Global Smart Connected Assets and Operations Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Connected Assets and Operations Market By Module (Hardware, Assets Performance Management & Platform, Services), Industry (Automotive & Transportation, Energy & Power, Healthcare, Smart Agriculture, Factory Automation, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Smart Connected Assets and Operations Market

Global smart connected assets and operations market is expected to register a healthy CAGR of 10.13% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the development of cost-efficient hardware components and software platforms.

Market Definition: Global Smart Connected Assets and Operations Market

Smart connected assets and operations is described as the field wherein all of the devices are interconnected with one another in an enterprise to enhance the levels of productivity and service offering capabilities. These assets are accurately able to configure themselves according to the circumstances and environment to enable high efficiency and provide customer servicing of utmost quality.

Market Drivers:

  • Enhancement of industrial operations due to the benefits associated with interconnected devices/assets; this factor is expected to propel the growth of the market
  • Reduced volume of energy consumption and enhanced energy efficiency features associated with this technology also acts as a driving factor for this market growth
  • High flexibility and operational capabilities due to the connectivity of modern systems will also uplift the growth of this market in the forecast period

Market Restraints:

  • Inability for connecting the traditional equipments with the modern assets will hamper the market growth
  • Unavailability of standards and regulations regarding the interconnectivity of these assets; this factor is expected to act as a restraint to the growth of the market

Segmentation: Global Smart Connected Assets and Operations Market

By Module

  • Hardware

    • Processors

      • Microcontrollers
      • Application Processor
      • DSP
      • Memory Chips
      • FPGA

    • Sensors

      • Temperature
      • Pressure
      • Humidity
      • Flow
      • Accelerometer
      • Magnetometer
      • Gyroscope
      • Image
      • Touch
      • Proximity
      • Acoustic
      • Motion
      • Occupancy
      • Others

    • Network Connectivity

      • Wired Technologies
      • Wireless Technologies

        • RFID
        • Wireless-Hart
        • Digimesh
        • ISA100.11a
        • IEEE 802.15.4
        • NFC
        • ANT+
        • Wi-Fi
        • Wimax
        • Zigbee
        • Enocean
        • Bluetooth
        • Eddystone-Bluetooth Low Energy (BLE)
        • Cellular Technologies

  • Assets Performance Management & Platform

    • Aspects

      • Reliability-Centred Maintenance (RCM)
      • Condition-Based Monitoring (CBM)
      • Mro Inventory Optimization

    • Applications

      • Design & Configuration
      • Past Performance
      • Predicted Future Failure
      • Raw Material
      • Environmental Impact
      • Customer Requirements
      • Supplier Performance

    • Services

      • Professional
      • Managed

By Industry

  • Automotive & Transportation

    • Roadways
    • Railways
    • Airways
    • Maritime

  • Energy & Power
  • Healthcare

    • Telemedicine
    • Clinical Operations & Workflow Management
    • Connected Imaging
    • Inpatient Monitoring
    • Medication Management
    • Others

  • Smart Agriculture

    • Precision Farming
    • Livestock Monitoring
    • Fish Farming
    • Smart Greenhouse
    • Others

  • Factory Automation
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In December 2018, GE announced that they had decied to formulate an independent company focusing on development of Industrial Internet of Things (IIoT) software products. The company will have an established customer base along with annual revenues from software of approximately USD 1.2 billion and will operate as a wholly owned subsidiary of GE
  • In May 2016, Capgemini announced the availability of “Digital Manufacturing Services”, based on the industrial expertise of the organization to help provide manufacturing end-users to enhance their productivity and turnaround time. This service will be delivered through the company’s “Center of Excellence” (CoE) situated in Mumbai, India along with manufacturing hubs situated in North America, France and Germany

Competitive Analysis

Global smart connected assets and operations market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart connected assets and operations market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global smart connected assets and operations market are Arm Limited; PTC; Cisco; GE Digital; Capgemini; Intel Corporation; IBM Corporation; Texas Instruments Incorporated; Cypress Semiconductor Corporation; Rockwell Automation, Inc.; STMicroelectronics; NXP Semiconductors; ABB; Fiix Inc. among others.

Research Methodology: Global Smart Connected Assets and Operations Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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