Global Remote Asset Management Market – Industry Trends and Forecast to 2024

Market Analysis: Global Remote Asset Management Market

The Global Remote Asset Management Market accounted for USD 8.56 billion in 2016 growing at a CAGR of 25.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Remote Asset Management Market

The remote asset management helps in receiving and processing incoming data from fixed or mobile communications devices wherein the data is related to specific remote asset management applications. It also helps in real-time access and supports monitoring and diagnostics. The remote asset management helps in displaying all the maintenance related data in a proper interface so that better decisions can be taken. Growing usage of IOT and growth in real time monitoring are some of the factors boosting the growth of this market.

Major market drivers & restraints:

Growing Usage of IOT
Growth In Real Time Monitoring
Decline In The Cost of IOT Components
High Cost of Asset Management Solutions
Improvement In Operational Efficiency

Market Segmentation: Global Remote Asset Management Market

The global remote asset management market is segmented into solution, platform and service. Solution is further segmented into real-time location system, streaming analytics, predictive maintenance, surveillance and security, network bandwidth management, mobile workforce management and others. Predictive maintenance is sub segmented into asset condition monitoring and asset performance management.

On the basis of platform, the global remote asset management market is further segmented into device management, application management and connectivity management.

On the basis of service, the global remote asset management market is further segmented into professional services and managed services. Professional services are further sub segmented into consulting services, integration and deployment, support and maintenance services.

On the basis of application, the global remote asset management market is further segmented into building automation, remote healthcare & wellness, smart retail, utilities & smart grids, production monitoring, connected logistics & fleet management, connected agriculture and others.

On the basis of geography, global remote asset management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Remote Asset Management Market

The report for remote asset management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Remote Asset Management Market

Some of the major players of the global remote asset management market are Cisco Systems, Inc., IBM Corporation, SAP SE, Schneider Electric, Rockwell Automation, Inc., PTC, Infosys Limited, Hitachi, Ltd., AT&T Intellectual Property., Siemens AG, Rockwell Automation, Inc.,  RapidValue Solutions, Meridium, Bosch Software Innovations GmbH, Verizon among others.

Research Methodology: Global Remote Asset Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Remote Asset Management Market – Industry Trends and Forecast to 2024

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