Remote Asset Management Market
Global Remote Asset Management Market Size, Share & Trends Analysis Report by Component (Solutions and Services), by Deployment (Cloud-Based and On-Premises), and by Application (Manufacturing, Healthcare, Retail, Energy & Utilities, Transportation and Logistics, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global remote asset management market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. The real-time remote asset monitoring system can assist businesses to achieve focused targets by utilizing IoT technology. Sensors are added to the equipment for measuring pressure, temperature, and other important parameters. The increasing trend for IoT-based real-time monitoring is expected to propel the growth of the market during the forecast period. Rejig Digital provides IoT-based remote asset monitoring and management solution that can use the data fetched by these sensors to check whether the numbers obtained are above or below the set values. The company’s IoT-based technology helps other companies to take necessary action in real-time to avoid a major breakdown of the equipment or potential damage to the system.
Impact of COVID-19 Pandemic on Global Remote Asset Management Market
The COVID-19 pandemic had a global social disruption and business impact. Online business systems give you instant access and control over your data. The COVID-19 pandemic has further highlighted the importance of centralized asset management with mechanisms for powerful remote management and full transparency. With most of the industrial sectors in lockdown, cloud-based, centralized asset tracking provided unique avenues to continue the business.
Segmental Outlook
The global remote asset management market is segmented based on the component, deployment, and application. Based on the component, the market is bifurcated into solutions and services. The solutions segment is further segmented into predictive assets management, real-time location, security management, and others. The services segment is divided into professional and managed services. Based on the deployment, the market is sub-segmented into cloud-based and on-premises. Based on the application, the market is augmented into manufacturing, healthcare, retail, energy and utilities, transportation and logistics, and others including metal and mining, and building automation. The above-mentioned segments can be customized as per the requirements. Based on the deployment, the on-premise segment is expected to hold a considerable share in the market during the forecast period. To have total control over the security information about assets, the companies are deploying on-premises solutions which will contribute to the growth of the segment.
Global Remote Asset Management Market Share by Application, 2021 (%)
The Manufacturing Segment is Expected to Hold the Significant Share in the Global Remote Asset Management Market
Among the applications, the manufacturing segment is expected to hold a significant share in the market during the forecast period. Manufacturers now need zero-touch remote asset management capabilities to ensure efficient end-to-end asset management, early detection and remediation of issues, and root cause analysis. The companies are launching new solutions for manufacturers that will propel the growth of the market. For instance, in March 2022, Aptean, a global provider of mission-critical enterprise software solutions, announced the launch of Aptean EAM, an all-new, cloud-based enterprise asset management (EAM) solution for manufacturing and other businesses that depend on complex equipment to support the production. The new offering can scale from functioning as a standalone computerized maintenance management system (CMMS) to delivering advanced EAM functionality.
Regional Outlooks
The global remote asset management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe segment is expected to hold a prominent share in the market over the forecast period, owing to the increasing advancements in technology and infrastructure across the region.
Global Remote Asset Management Market Growth, by Region 2022-2028
The North America Region is Expected to Hold the Considerable Share in the Global Remote Asset Management Market
Among all regions, the North American region is expected to hold a considerable share in the growth of the market during the forecast period. The presence of major players and growing startups in the countries such as the US and Canada provide strong solutions to enterprises for remote asset management fueling the growth of the segment over the forecast period. Furthermore, the increasing adoption of technology along with advancements in proper internet infrastructure is further driving the growth of the market during the forecast period.
Market Players Outlook
The major companies serving the global remote asset management market include AT&T Inc., Bosch.io GmbH, Cisco Systems, Inc., General Electric Co., Hitachi, Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Panasonic introduced the industrial IoT platform Miraie Profactory for the Indian manufacturing sector. The solution uses new-age technologies such as cloud, IoT, analytics, and mobile app, amongst others, to manage end-to-end operations for enhanced production efficiency, quality, identifying issues, and reduced downtime. Furthermore, to support Indian manufacturers in digitizing factory operations, Panasonic India has rolled out an Industrial IoT platform, in 2020.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global remote asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Remote Asset Management Market
• Recovery Scenario of Global Remote Asset Management Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Remote Asset Management Market by Component
4.1.1. Solutions
4.1.1.1. Predictive Asset Management
4.1.1.2. Real-Time Location
4.1.1.3. Security Management
4.1.1.4. Others
4.1.2. Services
4.1.2.1. Professional
4.1.2.2. Managed
4.2. Global Remote Asset Management Market by Deployment
4.2.1. Cloud-Based
4.2.2. On-Premise
4.3. Global Remote Asset Management Market by Application
4.3.1. Manufacturing
4.3.2. Healthcare
4.3.3. Retail
4.3.4. Energy and Utilities
4.3.5. Transportation and Logistics
4.3.6. Others (Metal and Mining, Building Automation)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accruent
6.2. AT&T Inc.
6.3. Bosch.io GmbH
6.4. Cisco Systems, Inc.
6.5. General Electric Co.
6.6. Hitachi, Ltd.
6.7. Infosys Ltd.?
6.8. International Business Machine Corp.
6.9. PTC Inc.
6.10. Rockwell Automation, Inc.
6.11. Roamworks Trading LLC
6.12. RCS Technologies
6.13. SAP SE
6.14. Schneider Electric SE
6.15. Siemens AG
6.16. Verizon Communications, Inc.
1. GLOBAL REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SOLUTIONS FOR REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SERVICES FOR REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL REMOTE ASSET MANAGEMENT FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL REMOTE ASSET MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL REMOTE ASSET MANAGEMENT FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL REMOTE ASSET MANAGEMENT FOR ENERGY & UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL REMOTE ASSET MANAGEMENT FOR TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL REMOTE ASSET MANAGEMENT FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
17. NORTH AMERICAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
18. NORTH AMERICAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
21. EUROPEAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
22. EUROPEAN REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
29. REST OF THE WORLD REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
30. REST OF THE WORLD REMOTE ASSET MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL REMOTE ASSET MANAGEMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL REMOTE ASSET MANAGEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL REMOTE ASSET MANAGEMENT MARKET, 2022-2028 (%)
4. GLOBAL REMOTE ASSET MANAGEMENT MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5. GLOBAL SOLUTIONS FOR REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL REMOTE PREDICTIVE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL REMOTE REAL-TIME LOCATION ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL REMOTE SECURITY ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL OTHER REMOTE ASSET MANAGEMENT SOLUTIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL SERVICES FOR REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL PROFESSIONAL SERVICES FOR REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL MANAGED SERVICES FOR REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL REMOTE ASSET MANAGEMENT MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
14. GLOBAL CLOUD-BASED REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL ON-PREMISES REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL REMOTE ASSET MANAGEMENT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
17. GLOBAL REMOTE ASSET MANAGEMENT FOR MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL REMOTE ASSET MANAGEMENT FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL REMOTE ASSET MANAGEMENT FOR RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL REMOTE ASSET MANAGEMENT FOR ENERGY & UTILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL REMOTE ASSET MANAGEMENT FOR TRANSPORTATION & LOGISTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL REMOTE ASSET MANAGEMENT FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL REMOTE ASSET MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. US REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. CANADA REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. UK REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. FRANCE REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. GERMANY REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. ITALY REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. SPAIN REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF EUROPE REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. INDIA REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
33. CHINA REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
34. JAPAN REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
35. SOUTH KOREA REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF ASIA-PACIFIC REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD REMOTE ASSET MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
