Research Methodology – Field Device Management Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Field Device Management Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Field Device Management Market is developed by integrating key market indicators and macroeconomic variables. These include:
1) Factors considered while calculating market size and share
- Current market value of different field device management products across regions
- Revenue generation of key market players
- Number of field device manufacturers and their production capacities
- Market penetration of field devices in various industries
- Unsold inventory levels in the field device market
- Technological advancements in field device management
- Future trends in the field device market
- Estimated growth rate
- Consumer behaviour and purchasing trends
2) Key Market Indicators
- Annual sales of field devices
- Market share of top manufacturers
- Growth rate of field device management market
- Market penetration rates in different regions
- Changes in market size over recent periods
- CAGR of the field device management market
3) Growth Trends
- Increasing adoption of automation and IoT in industries
- Integration of AI and machine learning in field device management
- Growth in industries such as oil & gas, power generation and chemical which use field device management extensively
- Increasing demand for predictive maintenance
- Shift towards wireless technology in field device management
- Increasing venture capital investments in the field device management industry
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Field Device Management Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Field Device Management Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Our Clients:
