The remote asset management allows remote monitoring and maintenance of assets, machines, and systems for organizations across different industries. The implementation of remote asset management solutions assists enterprises in enhancing operational efficiency due to preventive and predictive maintenance. The adoption of remote asset management solutions helps increase overall equipment efficiency resulting in improved control and management of assets. The enterprises have embraced remote asset management to expand remote authorization of assets and reduce maintenance costs.
MARKET DYNAMICS
The increase in adoption of IoT paving the way for efficient asset management, increasing demand for connected devices, and affordability of cloud computing services are some of the major factors driving the growth of the remote asset management market. Moreover, decreasing the cost of IoT components, resulting in cost-effective remote asset management solution deployment, is anticipated to boost the growth of the remote asset management market.
MARKET SCOPE
The "Global Remote Asset Management Market Analysis to 2031" is a specialized and in-depth study of the remote asset management market with a special focus on the global market trend analysis. The report aims to provide an overview of remote asset management market with detailed market segmentation by component, application. The global remote asset management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading remote asset management market players and offers key trends and opportunities in the remote asset management market.
MARKET SEGMENTATION
The global remote asset management market is segmented on the basis of component, application. On the basis of component, the market is segmented as solution, platform, service. On the basis of application, the market is segmented as building automation, remote healthcare and wellness, smart retail, utilities and smart grids, production monitoring, connected logistics and fleet management, connected agriculture, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global remote asset management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The remote asset management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting remote asset management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the remote asset management market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global remote asset management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The remote asset management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting remote asset management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the remote asset management market in these regions.
MARKET PLAYERS
The reports cover key developments in the remote asset management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from remote asset management market are anticipated to lucrative growth opportunities in the future with the rising demand for remote asset management market. Below mentioned is the list of few companies engaged in the remote asset management market.
The report also includes the profiles of key remote asset management market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AT&T Inc.
- Cisco Systems, Inc
- Hitachi, Ltd.
- IBM
- Infosys Limited
- PTC Inc.
- Rockwell Automation, Inc.
- SAP SE
- Schneider Electric
- Verizon Communications Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Remote Asset Management Market - By Component
1.3.2 Remote Asset Management Market - By Application
1.3.3 Remote Asset Management Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REMOTE ASSET MANAGEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. REMOTE ASSET MANAGEMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. REMOTE ASSET MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. REMOTE ASSET MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. REMOTE ASSET MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REMOTE ASSET MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.3.3. Real-time Location Tracking Market
7.3.3.1. Overview
7.3.3.2. Real-time Location Tracking Market Forecast and Analysis
7.3.4. Streaming Analytics Market
7.3.4.1. Overview
7.3.4.2. Streaming Analytics Market Forecast and Analysis
7.3.5. Asset Condition Monitoring Market
7.3.5.1. Overview
7.3.5.2. Asset Condition Monitoring Market Forecast and Analysis
7.3.6. Predictive Maintenance Market
7.3.6.1. Overview
7.3.6.2. Predictive Maintenance Market Forecast and Analysis
