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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

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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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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)
99 Hudson Street, 5Th Floor
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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Artificial Intelligence

CUJO AI Hits 3 Billion Devices, With EE Also Revealed As Latest Client

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CUJO AI is the first device intelligence and cybersecurity service provider to reach an unprecedented scale within carrier production networks.
LOS ANGELES, May 22, 2024 /PRNewswire/ — CUJO AI, the global leader in AI-driven cybersecurity and device intelligence, has reached an unprecedented scale, with over 3 billion devices identified and protected by its solutions worldwide. This significant milestone coincides with the confirmation of its collaboration with EE, one of the United Kingdom’s leading telecommunications providers.

With billions of devices connecting to the internet, the role of CUJO AI in shaping the future of digital security through device intelligence has never been more critical. By leveraging advanced AI and machine learning algorithms, CUJO AI offers network operators and service providers unparalleled insights into device behaviour, security needs, and operational health. These capabilities enable network service providers to optimize network management, enhance user experiences, and provide robust security measures that proactively protect against emerging threats.
“Crossing the 3 billion device threshold is not just a testament to our technological prowess, but also to the trust we have built with leading telecom giants around the world, including our latest engagement with EE,” said Remko Vos, CEO of CUJO AI. “This relationship reflects our shared vision to provide a secure and superior digital experience by leveraging our AI-driven solutions to protect users worldwide.”
CUJO AI has been working with EE to provide integrated cybersecurity solutions for its latest range of home routers launched last year, including support for the newly launched Smart Hub Plus.
Trusted by global telecommunications giants like Comcast, Charter Communications, TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron, EE CUJO AI provides actionable, real-time data insights. This translates into superior network management, heightened security, and unmatched customer satisfaction.
About CUJO AI
CUJO AI enhances the ability to understand, serve, and protect their customers with advanced cybersecurity, along with granular network and device intelligence for network service providers. Covering 3 billion connected devices, CUJO AI’s advanced AI algorithms assist clients in uncovering previously unavailable insights, thereby elevating customer experience and retention through new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI’s services are trusted by the largest broadband operators worldwide, including Comcast, Charter Communications, BT (EE), TELUS, Sky Italia, Sky UK, Rogers, Cox, Shaw, and Videotron. More information is available at https://cujo.com.
CONTACT: Viktorija Vilke, [email protected]
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EDGNEX Data Centres by DAMAC Announces a 15 MW Data Center Investment in Indonesia

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JAKARTA, Indonesia, May 22, 2024 /PRNewswire/ — EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its investment into the Indonesian market with a state-of-the-art data center to be built in Jakarta. This announcement was made at the Indonesia Cloud & Datacenter Convention 2024 on May 16, 2024. The first phase of the construction is scheduled to be completed in the fourth quarter of 2025, marking a significant step in the company’s strategic efforts to support the dynamic digital economy and startup ecosystem in Southeast Asia’s fastest-growing country.[1]

Indonesia, as the largest economy in Southeast Asia, experienced a growth rate of 5% year-on-year from January to March 2023. Currently, Jakarta is preparing to increase its data center capacity to 1GW. To support this growth, more colocation data centers adhering to sustainable Tier III standards and offering high uptime and reliability are needed to meet the rising demand for internet usage in the region.[2]
In response to these needs, EDGNEX is providing a foundation for innovation and disrupting the data center market by delivering advanced technology to meet the increasing demand from Cloud Service Providers (CSP) and AI deployments.[3]
Hussain Sajwani, Founder and Chairman of the DAMAC Group, commented, “EDGNEX identifies and invests in present and next-generation digital hubs. The government’s robust digitalisation efforts, high internet penetration and a tech-savvy, youthful demographic, necessitate advanced infrastructure to support the burgeoning digital economy. With this announcement we are pleased to support the government’s efforts and to bring our expertise in setting new standards for data centres in Southeast Asia, catalysing further technological innovation and growth across the region.”
The new data center is strategically located in MT Haryono, Jakarta, just 3 kilometers from one of the most interconnected data center clusters – the most important internet exchange point in central Jakarta. This facility will have dual road access and excellent fiber optic connectivity, ensuring enhanced service reliability and superior performance to meet the evolving demands of customers.
Danish Nayar, SVP of Investments and Acquisitions, DAMAC Capital, added: “We are excited by the growth opportunities in Jakarta. Our new facility in downtown Jakarta will address the growing demand for Cloud Service Providers, Edge Nodes, and potential Artificial Intelligence deployments. We are also investing in a similar format across SEA and globally.”
[1]Data Center Trends Report Equinix 2023[2] Data Center Trends Report Equinix 2023 [3] Equinix: Southeast Asian Markets are Emerging as a Powerhouse for Digital Growth
About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services. 
Where We Go, Others Follow. www.edgnex.com
For media inquiries, please contact:Image DynamicsNajla [email protected]+62813-2090-9717Angelina [email protected]+62812-9942-7117
 
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VisionFlow Launches Talkit: Revolutionizing language learning with a westworld-like immersive 3D world

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PARIS, May 22, 2024 /PRNewswire/ — VisionFlow, an innovative AI-native startup, announces the launch of Talkit in France, a 3D world app powered by generative AI that revolutionizes spoken English learning with a personalized, engaging, and immersive experience.

From May 22 to 25, VisionFlow will showcase Talkit at VivaTechnology, demonstrating its capabilities on both smartphones and the Apple Vision Pro headset for an enhanced immersive experience. Following its initial launch, Talkit will also be available on Google Play and Apple Vision Pro in June.
Talkit differentiates itself from traditional teaching methods by offering an exceptionally adaptive approach to language learning. Users are immersed in a virtual world where they can improve their spoken English skills through real-time, tailored scenarios. With customizable avatars, users can choose from various learning themes, such as preparing for travel, practicing for interviews, and even simulating medical emergencies, all accessible from their smartphones anytime, anywhere.
VisionFlow leverages generative AI technologies to power the engaging learning experience in Talkit. It is a scenario creation loop that personalizes content, difficulty levels, and interactive experiences. This dynamic, seamless, and exclusive generation process adjusts learning points to each user’s language proficiency.
By analyzing users’ input and progress, Talkit breaks down learning goals and needs into multiple personalized scenarios and exercises, helping them truly improve their language expression and communication skills.
As users continue to interact with avatars, their conversations are continuously memorized, enabling Talkit to better understand each user over time, thereby fostering a strong sense of connection with the virtual characters.
About VisionFlow
Founded by Leo Liu in 2023, VisionFlow aims to create a 3D world for 2 billion language learners worldwide, delivering a personalized and immersive language learning experience. Leo Liu is a renowned AI educational technology entrepreneur, founder of the unicorn Knowbox, and the driving force behind the Homework Box AI learning app, which is used by over 100,000 schools and 100 million students to improve their grades. VisionFlow’s core team consists of experts from leading internet giants and top online education companies, bringing extensive expertise in AI products and technology, global growth strategies, and data-driven operations.
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