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Field Device Management (FDM) Market Analysis, Cost, Production Value, Price, Gross Margin and Competition Forecast to 2028

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Field Device Management (FDM) Market Analysis, Cost, Production Value, Price, Gross Margin and Competition Forecast to 2028

The field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research. The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Due to developments in hardware technologies, demand is increasing in the global device management market. In terms of market growth, the need to manage all peripheral devices within a company has played a vital role. Timely improvements in device configuration are a major requirement in all major industries. In addition, industrial units and plants require a high degree of flexibility and adaptation within their devices. Therefore, the global industry for FDM in the following years is projected to generate huge revenues.

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North America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management. In the high-market size of field device management systems in this area, North America, in particular, plays a key role. With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States. In addition, the majority of companies in this market operate in the United States and have a large client base in local and international markets, which contributes in large part to the existing volume of the market in this regional segment.

Field Device Management (FDM) Market

The demand for FDM solutions for the nonstop monitoring of processes and machinery of these industries is driven by development in industries such as power, electricity, oil & gas and chemical products in the Asia-pacific region. Furthermore, the growth rates in this region of field device management systems also increase the expansion of international players.

Some of the key players in the market are Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric, Hach, Omron Corporation, Metso Oyj, FANUC Corporation, Yokogawa, Hamilton Company, Valmet Oyj, Phoenix Contact,  Endress+Hauser, Festo, Azbil Corporation, Weidmüller and Omega Engineering among others.

Get Special Discount On this Research Report @ https://www.polarismarketresearch.com/industry-analysis/field-device-management-market/request-for-discount-pricing

Polaris Market research has segmented the field device management market report on the basis of offering, deployment, industry and region

Field Device Management Offering Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Hardware
  • Software

Field Device Management Deployment Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Cloud
  • On Premises

Field Device Management Communication Protocol Outlook (Revenue, USD Million, 2015 – 2026)

  • FOUNDATION Fieldbus
  • HART
  • PROFIBUS
  • PROFINET
  • Wireless Networking
  • Modbus
  • Others

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

 

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: [email protected]

Web: www.polarismarketresearch.com

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