Remote Asset Management Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Future Market Insights

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Advancement of sensor technology, cloud technology and advanced wireless technologies have been created new opportunities in the market. As everyone knows that many enterprises are seeking for new innovative solutions to reduce their operational cost and increase ROI. Enterprises need to understand that which are impacting on reduce operational cost. Therefore, most of the enterprises are moving towards remote asset management solution to reduce their operational expenses.

Remote asset management, which involves a remote server designed to receive and process incoming data from fixed or mobile communications devices wherein the data is related to specific remote asset management applications. Remote asset management aids in assettracking, monitoring and managing organization’s asset in real-time for effective utilization, predictive maintenance, and cost-effective operation resulting in better returns. Remote asset management gathers information related to assets from sensors applied to devices. Remote asset managementincludes sensors and microprocessors fixed in the remote asset and a communications component that collects and transfers data to central management systems.

Internet Protocol technology is the latest technology applied in remote asset management in the industrial sector which helps in reducing costs and complication of monitoring remote operations.

Remote Asset Management Market: Market Dynamics

Increasing IoT adoption for effective asset management, intelligent infrastructure, real-time monitoring of assets creates opportunities for remote asset management market

Real-time data connectivity owing to adoption of sensor technology increase the demand for remote asset management solution s and reduced operational cost due to innovative solutions major factors which boost the demand for remote asset management solution in the market.

It is begin observed that most of the enterprises are facing security threats and fault recovery issues while adopting remote asset management solution therefore the demand for remote asset management solution has been declined.

Global Remote Asset Management Market: Market Segmentation

Segmentation Overview

Remote Asset Management market segmented based on communication type, application, end-use industries, and region.

Segmentation by communication type in Remote Asset Management market:

  • Fixed communication

  • Mobile communication

Segmentation by application in Remote Asset Management market:

  • Predictive maintenance

  • Building automation

  • Production monitoring

  • Vehicle tracking

  • Analytics

  • Performance management

  • Remote programming of consumer devices

  • Air conditioner monitoring

Segmentation by end-user industries in Remote Asset Management market:

  • Logistics

  • Mining

  • Government

  • Fisheries

  • Healthcare

  • Oil & gas

  • Utilities

  • BFSI

  • Manufacturing

  • Retail & consumer goods

  • Automobiles

  • Information technology

  • Telecommunication

Global Remote Asset Management Market: Competition Landscape

Few prominent players in Remote Asset Management market include AT&T Inc., Ascent Intellimation Pvt. Ltd, IBM Corporation, SAP SE, Rockwell Automation, Inc.,Cisco Systems, Inc., SuccorfishM2M Ltd, Bosch Software Innovations GMBH, Hitachi, Ltd., Meridium, Inc., Schneider Electric SE, Siemens, Infosys Limited, Northbit GmbH, Verizon Communications, Inc. and Vodafone Group PLC.

 Remote Asset Management Market: Regional Outlook

North America is estimated to dominate the remote asset management market owing to technological advancements due to robust internet infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the remote asset management market. APEJ is projected to grow at the highest CAGR during the forecast period followed by Western Europe in remote asset management market owing to the greater adoption of IoT technology in remote asset tracking in this region. 

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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