PUBLISHER: The Business Research Company | PRODUCT CODE: 1678316
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678316
Remote Monitoring And Control Global Market Report 2025
Remote monitoring and control systems are designed to automate the management of extensive and complex procedures. These systems typically involve a combination of digital and mechanical components working together to capture, process, and act on a larger volume of information at a faster pace than human staff members could do safely or efficiently.
The major classifications within remote monitoring and control include solutions and field instruments. Solutions represent tangible business outcomes providing quantifiable value to clients. These encompass monitoring and control actions applicable in industries such as oil and gas, chemical, water and wastewater treatment, metals and mining, food and beverages, power, automotive, pharmaceuticals, among others.
The remote monitoring and control market research report is one of a series of new reports from The Business Research Company that provides remote monitoring and control market statistics, including remote monitoring and control industry global market size, regional shares, competitors with a remote monitoring and control market share, detailed remote monitoring and control market segments, market trends and opportunities, and any further data you may need to thrive in the remote monitoring and control industry. This remote monitoring and control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The remote monitoring and control market size has grown strongly in recent years. It will grow from $29.15 billion in 2024 to $30.85 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to industry automation and efficiency, demand for real-time monitoring, cost savings and resource optimization, rising complexity in industrial processes, focus on safety and compliance.
The remote monitoring and control market size is expected to see strong growth in the next few years. It will grow to $40.74 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to digital transformation initiatives, integration with IoT and data analytics, focus on sustainability and energy efficiency, expansion of industrial Internet, resilience and business continuity. Major trends in the forecast period include integration with 5G technology, focus on remote asset management, adoption of augmented reality (AR) for remote assistance, remote monitoring in agriculture, regulatory compliance in remote monitoring solutions.
The increasing demand for automation is anticipated to drive the growth of the remote monitoring and control market in the future. Automation refers to technologies that reduce the need for human intervention to perform tasks. Remote monitoring and control are vital components of any automated system, as they offer a secure way to monitor potentially hazardous machinery and other systems. As the need for automation rises, so will the demand for remote monitoring and control solutions. For example, in December 2022, Paperform, an Australia-based online form builder, reported that 76% of businesses were using automation to standardize or automate daily workflows, while 58% employed it for data and reporting in planning, and 36% used it for regulatory or compliance reasons. Thus, the growing need for automation is fueling the expansion of the remote monitoring and control market.
The increasing adoption of IoT is expected to enhance the growth of the remote monitoring and control market moving forward. IoT adoption refers to the widespread integration and application of Internet of Things (IoT) technologies across various industries and sectors. The extensive use of IoT technologies, which facilitate seamless connectivity and communication between devices, drives the demand for remote monitoring and control solutions. For instance, in August 2022, a report from the Health Sector Cybersecurity Coordination Center (HC3), a division of the U.S. Department of Health and Human Services' Cybersecurity Program, indicated that around 7 billion devices were connected through the Internet of Things (IoT) in 2022. Projections suggest significant growth, with an estimated additional 20 billion devices expected to utilize this technology by 2025. Therefore, the rising adoption of IoT is propelling the growth of the remote monitoring and control market.
Leading companies in the remote monitoring and control market are prioritizing the development of new technologies, such as automation platforms, to maintain their competitive edge. For example, in July 2024, Emerson, a U.S.-based provider of information technology solutions, launched Ovation 4.0, a major update to its automation platform designed to improve operational capabilities for utilities in the power and water sectors. This updated version features a software-defined architecture that utilizes data and artificial intelligence (AI). Ovation 4.0 tackles key challenges faced by utilities by modernizing their operations, enhancing performance and availability, and enabling better management of a diverse mix of energy resources, both traditional and renewable.
Major companies in the remote monitoring and control market is the development of groundbreaking solutions such as bioreactor control software. Bioreactor control software, specialized computer programs or applications, is designed for monitoring, controlling, and optimizing bioreactor operations. For example, in November 2023, The Cultivated B. GmbH, based in Germany, introduced a next-generation bioreactor remote monitoring and control software. This software offers a real-time, application-specific, personalized user interface for AUXO V bioreactors, accompanied by advanced remote accessibility features. Representing a significant advancement in the cultivated meat industry, the software ensures unparalleled convenience, flexibility, and efficiency, catering to both expert and non-expert users involved in managing bioprocesses.
