Field Device Management Market by Offering (Hardware and Software), Deployment (Cloud and On-premises), Industry (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Automotive, Manufacturing), Protocol and Geography - Global Forecast to 2024

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Date: 09-May-2019
No. of pages: 157
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“Rising importance of Industry 4.0 and smart factory drive overall growth of field device management market”

The field device management market is projected to grow from USD 1.3 billion in 2019 to USD 1.8 billion by 2024; it is expected to record a CAGR of 6.7%. The field device management market is driven by various factors, such as the rising importance of Industry 4.0 and smart factory, growing focus of manufacturers on reduction in maintenance and operational costs, surging need for FDM systems, and increasing investments by automation companies for the development of IIoT solutions. However, a dearth of a skilled workforce may hinder the growth of the market.

“software segment to witness highest CAGR during forecast period”

Software offerings are expected to dominate the market due to the rising adoption of advanced technologies such as industrial automation, Industry 4.0, and IIoT.  FDM tools offer preventive maintenance management of devices. It helps for classifying and managing device maintenance information such as inspection schedules, inspection memos, and configuration information of devices. Moreover, operation information about field devices can be easily obtained remotely anywhere, which can be used for maintenance tasks

“Based on industries, discrete industry is likely to fastest-growing industry during 2019–2024”

Discrete industries mainly include automotive, manufacturing, and aerospace & defence industries. The significance of information availability from field devices is continuously growing for meeting the demands of competitive and flexible production systems in discrete manufacturing. Discrete industries, particularly automotive and manufacturing, are expected to adopt field device management solutions at a faster rate.

“APAC to record highest growth rate in field device management market during forecast period”

APAC is likely to be the leading region for the field device management market in the coming years. APAC has become a global focal point for large investments and business expansions, thereby providing opportunities for the field device management market. 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. Process industries such as energy & power, oil & gas, and chemicals are expected to witness increased demand for FDM solutions for the continuous monitoring of processes and machinery in these industries. Manufacturing industries such as automotive and electrical & electronics are also expected to contribute significantly to the FDM market growth.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the field device management market place.


  • By Company Type: Tier 1-54%, Tier 2-28%, and Tier 3-18%

  • By Designation: C-Level Executives-62%, Directors-25%, and Managers-13%

  • By Region: North America-28%, Europe-24%, APAC-38%,and RoW -10%


The field device management market comprises major players such as Honeywell(US), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Emerson (US), Rockwell Automation (US), Yokogawa (Japan), OMRON (Japan), Mitsubishi Electric (Japan), Fanuc (Japan), Metso (Finland), Valmet (Finland), Hamilton Company (US), Phoenix Contact (Germany), Endress+Hauser (Switzerland), Festo (Germany), Omega Engineering (UK), Hach (US),Azbil Corporation (Japan), and Weidmüller (Germany).

The study includes an in-depth competitive analysis of these key players in the field device management market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The report defines, describes, and forecasts the field device management market based on offering, industry, communication protocol, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the field device management market. It also analyzes competitive developments such as collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments carried out by the key players to grow in the market.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall field device management market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Field Device Management Market by Offering (Hardware and Software), Deployment (Cloud and On-premises), Industry (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Automotive, Manufacturing), Protocol and Geography - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Field Device Management Market
4.2 Field Device Management Market, By Protocol
4.3 Field Device Management Market, By Offering
4.4 Field Device Management Market in APAC, By Industry and Country
4.5 Country-Wise Field Device Management Market Growth Rate

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Importance of Industry 4.0 and Smart Factory
5.2.1.2 Growing Focus of Manufacturers on Reduction in Maintenance and Operational Costs
5.2.1.3 Surging Need for FDM Systems
5.2.1.4 Increasing Investments for Development of IIoT Solutions By Automation Companies
5.2.2 Restraints
5.2.2.1 Dearth of Skilled Workforce
5.2.3 Opportunities
5.2.3.1 Benefits Offered By Cloud Computing Technology
5.2.3.2 Investment Opportunities in Cloud Computing
5.2.3.3 Initiatives of FDM Providers and Alliances Toward Product Development and Modification
5.2.4 Challenges
5.2.4.1 Maintain Data Privacy and Cybersecurity

