following years is projected to generate huge revenues.

In 2018, the global market was dominated by FDM software, which has the highest share and will be expected to increase at a significant growth rate during the forecast period. The growth of the segment depends primarily on the increasing use in different industries of automation technology, Industry 4.0, and the IoT. Software for field device management can be used to carry out preventive maintenance and management tasks. The tools help the classification and management of collected information such as inspection notes, inspection timetables and system configuration information.

In addition, software solutions for field device management provide remote access to smart devices and machine data that can be used to prevent predictive maintenance. These benefits help to make high use of the software for managing filed devices and thus promote market growth.

North America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management. In the high-market size of field device management systems in this area, North America, in particular, plays a key role. With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States. In addition, the majority of companies in this market operate in the United States and have a large client base in local and international markets, which contributes in large part to the existing volume of the market in this regional segment.

The demand for FDM solutions for the nonstop monitoring of processes and machinery of these industries is driven by development in industries such as power, electricity, oil & gas and chemical products in the Asia-pacific region. Furthermore, the growth rates in this region of field device management systems also increase the expansion of international players.

Some of the key players in the market are Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric, Hach, Omron Corporation, Metso Oyj, FANUC Corporation, Yokogawa, Hamilton Company, Valmet Oyj, Phoenix Contact, Endress+Hauser, Festo, Azbil Corporation, Weidmuller and Omega Engineering among others.

The marker research report has segmented the field device management market report on the basis of offering, deployment, industry and region

Field Device Management Offering Type Outlook (Revenue, USD Million, 2015 – 2026)

Hardware

Software

Field Device Management Deployment Type Outlook (Revenue, USD Million, 2015 – 2026)

Cloud

On Premises

Field Device Management Communication Protocol Outlook (Revenue, USD Million, 2015 – 2026)

FOUNDATION Fieldbus

HART

PROFIBUS

PROFINET

Wireless Networking

Modbus

Others

Field Device Management Application Outlook (Revenue, USD Million, 2015 – 2026)

Oil & Gas

Energy & Power

Chemicals

Pharmaceuticals

Metals & Mining

Water & Wastewater

Automotive

Manufacturing

For More Details on this report@ https://www.marketstudyreport.com/reports/field-device-management-fdm-market-share-size-trends-industry-analysis-report-by-component-hardware-software-by-deployment-cloud-on-premises-by-communication-protocol-by-application-oil-gas-energy-power-chemicals-pharmaceuticals-metals-mining-water-wastewater-automotive-manufacturing-by-regions-segment-forecast-2019-2026?utm_source=marketwatch.com&utm_medium=ADS

About Us

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog/

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on editorial@themarketpublicist.com

COMTEX_370569601/2599/2020-09-02T12:51:03

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Spectrum introduces high-speed Internet service that schools can offer students for at-home learning

CLEVELAND, Ohio – Spectrum, a telecommunications company, is unveiling a cable broadband plan that provides another option for households with students needing high-speed Internet for at-home classes during the coronavirus pandemic. © Plain Dealer staff/Pexels/cleveland.com/TNS Remote learning requires adequate Internet service. It’s called “Stay Connected K-12” and it would cost […]