Market Overview:
The global remote asset management market is expected to grow from USD 9.02 Billion in 2018 to USD 21.01 Billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of this market can be attributed to the increasing demand for smart and connected devices, rising concerns over safety and security of assets, and growing need for real-time monitoring and control of assets across different industries. Based on type, the global remote asset management market is segmented into solutions, platforms, and services. The solutions segment is expected to hold the largest share of the global remote asset management market in 2018.
Product Definition:
Remote Asset Management is the process of managing and monitoring assets that are not physically located within an organization's network infrastructure. This can include things like laptops, smartphones, and other devices that are used by employees while they are away from the office. By using a remote asset management solution, organizations can keep track of these devices and ensure that they are being properly utilized. Additionally, remote asset management can help to protect data security by ensuring that devices containing sensitive information remain locked down when not in use.
Solution:
Solution is the service or tool which helps in managing and tracking the assets of any business. It can be as simple as a mobile app to complex enterprise software that supports multiple platforms. The solution also helps in collecting data on these assets from various sources, analyzing it and then making necessary reports to manage the operations efficiently.
The Solution plays an important role in Asset lifecycle Management (ALM) since it forms an integral part of Business Processes Automation (BPA).
Platform:
Platform is the software which helps in connecting various devices including scanners, cameras, and other storage devices over a network. It also helps to transfer files between computers and mobile phones. The platform also provides an interface to access data from multiple sources such as webcams and digital video recorders remotely using a single program or console.
Application Insights:
The production monitoring segment is expected to witness significant growth over the forecast period. Production monitoring solutions help in tracking and controlling assets across various industries such as oil & gas, manufacturing, utilities, and others. The remote asset management helps in tracking and controlling equipment across different sites or facilities with a single system. It also provides real-time information on the status of the asset which helps improve overall plant efficiency by reducing downtime.
Utilities and smart grids are anticipated to emerge as one of the prominent application segments over the forecast period owing to its ability to automate power generation, transmission & distribution network operations for improving grid reliability, safety & efficiency along with substantial cost savings for utilities organizations.
Regional Analysis:
The North American regional market dominated the global industry in terms of revenue share in 2016. The growth can be attributed to the increasing adoption of RMM solutions by enterprises for asset management and business process automation. The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to increased spending on industrial automation and connected devices across various industries. Additionally, rising investments by governments for improving operational efficiency are anticipated to drive demand over the next eight years.
The European region accounted for a substantial share in 2016 as well owing to early adoption of RMM technology coupled with high IT investment budgets dedicated toward developing smart cities initiatives across countries such as Germany, France, Italy and U.K., among others).
Growth Factors:
- Increasing demand for remote asset management from various industrial sectors to improve operational efficiency and productivity.
- Proliferation of smart devices and the Internet of Things (IoT) is expected to create new opportunities for the remote asset management market.
- The increasing trend of outsourcing services is projected to drive the growth of the global remote asset management market during the forecast period.
- Growing awareness about benefits offered by remote asset management solutions among small and medium-sized businesses is anticipated to boost market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Remote Asset Management Market Research Report
By Type
Solution, Platform, Service
By Application
Building automation, Remote healthcare and wellness, Smart retail, Utilities and smart grids, Production monitoring, Connected logistics and fleet management, Connected agriculture, Others
By Companies
ABB, General Electric, PTC, Robert Bosch, Rockwell Automation, Schneider Electric, Cisco, Hitachi, Infosys, IBM, SAP, Verizon Communications, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Remote Asset Management Market Report Segments:
The global Remote Asset Management market is segmented on the basis of:
Types
Solution, Platform, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building automation, Remote healthcare and wellness, Smart retail, Utilities and smart grids, Production monitoring, Connected logistics and fleet management, Connected agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- General Electric
- PTC
- Robert Bosch
- Rockwell Automation
- Schneider Electric
- Cisco
- Hitachi
- Infosys
- IBM
- SAP
- Verizon Communications
- Siemens
Highlights of The Remote Asset Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solution
- Platform
- Service
- By Application:
- Building automation
- Remote healthcare and wellness
- Smart retail
- Utilities and smart grids
- Production monitoring
- Connected logistics and fleet management
- Connected agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Remote Asset Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Remote asset management (RAM) is a process of managing assets over a network, typically using software to automate the tasks of inventory, tracking, and reporting. RAM can be used for physical or digital assets.
