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Remote Asset Management Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Jul 15, 2024
Length 240 Pages
SKU # GMI19113951

Description

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.

Table of Contents

240 Pages
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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