6 Field Device Management Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Substantial Growth is Expected in the Hardware-Based Products Owing to the Use of Hand-Held Devices to Monitor on Field Parameters
6.3 Software
6.3.1 Software-Offering is Expected to Have A Strong Growth Owing to the Higher Adoption of IIoT and Industry 4.0

7 Field Device Management Market, By Communication Protocol
7.1 Introduction
7.2 Foundation Fieldbus & Hart
7.2.1 Hart
7.2.1.1 Hart Device Connectivity Preferred By Various Industries as It Ensures Interoperability
7.2.2 Foundation Fieldbus
7.2.2.1 Foundation Fieldbus Primarily Reduces Opex Through Improved Plant Efficiencies, Better Asset Management, and Reduced Maintenance Requirements
7.3 Profibus
7.3.1 Profibus Preferred for Hazardous Environment Providing Opportunity for Chemical and Petrochemical Industries
7.4 Profinet
7.4.1 Profinet Enables High Amount of Flexibility and Real Time Communication
7.5 Ethernet/IP
7.5.1 Ethernet/IP Offers Digital Interconnectivity and A Unified Communications Network
7.6 Modbus
7.6.1 Modbus Offers Ease of Deployment and Usage in Various Industries
7.7 Others
7.7.1 ISA100.11a
7.7.2 Brain

8 Field Device Management Market, By Deployment
8.1 Introduction
8.2 Cloud
8.2.1 Cloud Based Systems is Expected to Have the Highest Growth Rate as Many Tier 1 Players are Investing in IoT-Based Services Through Partnerships and Acquisitions
8.3 On-Premises
8.3.1 The Market for On-Premises Type Offering is Expected to Hold A Major Share Due to the Cyber-Security Concerns

9 Field Device Management Market, By Industry
9.1 Introduction
9.2 Process Industries
9.2.1 Oil & Gas
9.2.1.1 Oil & Gas Industry is Expected to Hold A Significant Share in the FDM Market as FDM Provides Monitoring of On-Field Parameters That Helps to Prioritize the Operational and Maintenance Tasks
9.2.2 Chemicals
9.2.2.1 Substantial Growth in the Chemical Industry is Expected as FDM Solutions Can Help Operators to Monitor the Chemical Production Process Remotely and Can Help in Predictive Maintenance Tasks
9.2.3 Energy & Power
9.2.3.1 Energy & Power Industry is Expected to Hold the Largest Share and Grow at the Highest CAGR Owing to the Higher Adoption of Automation Solutions in This Industry
9.2.4 Food & Beverages
9.2.4.1 Sturdy Growth is Expected in the Food & Beverages Industry for FDM Based Solutions as These Solutions are Expected to Be Used for Daily Maintenance Tasks
9.2.5 Pharmaceuticals
9.2.5.1 Pharmaceuticals Industry is Expected to Have A Steady Growth in the FDM Market Owing to the Adoption of FDM Solutions in the Multi-Product Production Facilities
9.2.6 Metals & Mining
9.2.6.1 Metals & Mining Industry is Expected to Have A Sturdy Growth Owing to the Adoption of Advanced Industrial Solutions to Increase Production and Reduce Operating Costs
9.2.7 Other Process Industries
9.3 Discrete Industries
9.3.1 Automotive
9.3.1.1 FDM is Used By Automotive Players Due to the Increasing Need for Reduction in Operational Costs
9.3.2 Manufacturing
9.3.2.1 Manufacturing Industry is Expected to Have the Highest Growth Rate as FDM Helps to Control and Monitor the Overall Manufacturing Processes Reducing the Downtime and the Maintenance Cost
9.3.3 Aerospace & Defence
9.3.3.1 Sluggish Growth for Aerospace and Defence Industry is Expected as FDM is Used for Safe, Efficient, and Qualitative Operations.

