Remote Asset Management Market projected to grow to worth 26.99 Billion USD by 2021

Remote Asset Management Market research study by Solution : RTLS, Predictive Maintenance, Analytics, Asset Condition Monitoring & Performance Management | By Platform, Application : Building Automation, Healthcare, Retail, Production Monitoring | Global F

(EMAILWIRE.COM, July 25, 2018 ) According to a new market research report "Remote Asset Management Market by Solution (RTLS, Predictive Maintenance, Analytics, Asset Condition Monitoring & Performance Management), Platform, Application (Building Automation, Healthcare, Retail, Production Monitoring) - Global Forecast to 2021", 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 remote asset management market include increasing IoT adoption for efficient asset management and optimizing asset lifecycle offers a huge RoI for asset-intensive industries and declining cost of IoT components leading to a cost-effective remote asset management solution deployment.

Browse 77 market data tables and 46 figures spread through 156 pages and in-depth TOC on "Remote Asset Management Market by Solution (RTLS, Predictive Maintenance, Analytics, Asset Condition Monitoring & Performance Management), Platform, Application (Building Automation, Healthcare, Retail, Production Monitoring) - Global Forecast to 2021"

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Predictive maintenance solution is likely to hold the largest market share in the remote asset management market

Predictive maintenance solution aids in predicting asset failure or quality issues, which reduces the unplanned downtime and maintenance costs. Asset intensive industries’ operational chain is largely hampered by machine failure and the associated time and repairing costs incurred. Predictive maintenance plays a major role in these types of industries and can notify the operating engineers beforehand about machine failure or performance degradation.

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.

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North America is expected to hold the largest market share in the remote asset management market

As per the geographic analysis, North America is likely to benefit from its technological advancements followed by robust internet infrastructure, widespread adoption of new technology, and the presence of strong domestic solution providers. These have all contributed to the shift towards smart infrastructure from conventional infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the remote asset management market.

Table of Contents

1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Vendor Dive Matrix Methodology
2.5 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
4.1 Attractive Market Opportunities in the Remote Asset Management Market
4.2 Market By Region, 2016 vs 2021
4.3 Market By Solution, 2016–2021
4.4 Market Regions vs Solutions, 2016–2021
4.5 Lifecycle Analysis, By Region, 2016
4.6 Market Investment Scenario

5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Component
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Iot Adoption Paving the Way for Efficient Asset Management
5.3.1.2 Optimizing Asset Lifecycle Offers A Huge Return on Investment for Asset Intensive Industries
5.3.1.3 Declining Cost of Iot Components Leading to Cost-Effective Remote Asset Management Solution Deployment
5.3.2 Restraints
5.3.2.1 Expensive Asset Management Solutions A Limiting Factor for the Smes
5.3.3 Opportunities
5.3.3.1 Cloud-Based Solutions With Real-Time Functionalities Offering Cost Benefits
5.3.3.2 Outsourcing Vendors of Asset Management Solutions Will Gain Recurring Revenue Stream From the Organizations
5.3.4 Challenges
5.3.4.1 Asset Management Solutions Lack the Scalability to Accommodate Asset Proliferation and Byod
5.3.4.2 Agile Technological Changes Offer New Challenges to the Existing Vendors
5.3.4.3 Traditional Organizational Culture is A Major Hurdle for the Adoption of Remote Asset Management Solutions

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