Market Overview:
The global remote monitoring solution market is expected to grow from USD 9.02 billion in 2018 to USD 16.48 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for remote monitoring solutions across different industries and regions, and the need for enhanced security and safety measures. Based on type, the global remote monitoring solution market is segmented into software-based solution, software and hardware solution, and other types. The software-based solution segment is expected to hold the largest share of the global remote monitoring solution market in 2018 owing to its low cost and easy installation as compared with hardware-based solutions.
Product Definition:
A Remote Monitoring Solution is a technology that allows you to remotely monitor and manage your IT infrastructure and devices. It provides you with the ability to view system information, performance data, and event logs from a central location, allowing you to detect and resolve issues before they become problems.
Software-based Solution:
Software-based solutions are those that run on the software platform. These solutions are based on computer programs and algorithms, which facilitate data collection, storage, analysis and display of information. Software-based solution is used in remote monitoring solution for collecting performance metrics of enterprise systems such as servers, applications etc., to monitor their functioning at a specified interval using predefined rules or formulas. The information gathered through this process is then transmitted to the user via a network (usually internet) for further processing.
Software and Hardware Solution:
Software and hardware solution is used in remote monitoring solution for the purpose of collecting data from different devices located at a distance and transferring it to the system where it can be analyzed. The software solutions are mainly used for data collection whereas hardware is used to transfer collected data over a network.
Advantages of using Software & Hardware Solution: It reduces cost, time & complexity involved in designing, deploying and managing real-time information systems.
Application Insights:
The network security application segment dominated the global remote monitoring solution market in 2017. This is attributed to the increasing number of cyber-attacks globally and consequently, growing demand for robust security solutions. Furthermore, governments around the world are taking numerous initiatives to secure their digital infrastructure and this is likely to propel growth over the forecast period.
The equipment and systems segment accounted for a significant share of revenue in 2017 owing to an increase in industrial automation across various industries such as oil & gas, manufacturing, etc. Moreover, rising adoption of IoT has created new opportunities for MRO providers that offer advanced monitoring solutions with enhanced visibility into asset health & performance data from devices connected via Industrial Internet of Things (IIoT).
Other applications include government/public sector remote monitoring; commercial remote maintenance services; consumer electronics repair shops; automotive service centers; etc.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of service providers and remote monitoring solution vendors in this region. Moreover, increasing demand for network security solutions due to rising cybercrimes has fueled the regional market growth. Asia Pacific is expected to witness significant growth over the forecast period owing to increased government spending on infrastructure development and growing awareness about advanced technologies such as remote monitoring system among healthcare professionals in this region.
Moreover, rapid technological advancements coupled with expansion plans adopted by several governments are boosting industry revenue across countries like China and India which are majorly driving demand from Asia Pacific region.
Growth Factors:
- Increasing demand for remote monitoring solutions from various industry verticals to manage and monitor their critical infrastructure and operations.
- Proliferation of smart devices and the Internet of Things (IoT) is expected to drive the demand for remote monitoring solutions in the coming years.
- The increasing need for real-time information and better decision-making is also propelling the growth of the market for remote monitoring solutions.
- Growing concerns over safety, security, and compliance are also fueling the adoption of remote monitoring solutions worldwide.
- The decreasing cost of sensors, communication technologies, storage devices, and analytics is making it feasible for organizations to deploy remote monitoring solutions at a lower cost
Scope Of The Report
Report Attributes
Report Details
Report Title
Remote Monitoring Solution Market Research Report
By Type
Software-based Solution, Software and Hardware Solution, Other
By Application
Network Security, Monitoring Equipment and Systems, Other
By Companies
AppNeta, Qualitrol, Trimble, Autotask Solutions, Avast, ClearCenter, Comodo, Continuum Managed Services, Kaseya, LogicMonitor
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Remote Monitoring Solution Market Report Segments:
The global Remote Monitoring Solution market is segmented on the basis of:
Types
Software-based Solution, Software and Hardware Solution, Other
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
Network Security, Monitoring Equipment and Systems, Other
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:
- AppNeta
- Qualitrol
- Trimble
- Autotask Solutions
- Avast
- ClearCenter
- Comodo
- Continuum Managed Services
- Kaseya
- LogicMonitor
Highlights of The Remote Monitoring Solution 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:
- Software-based Solution
- Software and Hardware Solution
- Other
- By Application:
- Network Security
- Monitoring Equipment and Systems
- Other
- 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 Monitoring Solution 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?
A remote monitoring solution is a software or hardware system that allows administrators to remotely monitor and manage systems. Remote monitoring solutions can be used to monitor servers, desktops, laptops, mobile devices, and other network-connected resources.
Some of the major companies in the remote monitoring solution market are AppNeta, Qualitrol, Trimble, Autotask Solutions, Avast, ClearCenter, Comodo, Continuum Managed Services, Kaseya, LogicMonitor.
The remote monitoring solution market is expected to register a CAGR of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Remote Monitoring Solution 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 Monitoring Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Remote Monitoring Solution 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 Monitoring Solution 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 Monitoring Solution Market Size & Forecast, 2018-2028
4.5.1 Remote Monitoring Solution Market Size and Y-o-Y Growth
4.5.2 Remote Monitoring Solution Market Absolute $ Opportunity
Chapter 5 Global Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
5.2.1 Software-based Solution
5.2.2 Software and Hardware Solution
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Applications
6.2.1 Network Security
6.2.2 Monitoring Equipment and Systems
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Remote Monitoring Solution 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 Monitoring Solution 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 Monitoring Solution Analysis and Forecast
9.1 Introduction
9.2 North America Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
9.6.1 Software-based Solution
9.6.2 Software and Hardware Solution
9.6.3 Other
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 Monitoring Solution Market Size Forecast by Applications
9.10.1 Network Security
9.10.2 Monitoring Equipment and Systems
9.10.3 Other
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 Monitoring Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
10.6.1 Software-based Solution
10.6.2 Software and Hardware Solution
10.6.3 Other
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 Monitoring Solution Market Size Forecast by Applications
10.10.1 Network Security
10.10.2 Monitoring Equipment and Systems
10.10.3 Other
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 Monitoring Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
11.6.1 Software-based Solution
11.6.2 Software and Hardware Solution
11.6.3 Other
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 Monitoring Solution Market Size Forecast by Applications
11.10.1 Network Security
11.10.2 Monitoring Equipment and Systems
11.10.3 Other
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 Monitoring Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
12.6.1 Software-based Solution
12.6.2 Software and Hardware Solution
12.6.3 Other
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 Monitoring Solution Market Size Forecast by Applications
12.10.1 Network Security
12.10.2 Monitoring Equipment and Systems
12.10.3 Other
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 Monitoring Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Remote Monitoring Solution 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 Monitoring Solution Market Size Forecast by Type
13.6.1 Software-based Solution
13.6.2 Software and Hardware Solution
13.6.3 Other
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 Monitoring Solution Market Size Forecast by Applications
13.10.1 Network Security
13.10.2 Monitoring Equipment and Systems
13.10.3 Other
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 Monitoring Solution Market: Competitive Dashboard
14.2 Global Remote Monitoring Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AppNeta
14.3.2 Qualitrol
14.3.3 Trimble
14.3.4 Autotask Solutions
14.3.5 Avast
14.3.6 ClearCenter
14.3.7 Comodo
14.3.8 Continuum Managed Services
14.3.9 Kaseya
14.3.10 LogicMonitor