In September 2022, MOBILTEX, a US-based provider of innovative field and cloud-connected technologies, acquired GCR Tech Limited for an undisclosed amount. This acquisition is expected to synergize Mobiltex's IIoT technology with GCR Tech's expertise in pressure management and product quality. GCR Tech's capabilities will empower Mobiltex to offer innovative pressure measurement and remote monitoring solutions to their primary clients. GCR Tech, headquartered in the UK, specializes in manufacturing pressure measurement and remote monitoring solutions.
Major companies operating in the remote monitoring and control market include Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric, Honeywell International Inc., ABB Ltd, Schlumberger Limited, Johnson Controls International plc, Larsen & Toubro Ltd., Eaton Corporation plc, Texas Instruments Incorporated, Nidec Corporation, Emerson Electric Co, Bosch Rexroth AG, Rockwell Automation Inc., OMRON Corporation, Fanuc Corporation, Teledyne Technologies Incorporated, Phoenix Contact GmbH & Co KG, Sensata Technologies Inc., Endress+Hauser Group Services AG, Yokogawa Electric Corporation, Advantech Co Ltd., National Instruments Corporation, Fuji Electric Co Ltd., ICONICS Inc., KROHNE Messtechnik GmbH, SICK AG, ProSoft Technology Inc., Novatech Measurements Limited, Toshiba Corporation
Asia-Pacific was the largest region in the global remote monitoring and control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global remote monitoring and control market during the forecast period. The regions covered in the remote monitoring and control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the remote monitoring and control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The remote monitoring and control market consists of sales of sensors, detectors, actuators, modules, and other related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Scope
Table of Contents
1. Executive Summary
2. Remote Monitoring And Control Market Characteristics
3. Remote Monitoring And Control Market Trends And Strategies
4. Remote Monitoring And Control Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Remote Monitoring And Control Growth Analysis And Strategic Analysis Framework
- 5.1. Global Remote Monitoring And Control PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Remote Monitoring And Control Market Growth Rate Analysis
- 5.4. Global Remote Monitoring And Control Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Remote Monitoring And Control Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Remote Monitoring And Control Total Addressable Market (TAM)
6. Remote Monitoring And Control Market Segmentation
7. Remote Monitoring And Control Market Regional And Country Analysis
8. Asia-Pacific Remote Monitoring And Control Market
9. China Remote Monitoring And Control Market
10. India Remote Monitoring And Control Market
11. Japan Remote Monitoring And Control Market
12. Australia Remote Monitoring And Control Market
13. Indonesia Remote Monitoring And Control Market
14. South Korea Remote Monitoring And Control Market
15. Western Europe Remote Monitoring And Control Market
16. UK Remote Monitoring And Control Market
17. Germany Remote Monitoring And Control Market
18. France Remote Monitoring And Control Market
19. Italy Remote Monitoring And Control Market
20. Spain Remote Monitoring And Control Market
21. Eastern Europe Remote Monitoring And Control Market
22. Russia Remote Monitoring And Control Market
23. North America Remote Monitoring And Control Market
24. USA Remote Monitoring And Control Market
25. Canada Remote Monitoring And Control Market
26. South America Remote Monitoring And Control Market
27. Brazil Remote Monitoring And Control Market
28. Middle East Remote Monitoring And Control Market
29. Africa Remote Monitoring And Control Market
30. Remote Monitoring And Control Market Competitive Landscape And Company Profiles
31. Remote Monitoring And Control Market Other Major And Innovative Companies
32. Global Remote Monitoring And Control Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Remote Monitoring And Control Market
34. Recent Developments In The Remote Monitoring And Control Market
35. Remote Monitoring And Control Market High Potential Countries, Segments and Strategies
36. Appendix
