$3450
$2760
The Europe Asset Monitoring Market size was valued at US$ 344.14 million in 2024 and is expected to reach US$ 652.14 million by 2031; it is estimated to register a CAGR of 9.7% during 2025–2031. The role of 5G in remote asset monitoring is likely to remain a key market trend.
Europe Asset Monitoring Market Analysis
The rising adoption of IoT-based asset monitoring in industries and favorable government regulations for asset management solutions are driving their utilization in Europe. Industrial expansion, a growing focus on reducing machinery and equipment maintenance costs, and concerns related to workplace safety further fuel their utilization. Technological advancements, the focus of market players on developing AI-based asset management tools, and increasing demand for comprehensive asset performance management platforms further propel market growth. Also, with the soaring research and development activities, the benefits of 5G technology to speed up asset monitoring processes and businesses' implementation of cost reduction strategies are expected to create growth opportunities for the market during the forecast period.
Europe Asset Monitoring Market Overview
Asset monitoring uses hardware (such as sensors, RFID tags, and IoT devices), software, and services to monitor asset conditions and performance on a regular basis. It allows firms to ensure that their assets are available in the required number and quality at the appropriate time. The process encourages firms of timely maintenance and servicing of machines and equipment, inventory restocking, and keep track of their production counts before there is a delay in productivity. The integration of seamless asset monitoring hardware and software supports businesses to reduce expenses by delivering real-time insights into asset data. Benefits provided by asset monitoring solutions, such as continuous, accurate, predictive, and real-time monitoring, are driving their adoption. Asset monitoring solutions help businesses to schedule maintenance by monitoring assets, including machinery, buildings, furniture, and automobiles.
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Europe Asset Monitoring Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Asset Monitoring Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Europe Asset Monitoring Market Drivers and Opportunities
Rising Adoption of IoT-based Asset Monitoring Across Industries
IoT-based asset monitoring is used in industries such as warehouses, manufacturing and logistics facilities, data centers, manufacturing, supply chains, and hospitals. These industries use IoT-based asset monitoring solutions to control their operation, enhance efficiency, and accelerate task completion. These solutions are integrated with IoT-based sensors that alert asset managers about the unauthorized movement, tampering, or theft of assets. Businesses can use Global Positioning System (GPS), radio-frequency identification (RFID), and geofencing to avoid or respond to asset loss by increasing security and reducing financial losses. It also facilitates real-time asset monitoring, allowing businesses to know the exact location and condition of their assets. The growing adoption and implementation of continuous monitoring solutions among industries are surging the utilization of IoT-based asset monitoring solutions to monitor their physical assets in real time. Other industries, including heavy equipment, data centers, and construction are also adopting IoT-based asset monitoring solutions to automate their processes and lower operational costs, which propels the Europe Asset Monitoring Market growth.
Development of AI-based Asset Management Tools
Artificial intelligence (AI) technology is revolutionizing asset monitoring by enhancing their capabilities. AI-driven asset monitoring solutions leverage historical data alongside real-time sensor inputs to predict the performance of assets, including machinery and equipment. This proactive approach enables businesses to conduct regular maintenance before issues arise, thereby minimizing unexpected downtime and enhancing the longevity of their assets. It mitigates wear and tear, prolonging the lifespan of machinery and equipment while ensuring operational efficiency. Market players are deploying and launching AI-integrated asset monitoring solutions to examine asset data and identify maintenance requirements before a breakdown occurs; this supports heavy industries in reducing operational downtime by increasing operational efficiencies. AI platforms can track and monitor real-time performance and can detect anomalies in assets. AI generates data from IoT sensors and other sources and alerts operators to address the issues, enabling industries to operate at peak efficiency with minimal downtime. The predictive capabilities of AI are influencing the future operations of asset monitoring solutions. Thus, the shift toward more intelligent, accurate, reliable, data-driven, and real-time asset monitoring technologies is expected to create lucrative growth opportunities for the Europe Europe Asset Monitoring Market during the forecast period.