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Strong Contribution of Government in the Development of Industrial Sector
10.2.2 Canada
10.2.2.1 Increased Focus on Innovation By Players in Manufacturing Sector Enhances Growth
10.2.3 Mexico
10.2.3.1 Technology Advancements and Increase in Fdi Spur the Growth of Industrial Segment
10.3 Europe
10.3.1 Germany
10.3.1.1 Automotive Industry to Play Important Role in FDM Market Growth During Forecast Period
10.3.2 UK
10.3.2.1 Increasing Trends of IIoT and Industry 4.0 Drive Market Growth
10.3.3 France
10.3.3.1 Government Initiative to Adopt Advanced Industrial Manufacturing Practices Enhance Growth
10.3.4 Italy
10.3.4.1 Automotive Industry to Exhibit Sturdy Growth in FDM Market in Italy
10.3.5 Russia
10.3.5.1 Oil & Gas Industry to Witness Substantial Growth in FDM Market in Russia
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China Would Be Fastest-Growing Country in FDM Market in APAC
10.4.2 Japan
10.4.2.1 Growth of Japanese Market Driven By Rapid Adoption of FDM Solutions in Discrete and Process Industries
10.4.3 India
10.4.3.1 Higher Adoption of FDM Tools in Discrete Industries Drive FDM Market Growth in India
10.4.4 South Korea
10.4.4.1 Consumer Industry and Government Support for Smart Manufacturing Create Significant Opportunities for FDM Market Growth
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East and Africa
10.5.1.1 Oil & Gas Industry Drives Growth of FDM Market in Middle East and Africa
10.5.2 South America
10.5.2.1 Metals, Chemicals, and Oil & Gas Industries Offer Growth Opportunities for FDM Market

11 Competitive Landscape
11.1 Overview
11.2 Ranking Analysis of Key Players
11.2.1 Product Launches and Developments
11.2.2 Agreements, Partnerships, and Contracts
11.2.3 Mergers & Acquisitions
11.2.4 Expansions
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Players

12 Company Profiles
12.1 Introduction
12.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.2.1 Siemens
12.2.2 Emerson Electric Co.
12.2.3 ABB
12.2.4 Schneider Electric
12.2.5 Honeywell
12.2.6 Rockwell Automation
12.2.7 Yokogawa
12.2.8 OMRON
12.2.9 Fanuc
12.2.10 Metso Automation
12.3 Other Key Players
12.3.1 Azbil Corporation
12.3.2 Endress+Hauser
12.3.3 Festo
12.3.4 Hach Company
12.3.5 Hamilton Company
12.3.6 Mitsubishi Electric
12.3.7 Omega Engineering
12.3.8 Phoenix Contact
12.3.9 Valmet
12.3.10 Weidmüller

