Field Device Management Market Is Witnessing
High Growth Of $1.97 Billion By 2025
The Global Field Device Management Market Report offers details on current and future growth trends pertaining to
the business besides information on numerous regions across the geographical landscape of the Field device
management Market. The study includes global, regional, and country-level market size, shares, growth rate analysis
(include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19
Field device management Market Research Methodology overview consists of primary and secondary research,
company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e.
Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling.
Comprehensive analysis of Field device management Market based on current & future analysis depending on historic
data also featured in this Report.
The global field device management market size is estimated to reach USD 1.97 billion, by 2025 and is projected to grow
at the CAGR of 6.8% over the forecast period, from 2019 to 2025. Field device solutions allow the consumer to access
remotely to maintain diagnose, configure and commission filed devices. Centralized access helps to monitor real-time
data of equipment. Due to these benefits filed device management solutions have great demand from smart factories
and industry 4.0. In addition, the growing trend of digitalization and IoT is projected to foster market growth.
These solutions help in enhancing product lifecycle management and along with rising industry 4.0 awareness, the
market is expected to bolster the growth of filed devices solutions. Moreover, it also offers wireless expense solutions
which help in lowering the maintenance & operational cost. Additionally, smart factories and industrial automation is
increasing demand for FDM sol