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Remote Monitoring and Control Market Overview, Top Key Players, Market Growth Analysis by Forecast to 2023

11-10-2017 09:14 AM CET | IT, New Media & Software

Press release from: Market Research Future - MRFR

Remote Monitoring and Control Market Overview, Top Key Players,

Market Highlight:

Remote Monitoring can be explained as a type of specification that facilitates the observation of network operational activities through various remote devices known as monitors or probes. Also, remote monitoring assists network administrators to work efficiently with network infrastructure control and management. Monitoring and control can be explained as control of any system or network through automated procedures and which is generally controlled with a unit.
The factors contributing to the growth of the remote monitoring and control market are the growing demand for industrial automation, asset excellence, and the rising demand industrial mobility in the process industry. Also, initially remote monitoring and control market was developed to address various issues such as issues related to remote site and local area network. The system specifies a group of functions and statistics.

However, factor which is hindering the growth of the market is the downfall in raw material prices. Easy availability of alternatives also acts a barrier in the growth of the remote monitoring and control market. The market is expected to grow over the forecast period.
Geographically, North-America accounted for the largest market share in the global remote monitoring control market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.

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Global Remote Monitoring and Control Market
Global Remote Monitoring and Control MarketThe global remote monitoring and control market is expected to reach approximately USD 23 billion by the end of 2023 with 5% CAGR during forecast period 2017-2023.

Major Key Players
• Honeywell International Inc. (US),
• Emerson Electric Co. (US),
• Rockwell Automation, Inc. (US),
• Schneider Electric SE (France),
• ABB Ltd. (Switzerland),
• Yokogawa Electric Corporation (Japan),
• General Electric Co. (US),
• Fuji Electric Co., Ltd. (Japan)
• Endress+Hauser AG (Switzerland)

Regional Analysis
Regionally, North-America accounted for the largest market share majorly due to presence of large numbers of enterprises, increasing adoption of remote monitoring and control by the pharmaceuticals industry and increasing automation. However, Asia-Pacific region is expected to boost the growth of the remote monitoring and control market majorly due to rising demand for utilization of resources and to achieve excellence in various industries.

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Segments
For the purpose of this study, Market Research Future has segmented the market of remote monitoring and control into component end-users and region.
Component
• Solutions
• Instruments
End-users
• Chemicals
• Oil & Gas
• Metals
• Mining
• Power
• Food & Beverages
• Water and Wastewater
• Pharmaceuticals
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
LIST OF TABLES
TABLE 1 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
TABLE 2 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS
TABLE 3 REMOTE MONITORING AND CONTROL MARKET, BY GEOGRAPHY
TABLE 4 NORTH AMERICA REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT
Continued…….
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 REMOTE MONITORING AND CONTROL MARKET, BY COMPONENT (%)
FIGURE 3 REMOTE MONITORING AND CONTROL MARKET, BY END-USERS (%)
FIGURE 4 REMOTE MONITORING AND CONTROL MARKET, BY REGIONS (%)
Continued……

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Email: sales@marketresearchfuture.com

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