Press release
Remote Monitoring And Control Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Remote Monitoring And Control Market
How Big Is the Remote Monitoring And Control Market Size Expected to Be by 2034?
In recent years, there has been robust growth in the size of the remote monitoring and control market. The figures show a vibrant increase from $29.15 billion in 2024 expanding to $30.85 billion in 2025 with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to the vigorous growth during the historic period include increased industry automation and efficiency, the necessity for real-time monitoring, cost cutbacks and resource streamlining, increasing intricacy in industrial procedures, and an emphasis on safety and regulation.
The market size for remote monitoring and control is projected to experience considerable growth in the upcoming years, anticipated to reach $40.74 billion in 2029 with a 7.2% compound annual growth rate (CAGR). This predicted growth within the forecasting period is attributed to various factors including digital transformation processes, IoT integration and data analytics, emphasis on energy efficiency and sustainability, industrial internet growth, and focus on resilience and business continuity. Key trends projected during this period comprise 5G technology integration, attention towards remote asset management, incorporation of augmented reality (AR) for remote assistance, application of remote monitoring in the farming sector, and adherence to regulations in remote monitoring solutions.
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What Are the Emerging Segments Within the Remote Monitoring And Control Market?
The remote monitoring and control market covered in this report is segmented -
1) By Type: Solutions, Field Instruments
2) By Action: Monitoring, Control
3) By Industry: Oil And Gas, Chemical, Water And Wastewater Treatment, Metals And Mining, Food And Beverages, Power, Automotive, Pharmaceutical, Other Industries
Subsegments:
1) By Solutions: Cloud-Based Solutions, Software Applications
2) By Field Instruments: Sensors, Actuators, Controllers
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What Long-Term Drivers Are Shaping Remote Monitoring And Control Market Trends?
The growing requirement for automation is set to spur the development of the market for remote monitoring and control. Automation, which refers to the technology requiring minimal human intervention to accomplish tasks, is integral to remote monitoring and control. Such technology is crucial to any automated system as it offers a safe way to oversee potentially risky machines and other systems. This growing demand for automation will consequently lead to an increased need for remote monitoring and control solutions. For example, Paperform, an online form builder based in Australia, reported in December 2022 that 76% of businesses implemented automation to regularize or automate daily workflows in 2022. Moreover, 58% employed automation for data/reporting during planning, and 36% used it for regulatory or compliance reasons. Hence, the expanding requirement for automation is propelling the advancement of the remote monitoring and control market.
Who Are the Top Competitors in Key Remote Monitoring And Control Market Segments?
Major companies operating in the remote monitoring and control market include Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric, Honeywell International Inc., ABB Ltd, Schlumberger Limited, Johnson Controls International plc, Larsen & Toubro Ltd., Eaton Corporation plc, Texas Instruments Incorporated, Nidec Corporation, Emerson Electric Co, Bosch Rexroth AG, Rockwell Automation Inc., OMRON Corporation, Fanuc Corporation, Teledyne Technologies Incorporated, Phoenix Contact GmbH & Co KG, Sensata Technologies Inc., Endress+Hauser Group Services AG, Yokogawa Electric Corporation, Advantech Co Ltd., National Instruments Corporation, Fuji Electric Co Ltd., ICONICS Inc., KROHNE Messtechnik GmbH, SICK AG, ProSoft Technology Inc., Novatech Measurements Limited, Toshiba Corporation
What Are the Major Trends Shaping the Remote Monitoring And Control Market?
The remote monitoring and control market is being dominated by major firms that are concentrating on the development of new technologies like automation platforms to maintain their market stance. For instance, Emerson, an American IT solutions firm, unveiled Ovation 4.0, a major upgrade to its automation platform in July 2024. This upgrade aimed at improving operational capabilities for the power and water utilities sector. The latest version brought a software-defined architecture into the mix that capitalizes on data and artificial intelligence (AI). Ovation 4.0 offers solutions to the pressing problems faced by utilities through the modernization of their operations. It boosts performance and availability, thus enabling utilities to manage an array of energy resources, be they traditional or renewable, in a better way.
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Which Regions Are Becoming Hubs for Remote Monitoring And Control Market Innovation?
Asia-Pacific was the largest region in the global remote monitoring and control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global remote monitoring and control market during the forecast period. The regions covered in the remote monitoring and control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Remote Monitoring And Control Market?
2. What is the CAGR expected in the Remote Monitoring And Control Market?
3. What Are the Key Innovations Transforming the Remote Monitoring And Control Industry?
4. Which Region Is Leading the Remote Monitoring And Control Market?
Why This Report Matters:
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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