Global Industrial Remote Asset Management Market Research Report 2023

Remote Asset Management is one of the many use cases of the IoT revolution. The world of sensors, gateways and cloud applications is transforming the entire landscape of management and control at the disposal of an organisation that has assets in remote offices and dispersed areas. Many industries have already benefitted tremendously from video surveillance and its applications. One of the examples is the Banking industry has applied the technology to watch over its ATMs.

The global Industrial Remote Asset Management market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Knowing the health and condition of rotating mechanical assets allows operators to plan for repairs rather than react to unexpected failures. Sharing this information between maintenance and operations means repairs are anticipated and production schedules are adjusted accordingly. Remote asset management system diagnoses and communicates the health of mechanical and rotating machinery using data from several predictive maintenance technologies. The result, a comprehensive view of each monitored machine and a more accurate diagnosis when developing problems are discovered.

This report aims to provide a comprehensive presentation of the global market for Industrial Remote Asset Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Remote Asset Management.

The Industrial Remote Asset Management market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Industrial Remote Asset Management market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Industrial Remote Asset Management companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Industrial Remote Asset Management Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 On-premises

1.2.3 Cloud Based

1.3 Market by Application

1.3.1 Global Industrial Remote Asset Management Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 SMEs

1.3.3 Large Enterprises

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Industrial Remote Asset Management Market Perspective (2018-2029)

2.2 Industrial Remote Asset Management Growth Trends by Region

2.2.1 Global Industrial Remote Asset Management Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Industrial Remote Asset Management Historic Market Size by Region (2018-2023)

2.2.3 Industrial Remote Asset Management Forecasted Market Size by Region (2024-2029)

2.3 Industrial Remote Asset Management Market Dynamics

2.3.1 Industrial Remote Asset Management Industry Trends

2.3.2 Industrial Remote Asset Management Market Drivers

2.3.3 Industrial Remote Asset Management Market Challenges

2.3.4 Industrial Remote Asset Management Market Restraints

3.1 Global Top Industrial Remote Asset Management Players by Revenue

3.1.1 Global Top Industrial Remote Asset Management Players by Revenue (2018-2023)

3.1.2 Global Industrial Remote Asset Management Revenue Market Share by Players (2018-2023)

3.2 Global Industrial Remote Asset Management Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Industrial Remote Asset Management Revenue

3.4 Global Industrial Remote Asset Management Market Concentration Ratio

3.4.1 Global Industrial Remote Asset Management Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Industrial Remote Asset Management Revenue in 2022

3.5 Industrial Remote Asset Management Key Players Head office and Area Served

3.6 Key Players Industrial Remote Asset Management Product Solution and Service

3.7 Date of Enter into Industrial Remote Asset Management Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Industrial Remote Asset Management Historic Market Size by Type (2018-2023)

4.2 Global Industrial Remote Asset Management Forecasted Market Size by Type (2024-2029)

5.1 Global Industrial Remote Asset Management Historic Market Size by Application (2018-2023)

5.2 Global Industrial Remote Asset Management Forecasted Market Size by Application (2024-2029)

6.1 North America Industrial Remote Asset Management Market Size (2018-2029)

6.2 North America Industrial Remote Asset Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Industrial Remote Asset Management Market Size by Country (2018-2023)

6.4 North America Industrial Remote Asset Management Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Industrial Remote Asset Management Market Size (2018-2029)

7.2 Europe Industrial Remote Asset Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Industrial Remote Asset Management Market Size by Country (2018-2023)

7.4 Europe Industrial Remote Asset Management Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Industrial Remote Asset Management Market Size (2018-2029)

8.2 Asia-Pacific Industrial Remote Asset Management Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Industrial Remote Asset Management Market Size by Region (2018-2023)

8.4 Asia-Pacific Industrial Remote Asset Management Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Industrial Remote Asset Management Market Size (2018-2029)

9.2 Latin America Industrial Remote Asset Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Industrial Remote Asset Management Market Size by Country (2018-2023)

9.4 Latin America Industrial Remote Asset Management Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Industrial Remote Asset Management Market Size (2018-2029)

10.2 Middle East & Africa Industrial Remote Asset Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Industrial Remote Asset Management Market Size by Country (2018-2023)

