Asset Monitoring Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Asset monitoring is also known as asset management or asset tracking. It includes hardware and software that logs information about tangible assets, allowing a business to verify its asset status and location. Asset monitoring improves the output of existing equipment, systems, and applications. Growing investment in the smart grid, increasing up-grading aging utility infrastructure, and the need to manage resources efficiently are the significant factors driving the asset monitoring market growth.

MARKET DYNAMICS

The increasing deployment of asset monitoring solutions owing to its benefits such as reduces the maintenance & operating costs and maximizing the life-span of existing plant and equipment by continuously and monitoring and tracking the equipment. This, in turn, booming the growth of asset monitoring market growth. Further, increasing demand for connected devices, the affordability of cloud computing services, and the rise in IoT adoption pave the way for efficient asset management, which also fueling the asset monitoring market growth. Growing energy demand, the advent of smart cities, increased distributed energy resources, and requirements for efficient and reliable power are expected to influence the asset monitoring market growth in the coming years.

MARKET SCOPE

The "Global Asset Monitoring Market Analysis to 2031" is a specialized and in-depth study of the asset monitoring industry with a special focus on the global market trend analysis. The report aims to provide an overview asset monitoring market with detailed market segmentation as component, deployment type, end-user, and geography. The global asset monitoring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading asset monitoring market players and offers key trends and opportunities in the asset monitoring market.

MARKET SEGMENTATION

The global asset monitoring market is segmented on the basis of component, deployment type, end-user. On the basis of component the market is segmented as hardware, software, services. On the basis of deployment type the market is segmented as cloud, on-premise. On the basis of end-user the market is segmented as transportation and logistics, manufacturing, healthcare, food and beverage, retail, oil and gas, energy and utilities, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global asset monitoring market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The asset monitoring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting asset monitoring market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the asset monitoring market in these regions.

MARKET PLAYERS

The reports cover key developments in the asset monitoring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Asset monitoring market are anticipated to lucrative growth opportunities in the future with the rising demand for asset monitoring in the global market. Below mentioned is the list of few companies engaged in the asset monitoring market.

The report also includes the profiles of key asset monitoring companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Asset Monitoring Solutions Limited
  
•   Avnet, Inc.
  
•   Capgemini SE
  
•   Emerson Electric Co.
  
•   General Electric Company
  
•   Kii Corporation
  
•   Oracle Corporation
  
•   Roambee Corporation
  
•   SICK AG
  
•   Trimble Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Asset Monitoring Report Scope