7.3.7. Surveillance and Security Network Market
7.3.7.1. Overview
7.3.7.2. Surveillance and Security Network Market Forecast and Analysis
7.3.8. Bandwidth Management Market
7.3.8.1. Overview
7.3.8.2. Bandwidth Management Market Forecast and Analysis
7.3.9. Asset Performance Management Market
7.3.9.1. Overview
7.3.9.2. Asset Performance Management Market Forecast and Analysis
7.3.10. Others Market
7.3.10.1. Overview
7.3.10.2. Others Market Forecast and Analysis
7.4. PLATFORM
7.4.1. Overview
7.4.2. Platform Market Forecast and Analysis
7.4.3. Application Management Market
7.4.3.1. Overview
7.4.3.2. Application Management Market Forecast and Analysis
7.4.4. Device Management Market
7.4.4.1. Overview
7.4.4.2. Device Management Market Forecast and Analysis
7.4.5. Connectivity Management Market
7.4.5.1. Overview
7.4.5.2. Connectivity Management Market Forecast and Analysis
7.5. SERVICE
7.5.1. Overview
7.5.2. Service Market Forecast and Analysis
7.5.3. Professional Services Market
7.5.3.1. Overview
7.5.3.2. Professional Services Market Forecast and Analysis
7.5.4. Managed Services Market
7.5.4.1. Overview
7.5.4.2. Managed Services Market Forecast and Analysis
8. REMOTE ASSET MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AUTOMATION
8.3.1. Overview
8.3.2. Building Automation Market Forecast and Analysis
8.4. REMOTE HEALTHCARE AND WELLNESS
8.4.1. Overview
8.4.2. Remote Healthcare and Wellness Market Forecast and Analysis
8.5. SMART RETAIL
8.5.1. Overview
8.5.2. Smart Retail Market Forecast and Analysis
8.6. UTILITIES AND SMART GRIDS
8.6.1. Overview
8.6.2. Utilities and Smart Grids Market Forecast and Analysis
8.7. PRODUCTION MONITORING
8.7.1. Overview
8.7.2. Production Monitoring Market Forecast and Analysis
8.8. CONNECTED LOGISTICS AND FLEET MANAGEMENT
8.8.1. Overview
8.8.2. Connected Logistics and Fleet Management Market Forecast and Analysis
8.9. CONNECTED AGRICULTURE
8.9.1. Overview
8.9.2. Connected Agriculture Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. REMOTE ASSET MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Remote Asset Management Market Overview
9.1.2 North America Remote Asset Management Market Forecasts and Analysis
9.1.3 North America Remote Asset Management Market Forecasts and Analysis - By Component
9.1.4 North America Remote Asset Management Market Forecasts and Analysis - By Application
9.1.5 North America Remote Asset Management Market Forecasts and Analysis - By Countries
9.1.5.1 United States Remote Asset Management Market
9.1.5.1.1 United States Remote Asset Management Market by Component
9.1.5.1.2 United States Remote Asset Management Market by Application
9.1.5.2 Canada Remote Asset Management Market
9.1.5.2.1 Canada Remote Asset Management Market by Component
9.1.5.2.2 Canada Remote Asset Management Market by Application
9.1.5.3 Mexico Remote Asset Management Market
9.1.5.3.1 Mexico Remote Asset Management Market by Component
9.1.5.3.2 Mexico Remote Asset Management Market by Application
9.2. EUROPE
9.2.1 Europe Remote Asset Management Market Overview
9.2.2 Europe Remote Asset Management Market Forecasts and Analysis
9.2.3 Europe Remote Asset Management Market Forecasts and Analysis - By Component
9.2.4 Europe Remote Asset Management Market Forecasts and Analysis - By Application
9.2.5 Europe Remote Asset Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Remote Asset Management Market
9.2.5.1.1 Germany Remote Asset Management Market by Component
9.2.5.1.2 Germany Remote Asset Management Market by Application
9.2.5.2 France Remote Asset Management Market
9.2.5.2.1 France Remote Asset Management Market by Component
9.2.5.2.2 France Remote Asset Management Market by Application
9.2.5.3 Italy Remote Asset Management Market
9.2.5.3.1 Italy Remote Asset Management Market by Component
9.2.5.3.2 Italy Remote Asset Management Market by Application
9.2.5.4 United Kingdom Remote Asset Management Market
9.2.5.4.1 United Kingdom Remote Asset Management Market by Component
9.2.5.4.2 United Kingdom Remote Asset Management Market by Application
9.2.5.5 Russia Remote Asset Management Market
9.2.5.5.1 Russia Remote Asset Management Market by Component
9.2.5.5.2 Russia Remote Asset Management Market by Application
9.2.5.6 Rest of Europe Remote Asset Management Market
9.2.5.6.1 Rest of Europe Remote Asset Management Market by Component
9.2.5.6.2 Rest of Europe Remote Asset Management Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Remote Asset Management Market Overview