Some of the key players operating in the remote asset management market are ABB, General Electric, PTC, Robert Bosch, Rockwell Automation, Schneider Electric, Cisco, Hitachi, Infosys, IBM, SAP, Verizon Communications, Siemens.
The remote asset management market is expected to register a CAGR of 12.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Remote Asset Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Remote Asset Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Remote Asset Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Remote Asset Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Remote Asset Management Market Size & Forecast, 2018-2028
4.5.1 Remote Asset Management Market Size and Y-o-Y Growth
4.5.2 Remote Asset Management Market Absolute $ Opportunity
Chapter 5 Global Remote Asset Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Remote Asset Management Market Size Forecast by Type
5.2.1 Solution
5.2.2 Platform
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Remote Asset Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Remote Asset Management Market Size Forecast by Applications
6.2.1 Building automation
6.2.2 Remote healthcare and wellness
6.2.3 Smart retail
6.2.4 Utilities and smart grids
6.2.5 Production monitoring
6.2.6 Connected logistics and fleet management
6.2.7 Connected agriculture
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Remote Asset Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Remote Asset Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Remote Asset Management Analysis and Forecast
9.1 Introduction
9.2 North America Remote Asset Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Remote Asset Management Market Size Forecast by Type
9.6.1 Solution
9.6.2 Platform
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Remote Asset Management Market Size Forecast by Applications
9.10.1 Building automation
9.10.2 Remote healthcare and wellness
9.10.3 Smart retail
9.10.4 Utilities and smart grids
9.10.5 Production monitoring
9.10.6 Connected logistics and fleet management
9.10.7 Connected agriculture
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Remote Asset Management Analysis and Forecast
10.1 Introduction
10.2 Europe Remote Asset Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Remote Asset Management Market Size Forecast by Type
10.6.1 Solution
10.6.2 Platform
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Remote Asset Management Market Size Forecast by Applications
10.10.1 Building automation
10.10.2 Remote healthcare and wellness
10.10.3 Smart retail
10.10.4 Utilities and smart grids
10.10.5 Production monitoring
10.10.6 Connected logistics and fleet management
10.10.7 Connected agriculture
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Remote Asset Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Remote Asset Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Remote Asset Management Market Size Forecast by Type
11.6.1 Solution
11.6.2 Platform
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Remote Asset Management Market Size Forecast by Applications
11.10.1 Building automation
11.10.2 Remote healthcare and wellness
11.10.3 Smart retail
11.10.4 Utilities and smart grids
11.10.5 Production monitoring
11.10.6 Connected logistics and fleet management
11.10.7 Connected agriculture
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Remote Asset Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Remote Asset Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Remote Asset Management Market Size Forecast by Type
12.6.1 Solution
12.6.2 Platform
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Remote Asset Management Market Size Forecast by Applications
12.10.1 Building automation
12.10.2 Remote healthcare and wellness
12.10.3 Smart retail
12.10.4 Utilities and smart grids
12.10.5 Production monitoring
12.10.6 Connected logistics and fleet management
12.10.7 Connected agriculture
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Remote Asset Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Remote Asset Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Remote Asset Management Market Size Forecast by Type
13.6.1 Solution
13.6.2 Platform
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Remote Asset Management Market Size Forecast by Applications
13.10.1 Building automation
13.10.2 Remote healthcare and wellness
13.10.3 Smart retail
13.10.4 Utilities and smart grids
13.10.5 Production monitoring
13.10.6 Connected logistics and fleet management
13.10.7 Connected agriculture
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Remote Asset Management Market: Competitive Dashboard
14.2 Global Remote Asset Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 General Electric
14.3.3 PTC
14.3.4 Robert Bosch
14.3.5 Rockwell Automation
14.3.6 Schneider Electric
14.3.7 Cisco
14.3.8 Hitachi
14.3.9 Infosys
14.3.10 IBM
14.3.11 SAP
14.3.12 Verizon Communications
14.3.13 Siemens