10.4 Middle East & Africa Industrial Remote Asset Management Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 AT&T

11.1.1 AT&T Company Detail

11.1.2 AT&T Business Overview

11.1.3 AT&T Industrial Remote Asset Management Introduction

11.1.4 AT&T Revenue in Industrial Remote Asset Management Business (2018-2023)

11.1.5 AT&T Recent Development

11.2 Cisco Systems

11.2.1 Cisco Systems Company Detail

11.2.2 Cisco Systems Business Overview

11.2.3 Cisco Systems Industrial Remote Asset Management Introduction

11.2.4 Cisco Systems Revenue in Industrial Remote Asset Management Business (2018-2023)

11.2.5 Cisco Systems Recent Development

11.3 Hitachi

11.3.1 Hitachi Company Detail

11.3.2 Hitachi Business Overview

11.3.3 Hitachi Industrial Remote Asset Management Introduction

11.3.4 Hitachi Revenue in Industrial Remote Asset Management Business (2018-2023)

11.3.5 Hitachi Recent Development

11.4 Schneider Electric

11.4.1 Schneider Electric Company Detail

11.4.2 Schneider Electric Business Overview

11.4.3 Schneider Electric Industrial Remote Asset Management Introduction

11.4.4 Schneider Electric Revenue in Industrial Remote Asset Management Business (2018-2023)

11.4.5 Schneider Electric Recent Development

11.5 PTC

11.5.1 PTC Company Detail

11.5.2 PTC Business Overview

11.5.3 PTC Industrial Remote Asset Management Introduction

11.5.4 PTC Revenue in Industrial Remote Asset Management Business (2018-2023)

11.5.5 PTC Recent Development

11.6 Infosys

11.6.1 Infosys Company Detail

11.6.2 Infosys Business Overview

11.6.3 Infosys Industrial Remote Asset Management Introduction

11.6.4 Infosys Revenue in Industrial Remote Asset Management Business (2018-2023)

11.6.5 Infosys Recent Development

11.7 IBM

11.7.1 IBM Company Detail

11.7.2 IBM Business Overview

11.7.3 IBM Industrial Remote Asset Management Introduction

11.7.4 IBM Revenue in Industrial Remote Asset Management Business (2018-2023)

11.7.5 IBM Recent Development

11.8 Rockwell Automation

11.8.1 Rockwell Automation Company Detail

11.8.2 Rockwell Automation Business Overview

11.8.3 Rockwell Automation Industrial Remote Asset Management Introduction

11.8.4 Rockwell Automation Revenue in Industrial Remote Asset Management Business (2018-2023)

11.8.5 Rockwell Automation Recent Development

11.9 SAP

11.9.1 SAP Company Detail

11.9.2 SAP Business Overview

11.9.3 SAP Industrial Remote Asset Management Introduction

11.9.4 SAP Revenue in Industrial Remote Asset Management Business (2018-2023)

11.9.5 SAP Recent Development

11.10 Verizon Communications

11.10.1 Verizon Communications Company Detail

11.10.2 Verizon Communications Business Overview

11.10.3 Verizon Communications Industrial Remote Asset Management Introduction

11.10.4 Verizon Communications Revenue in Industrial Remote Asset Management Business (2018-2023)

11.10.5 Verizon Communications Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Industrial Remote Asset Management Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of On-premises

    Table 3. Key Players of Cloud Based

    Table 4. Global Industrial Remote Asset Management Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Industrial Remote Asset Management Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Industrial Remote Asset Management Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Industrial Remote Asset Management Market Share by Region (2018-2023)

    Table 8. Global Industrial Remote Asset Management Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Industrial Remote Asset Management Market Share by Region (2024-2029)

    Table 10. Industrial Remote Asset Management Market Trends

    Table 11. Industrial Remote Asset Management Market Drivers

    Table 12. Industrial Remote Asset Management Market Challenges

    Table 13. Industrial Remote Asset Management Market Restraints

    Table 14. Global Industrial Remote Asset Management Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Industrial Remote Asset Management Market Share by Players (2018-2023)

    Table 16. Global Top Industrial Remote Asset Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial Remote Asset Management as of 2022)

    Table 17. Ranking of Global Top Industrial Remote Asset Management Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Industrial Remote Asset Management Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Industrial Remote Asset Management Product Solution and Service

    Table 21. Date of Enter into Industrial Remote Asset Management Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Industrial Remote Asset Management Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Industrial Remote Asset Management Revenue Market Share by Type (2018-2023)

    Table 25. Global Industrial Remote Asset Management Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Industrial Remote Asset Management Revenue Market Share by Type (2024-2029)

    Table 27. Global Industrial Remote Asset Management Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Industrial Remote Asset Management Revenue Market Share by Application (2018-2023)

    Table 29. Global Industrial Remote Asset Management Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Industrial Remote Asset Management Revenue Market Share by Application (2024-2029)

    Table 31. North America Industrial Remote Asset Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Industrial Remote Asset Management Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Industrial Remote Asset Management Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Industrial Remote Asset Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Industrial Remote Asset Management Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Industrial Remote Asset Management Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Industrial Remote Asset Management Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Industrial Remote Asset Management Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Industrial Remote Asset Management Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Industrial Remote Asset Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Industrial Remote Asset Management Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Industrial Remote Asset Management Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Industrial Remote Asset Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Industrial Remote Asset Management Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Industrial Remote Asset Management Market Size by Country (2024-2029) & (US$ Million)

