Remote Asset Management Market Share

Statistics for the 2023 & 2024 Remote Asset Management market share, created by Mordor Intelligence™ Industry Reports. Remote Asset Management share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Remote Asset Management Industry

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

Remote Asset Management Market Leaders

  1. Siemens Corporation

  2. AT&T Inc.

  3. Cisco Systems, Inc.

  4. Schneider Electric SE

  5. SAP SE

*Disclaimer: Major Players sorted in no particular order

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