The remote asset management market size is expected to grow from USD 8.82 Billion in 2016 to USD 26.99 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1%. The major drivers for the upsurge in demand for the market include declining cost of IoT components leading to a cost-effective remote asset management solution deployment, optimizing asset lifecycle offering a huge ROI (Return on Investment) for asset sensitive industries, and increasing adoption IoT technology and services.
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Remote Asset Management Market by type 2017-2021 by new Service spreads across 159 pages profiling 12 companies and supported with 73 tables and 37 figures
Optimizing asset lifecycle offers a huge return on invest for asset-intensive industries sector, whichis expected to drive the growth of the remote asset management market
The remote asset management market size is expected to grow from USD 8.82 billion in 2016 to USD 26.99 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1%. The major drivers for the upsurge in demand for the remote asset management market include increasing IoT adoption for efficient asset management and declining cost of IoT components leading to a cost-effective remote asset management solution deployment.
The surveillance and security solution segment is expected to grow at the highest CAGR during the forecast period. The key functionalities of this solution include intrusion detection, access control systems, asset tracking, asset recovery, real-time monitoring, real-time notifications, and others.
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Connected logistics and fleet management is estimated to have the largest market share
The connected logistics and fleet management is expected to have the largest market share in 2016 and estimated to grow at the significant CAGR during the forecast period. Connected logistics and fleet management is all about integrating advanced technologies with the existing transportation and logistics infrastructure, delivering real-time online information about reminder & alerts for vehicle maintenance, driver’s live performance and feedback, fleet/vehicle status (moving/stopped/idle), engine status, engine diagnostics, delivery status, delay status, and others.
Asset tracking, monitoring, and management would help supply chain managers to locate, check status, fleet data, routing, scheduling, driver behavior, diagnostic, and others.
Remote Asset Management Market Analysis, By Solution
Real-Time Location System
Asset Condition Monitoring
Asset Performance Management
Surveillance and Security
Network Bandwidth Management
Mobile Workforce Management
Key Target Audience
Remote asset management OEMs
Remote asset management service providers
Resellers and distributors
Managed service providers
IT service providers
Cloud service providers
IoT technology vendors
Regulatory authorities and associations
Fundamentals of Table of Content:
9 Remote Asset Management Market Analysis, By Platform
9.2 Device Management
9.3 Application Management
9.4 Connectivity Management
10 Remote Asset Management Market Analysis, By Service
10.2 Professional Services
10.2.1 Consulting Services
10.2.2 Integration and Deployment
10.2.3 Support and Maintenance Services
10.3 Managed Services
14 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
14.2 AT&T Inc.
14.3 Cisco Systems, Inc.
14.4 Hitachi, Ltd.
14.5 Schneider Electric SE
14.6 PTC Inc.
14.7 Infosys Limited
14.8 International Business Machine Corporation
14.9 Rockwell Automation, Inc.
14.10 SAP SE
14.11 Verizon Communications, Inc.
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.
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