1. Market Research
  2. > Advanced IT Market Trends
Remote Asset Management Market by Component, Asset Type, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2025

Remote Asset Management Market by Component, Asset Type, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2025

  • May 2020
  • 258 pages
  • ID: 4813666
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

Growth of the remote asset management market can be attributed to the surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency
The remote asset management market size is projected to grow from USD 16.5billion in 2020 to USD 32.6billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. The major factors driving the growth of the remote asset management market include a surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-enabled sensors optimize asset lifecycle through remote asset management solutions, and predictive maintenance to boost the adoption of remote asset management, thereby reducing the operational cost of remote assets.

Services segment to grow at a higher CAGR during the forecast period
The remote asset management services industry is segmented into two major types: professional services and managed services.Professional and managed services enhance the security portfolio of enterprises and safeguard their system from unauthorized access, exploitation, and data loss.

The professional services segment includes consulting, implementation, and support and maintenance services.Service Providers (SPs) for remote asset management solutions help in implementing intelligent tracking and technology for efficient operation of assets in a cost-effective manner.

The main driving factor of the remote asset management services industry is the increasing need for implementing the optimal remote asset management solutions. These solutions backed by services would result in improved asset performance and reduced manual monitoring and operating expenses.

Analytics and reporting segment to grow at the highest CAGR during the forecast period
Analytics and reporting solutions help organizations evaluate the daily field operations and identify the areas of improvement, leading to better service delivery.These solutions allow organizations to simplify those data sources and represent the sources into a catchy visual dashboard.

Analytics and reporting solutions offer automated report generation, which enables organizations to gain real-time information anywhere, anytime.Analytics and reporting solutions assist businesses in gaining enhanced insights and making better decisions for carrying out business-critical activities.

Analytics and reporting solutions also assist in the management of big data, resulting in the availability of required information, both in qualitative or quantitative form.

On-premises deployment mode to lead the market during the forecast period
An organization using an on-premises remote asset management solution can have total control over the security of information about assets.On-premises solutions are installed and hosted in an organization’s IT infrastructure and are managed by its internal IT staff.

On-premises deployment mode of remote asset management solutions requires high initial investment by organizations, though it does not require incremental costs throughout the ownership, as in the case of cloud deployment. Security concern is a major reason for the adoption of on-premises deployment over the cloud.

North America to lead the market share in 2020
North America is one of the largest contributors to the remote asset management market.The market growth in this region is majorly driven by the presence of large IT companies and rapid technological advancements, such as digitalization in the US and Canada.

Well-established economies of these countries enable the region to invest heavily in leading remote asset management solutions and services. AT&T, Cisco Systems, IBM, PTC, Rockwell Automation, and Verizon are some of the leading vendors of remote asset management solutions and services operating across the North American market.
• By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
• By Designation: C-level – 38%, Directors – 30%, and Others – 32%
• By Region: North America – 40%, Europe– 15%, APAC– 35%,MEA – 5%, Latin America– 5%.

Some prominent players profiled in the study include 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), and Ascent Intellimation Pvt. Ltd. (Ascent Intellimation).

Research coverage
The market study covers the remote asset management market across different segments.It aims at estimating the market size and the growth potential of this market across different segments, such as components (solution and services), solutions (real-time location system, analytics and reporting, asset performance management, surveillance and security, network bandwidth management, mobile workforce management, and other), services (professional services and managed services), asset types (fixed asset and mobile asset),deployment modes (on-premises and cloud), organization size (SMEs and large enterprises), verticals (building automation, manufacturing, healthcare, retail, energy and utilities, transportation and logistics, metal and mining, and others),and regions.

The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall remote asset management market and its segments.This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on