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables

Table 1 Field Device Management Market, By Offering, 2015–2024 (USD Billion)
Table 2 List of Hardware Products Used in FDM Systems
Table 3 Field Device Management Market for Hardware, By Industry, 2015–2024 (USD Million)
Table 4 Field Device Management Market for Hardware, By Process Industry, 2015–2024 (USD Million)
Table 5 Field Device Management Market for Hardware, By Discrete Industry, 2015–2024 (USD Million)
Table 6 Field Device Management Market for Software, By Industry, 2015–2024 (USD Million)
Table 7 Field Device Management Market for Software, By Process Industry, 2015–2024 (USD Million)
Table 8 Field Device Management Market for Software, By Discrete Industry, 2015–2024 (USD Million)
Table 9 Field Device Management Market, By Communication Protocol, 2015–2024 (USD Million)
Table 10 Field Device Management Market for Foundation Fieldbus & Hart Protocol, By Region, 2015–2024 (USD Million)
Table 11 Field Device Management Market for Profibus Protocol, By Region, 2015–2024 (USD Million)
Table 12 Field Device Management Market for Profinet Protocol, By Region, 2015–2024 (USD Million)
Table 13 Field Device Management Market for Ethernet/IP Protocol, By Region, 2015–2024 (USD Million)
Table 14 Field Device Management Market for Modbus Protocol, By Region, 2015–2024 (USD Million)
Table 15 Field Device Management Market for Software, By Deployment, 2015–2024 (USD Million)
Table 16 Field Device Management Market, By Industry, 2015–2024 (USD Million)
Table 17 Field Device Management Market, By Process Industry, 2015–2024 (USD Million)
Table 18 Field Device Management Market for Process Industries, By Offering, 2015–2024 (USD Million)
Table 19 Field Device Management Market for Process Industries, By Region, 2015–2024 (USD Million)
Table 20 Field Device Management Market for Oil & Gas Industry, By Offering, 2015–2024 (USD Million)
Table 21 Field Device Management Market for Oil & Gas Industry, By Region, 2015–2024 (USD Million)
Table 22 Field Device Management Market for Chemicals Industry, By Offering, 2015–2024 (USD Million)
Table 23 Field Device Management Market for Chemicals Industry, By Region, 2015–2024 (USD Million)
Table 24 Field Device Management Market for Energy & Power Industry, By Offering, 2015–2024 (USD Million)
Table 25 Field Device Management Market for Energy & Power Industry, By Region, 2015–2024 (USD Million)
Table 26 Field Device Management Market for Food & Beverages Industry, By Offering, 2015–2024 (USD Million)
Table 27 Field Device Management Market for Food & Beverages Industry, By Region, 2015–2024 (USD Million)
Table 28 Field Device Management Market for Pharmaceuticals Industry, By Offering, 2015–2024 (USD Million)
Table 29 Field Device Management Market for Pharmaceuticals Industry, By Region, 2015–2024 (USD Million)
Table 30 Field Device Management Market for Metals & Mining Industry, By Offering, 2015–2024 (USD Million)
Table 31 Field Device Management Market for Metals & Mining Industry, By Region, 2015–2024 (USD Million)
Table 32 Field Device Management Market for Other Process Industries, By Offering, 2015–2024 (USD Million)
Table 33 Field Device Management Market for Other Process Industries, By Region, 2015–2024 (USD Million)
Table 34 Field Device Management Market, By Discrete Industry, 2015–2024 (USD Million)
Table 35 Field Device Management Market for Discrete Industries, By Offering, 2015–2024 (USD Million)
Table 36 Field Device Management Market for Discrete Industries, By Region, 2015–2024 (USD Million)
Table 37 Field Device Management Market for Automotive Industry, By Offering, 2015–2024 (USD Million)
Table 38 Field Device Management Market for Automotive Industry, By Region, 2015–2024 (USD Million)
Table 39 Field Device Management Market for Manufacturing Industry, By Offering, 2015–2024 (USD Million)
Table 40 Field Device Management Market for Manufacturing Industry, By Region, 2015–2024 (USD Million)
Table 41 Field Device Management Market for Aerospace & Defence Industry, By Offering, 2015–2024 (USD Million)
Table 42 Field Device Management Market for Aerospace & Defence Industry, By Region, 2015–2024 (USD Million)
Table 43 Field Device Management Market, By Region, 2015–2024 (USD Million)
Table 44 Field Device Management Market in North America, By Country, 2015–2024 (USD Million)
Table 45 Field Device Management Market in North America, By Industry, 2015–2024 (USD Million)
Table 46 Field Device Management Market in North America, By Process Industry, 2015–2024 (USD Million)
Table 47 Field Device Management Market in North America, By Discrete Industry, 2015–2024 (USD Million)
Table 48 Field Device Management Market in North America, By Communication Protocol, 2015–2024 (USD Million)
Table 49 Field Device Management Market in Europe, By Country, 2015–2024 (USD Million)
Table 50 Field Device Management Market in Europe, By Industry, 2015–2024 (USD Million)
Table 51 Field Device Management Market in Europe, By Process Industry, 2015–2024 (USD Million)
Table 52 Field Device Management Market in Europe, By Discrete Industry, 2015–2024 (USD Million)
Table 53 Field Device Management Market in Europe, By Communication Protocol, 2015–2024 (USD Million)
Table 54 Field Device Management Market in APAC, By Country, 2015–2024 (USD Million)
Table 55 Field Device Management Market in APAC, By Industry, 2015–2024 (USD Million)
Table 56 Field Device Management Market in APAC, By Process Industry, 2015–2024 (USD Million)
Table 57 Field Device Management Market in APAC, By Discrete Industry, 2015–2024 (USD Million)
Table 58 Field Device Management Market in APAC, By Communication Protocol, 2015–2024 (USD Million)
Table 59 Field Device Management Market in RoW, By Region, 2015–2024 (USD Million)
Table 60 Field Device Management Market in RoW, By Industry, 2015–2024 (USD Million)
Table 61 Field Device Management Market in RoW, By Process Industry, 2015–2024 (USD Million)
Table 62 Field Device Management Market in RoW, By Discrete Industry, 2015–2024 (USD Million)
Table 63 Field Device Management Market in RoW, By Communication Protocol, 2015–2024 (USD Million)
Table 64 Product Launches and Developments, 2017–2018
Table 65 Agreements, Partnerships, and Contracts, 2016–2018
Table 66 Mergers & Acquisitions, 2017–2018
Table 67 Expansions, 2018

