Asset management primarily comprises fixed asset management, financial asset management, IT asset management, digital asset management, and infrastructural asset management. From the recent past with the huge technological shift, asset management solutions are experiencing huge demand as businesses are looking for more advanced solutions that can simplify their asset management and reduce cost expenditure. Therefore, with the growing adoption of cloud-based services across numerous industries the demand for remote asset management has also risen in past few years as it allows business managers to manage their assets and augment asset lifecycle from remote locations.

Adroit Market Research study on the global market for remote asset management offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porters’ analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global remote asset management market have been analyzed in depth.

The fixed assets segment is likely to hold a significant market share in 2019. However, mobile assets management is anticipated to accumulate major growth during the forecast years. Major growth factors that contribute towards the growth of this segment are an increase in the adoption of advanced technologies that offer real-time information on the graphical representation of the asset's availability, utilization, and health. Moreover, integrated with GIS (Geographic Information System), mobile assets can enable access to spatial and business data in a single view.

Businesses are using cutting-edge solutions and technologies to gain more perceptibility into the multifaceted business data and make business management even more efficient. In order to manage the business efficiently, businesses primarily need to focus on their assets as they contribute towards major proportions of any business and if managed poorly it can directly hamper the business growth. Hence, with proper asset management solutions and services enterprises can efficiently control their assets and get insights into how their assets are being utilized.

The key players of the global remote asset management market report include AT&T, Bosch, Cisco Systems, Hitachi, IBM, Infosys, PTC, SAP, Schneider Electric, and Siemens.

Key Segments of the Global Remote asset management Market

Component Overview, 2018-2028 (USD Million)

• Solutions
• Services

Asset Type Overview, 2018-2028 (USD Million)

• Mobile Assets
• Fixed Assets

Industry Vertical Overview, 2018-2028 (USD Million)

• Energy and Utilities
• Transportation and Logistics
• Retail
• Manufacturing
• Healthcare
• Others

Regional Overview, 2018-2028 (USD Million)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Middle East and Africa

• UAE
• South Africa
• Rest of Middle East and Africa

South America

• Brazil
• Rest of South America