Remote Asset Management Market Set To Rise in the Period from 2016-2022
Market Synopsis of Global Remote Asset Management Market:
The software opens up two-way communication between the asset and the central application for better control and management of assets. It opens up a range of potential applications in new fields, creating new possibilities in service and business.
They are tracked and monitored over a central system and the assets are deployed with Vodafone SIMS. The Vodafone Remote Asset Management enables monitoring, maintenance of assets, machines and systems and also help in transforming the business. The main feature of remote asset management is two-way communication. Also, the main functions of this solution include intrusion detection, access control systems, asset tracking, asset recovery, real-time monitoring, real-time notifications, and others.
The key drivers contributing to the growth of the remote asset management market are the growing demand for the adoption of IoT based asset management, enhancing asset lifecycle and declining cost of IoT components which helps in cost-effective remote asset management solutions.
Geographically, North-America accounted for the largest market share for the global remote asset management market.
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The global remote asset management market is expected to reach USD ~27 billion by the end of 2022 with ~27 % CAGR during forecast period 2017-2022
The key players in the global remote asset management market include IBM Corporation (U.S.), Cisco Systems, Inc (U.S.), AT&T Intellectual Property (U.S), Hitachi, Ltd. (Japan), Verizon Communications, Inc. (U.S.), PTC Inc. (U.S.), SAP SE (Germany), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Infosys Limited (India) and others.
For the purpose of this study, Market Research Future has segmented the market of Remote Asset Management into application, solution and region.
•Surveillance and security
•Network Bandwidth management
•Asset Performance management
•Real-time location tracking
•Asset condition monitoring
•Healthcare and wellness
•Utilities and grids
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Regionally, North-America accounted for the largest market share because of the technological advancements followed by proper internet infrastructure, adoption of new technology and presence of strong local solution providers.
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