Remote Monitoring and Control Market Opportunities, Comprehensive Research Study, Leading Growth Drivers, Emerging Audience, Segments, Industry Sales & Profits
(firmenpresse) - Market Highlights
Remote monitoring and control are used for the monitoring of parameters such as level, pressure, temperature, etc. It is widely used in industries such as oil & gas, chemicals, etc. The developments in these regions are anticipated to catalyze the growth of the remote monitoring and control market in the foreseeable future. Increasing investments in raising the efficiency of the industrial processes are expected to lead the proliferation of the remote monitoring and control market during the evaluation period.
Remote monitoring and control devices facilitate the efficient management of industrial processes. It is used for supervision and control. In this report circulated by Market Research Future (MRFR), the global remote monitoring and control market is anticipated to register 5% CAGR over the forecast period 2017 to 2023. The market is expected to reach a valuation of USD 23 Bn by the end of the assessment period.
The installation of these devices facilitates the minimization of downtime. It helps in effective power monitoring, which is prognosticated to dictate the growth pattern of the remote monitoring and control market. Also, the advancements in technology are expected to improve the user experience with these devices. The integration of remote monitoring and control with smartphones is one of the major factors expected to pave the way for revenue growth in the coming years.
Regional Analysis:
The regional analysis of the global remote monitoring and control market is carried on in this report for a detailed study. It studies the global market on the basis of four key regions - North America, Europe, Asia, and Rest of the World (ROW). These regions are studied further on the basis of country-level markets. North America is expected to witness a sharp rise in the growth curve of the regional remote monitoring and control market which can be attributed to the increased rate of adoption of these devices in the industries. Asia Pacific, too, is a major market that resonates strong growth potential. The expansion of the end-user industries in the region is projected to unleash growth opportunities for the remote monitoring and control market players operating in the region.
Competitive Dashboard:
Honeywell International Inc. (US), Rockwell Automation, Inc. (US), Emerson Electric Co. (US), Schneider Electric SE (France), Fuji Electric Co., Ltd. (Japan), Yokogawa Electric Corporation (Japan), ABB Ltd. (Switzerland), General Electric Co. (US), and Endress+Hauser AG (Switzerland) are few of the prominent players of the remote monitoring and control market.
These players are anticipated to invest in advancing technologies to stay ahead of the curve. In addition, investments in the expansion of the regional footprint are also projected to intensify the competition in the remote monitoring and control market over the next couple of years. Some of the inorganic approaches of growth anticipated to be utilized by these players in the nearing years are – collaborations, strategic partnerships, alliances, mergers & acquisitions, agreements, etc.
Segmentation:
On the basis of component, the remote monitoring and control market has been divided into solution and instruments.
On the basis of End-users, the remote monitoring and control market has been segmented into Mining, chemicals, Metals, Chemical, Oil & Gas, power, food & beverage, Water and Wastewater, pharmaceuticals, and others.
Industry News:
In November 2019, Calix, a global provider of the cloud and software platforms, has announced the enhancement of its remote monitoring services. The enhanced product line offers ease of use, along with increased control and management.
In November 2019, the provider of cloud-first, mobile-first remote monitoring and management (RMM) software, Pulseway, has announced the launch of mobile remote-control feature for boosting security and accessibility.
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/remote-monitoring-control-market-3882
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2020 - 12:22 Uhr
Sprache: Deutsch
News-ID 616476
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