How big is the Remote Asset Management Market?

The Remote Asset Management Market size is expected to reach USD 26.15 billion in 2024 and grow at a CAGR of 14.75% to reach USD 52.04 billion by 2029. Read More

What is the current Remote Asset Management Market size?

In 2024, the Remote Asset Management Market size is expected to reach USD 26.15 billion. Read More

Who are the key players in Remote Asset Management Market?

Siemens Corporation, AT&T Inc., Cisco Systems, Inc., Schneider Electric SE and SAP SE are the major companies operating in the Remote Asset Management Market. Read More

Which is the fastest growing region in Remote Asset Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Remote Asset Management Market?

In 2024, the North America accounts for the largest market share in Remote Asset Management Market. Read More

What years does this Remote Asset Management Market cover, and what was the market size in 2023?

In 2023, the Remote Asset Management Market size was estimated at USD 22.29 billion. The report covers the Remote Asset Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Remote Asset Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Remote Asset Management Market - Size, Analysis, Growth & Share

Remote Asset Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Research Report Covers the Global Remote Asset Monitoring Market Forecast and is Segmented by Component (Solution, Services), Type(Fixed Asset, Mobile Asset), Deployment Mode (On-Premise, Cloud), End-User (Manufacturing, Healthcare, Transportation & Logistics), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Remote Asset Management Industry Overview

The remote asset tracking market is fragmented, considering the presence of multiple vendors providing different solutions. The solution providers are investing in multiple R&D activities to improve existing solutions and launch new products by integrating the latest technological developments in their solutions. Furthermore, companies are viewing global expansion as a path to attracting maximum market share.

In March 2023, Drishya AI Labs and VEERUM team up to provide enhanced asset management via digital twins. Drishya's artificial intelligence (AI)-based digital twin technology collaborates with VEERUM's ground-breaking visualization solution to assist brownfield plants in creating digital twins from engineering drawings and historical plant data. The usage of AI by Drishya and VEERUM helps to cost-effectively digitalize obsolete asset management, enable remote site management, and automate engineering deliverables while keeping inventory and tag lists up to date.
In February 2023, Cisco introduces new cloud services in IoT Operations Dashboard to increase industrial asset visibility, securely manage assets from anywhere and provide Industrial Internet of Things (IoT) customers with a seamless path to cloud automation for Operational Technology (OT) teams