AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Field Device Management market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Field Device Management market to grow at a CAGR of 6.9% to aggregate USD1.8 Billion by 2026.

The Deployment Mode, such as Cloud, is boosting the Field Device Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Protocols, such as FOUNDATION Fieldbus and HART, is boosting the Field Device Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Offerings, such as Hardware, is boosting the Field Device Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Field Device Management market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growing Focus of Manufacturers on Reduction in Maintenance and Operational Costs and Increasing Investments for Development of IIoT Solutions By Automation Companies”.
 

Field Device Management refers to the system which enables the process of plant operators and engineers to perform maintenance of on-the-go smart device anywhere in the plant. There is a rising importance of the smart factory and Industry 4.0, growing focus of manufacturers on reduction in the maintenance and operational costs, growing need for FDM systems, and surging in investments for the development of the FDM solutions by an automation company are the major factors which are driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Field Device Management market , by Application (Oil & Gas, Chemicals, Power & Energy, Food & Beverages, Pharmaceuticals, Metals & Mining, Automotive, Manufacturing and Aerospace & Defence) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market