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Remote Monitoring Control Market is predicted to reach USD 6.8090 Billion at a CAGR of 20.20% by 2032- Report by Market Research Future (MRFR)

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New York, US, April 26, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Remote Monitoring Control Market Research Report: By Component, Application and End-users – Forecast Till 2032, the market is anticipated to acquire a valuation of approximately USD 6.8090 Billion by the end of 2032. The reports further predict the market to flourish at a robust CAGR of over 20.20% during the assessment timeframe.

Key Players

The key players in the remote monitoring control market include.

  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation.

Drivers of the Remote Monitoring Control Market

The increasing demand for automation and digitalization across industries is one of the key drivers of the remote monitoring control market. Remote monitoring control solutions enable real-time data monitoring, analysis, and control from remote locations, which reduces the need for manual intervention, improves efficiency, and lowers operational costs.

Another major driver of the market is the growing demand for remote healthcare monitoring solutions. Remote healthcare monitoring solutions enable healthcare providers to monitor patients remotely, which improves patient outcomes, reduces hospital readmissions, and lowers healthcare costs.

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Report Scope:

Report Metric Details
Revenue forecast in 2032 USD 6.8090 Billion
Growth Rate CAGR of 20.20% from 2023to 2032
Base Year 2021
Study Period 2023-2032
Key Market Opportunities It helps to improve employee health and wellness
Key Market Drivers Increasing Industrial Automation

Browse In-depth Market Research Report (110 Pages) on Remote Monitoring Control Market:

https://www.marketresearchfuture.com/reports/remote-monitoring-control-market-3882

Challenges

One of the major challenges in the remote monitoring control market is the high cost of implementing remote monitoring control solutions. The cost of hardware, software, and infrastructure required for remote monitoring control solutions can be prohibitively high, especially for small and medium-sized businesses.

Another challenge is the lack of standardization in the remote monitoring control market. There are a large number of vendors offering remote monitoring control solutions, each with their own proprietary hardware, software, and protocols. This can make it difficult for businesses to choose the right solution for their needs and can also create interoperability issues between different solutions.

Remote Monitoring Control Market Segmentation and Regional Analysis

The remote monitoring control market is segmented by type, technology, application, and region. By type, the market is segmented into hardware, software, and services. By technology, the market is segmented into wired and wireless. By application, the market is segmented into healthcare, energy and utilities, manufacturing, automotive and transportation, and others.

In terms of region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the market during the forecast period, due to the presence of a large number of key players in the region and the high adoption of remote monitoring control solutions across industries.

Industry Trends

One of the major trends in the remote monitoring control market is the growing adoption of cloud-based remote monitoring control solutions. Cloud-based solutions offer a number of benefits over traditional on-premise solutions, including lower costs, easier scalability, and improved accessibility.

Another trend is the growing use of artificial intelligence and machine learning in remote monitoring control solutions. These technologies enable remote monitoring control solutions to analyze large volumes of data in real-time, identify patterns and trends, and make predictions and recommendations based on that data.

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Remote Monitoring Control Market Opportunities

  • Growing Demand for Remote Healthcare Monitoring Solutions
  • The growing demand for remote healthcare monitoring solutions is expected to be a major driver of growth in the remote monitoring control market in the coming years. Remote healthcare monitoring solutions enable healthcare providers to monitor patients remotely, improving patient outcomes and reducing healthcare costs.
  • Increasing Adoption of Cloud-Based Remote Monitoring Control Solutions
  • The increasing adoption of cloud-based remote monitoring control solutions is expected to create significant opportunities for vendors in the market. Cloud-based solutions offer a number of benefits over traditional on-premise solutions, including lower costs, easier scalability, and improved accessibility.
  • Use of Artificial Intelligence and Machine Learning in Remote Monitoring Control Solutions
  • The use of artificial intelligence and machine learning in remote monitoring control solutions is expected to drive significant growth in the market in the coming years. These technologies enable remote monitoring control solutions to analyze large volumes of data in real-time, identify patterns and trends, and make predictions and recommendations based on that data.

In conclusion, the global remote monitoring control market is expected to continue to evolve rapidly in the coming years, with new technologies and solutions being developed to meet the changing needs of businesses across industries. The growing demand for remote healthcare monitoring solutions, increasing adoption of cloud-based solutions, and use of artificial intelligence and machine learning are all expected to create significant opportunities for vendors in the market.

