A type of specification that facilitates the observation of network operational activities via remote devices known as monitors or probes is called remote monitoring. It is used for assisting network administrators to manage network infrastructure control and infrastructure management efficiently. Automated procedures often monitor and control many systems. The factors contributing to the growth of global remote monitoring and control market include asset excellence, growing demand for industrial automation, and the rising demand for industrial mobility in the process industry. However, the availability of alternatives and falling prices of raw materials can hamper the growth of this market.
Market Research Future (MRFR) has published a research report about the global remote monitoring and control market that foresees the proliferation of this market between 2017 and 2023, with 5% CAGR (Compound Annual Growth Rate). This report provides a detailed analysis of market structure along with factors affecting the market growth. Calculating the current market size, it estimates the future growth potential. Providing the strategic profiling of key players in the market, the report comprehensively analyzes their core competencies. It tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances.
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Major Key Players
The key players in global remote monitoring and control market include ABB Ltd. (Switzerland), Emerson Electric Co. (USA), Endress+Hauser AG (Switzerland), Fuji Electric Co., Ltd. (Japan), General Electric Co. (USA), Honeywell International Inc. (USA), Rockwell Automation, Inc. (USA), Schneider Electric SE (France), and Yokogawa Electric Corporation (Japan).
Latest Industry News
• Winnov, a key provider of video recording services for monitoring purposes has announced Command Center 2.4. This is the latest version of its remote monitoring and control software for Cbox multi-source recorders. This version features enhancements to the recordings management tool, a new mode for local capture and streaming, and an updated third-party scheduler. The updates extend options for video production and streamlines scheduling activities and management of recordings. 2 AUG 2018
• In the USA, The Trump Administration has decided to expand the use of remote monitors to track blood pressure and other vital signs for Medicare recipients living at home. 13 JUL 2018
According to Market Research Future Analysis, Remote Monitoring and Control Market has been valued at USD 23 billion by 2023 growing with 5% of CAGR during forecast period 2017 to 2023.
Regionally, North-America accounted for the largest market share majorly due to presence of large numbers of enterprises, increasing adoption of remote monitoring and control by the pharmaceuticals industry and increasing automation. However, Asia-Pacific region is expected to boost the growth of the remote monitoring and control market majorly due to rising demand for utilization of resources and to achieve excellence in various industries.
For the purpose of this study, Market Research Future has segmented the market of remote monitoring and control into component end-users and region.
- Oil & Gas
- Food & Beverages
- Water and Wastewater
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- Research firms
- Consultancy firms
- Software Developers
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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