    Table 46. AT&T Company Detail

    Table 47. AT&T Business Overview

    Table 48. AT&T Industrial Remote Asset Management Product

    Table 49. AT&T Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 50. AT&T Recent Development

    Table 51. Cisco Systems Company Detail

    Table 52. Cisco Systems Business Overview

    Table 53. Cisco Systems Industrial Remote Asset Management Product

    Table 54. Cisco Systems Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 55. Cisco Systems Recent Development

    Table 56. Hitachi Company Detail

    Table 57. Hitachi Business Overview

    Table 58. Hitachi Industrial Remote Asset Management Product

    Table 59. Hitachi Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 60. Hitachi Recent Development

    Table 61. Schneider Electric Company Detail

    Table 62. Schneider Electric Business Overview

    Table 63. Schneider Electric Industrial Remote Asset Management Product

    Table 64. Schneider Electric Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 65. Schneider Electric Recent Development

    Table 66. PTC Company Detail

    Table 67. PTC Business Overview

    Table 68. PTC Industrial Remote Asset Management Product

    Table 69. PTC Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 70. PTC Recent Development

    Table 71. Infosys Company Detail

    Table 72. Infosys Business Overview

    Table 73. Infosys Industrial Remote Asset Management Product

    Table 74. Infosys Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 75. Infosys Recent Development

    Table 76. IBM Company Detail

    Table 77. IBM Business Overview

    Table 78. IBM Industrial Remote Asset Management Product

    Table 79. IBM Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 80. IBM Recent Development

    Table 81. Rockwell Automation Company Detail

    Table 82. Rockwell Automation Business Overview

    Table 83. Rockwell Automation Industrial Remote Asset Management Product

    Table 84. Rockwell Automation Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 85. Rockwell Automation Recent Development

    Table 86. SAP Company Detail

    Table 87. SAP Business Overview

    Table 88. SAP Industrial Remote Asset Management Product

    Table 89. SAP Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 90. SAP Recent Development

    Table 91. Verizon Communications Company Detail

    Table 92. Verizon Communications Business Overview

    Table 93. Verizon Communications Industrial Remote Asset Management Product

    Table 94. Verizon Communications Revenue in Industrial Remote Asset Management Business (2018-2023) & (US$ Million)

    Table 95. Verizon Communications Recent Development

    Table 96. Research Programs/Design for This Report

    Table 97. Key Data Information from Secondary Sources

    Table 98. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Industrial Remote Asset Management Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Industrial Remote Asset Management Market Share by Type: 2022 VS 2029

    Figure 3. On-premises Features

    Figure 4. Cloud Based Features

    Figure 5. Global Industrial Remote Asset Management Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Industrial Remote Asset Management Market Share by Application: 2022 VS 2029

    Figure 7. SMEs Case Studies

    Figure 8. Large Enterprises Case Studies

    Figure 9. Industrial Remote Asset Management Report Years Considered

    Figure 10. Global Industrial Remote Asset Management Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 11. Global Industrial Remote Asset Management Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global Industrial Remote Asset Management Market Share by Region: 2022 VS 2029

    Figure 13. Global Industrial Remote Asset Management Market Share by Players in 2022

    Figure 14. Global Top Industrial Remote Asset Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial Remote Asset Management as of 2022)

    Figure 15. The Top 10 and 5 Players Market Share by Industrial Remote Asset Management Revenue in 2022

    Figure 16. North America Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 17. North America Industrial Remote Asset Management Market Share by Country (2018-2029)

    Figure 18. United States Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. Canada Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Europe Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Industrial Remote Asset Management Market Share by Country (2018-2029)

    Figure 22. Germany Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. France Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. U.K. Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Italy Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Russia Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Nordic Countries Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Asia-Pacific Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Industrial Remote Asset Management Market Share by Region (2018-2029)

    Figure 30. China Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Japan Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. South Korea Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Southeast Asia Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. India Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Australia Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Latin America Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Industrial Remote Asset Management Market Share by Country (2018-2029)

    Figure 38. Mexico Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Brazil Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Middle East & Africa Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Industrial Remote Asset Management Market Share by Country (2018-2029)

    Figure 42. Turkey Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Saudi Arabia Industrial Remote Asset Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. AT&T Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 45. Cisco Systems Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 46. Hitachi Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 47. Schneider Electric Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 48. PTC Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 49. Infosys Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 50. IBM Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 51. Rockwell Automation Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 52. SAP Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 53. Verizon Communications Revenue Growth Rate in Industrial Remote Asset Management Business (2018-2023)

    Figure 54. Bottom-up and Top-down Approaches for This Report

    Figure 55. Data Triangulation

    Figure 56. Key Executives Interviewed