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Field Device Management Market Size To Reach $1.97 Billion By 2025, Based On Latest Trends of Digitalization & IoT


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FELTON, Calif., Jan. 25, 2021 /PRNewswire/ 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, according to a new report by Million Insights. 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. ....

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