"Smart Strategies, Giving Speed to your Growth Trajectory"

Remote Asset Management Market Size, Share & Industry Analysis, By Component (Solution, Services), By Asset Type (Fixed Asset, Mobile Asset), By Deployment (Cloud, On-premise), By End User (Manufacturing, Building Automation, Healthcare) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105955 | Status : Ongoing



Remote asset management is an analytical system that enables maintenance of assets, remote monitoring and machine & systems. Also, its helps in providing real time two way communications between the central monitoring application and organization’s asset, that results in better management and control of the assets. It provide certain advantages of convenient surveillance operations, cost effectiveness and efficient that further helps organizations towards the adoption of new and advanced technology.

Additionally, the emerging technologies including cloud, imaging and internet of things (IoT) are helping organization to increase security, improve uptime at remote offices and save cost. Further, the globalization and increasing number of IoT connected devices have resulted in increasing demand for asset management systems. It also provide various applications such as streamlined waste water management, smart asset tracking, network security, intelligent fleet management, and smart commercial refrigeration.

The outbreak of COVID 19 has positively impacted the remote asset management market. The positive impact on the market was mainly due to increase demand for connected devices, enhanced internet connectivity across the globe, increased in affordability of cloud computing services, rise in ICT expenditure by government and decreased cost of the components.

Key Market Driver -

• Increase adoption of IoT enabled remote asset management solution to manage assets efficiency is anticipated to drive the growth of the market. • Increase use of predictive maintenance to drive the growth of the market. • Decreasing cost of IoT based sensors are expected to drive the growth of remote asset management market.

Key Market Restraint -

• Widely used traditional organizational culture is expected to hinder the market growth.

Key Players Covered:

Major companies operating in remote asset management market are Siemens AG. Cisco Systems Inc., AT&T, Hitachi Ltd. Schneider Electric, Infosys Limited, PTC, Rockwell Automation Inc., IBM Corporation, SAP, Bosch.IO, Verizon, Meridium Inc., Rapid Value Solutions, Vodafone Group, EAMnrace, RCS Technologies, ROAMWORKS, Accruent and Intellimation Pvt. Ltd among others.

Vendors providing remote asset management solutions are opting for various organic and inorganic methods such as collaboration, mergers, acquisitions, new product launch and partnerships to enhance their market place. For instance, in May 2021, Cisco System Inc., acquired Kenna Security Inc. this acquisition will further help Cisco to transform it security and IT Telecommunication to reduce the cyberattacks.

Regional Analysis:  

North America is expected to dominate the market as the region is having presence of transport, logistics and manufacturing industries with several technological advancement in the area. Also the initiatives taken by government such as, Federal Highway Association (FHWA) in leadership of American Association of State Highway and Transport Officials (AASHTO) and department of transportations (DOTs) are trying to implement remote asset management in the logistics and transportation industry. Further, the increasing cargo thefts, loss of goods in transit and increasing adoption of real time location solutions in the region are expected to drive the growth of remote asset management market.

Asia Pacific is expected to have significant growth in remote asset management due to the acceptance of cloud based solution and emerging technologies including big data analytics, mobility and internet of things (IoT). Also, the region is among the largest market of connected devices that need asset management. Further, several countries in the region are anticipated to adopt the remote asset management solutions sue to the increasing demand in industries such as retail, building automation, logistics and transportation, utilities industries and healthcare. Additionally, the emerging countries such as China, India and Japan are expected to drive the growth remote asset management market in near future.

However, Europe is witnessing the significant growth in the market owing to structural trends such as loose monetary policy, government intervention and a focus on environment, social and governance (ESG) performances that are shaping the asset management market in the region and are further driving the growth of the market in the region. Further, Middle East and Africa are expected to have significant growth in the market owing to rapid development in the region that need remote access management systems rather than traditional asset management systems.

To gain extensive insights into the market, Request for Customization




By Component

  • Solution

  • Services

By Asset Type

  • Fixed Asset

  • Mobile Asset

By Deployment

  • Cloud

  • On-premise

By  End User

  • Manufacturing

  • Building Automation

  • Healthcare

  • Retail & Consumer Goods

  • Transportation and Logistics

  • Others (Meatal & Mining, etc.)

By Region

  • North America (United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

  • March 2020 – AT&T to use FirstNet App Catalog to response to COVID19. FirstNet is American public safety communications platform, that helps in addressing public safety needs. Responders in the country are using app’s ecosystem to tackle emergencies in large and small communities.

  • January 2019 – Cisco System Inc., launched Cisco Validated Design (CVD) for mobile and remote asstes solutions. This new launch would further help in lowering the operational costs and help in driving new revenue streams from thousand of dispersed assets.

  • February 2019 – Hitachi Ltd, launched Hitachi Digital Solution. The new launch would help in logistics and delivery optimizations service. Aslo, the solution focuses on creating delivery plans by using advanced figital technology, such as internet of things (IoT) and artificial intelligence (AI) for logistics operations in China, Japan, and Thailand.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Go daddy

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.