Remote Asset Management provides remote monitoring and maintenance of assets. Remote asset management, which involves a remote server designed to receive and process incoming data from fixed or mobile communications devices wherein the data is related to specific remote asset management applications. Remote asset management aids in assettracking, monitoring and managing organization’s asset in real-time for effective utilization, predictive maintenance, and cost-effective operation resulting in better returns. Remote asset management gathers information related to assets from sensors applied to devices. Remote asset managementincludes sensors and microprocessors fixed in the remote asset and a communications component that collects and transfers data to central management systems.
As per the geographic analysis, North America is likely to benefit from its technological advancements followed by robust internet infrastructure, widespread adoption of new technology, and the presence of strong domestic solution providers. This all have contributed towards the shift to smart infrastructure from conventional infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the remote asset management market.
Market Analysis and Insights: Global Remote Asset Management Market
In 2019, the global Remote Asset Management market size was US$ 11590 million and it is expected to reach US$ 29610 million by the end of 2026, with a CAGR of 14.2% during 2021-2026.
Global Remote Asset Management Scope and Market Size
Remote Asset Management market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Remote Asset Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Remote Asset Management market is segmented into Solution, Platform, Service, etc.
Segment by Application, the Remote Asset Management market is segmented into Building automation, Remote healthcare and wellness, Smart retail, Utilities and smart grids, Production monitoring, Connected logistics and fleet management, Connected agriculture, Others, etc.
Regional and Country-level Analysis
The Remote Asset Management market is analysed and market size information is provided by regions (countries).
The key regions covered in the Remote Asset Management market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Remote Asset Management Market Share Analysis
Remote Asset Management market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Remote Asset Management business, the date to enter into the Remote Asset Management market, Remote Asset Management product introduction, recent developments, etc.
The major vendors include ABB, General Electric, PTC, Robert Bosch, Rockwell Automation, Schneider Electric, Cisco, Hitachi, Infosys, IBM, SAP, Verizon Communications, Siemens, etc.

This report focuses on the global Remote Asset Management status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Remote Asset Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

ABB
General Electric
PTC
Robert Bosch
Rockwell Automation
Schneider Electric
Cisco
Hitachi
Infosys
IBM
SAP
Verizon Communications
Siemens

Market segment by Type, the product can be split into

Solution
Platform
Service

Market segment by Application, split into

Building automation
Remote healthcare and wellness
Smart retail
Utilities and smart grids
Production monitoring
Connected logistics and fleet management
Connected agriculture
Others

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Remote Asset Management status, future forecast, growth opportunity, key market and key players.
To present the Remote Asset Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Remote Asset Management are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.