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Remote Asset Management Market To Witness the Highest Growth Globally in Coming Years 2020-2025

Remote Asset Management Market – Size, Status and Forecast (2020 – 2025)

The Remote Asset Management Market report is a collection of useful information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments. This report on Remote Asset Management market gives historical, current, and future market sizes (US$ Mn) of product types, route of administration, distribution channels, and geographic regions.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

The Remote Asset Management Market is expected to reach a CAGR of 14.5%, during the period of 2020-2025.

Top Companies:  AT&T, Inc., Cisco Systems, Inc., IBM Corporation, SAP SE, Infosys Ltd., PTC, Inc., Rockwell Automation, Inc., Verizon Communications, Inc., Hitachi, Ltd., Schneider Electric SE

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Market Overview: Asset management and tracking solutions are increasingly resulting as a critical technique to achieve greater operational efficiencies in the current market scenario of rapid digitalization, in manufacturing environments and office spaces. Recent advancements in the IoT technology have enabled several end-users to acquire economical and efficient asset tracking hardware. In comparison to standard traditional asset tracking systems, modern IoT equipment that uses minimal electricity and infrastructure are driving the sales for asset tracking systems.
– Telstra, an Australian telecommunication company, recently released a suite of Internet of Things (IoT) tracking solutions, having Telstra Locator product, which is consumer-focused and an enterprise-focused Track and Monitor solution. The company is concentrating on the ‘location of things,’ thereby launching a small business, consumer, and enterprise solutions for connected asset tracking.

North America is Expected to Hold Major Share

– The North America region is expected to dominate the foreign asset management market due to the strong presence of manufacturing and transportation and logistics industries with several technological advancements in the area. Also, government initiatives and regulations in various end-user industries are expected to proliferate the market growth in the region.?
– For instance, the Federal Highway Association (FHWA), along with the American Association of State Highway and Transportation Officials (AASHTO), State and local departments of transportation (DOTs) have been encouraging the application of remote asset management in the transportation and logistics industry.?
– Also, the increasing cargo thefts and in-transit thefts and loss of goods-in-transit are further increasing the adoption of real-time location solutions in the region. For instance, according to a report by the Peel Regional Police, in 2018, 341 cases of cargo thefts were reported in the Peel Region, compared to 208 in all of California.?
– Moreover, the region has always been dominant in technology adoption in almost every end-user industry and has been one of the largest areas to implement IoT across sectors. Hence, these trends provide ample opportunities for real-time location system vendors in the region to expand their foothold in the region by enhancing their market presence.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: The Global Remote Asset Management Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team..

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Remote Asset Management Market 2020 Business Scenario – ABB, Hitachi, Robert Bosch, General Electric, Cisco, PTC, IBM, Schneider Electric

Remote Asset Management Market Share, Industry Size,

The Market Insights Reports has added a new statistical data to its repository titled as, Remote Asset Management Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.

The Remote Asset Management Market is expected to reach a CAGR of 14.5%, during the period of 2020-2025.

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Top Key players in the Remote Asset Management Market are ABB, Hitachi, Robert Bosch, General Electric, Cisco, PTC, IBM, Schneider Electric, Rockwell Automation, Infosys, SAP, Verizon Communications, Siemens and Others.

Recent Development:

– January 2020: Verizon Communications Inc. announced that partnered with Audi America., to deliver advanced connectivity and embedded in-vehicle connectivity solutions. Reportedly, these solutions enable Audi’s connected vehicle service (launching in 2020) are expected to be initially featured in Audi A4 and A5 model lines.

– November 2019: AT&T announced a collaboration with Nokia to delivering Munich-based innovation studio to support the growing global adoption of current and next-generation Internet of Things (IoT) solutions. This partnership will enable AT&T to help solve business problems associated with IoT solutions such as asset tracking and help it capture the European ecosystem.

Key Market Trends:

Manufacturing to Drive the Market Growth

– With the advent of industry 4.0 in the manufacturing industry, various plants are adopting digital technologies to enhance, automate, and modernize the whole process with an aim to gain more realization on investment and materials. The integration of different digital technologies, such as asset tracking, are significantly becoming prevalent, as it provides exceptional benefits.

– For example, it can offer real-time alerts and feedback to the manufacturing companies associated with products and equipment used in processes. This would mitigate not only the operational time but also enhance efficiency and productivity.

– At present, the consumer product manufacturing industry is transforming from mass production to an industry characterized by mass customization. The process of how products are designed and delivered requires a new level of sophistication and require metric that analyze a complex set of data for deep insights.

– The manufacturing companies are now modernizing their supply chain through big data and GPS tracking, IoT sensors which not only help in data-driven planning to address the supply, demand, and logistics issues but also provides a competitive advantage over counterparts and stay ahead in the market due to efficient maintenance of the assets.

– One such instance is from Apotex, a pharmaceutical manufacturer, upgraded its manufacturing processes to automate manual processes. This included ensuring consistent batch production by introducing RFID tracking, sorting, and process flow tracking. As a result, the company had real-time visibility into manufacturing operations.

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Highlights of TOC:

Market Overview: It starts with product overview and scope of the global Remote Asset Management market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Remote Asset Management market size analysis for the review period 2015-2025.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Remote Asset Management market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of Remote Asset Management market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the Remote Asset Management report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.

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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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Comprehensive Report on Remote Asset Management Market 2020 | Trends, Growth Demand, Opportunities & Forecast To 2026 | ROAMWORKS, Inc., IBM Corporation, Cisco Systems, Inc.

Remote Asset Management Market research report is the new statistical data source added by A2Z Market Research.

“Remote Asset Management Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

Remote Asset Management Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in this report are: 

ROAMWORKS, Inc., IBM Corporation, Cisco Systems, Inc., Siemens AG, Thorcom Systems, Ltd., Hitachi, Ltd., Rockwell Automation, Inc., Vodafone Group PLC., SAP SE, Schneider Electric SE, Verizon Communications, Inc., AT&T, Inc., RapidValue Solutions, Infosys Ltd., PTC, Inc., Verisae, Inc.

The key questions answered in this report:

  1. What will be the Market Size and Growth Rate in the forecast year?
  2. What are the Key Factors driving Remote Asset Management Market?
  3. What are the Risks and Challenges in front of the market?
  4. Who are the Key Vendors in Remote Asset Management Market?
  5. What are the Trending Factors influencing the market shares?
  6. What are the Key Outcomes of Porter’s five forces model?
  7. Which are the Global Opportunities for Expanding the Remote Asset Management Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Remote Asset Management market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Remote Asset Management market’s trajectory between forecast periods.

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The cost analysis of the Global Remote Asset Management Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

The report provides insights on the following pointers:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Remote Asset Management market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Remote Asset Management market.

Table of Contents

Global Remote Asset Management Market Research Report 2020 – 2026

Chapter 1 Remote Asset Management Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Remote Asset Management Market Forecast

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