Some of the key players in global field device management market are Omron Corporation, Emerson Electric Co., Schneider Electric SE, Azbil Corporation, Siemens AG, ABB Group, Festo, Endress+Hauser, Hamilton Company, Omega Engineering, Valmet, Weidmüller, and Hach Company.
Gaithersburg, Maryland, United States – March 4, 2020 /MarketersMedia/ —
Some of the key factors influencing the market growth include rising importance of Industry 4.0 and smart factory, surging need for FDM systems, and increasing investments for the development of FDM solutions by automation companies. However, the dearth of skilled workforce is restricting the market growth.
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Field device management or FDM is a versatile, accessible, and predictable plant instrumentation solution which simplifies the maintenance of the smart instrument. It conforms to industry standards and uses remote communication infrastructure to communicate to the configured devices. The introduction of industry 4.0 has resulted in the growing importance for field device management. FDMs provides a flexible architecture which is scalable and helps the companies to configure the devices securely. The system enables configuration of third-party devices, thus providing interoperability.
Based on the deployment, the on-premises segment is expected to have lucrative growth during the forecast period, owing to the increasing cybersecurity concerns. Deploying the field or site device management on-premise provides the complete control of the system at the data centre with better integration capability and security. Companies prefer on-premise FDM solutions to address indemnification issues, legal liabilities, and technical limitations. Major companies have deployed their FDM solutions on-premise, in order to provide better visibility, stronger control, and security.
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By Geography, Major factors driving the growth of the FDM market in APAC include the rising demand for FDM tools due to the growing automation in the industry; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing investments in field device management to optimize productivity and increase maintenance efficiency. China is expected to lead the FDM market in the APAC region. Manufacturing, automotive, and energy & power are the major industries that would drive the market growth in the APAC region.
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Communication Protocols Covered:
• Profinet
• Modbus Transmission Control Protocol/Internet Protocol (TCP/IP)
• Ethernet/Internet Protocol (IP)
• Profibus
• Foundation Fieldbus
• Hart
• Wireless Networking
• Other Communication Protocols
Offerings Covered:
• Software
• Hardware
Deployments Covered:
• On-Premises
• Cloud
End Users Covered:
• Discrete Industries
• Process Industries
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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