Artificial Intelligence
The Global Field Device Management Market size is expected to reach $2 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period
New York, Jan. 14, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Field Device Management Market (2019-2025)” – https://www.reportlinker.com/p05838698/?utm_source=GNW
It is highly demanded in the development of industry 4.0 and smart factories due to its centralized procurement of equipment with enhanced security. With the advent of IoT and digitalization, Industry 4.0’s progress has been significantly enhanced, directly driving market growth.
The major factor driving the growth of this FDM market is the notable change from conventional technology to automated and smart technologies. The digitalization introduced on the entire product lifecycle helps companies to develop products faster and to introduce devices that are enabled by smart technology. Increasing penetration of smart factory and deployment of Industry 4.0 and IoT in several verticals has opened up a tremendous opportunity for the FDM industry, as automotive and manufacturing industries need FDM solutions because of mass production. In order to reduce operating and maintenance costs, mass production contributes to the need for field device management systems.
Based on Industry, the market is segmented into Process Industries and Discrete Industry. The process industries are accounting for the highest market share due to the advent of big data and industry 4.0 opportunities. Because process industries need essential monitoring and control systems, for process industries, many smart field devices and sensors have been introduced. Process industries segment is further segmented into Energy & Utilities, Oil & Gas, Metals & Mining, Chemicals & Pharmaceuticals, Food & Beverages and Others. Discrete Industry is further bifurcated into Automotive, Manufacturing and Aerospace & Defense. Based on Offering, the market is segmented into Software and Hardware. Based on Deployment Type, the market is segmented into On Premise and Cloud.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Due to North America’s leading industrial automation industry, North America’s field device management market accounted for a significant market share. The region of North America is characterized by a large number of populations with expanded buying power and constant automation investments. It is predicted that the APAC region will have the highest CAGR in the future. Growing infrastructural investments in the energy and power industries due to increased demand for electricity; increasing demand in the food and beverages and oil and gas industries due to the massive population; and steady growth in industrial automation due to rapid industrialization and favorable government regulations are key factors driving market growth in the APAC region.
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Honeywell International, Inc. and Siemens AG are some of the forerunners in the Field Device Management Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Yokogawa Electric Corporation, Siemens AG, Emerson Electric Co., Honeywell International, Inc., ABB Group, Schneider Electric SE, Rockwell Automation, Inc., Omron Corporation, Mitsubishi Electric Corporation and Azbil Corporation.
Recent strategies deployed in Field Device Management Market
Partnerships, Collaborations, and Agreements:
Nov-2019: Yokogawa Electric teamed up with MetaMoJi Corporation for jointly developing the SensPlus Note, an easy to implement and low cost solution for digitization of plant data on mobile devices. This solution is aimed at improving the quality and efficiency of maintenance works and the precision of post-maintenance analysis through enabling the data from plant field work to be used more efficiently.
Sep-2019: Emerson signed partnership agreement with Cisco for introducing next-generation industrial wireless networking solution, which transforms the data management for the improvement of safety, plant productivity, and reliability. The new solution, Emerson Wireless 1410S Gateway with Cisco Catalyst® IW6300 Heavy Duty Series Access Point integrates the latest in wireless technology with advanced WirelessHART® sensor technology. This delivers highly secure and reliable data in the harshest industrial environments.
Aug-2019: ABB announced that it has been selected by Sappi, a producer of dissolving wood pulp. In this agreement, ABB supplies procurement, engineering, and construction for control, electrical, and instrumentation portion of a project in South Africa. This is the first paper and pulp project that uses the single channel, Ethernet-based Select IO.
Jun-2019: ABB signed an agreement with HPE on wireless connectivity for the large industrial customers in which the ABB sensors attached to industrial equipment are connected to the cloud via HPE gateways. This integration offers the industrial companies the chance for predictive maintenance and to run condition monitoring on their pumps, bearings, motors, and other industrial components.
May-2019: Honeywell teamed up with Ouman, the leader in producing HVAC controllers. The collaboration is aimed at accelerating the sales of field devices in Baltics and Nordics. It also focused towards their co-operation in HVAC technologies.
May-2019: ABB teamed up with Kemira for digitalization of water treatment process. This would be done through integrating ABB’s integrated automation solutions, critical field and plant components with Kemira’s strong chemistry and smart process optimization expertise in municipal and industrial water treatment. This improves the efficiency and performance of operations.
Mar-2019: Siemens came into partnership with Litmus Automation, an Industrial Internet of Things (IIoT) platform provider. In this partnership, Litmus joined the MindSphere Partner Program, the Siemens partner program for Industrial IoT solutions and technology providers. This partnership allows Siemens to bring the powerful edge computing to MindSphere ecosystem in order to improve the customers’ ability in gathering valuable data from edge.
Mar-2019: Emerson partnered with Repsol, an energy company. The partnership allows Repsol and Emerson to produce commercially available software products for license for helping the services and oil field operator companies.
Feb-2019: Rockwell Automation signed an agreement with Schlumberger, a leading provider of technologies for oil and gas industry. They both agreed to establish a joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. The JV helps the customers driving efficiency gains through measurement and data driven intelligent automation.
Jan-2019: Omron teamed up with Aegis Software, a provider of Manufacturing Execution Software (MES). In this collaboration, Aegis’ FactoryLogix MES platform is integrated with Omron Inspection Systems’ complete suite of award-winning SPI (Solder Paste Inspection) and AOI (Automated Optical Inspection) systems. This integration offers Omron customers with an enhanced automated method for the identification and collection of manufacturing defect data and improved quality control while inspection.