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Recent Developments

  • Honeywell International Inc. Launches New Remote Monitoring Control Solution for the Oil and Gas Industry
  • In 2021, Honeywell International Inc. launched a new remote monitoring control solution for the oil and gas industry. The solution enables operators to monitor and control operations remotely in real-time, improving efficiency, reducing downtime, and increasing safety.
  • Siemens AG Acquires Plant Data Services
  • In 2021, Siemens AG announced that it had acquired Plant Data Services, a provider of remote monitoring and diagnostic services for rotating equipment in the oil and gas industry. The acquisition will enable Siemens AG to expand its remote monitoring control offerings and improve its ability to provide predictive maintenance services to customers.
  • Rockwell Automation, Inc. Launches New Remote Monitoring Control Solution for Industrial Automation
  • In 2021, Rockwell Automation, Inc. launched a new remote monitoring control solution for industrial automation. The solution enables businesses to monitor and control their automation systems remotely, improving efficiency and reducing downtime.

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Industrial Control Systems Market Research Report: By Control system, component, application, and Region- Forecast Till 2030

Digital Signal Processors (DSP) Market Research Report: By Product Type, Operating Platforms, and Region- Forecast Till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
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New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com

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University medical centers in Germany choose Sectra’s radiology solution to streamline workflows and shorten lead times for patients

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LINKÖPING, Sweden, April 23, 2024 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra (STO: SECT B) has signed two contracts to provide the radiology module of its enterprise imaging solution with two university medical centers in Germany—Universitätsklinikum Tübingen and Universitätsmedizin Göttingen. By implementing Sectra’s radiology solution, the hospitals aim to improve and streamline radiology workflows with Sectra’s tools for enhanced reporting efficiency, in turn speeding up diagnostics.

“When choosing a vendor, we wanted one that could provide us with a stable and fast system. We also wanted one facilitating collaboration among our radiologists. That way we can streamline our radiology workflows and in turn shorten lead times for patients as well as reduce the ever increasing workload for radiologists,” says Dr. Babak Panahi, Managing Senior Physician and Head of CT and CT Intervention, Universitätsmedizin Göttingen.
Universitätsmedizin Göttingen and Universitätsklinikum Tübingen are two university medical centers located in the cities of Göttingen and Tübingen in Germany managing 300,000 and 600,000 radiology exams a year. The two separate contracts for Sectra’s radiology solution were both signed during the third quarter of Sectra’s 2023/2024 fiscal year.
“Radiologists are under a lot of pressure as they are challenged to handle more images and more complex cases with less resources. Having a solution designed to streamline radiology workflows, facilitating reading and reporting of images, is therefore paramount. I am happy and excited to support Universitätsmedizin Göttingen and Universitätsklinikum Tübingen on their journey towards efficient radiology diagnostics,” says Guido Bötticher, Managing Director, Sectra DACH.
The radiology module is part of Sectra’s enterprise imaging solution that provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in ‘Best in KLAS’.
About SectraSectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2022/2023 fiscal year totaled SEK 2,351 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.
For further information, please contact: Dr. Torbjörn Kronander, CEO and President Sectra  AB, 46 (0) 705 23 52 27Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, 46 (0)708 23 56 10
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New CPS Protection Platform: TXOne Networks Unveils SageOne at GISec Global

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TAIPEI, April 23, 2024 /PRNewswire/ — TXOne Networks, a frontrunner in the realm of cyber-physical systems (CPS) security, is set to unveil its groundbreaking CPS security platform, SageOne, at the highly anticipated GISec Global from April 23rd to 25th, 2024. Attendees can find TXOne Networks showcasing SageOne at stand B99 in hall 5. This innovative platform consolidates all CPS security products onto a single, central management platform, promising streamlined operations and optimized threat detection capabilities.

