Global Remote Monitoring Services Market – Introduction
- Nowadays, enterprises are emphasizing on deploying remote monitoring services to provide real-time and secure monitoring of a company’s physical infrastructure. Remote monitoring services act as a primary or secondary support for a company’s IT infrastructure and are useful IT management tools to reduce maintenance cost.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Impact of Coronavirus (COVID-19) on the Remote Monitoring Services Market
Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19), has a positive impact on the remote monitoring services market. Increasing demand to enforce social distancing due to the highly contagious nature of Coronavirus (COVID-19) has encouraged enterprises to deploy work-from-home (WFH). Enterprises are focusing on deploying remote access monitoring services to run their businesses more efficiently. This is positively impacting the adoption of remote monitoring services worldwide.
Increasing Investment in Network Communication Technology (5G), Driving the Remote Monitoring Services Market
- In this technological era, network communication technology is gaining major importance across industries to deal with the presumptions and challenges of the future.
- Faster networking data rates, higher bandwidth, and lower latencies are the major requirements across industries in order to enhance business operations remotely. Network communication technology such as private LTE and 5G networking are significantly supporting these requirements. Likewise, increasing investments to enhance networking technology is the key strategy that is being followed by governments or private vendors to expand these networks across regions worldwide.
- Governments across major nations such as the U.S, Germany, Japan, India, and China are active in deploying 5G networking infrastructure to enable efficient networking solutions to improve business operations. Meanwhile, private LTE networking technology is already prevalent in enterprises across the U.S and Japan; whereas developing countries are still willing to deploy 5G network by the major organizations across the entire industries. For instance, Europe has decided to increase network-related investment by 60% and also operating expense during 2024 – 2025. In 2018, Ericsson increased its investment for deploying 5G network across the U.S.
- Telecom providers have more chances to grow with every generation of technology. When 4G networking technology was launched, there was a decline in the revenue generated by smartphone operators due its tepid and flat growth, even with huge investments made for the growth of 4G infrastructure, specifically for Europe and Latin America.
- Therefore, increasing investment in network communication technology such as 5G is significantly driving the growth of the remote monitoring services market worldwide.
Lack of Networking Infrastructure Specifically In Underdeveloped Nations Expected to Hamper the Global Remote Monitoring Services Market
- Various enterprises across underdeveloped nations suffer from lack of networking infrastructure owing to low financial budgets. They still depend on 2G/3G spectrum to run their business.
- Therefore, lack of networking infrastructure, specifically in underdeveloped nations, is expected to hamper the global remote monitoring services market.
For Right Perspective & Competitive Insights on Automotive Brake Override System Market, Request for a Sample
North America to Account for Major Share of the Global Remote Monitoring Services Market
- In terms of region, the global remote monitoring services market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America is anticipated to account for major share of the global remote monitoring services market during the forecast period due to growing popularity of SaaS-based remote monitoring solutions, indicating potential growth of the market in the region. Europe is expected to be the second largest market for remote monitoring services from 2024 to 2030.
- Asia Pacific is projected to be a rapidly growing market for remote monitoring services during the forecast period due to increasing demand for uninterrupted network connectivity, specifically in India, Japan, and China.
Key Players Operating in the Global Remote Monitoring Services Market
- Daikin Industries, Ltd.
- Enterprise Computing Services
- Flatworld Solutions
- Hewlett Packard Enterprise
- Schneider Electric
- Suma Soft
- Others
Global Remote Monitoring Services Market: Research Scope
Global Remote Monitoring Services Market, by Component
- Software/ Platform
- Cloud
- On-premise
- Services
- Professional
- Maintenance & Integration
- Consulting & Training
- Managed
- Professional
Global Remote Monitoring Services Market, by Type
- Application Monitoring
- Network Monitoring
- Website Monitoring
- Server Monitoring
Global Remote Monitoring Services Market, by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Global Remote Monitoring Services Market, by End-user
- Healthcare
- BFSI
- Government
- Energy & Utilities
- Manufacturing
- Retail
- IT & Telecom
- Others
Global Remote Monitoring Services Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
Read Our Latest Press Release:
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
