The article cited AMA's Global Remote Asset Management Market Study explored substantial growth with CAGR of 14.89%. According the report, Increase in Affordability of Cloud Computing Services is one of the primary growth factors for the market. Surge In the Adoption of IoT-Enabled Remote Asset Management Solutions to Manage Assets Efficiency
is also expected to contribute significantly to the Remote Asset Management market. Overall, applications of Remote Asset Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Remote Asset Management market identified that the demand is rising in many different parts of the world as "COVID-19 Pandemic is expected to Open New Avenues for the Remote Asset Management Industry
" Furthermore, some recent industry insights like "On 6 Nov 2019, IBM announced Maximo Asset Monitor, a new AI-powered monitoring solution designed to help maintenance and operations leaders better understand and improve the performance of their high-value physical assets. An extension of IBM's market-leading IBM Maximo capabilities, this new solution will help unlock essential insights with AI-powered anomaly detection and provide enterprise-wide visibility into critical equipment performance. The result is faster problem identification that can inform better decisions and reduce downtime." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Remote Asset Management market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Remote Asset Management market and other related sub-markets covered in the study.
o Key & emerging players in the Remote Asset Management market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Remote Asset Management market size is calculated using market estimation process, the Remote Asset Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Remote Asset Management market size has been validated using both top-down and bottom-up approaches.