Acquisition and Mergers:
Jul-2019: Emerson acquired Zedi’s software and automation businesses. Zedi’s technology allows the customers in monitoring thousands of devices and applications and more than 2 million sensors. The addition of Zedi’s cloud supervisory control and data acquisition (SCADA) platform enables Emerson to help oil and gas producers in lowering the operating costs and increase production through cloud-based control, monitoring, and optimization.
Jun-2019: Mitsubishi Electric announced that it has acquired Iconics, Inc. for establishing a software center of excellence and strengthens its software portfolio. Iconics software has been used in SCADA, mobile, HMI, analytics, IoT, and cloud applications.
Dec-2018: Emerson took over iSolutions, Inc., a consulting group with the expertise implementing and designing data management solutions. The acquisition accelerates the delivery of Emerson’s new digital transformation roadmap through adding the proven skillsets in information technology. iSolutions offers decision-support tools to organizations for making data-driven production and operational decisions based on analysis of real-time insights from integrated field and plant systems.
Jul-2017: Yokogawa Electric acquired TechInvent2 AS, an enterprise that holds the rights to FluidCom, a chemical injection metering valve. The acquisition bolsters Yokogawa’s capabilities in improving operational efficiency, enhances health, reduction in operational costs, and enhances the safety and environment.
Geographical Expansions:
Aug-2019: Azbil opened a new production unit at its main factory near Shonan city in Japan. This new production unit would be the part of ’mother factory’. This new unit is aimed at consolidating the domestic factories in order to create and advanced production network, which brings humans, machines, and processes together.
Jul-2018: Azbil expanded its reach to Asia by opening a new strategic planning and development office in Singapore. This new office has been opened for expanding its business through introducing advanced business models such as ’Energy Management’ business.
Product Launches and Product Expansions:
Dec-2019: Siemens has launched Simatic ET 200eco PN, a new generation of machine-level block I/O devices. The new I/O family with IP65/67 degree of protection includes an IO-Link master device and five digital I/O devices and provides the users a complete range of new functions for modern machine concepts and requirements.
Sep-2019: Schneider Electric introduced new IIoT-based products for water industry. These products include EcoStruxure Pumping Performance Advisor, EcoStruxure Hybrid DCS, and EcoStruxure Augmented Operator Advisor for PROficient Premier Access Portal. These new products offer greater operational insights and process data.
Apr-2019: Rockwell Automation unveiled FactoryTalk Analytics LogixAI module that uses artificial intelligence for detecting the anomalies in production and alerts the workers. This helps the workers in making better production decisions.
Mar-2019: ABB introduced novel Distributed Control System (DCS) 800xA 6.1 that offers additional high integrity controllers, Ethernet I/O solutions, and several engineering tools. The hardware footprint and testing efforts has been reduced remarkably through this new system. Also, the standardized cabinets-which are pretested can be connected directly into field devices and eliminates the requirements for physical marshaling cabinets.
Mar-2019: ABB released Ability™ Wellhead Manager, a new system for the optimization of oil and gas operations worldwide. This system can gain insights about their production assets anywhere in the world. The system supports better decision making, with the field production data gathered and visualized digitally with the use of progressive web applications.
Feb-2019: Siemens introduced PDM Maintenance Station V3.0, a tool that efficiently monitors the condition of smart field devices irrespective of the control systems or the automation systems used. It is a universal, non-proprietary tool for parameterization, configuration, monitoring, and commissioning of smart field devices.
Feb-2019: Emerson announced the launch of AMS Device Manager, plant asset management software. This software improves the plant reliability through organized data for informed and proactive management of field devices. This software’s enhanced bulk transfer offers the tools to configure whole system automatically.
Feb-2019: ABB announced the launch of new ABB Ability e-mesh solution; a new solution provides an integrated single and unified view of their distributed energy resources to the power grid operators. The solution enables the industries, utilities, independent power producers, and operators for making faster, smarter, and more effective decisions by controlling and monitoring their sites and fleets remotely.
Feb-2019: Mitsubishi extended its MELIPC series of industrial PCs for control applications and edge computing with the launch of two new MI3000 units. These units’ offers scalability and flexibility for enabling the optimal system design for wide range of applications.
Jan-2019: Yokogawa launched FieldMate Version 3.0, a PC/Tablet based-configuration tool. This tool enables the users in performing initial instrumentation equipment setups, troubleshooting, daily maintenance, and historical record keeping. This tool features integrated communication paths for the process automation protocols such as FOUNDATION fieldbus, PROFIBUS, ISA100.11a wireless, HART, Modbus, and Yokogawa’s proprietary BRAIN protocol.
Scope of the Study
Market Segmentation:
By Industry
• Process Industries
o Energy & Utilities
o Oil & Gas
o Metals & Mining
o Chemicals & Pharmaceuticals
o Food & Beverages
o Others
• Discrete Industry
o Automotive
o Manufacturing
o Aerospace & Defense
By Offering
• Software
• Hardware
By Deployment Type
• On Premise
• Cloud
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Yokogawa Electric Corporation
• Siemens AG
• Emerson Electric Co.
• Honeywell International, Inc.
• ABB Group
• Schneider Electric SE
• Rockwell Automation, Inc.
• Omron Corporation
• Mitsubishi Electric Corporation
• Azbil Corporation
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
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“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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