North America Field Device Management Market By Industry (Process Industries and Discrete Industry) By Offering (Software and Hardware) By Deployment Type (On Premise and Cloud) By Country, Industry Analysis and Forecast, 2019 - 2025
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The North America Field Device Management Market would witness market growth of 6.4% CAGR during the forecast period (2019-2025).
With industry 4.0 increasing awareness, field device management is becoming a significant segment as it helps enhance lifecycle management and support for multi-platforms. It also provides wireless expense management, as well as reduces operational and maintenance costs. FDM is increasingly being implemented in mobile equipment management solutions with the increase of industrial automation and smart factories. This provides centralized control and monitoring of the product fleet in a warehouse setting or any distribution center, one of the key factors driving the growth of the demand in the distributed system world.
Since FDM lays the groundwork for remote deployment and management of mobile devices and applications, it offers business flexibility for companies to drive high productivity. The required automation efficiency stimulates the demand for FDM in automation tasks, including automated cost control and invoicing, installation of a large CNC machine, among other tasks. Growing investment in IIoT solutions and the growth of automation companies has provided an opportunity for the industry to expand effectively. The focus of the manufacturers on increasing operating and maintenance costs as well as delivering highly effective mobile device management solutions directly drives the growth of the industry.
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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Field Device Management Market Analysis
- Process Industries
- Energy & Utilities
- Oil & Gas
- Metals & Mining
- Chemicals & Pharmaceuticals
- Food & Beverages
- Discrete Industry
- Aerospace & Defense
By Deployment Type
- On Premise
- Rest of North America
- Yokogawa Electric Corporation
- Siemens AG
- Emerson Electric Co.
- Honeywell International, Inc.
- ABB Group
- Schneider Electric SE
- Rockwell Automation, Inc.
- Omron Corporation
- Mitsubishi Electric Corporation
- Azbil Corporation
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