Remote Asset Management Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global Remote Asset Management Market size will record over 15% CAGR from 2024 to 2032, due to heightened acquisition activities and an escalating demand for asset tracking.
To bolster visibility and control over inventories, organizations are adopting advanced technologies for real-time asset monitoring and management. Remote asset management solutions offer features like GPS tracking, condition monitoring, and automated alerts, ensuring optimal asset utilization and maintenance. For example, in January 2022, IBM bolstered its remote asset management capabilities by acquiring Envizi, a leader in environmental performance data analytics, aiming to merge these advanced analytics with its IBM Maximo asset management solutions.
The market is segregated into component, deployment mode, organization size, asset type, end user, and region.
In terms of components, the services segment in the remote asset management industry is set to experience growth at a significant CAGR through 2032 due to the increasing need to enhance effectiveness. These service components encompass real-time monitoring, predictive maintenance, and customer support, all aimed at optimizing asset management. This evolution underscores the adaptability of asset management to meet new challenges and demands.
By deployment mode, the remote asset management market share from the on-premises segment is projected to rise from 2024 to 2032, driven by increasing demand to offer enhanced control and security. Organizations are deploying remote asset management solutions on their servers for greater customization and integration with existing IT infrastructure. On-premises deployment mode also provides businesses with a secure environment to manage assets to ensure that sensitive data remains within their control.
Regionally, the Europe remote asset management industry size is projected to witness a robust CAGR between 2024 and 2032, largely due to industrial automation expansion. By merging remote asset management systems with automated processes, businesses can achieve real-time monitoring, enhance operational efficiency, and minimize downtime. This surge in automation amplifies the demand for advanced remote management tools, capable of integrating with automated systems to provide in-depth analytics and proactive maintenance in the region.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component supplier
- 3.2.2 Software provider
- 3.2.3 Cloud service provider
- 3.2.4 System integrators
- 3.2.5 End user
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Data driven decision making
- 3.8.1.2 Cost reduction and efficiency
- 3.8.1.3 Real time monitoring and predictive maintenance
- 3.8.1.4 Scalability and flexibility
- 3.8.1.5 Integration with Industry 4.0 Initiatives
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Data security and privacy concerns
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Solutions
- 5.2.1 Real-times location system
- 5.2.2 Analytics and reporting
- 5.2.3 Asset performance management
- 5.2.4 Surveillance and security
- 5.2.5 Others
- 5.3 Services
- 5.3.1 Consulting
- 5.3.2 Support
- 5.3.3 Integration
- Chapter 6 Market Estimates and Forecast, By Deployment Mode, 2021 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 On-premises
- 6.3 Cloud-based
- Chapter 7 Market Estimates and Forecast, By Organization Size, 2021 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 SMEs
- 7.3 Large organization
- Chapter 8 Market Estimates and Forecast, By Asset Type, 2021 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Fixed
- 8.2.1 Buildings
- 8.2.2 Infrastructure
- 8.2.3 Machinery and equipment
- 8.3 Mobile
- 8.3.1 Vehicles
- 8.3.2 Construction equipment
- 8.3.3 Ships and marine vessels
- Chapter 9 Market Estimates and Forecast, By End-User, 2021 - 2032 ($Bn)
- 9.1 Key trends
- 9.2 Manufacturing
- 9.3 Healthcare
- 9.4 Retail
- 9.5 Energy and utilities
- 9.6 Transportation and logistics
- 9.7 Others
- Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
- Chapter 11 Company Profiles
- 11.1 ABB Ltd.
- 11.2 AT and T Inc.
- 11.3 Bosch Software Innovations GmbH
- 11.4 CalAmp Corp.
- 11.5 Cisco Systems
- 11.6 Emerson Electric Co.
- 11.7 Honeywell International Inc.
- 11.8 IBM Corporation
- 11.9 Inmarsat plc
- 11.10 Netop
- 11.11 ORBCOMM Inc.
- 11.12 PTC Inc.
- 11.13 Rockwell Automation, Inc.
- 11.14 SAP SE
- 11.15 Schneider Electric
- 11.16 Siemens AG
- 11.17 Spirent Communications
- 11.18 Telit Communications PLC
- 11.19 Trimble Inc.
- 11.20 Verizon Communications Inc.
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