The Latin America, Middle East and Africa Field Device Management Market would witness market growth of 7.7% CAGR during the forecast period (2019-2025).
Field device management software is used to perform device management and preventive maintenance activities. Such tools help identify and handle the collected information like memos of inspection, schedules of inspection, as well as system configuration details. In addition, field device management software solutions help to remotely access smart devices and provide computer field data that can be used for predictive maintenance. These benefits lead to the high use of technology for filed devices management and eventually drive the growth of this market.
FDM solutions are mainly used in process industries to prioritize operational and maintenance tasks, while they are mainly used in discrete industries to reduce operational costs. Chemicals, oil and gas, metals and mining, energy & power, and pharmaceuticals are the key process industries application areas where field/site device management is most needed. Since FDM solutions provide a framework for automation control to enhance asset management and instrumentation maintenance, they are used mainly in process industries. For many manufacturing plant environments, more than one FDM system has been built to enable process automation.
Based on Industry, the market is segmented into Process Industries and Discrete Industry. Process industries segment is further segmented into Energy & Utilities, Oil & Gas, Metals & Mining, Chemicals & Pharmaceuticals, Food & Beverages and Others. Discrete Industry is further bifurcated into Automotive, Manufacturing and Aerospace & Defense. Based on Offering, the market is segmented into Software and Hardware. Based on Deployment Type, the market is segmented into On Premise and Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Field Device Management Market in LAMEA is expected to register a CAGR of 7.7% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Yokogawa Electric Corporation, Siemens AG, Emerson Electric Co., Honeywell International, Inc., ABB Group, Schneider Electric SE, Rockwell Automation, Inc., Omron Corporation, Mitsubishi Electric Corporation and Azbil Corporation.
Market Segmentation:
By Industry
By Offering
By Deployment Type
By Country
Companies Profiled
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