List of Figures

Figure 1 Field Device Management Market: Process Flow of Market Size Estimation
Figure 2 Field Device Management Market: Research Design
Figure 3 Field Device Management Market: Bottom-Up Approach
Figure 4 Field Device Management Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Process Industry to Account for Larger Size of Field Device Management Market By 2024
Figure 8 Energy & Power Industry Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Software FDM Products to Hold Larger Share of Field Device Management Market Than Hardware Products By 2024
Figure 10 APAC to Account for Largest Share of Global Field Device Management Market By 2024
Figure 11 Growing Adoption of Filed Device Management Solutions to Surge Market Growth During Forecast Period
Figure 12 Foundation Fieldbus and Hart Protocols Expected to Command Field Device Management Market During Forecast Period
Figure 13 Software Offerings to Account for Major Share of Field Device Management Market By 2024
Figure 14 Process Industry and China Expected to Account for Largest Share of Field Device Management Market in APAC By 2024
Figure 15 Field Device Management Market in China to Grow at Highest CAGR During Forecast Period
Figure 16 Field Device Management Market Dynamics
Figure 17 FDM Market, By Offering
Figure 18 Software Offerings to Dominate Filed Device Management Market During Forecast Period
Figure 19 Working of Hardware Components Used in FDM Systems Based on Hart Communication Protocol
Figure 20 Process Industries Expected to Hold Larger Size of Filed Device Management Market for Hardware By 2024
Figure 21 Process Industries Expected to Account for Largest Size of Filed Device Management Market for Software By 2024
Figure 22 Power & Energy Industry Expected to Witness Highest CAGR in Filed Device Management Market for Software for Process Industries By 2024
Figure 23 Foundation Fieldbus & Hart Protocols to Command Filed Device Management Market During Forecast Period
Figure 24 Working Principle of Hart
Figure 25 Comparison of Foundation Fieldbus Model and Osi Model
Figure 26 Comparison of Profibus and Osi Layer
Figure 27 FDM Market, By Deployment
Figure 28 Cloud-Based Deployment Expected to Witness Higher CAGR in Field Device Management Market During Forecast Period
Figure 29 Discrete Industries Expected to Witness Highest CAGR in Field Device Management Market During Forecast Period
Figure 30 Energy & Power Industry to Lead Field Device Management Market, By Process Industry, During Forecast Period
Figure 31 APAC to Dominate Field Device Management Market for Process Industries During Forecast Period
Figure 32 APAC to Dominate Field Device Management Market for Oil & Gas Industry During Forecast Period
Figure 33 APAC to Lead Field Device Management Market for Chemicals Industry During Forecast Period
Figure 34 Software Offerings to Command Field Device Management Market for Energy & Power Industry During Forecast Period
Figure 35 APAC to Account for Largest Size of Field Device Management Market for Food & Beverages Industry During Forecast Period
Figure 36 APAC to Exhibit Highest CAGR in Field Device Management Market for Pharmaceuticals Industry During Forecast Period
Figure 37 Manufacturing Industry to Exhibit Highest CAGR in Field Device Management Market for Discrete Industries During Forecast Period
Figure 38 APAC is Expected to Dominate Field Device Management Market During Forecast Period
Figure 39 North America: Snapshot of Field-Device Management Market
Figure 40 US to Dominate Field-Device Management Market in North America During Forecast Period
Figure 41 Europe: Snapshot of Field Device Management Market
Figure 42 Germany to Command Field Device Management Market in Europe During 2019–2024
Figure 43 APAC: Snapshot of Field Device Management Market
Figure 44 China to Hold Commanding Position in Field Device Management Market in APAC During Forecast Period
Figure 45 Organic and Inorganic Strategies Adopted By Companies Operating in Field Device Management Market
Figure 46 Market Player Ranking, 2018
Figure 47 Field Device Management Market (Global) Competitive Leadership Mapping (2018)
Figure 48 Siemens: Company Snapshot
Figure 49 Emerson: Company Snapshot
Figure 50 ABB: Company Snapshot
Figure 51 Schneider Electric: Company Snapshot
Figure 52 Honeywell: Company Snapshot
Figure 53 Rockwell Automation: Company Snapshot
Figure 54 Yokogawa: Company Snapshot
Figure 55 OMRON: Company Snapshot
Figure 56 Fanuc: Company Snapshot
Figure 57 Metso Automation: Company Snapshot

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