Global Field Device Management Market Outlook, Opportunities And Strategies – Includes Field Device Management Market Growth
Learn about the global field device management market through The Business Research Company, which provides information on field device management market size, field device management market drivers and restraints, field device management market players, the COVID-19 impact on the field device management market, and more.
The global field device management market is expected to grow from $1.85 billion in 2021 to $2.03 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global field device management market size is expected to grow to $2.67 billion in 2026 at a CAGR of 7.1%.
Increasing smart factories are expected to propel the growth of the field device management market going forward.
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The field device management market consists of sales of field device management services by entities (organizations, sole traders, and partnerships) that are used as a configuration tool for smart field devices and a maintenance tool for diagnostics and troubleshooting applications. Field device management refers to an important function of the operating system. Field device management is responsible for managing all the hardware devices of the computer system and also includes the management of the storage devices as well as the management of all the input and output devices of the computer system.
Global Field Device Management Market Segments Include:
By Offering: Hardware, Software
By Protocols: Foundation Fieldbus and HART, Profibus, Profinet, Modbus TCP/IP, Ethernet or IP, Others
By Deployment Type Outlook: On-Premises, Cloud
By Industry: Process Industries, Discrete Industries
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global field device management market in 2021.
Strategic partnerships have emerged as a key trend gaining popularity in the field device management market. Major companies operating in the field device management sector are looking for partnerships to strengthen their position in the market.
Major Market Players: Honeywell International Inc., Siemens AG, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Endress+Hauser, FANUC, Festo Inc., Azbil Corporation, Hamilton Company, Phoenix Contact, Weidmuller Interface GmbH & Co. KG, and Hach Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Field Device Management Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides field device management market overviews, analyzes and forecasts market size, share, field device management market players, field device management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s field device management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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