9.3.2 Asia-Pacific Remote Asset Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Remote Asset Management Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Remote Asset Management Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Remote Asset Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Remote Asset Management Market
9.3.5.1.1 Australia Remote Asset Management Market by Component
9.3.5.1.2 Australia Remote Asset Management Market by Application
9.3.5.2 China Remote Asset Management Market
9.3.5.2.1 China Remote Asset Management Market by Component
9.3.5.2.2 China Remote Asset Management Market by Application
9.3.5.3 India Remote Asset Management Market
9.3.5.3.1 India Remote Asset Management Market by Component
9.3.5.3.2 India Remote Asset Management Market by Application
9.3.5.4 Japan Remote Asset Management Market
9.3.5.4.1 Japan Remote Asset Management Market by Component
9.3.5.4.2 Japan Remote Asset Management Market by Application
9.3.5.5 South Korea Remote Asset Management Market
9.3.5.5.1 South Korea Remote Asset Management Market by Component
9.3.5.5.2 South Korea Remote Asset Management Market by Application
9.3.5.6 Rest of Asia-Pacific Remote Asset Management Market
9.3.5.6.1 Rest of Asia-Pacific Remote Asset Management Market by Component
9.3.5.6.2 Rest of Asia-Pacific Remote Asset Management Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Remote Asset Management Market Overview
9.4.2 Middle East and Africa Remote Asset Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Remote Asset Management Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Remote Asset Management Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Remote Asset Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Remote Asset Management Market
9.4.5.1.1 South Africa Remote Asset Management Market by Component
9.4.5.1.2 South Africa Remote Asset Management Market by Application
9.4.5.2 Saudi Arabia Remote Asset Management Market
9.4.5.2.1 Saudi Arabia Remote Asset Management Market by Component
9.4.5.2.2 Saudi Arabia Remote Asset Management Market by Application
9.4.5.3 U.A.E Remote Asset Management Market
9.4.5.3.1 U.A.E Remote Asset Management Market by Component
9.4.5.3.2 U.A.E Remote Asset Management Market by Application
9.4.5.4 Rest of Middle East and Africa Remote Asset Management Market
9.4.5.4.1 Rest of Middle East and Africa Remote Asset Management Market by Component
9.4.5.4.2 Rest of Middle East and Africa Remote Asset Management Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Remote Asset Management Market Overview
9.5.2 South and Central America Remote Asset Management Market Forecasts and Analysis
9.5.3 South and Central America Remote Asset Management Market Forecasts and Analysis - By Component
9.5.4 South and Central America Remote Asset Management Market Forecasts and Analysis - By Application
9.5.5 South and Central America Remote Asset Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Remote Asset Management Market
9.5.5.1.1 Brazil Remote Asset Management Market by Component
9.5.5.1.2 Brazil Remote Asset Management Market by Application
9.5.5.2 Argentina Remote Asset Management Market
9.5.5.2.1 Argentina Remote Asset Management Market by Component
9.5.5.2.2 Argentina Remote Asset Management Market by Application
9.5.5.3 Rest of South and Central America Remote Asset Management Market
9.5.5.3.1 Rest of South and Central America Remote Asset Management Market by Component
9.5.5.3.2 Rest of South and Central America Remote Asset Management Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. REMOTE ASSET MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. ATANDT INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CISCO SYSTEMS, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HITACHI, LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. IBM
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INFOSYS LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PTC INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROCKWELL AUTOMATION, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAP SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHNEIDER ELECTRIC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VERIZON COMMUNICATIONS INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ATandT Inc.
2. Cisco Systems, Inc
3. Hitachi, Ltd.
4. IBM
5. Infosys Limited
6. PTC Inc.
7. Rockwell Automation, Inc.
8. SAP SE
9. Schneider Electric
10. Verizon Communications Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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