SageOne, aptly named “Wise Man Number One,” serves as a comprehensive management console providing a holistic view of the CPS attack surface within operational technology (OT) environments. By enabling centralized control of TXOne’s three core product lines – Stellar for endpoint protection, Element for security inspection, and Edge for network defense – SageOne facilitates integrated OT security throughout the lifecycle of protected assets, ensuring robust threat detection and response mechanisms.
Key features of SageOne include:
CPS Attack Surface Management: Prioritizing operational security by offering clear visibility into the overall security posture of OT environments, SageOne identifies security focal points, illuminating asset information and security controls.Integrated Lifecycle Protection: Through centralized management, SageOne simplifies cybersecurity governance and fosters collaborative defense. It serves as an abstraction layer, facilitating contextualization and consolidation of data across multiple products, offering tailored, task-oriented consoles for executives, security personnel, and plant leaders.CPS Threat Detection & Response: SageOne aggregates security insights from various solutions to scout for potential risks, enabling early caution and response to both known and unknown threats.SageOne’s foundation rests upon advanced components, including Threat Intelligence, Behavior-Based AI Analytics Engines, Compliance Framework, Data Visualizer, and Ecosystem Integrator, ensuring comprehensive protection and seamless integration of different tools and technologies.
With its focus on analyzing unexpected behavior and unknown threats, SageOne enables the identification of suspicious events through cross-telemetry analysis within the OT-native XDR engine. This amalgamation of advanced technologies and user-friendly interface ensures the protection of critical infrastructures.
For rapid threat response, SageOne issues early warnings of suspicious behavior and orchestrates cross-telemetry analysis for CPS Threat Detection & Response. Integrated Lifecycle Protection ensures the security of devices and systems throughout their service life, contributing to great cost efficiency.
TXOne Networks reaffirms its commitment to CPS security and continuous advancement in OT security through SageOne. Visit TXOne Networks at the GISec Global from April 23rd to 25th, 2024, at stand B99 in hall 5.
For further updates and information, follow TXOne Networks on the blog, Twitter, and LinkedIn.
About TXOne Networks:
TXOne Networks provides OT security products ensuring reliability and security in industrial control systems and operational technology environments through the OT Zero Trust methodology. Collaborating with leading industrial manufacturers and critical infrastructure operators, TXOne Networks offers practical and business-friendly approaches to OT defense. Its network and endpoint-based products secure OT networks and mission-critical devices in real-time with high security depth.
Website: www.txone.com 
Photo – https://mma.prnewswire.com/media/2389611/SageOne_header_3.jpg

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Imparta Launches World’s First Sales Methodology-Aware AI

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LONDON, April 23, 2024 /PRNewswire/ — Imparta Ltd, a global leader in performance improvement for customer-facing teams, has announced the release of i-Coach AI, the world’s first sales methodology-aware AI.

Over the past 18 months, AI has reshaped many industries and professions, with sales being no exception. Yet, generic LLMs such as ChatGPT are poor at coaching, and at selling. Even data-driven AI insights are only as good as the qualitative frameworks that underpin their observations.
i-Coach AI is the first expert Sales AI Coach that follows a proven, structured coaching process, and is fluent in all aspects of sales, account management, negotiation, customer success, commercial and business acumen, sales management and sales leadership. It is powered by Imparta’s award-winning, research-based Agile 3D methodology and complete, modular skills library.
Richard Barkey, Founder and CEO of Imparta, said “GenAI is one of the few truly transformative technologies in our lifetimes, and one that no sales organisation can ignore. We are genuinely excited to introduce i-Coach AI, an enterprise-grade coaching tool for salespeople, managers and leaders. I’m not exaggerating when I say that I’m using i-Coach AI myself, to think through strategies around specific clients, and indeed for the whole business. This tool is designed to integrate seamlessly across various sales ecosystems and tech stacks, and provides targeted, IP-aware coaching and practice simulations of customer conversations, at multiple points of need.”
As part of the launch, Imparta will host a webinar on April 23rd and May 2nd, hosted by Richard Barkey, titled ‘Leveraging Sales Methodology-Aware AI at Scale in the Enterprise’. Click here to learn more.
During this webinar, Richard will announce details of i-Coach AI and Imparta’s upcoming course for sales teams: Leveraging AI for Sales. He will also set out a range of essential use cases that we are rolling out across Imparta’s agile sales ecosystem and across the tech stack.
About Imparta
Imparta is a global leader in performance improvement for Sales, CX and Leadership. Our modular ecosystem includes three elements, developed through 25 years of research and experience with leading global organisations: Agile Sales Methodology, Agile Change Process and AI Sales Technology.
Whether you need to plug a gap in your existing training, provide self-paced learning, or build an entire Sales, CX or Leadership Academy, get in touch at [email protected].
Website: www.imparta.com
Photo: https://mma.prnewswire.com/media/2392278/i_Coach_Imparta_Ltd.jpg
Contact details: Adam [email protected] Tel: +44 (0) 20 7610 8800

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