The global remote asset management market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. The real-time remote asset monitoring system can assist businesses to achieve focused targets by utilizing IoT technology. Sensors are added to the equipment for measuring pressure, temperature, and other important parameters. The increasing trend for IoT-based real-time monitoring is expected to propel the growth of the market during the forecast period. Rejig Digital provides IoT-based remote asset monitoring and management solution that can use the data fetched by these sensors to check whether the numbers obtained are above or below the set values. The company’s IoT-based technology helps other companies to take necessary action in real-time to avoid a major breakdown of the equipment or potential damage to the system.
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Among the applications, the manufacturing segment is expected to hold a significant share in the market during the forecast period. Manufacturers now need zero-touch remote asset management capabilities to ensure efficient end-to-end asset management, early detection and remediation of issues, and root cause analysis. The companies are launching new solutions for manufacturers that will propel the growth of the market. For instance, in March 2022, Aptean, a global provider of mission-critical enterprise software solutions, announced the launch of Aptean EAM, an all-new, cloud-based enterprise asset management (EAM) solution for manufacturing and other businesses that depend on complex equipment to support the production. The new offering can scale from functioning as a standalone computerized maintenance management system (CMMS) to delivering advanced EAM functionality.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Remote Asset Management Market by Component
- Solutions
- Predictive Asset Management
- Real-Time Location
- Security Management
- Others
- Services
- Professional
- Managed
Global Remote Asset Management Market by Deployment
- Cloud-Based
- On-Premise
Global Remote Asset Management Market by Application
- Manufacturing
- Healthcare
- Retail
- Energy and Utilities
- Transportation and Logistics
- Others (Metal and Mining, Building Automation)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accruent
- AT&T Inc.
- io GmbH
- Cisco Systems, Inc.
- General Electric Co.
- Hitachi, Ltd.
- Infosys Ltd.?
- International Business Machine Corp.
- PTC Inc.
- Rockwell Automation, Inc.
- Roamworks Trading LLC
- RCS Technologies
- SAP SE
- Schneider Electric SE
- Siemens AG
- Verizon Communications, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global remote asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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