The global remote asset management market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. The real-time remote asset monitoring system can assist businesses to achieve focused targets by utilizing IoT technology. Sensors are added to the equipment for measuring pressure, temperature, and other important parameters. The increasing trend for IoT-based real-time monitoring is expected to propel the growth of the market during the forecast period. Rejig Digital provides IoT-based remote asset monitoring and management solution that can use the data fetched by these sensors to check whether the numbers obtained are above or below the set values. The company’s IoT-based technology helps other companies to take necessary action in real-time to avoid a major breakdown of the equipment or potential damage to the system.
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The global remote asset management market is segmented based on the component, deployment, and application. Based on the component, the market is bifurcated into solutions and services. The solutions segment is further segmented into predictive assets management, real-time location, security management, and others. The services segment is divided into professional and managed services. Based on the deployment, the market is sub-segmented into cloud-based and on-premises. Based on the application, the market is augmented into manufacturing, healthcare, retail, energy and utilities, transportation and logistics, and others including metal and mining, and building automation. The above-mentioned segments can be customized as per the requirements. Based on the deployment, the on-premise segment is expected to hold a considerable share in the market during the forecast period. To have total control over the security information about assets, the companies are deploying on-premises solutions which will contribute to the growth of the segment.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Remote Asset Management Market Report Segment
By Component
- Solutions
o Predictive Asset Management
o Real-Time Location
o Security Management
o Others
- Services
o Professional
o Managed
By Deployment
- Cloud-Based
- On-Premises
By Application
- Manufacturing
- Healthcare
- Retail
- Energy and Utilities
- Transportation and Logistics
- Others (Metal and Mining, Building Automation)
Global Remote Asset Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global remote asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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