Field Device Management Market To Reach $2.70 Billion By 2030

Field Device Management Market Growth & Trends

The global field device management market size is estimated to reach USD 2.70 billion by 2030, registering a CAGR of 6.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Field device management allows the user to configure, commission, maintain, and diagnose the field devices remotely with a secure and user-friendly centralized access. It helps in providing all the information and real-time status of the concerned equipment and eliminates the need for multiple software tools. Due to its centralized equipment procurement with improved security, it is highly demanded in the development of industry 4.0 and smart factories. With the emergence of IoT and digitalization, the development of industry 4.0 has been boosted significantly, which directly fuels the growth of the market.

With the increasing awareness for industry 4.0, field device management has become an essential segment considerably since it helps to improve the lifecycle management and multi-platform support. In addition, it provides wireless expense management, which reduces operational and maintenance costs. With the surge in industrial automation and smart factories, FDM is being adopted rapidly in mobile equipment management solutions. It provides centralized control and monitoring of the device fleet in a warehouse environment or any distribution center, which is one of the major factors influencing the market’s growth in the world of distributed systems.

Since FDM lays the foundation for deployment and management of mobile equipment and applications remotely, it provides business mobility to the organizations to drive high productivity. The required automation efficiency fuels the demand for FDM in automation tasks, which include automated cost management and invoicing, installation of a large CNC machine, among many other tasks. The increasing investments for IIoT solutions development by automation companies have come up with an opportunity for the market to grow effectively. The manufacturers’ focus shift towards reducing the operational and maintenance costs along with providing highly effective mobile device management solutions is driving the market’s growth directly.

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Field Device Management Market Report Highlights

• Considerable surge in industry 4.0 and smart factories development will create wide potential for manufacturers in the market

• Based on offering, the hardware segment held the largest revenue share of 62.7% in 2024 and is expected to maintain its position in the coming years

• In 2024, the on-premise segment accounted for a larger revenue share in the global market.

• By industry, the process industry segment accounted for the largest revenue share in 2024 and is further expected to advance at the fastest CAGR during the forecast period.

Field Device Management Market Segmentation

Grand View Research has segmented the global field device management market based on offering, deployment, industry, and region:

Field Device Management Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

Field Device Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud

• On-premise

Field Device Management  Industry Outlook (Revenue, USD Million, 2017 - 2030)

• Discrete Industry

  • Manufacturing

  • Automotive

  • Aerospace & Defense

• Process Industry

  • Energy & Utilities

  • Metals & Mining

  • Oil & Gas

  • Food & Beverages

  • Chemicals

  • Pharmaceuticals

  • Others

Field Device Management  Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Field Device Management Market

• ABB

• Emerson Electric Co.

• Siemens

• Honeywell International Inc.

• Rockwell Automation

• Yokogawa Electric Corporation

• OMRON Corporation

• Mitsubishi Electric Corporation

• FANUC CORPORATION

• Metso

• Valmet

• Schneider Electric

• Azbil Corporation

• Hamilton Company

• Phoenix Contact