Remote Asset Management Market: Industry Analysis and forecast 2027
January 25, 2021 ⚊ 6 Min read ⚊ Views 338 ⚊ BUSINESS
Remote Asset Management Market was valued US$ xx BN in 2019 and the total revenue is expected to grow at CAGR of 17.5 % from 2019 to 2027, reaching US$ xx Bn.
Remote Asset Management Market
This is a comprehensive international report targeted on present and future prospects of the Remote Asset Management Market. This report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics and forecast for numerous segments and sub-segments considering the macro and small environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Remote Asset Management Market by year-wise and region and on the key players revenue affected and expected short term and long-term impact on the market.
Remote Asset Management Market Overview:
Remote repair and control of facilities, properties, and processes is known as remote asset management with the assistance of a central system. This system’s various functionalities include asset monitoring and recording, intrusion detection, and alerts in real time. A remote asset management system helps companies organize and make full use of their tools and automate some of their repetitive business processes and simplify their decision-making.
Remote Asset Management Market – Dynamics
The demand for connected devices is expected to grow in the coming years as the use of wireless networking technologies in Real-time locating systems (RTLS) and commercial applications grows. “Thus the “Internet of Things” (IoT) effect is rapidly increasing.” One of the many applications of the IoT revolution is Remote Asset Control (RAM). The world of gateways, sensors and cloud-based software transforms an organization’s power at its disposal and the whole management environment. Many end-use industries, such as healthcare, manufacturing and robotics, among others have also greatly benefited from remote asset management (RAM) managed video surveillance solutions.
In addition, advanced remote asset control for monitoring of ATMs has also been implemented by different banking industries. Therefore, during the forecast period from 2017 to 2025, the Remote Asset Management market is projected to witness steady growth. There are various criteria and additional capabilities in advanced remote asset control that have added extra advantages for different retail surveillance management. This in turn boosts the appetite of the industry for Remote Asset Control during the time of prediction.
In addition, the introduction of the Internet of Things (IoT) for productive asset management and asset lifecycle optimization offers an immense return on investment for asset-intensive industries, which explicitly increases, driving the development of the Remote Asset Management (RAM) industry over the projected timeframe. These remote asset management solutions include the technology, helpdesk the market for cloud-based software with real-time analytics providing cost advantages is expected to accelerate the acceptance of remote asset management in the forecast period. For the global Remote Asset Management (RAM) industry in the forecast period, this aspect serves as an incentive. Traditional corporate culture on the other hand, is a significant barrier to remote asset management acceptance. In essence, this limits the development of the global market for Remote Asset Management.
Internet Protocol technology is the latest technology used in the manufacturing field of digital asset management to help minimize costs and simplify the tracking of remote activities.
Rising IoT implementation for productive asset tracking, smart networks and real-time asset control provides opportunities for the industry for remote asset management. Due to the introduction of sensor technologies, real-time data integration raises the need for remote asset management solutions and decreases operating costs due to advanced applications that improve the business need for remote asset management solutions.
The objective of the report is to present a comprehensive analysis of the Remote Asset Management Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Remote Asset Management Market dynamics, structure by analyzing the market segments and project of the Remote Asset Management Market size. Clear representation of competitive analysis of key players By Application, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Remote Asset Management Market make the report investor’s guide.
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Remote Asset Management Market: Global Industry Analysis and Forecast (2022-2029)
Scope of Remote Asset Management Market
Remote Asset Management Market, By Application
• Manufacturing
• Oil and gas
• Automotive
• Healthcare
• Power generation and distribution
• Banking, Financial services and Insurance (BFSI)
• Others
Remote Asset Management Market, By Solution Type
• Predictive maintenance
• Real-time locating systems (RTLS)
• Analytics
• Performance management
• Asset condition monitoring
Remote Asset Management Market, By Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Remote Asset Management Market Key Players
• Siemens AG (Siemens)
• AT&T (AT&T)
• Cisco Systems, Inc. (Cisco Systems)
• Hitachi Ltd. (Hitachi)
• Schneider Electric (Schneider Electric)
• PTC (PTC)
• Infosys Limited (Infosys)
• IBM Corporation (IBM)
• Rockwell Automation, Inc. (Rockwell Automation)
• SAP (SAP)
• Verizon (Verizon)
• Bosch.IO (Bosch.IO)
• Meridium Inc. (Meridium)
• Vodafone Group (Vodafone)
• RapidValue Solutions (RapidValue)
• RCS Technologies (RCS)
• EAMbrace (EAMbrace)
• Accruent (Accruent)
• ROAMWORKS (ROAMWORKS)
• Ascent Intellimation Pvt. Ltd. (Ascent Intellimation)
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