Europe Asset Monitoring Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Europe Asset Monitoring Market analysis are component, enterprise size, and end users.
- In terms of component, the Europe Asset Monitoring Market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2024. The software segment is further bifurcated into on-premise and cloud-based software.
- Based on enterprise size, the Europe Asset Monitoring Market is bifurcated into SMEs and large enterprises. The large enterprises segment held the largest market share in 2024.
- In terms of end users, the Europe Asset Monitoring Market is segmented into manufacturing, chemicals and petrochemicals, oil and gas, healthcare, construction, and others. The Manufacturing segment held the largest Europe Asset Monitoring Market share in 2024.
Europe Asset Monitoring Market Share Analysis by Geography
- The Europe Asset Monitoring Market is segmented into countries such as Finland, Sweden, Belgium, the Netherlands, Germany, and the Rest of Europe. Germany dominated the market in 2024, followed by the Rest of Europe and the Netherlands.
- The awareness related to the benefits of advanced technologies such as AI, digital twins, 5G, and Internet of Things (IoT)-based devices is rising among government and tech companies in Europe. The governments in Europe are planning to organize the IoT Tech Expo on 24–25 September 2025 at RAI, Amsterdam. The expo aims to create awareness related to the benefits provided by cutting-edge technologies such as IoT, digital twins & enterprise transformation, smart infrastructures & automation, edge platforms, and data & analytics. As businesses embrace automation in asset monitoring, the expansion of the IoT ecosystem directly impacts the Europe Asset Monitoring Market. IoT-based devices such as smart sensors, GPS trackers, RFID Tags, and readers, condition monitoring devices, connected cameras, access control systems, etc., are highly adopted for real-time asset monitoring by manufacturing, transportation, logistics, and healthcare industries. They provide continuous and real-time monitoring of assets, enabling quick access to data on their location, condition, status, and overall health; this supports asset managers in lowering downtime and ensures that issues with machines and equipment are identified early. The growing IoT infrastructure increases the adoption of reliable and high-performance asset monitoring solutions that support asset managers in real-time asset monitoring. Thus, the rising requirements for advanced asset monitoring software are expected to create future growth opportunities in the Europe Asset Monitoring Market.
Europe Asset Monitoring Market Report Scope
Europe Asset Monitoring Market News and Recent Developments
The Europe Asset Monitoring Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Europe Asset Monitoring Market are listed below:
- Oracle announced new Oracle Cloud Infrastructure (OCI) distributed cloud innovations to help meet the growing global demand for its AI and cloud services. With Oracle’s distributed cloud, customers can deploy OCI’s 150+ AI and cloud services at the edge, in their data center, across clouds, or in the public cloud. They can help address data privacy, sovereign AI, and low latency requirements. (Source: Oracle Corporation, Press Release, September 2024)
- Prysmian Group, the world leader in the energy and telecom cable systems industry, announced that it was present at the IOTHINGS WORLD conference, a leading event entirely focused on the Digital Transformation of Things. Here, the company presented PRY-CAM: AI and sensing technologies for the monitoring of electrical grids and assets.
(Source: Prysmian Group, Press Release, September 2021)
Europe Asset Monitoring Market Report Coverage and Deliverables
The "Europe Asset Monitoring Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Europe Asset Monitoring Market size and forecast at regional and country levels for all the key market segments covered under the scope
- Europe Asset Monitoring Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Europe Asset Monitoring Market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Europe Asset Monitoring Market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Hardwar segment dominated the asset monitoring market in 2024.
Rising adoption of IoT-based asset monitoring across industries and favorable government regulation for asset management are the major factors that propel the Europe asset monitoring market.
The Europe asset monitoring market is estimated to register a CAGR of 9.7% during the forecast period 2025–2031.
The Europe asset monitoring market is expected to reach US$ 652.14 million by 2031.
Role of 5G in remote asset monitoring to play a significant role in the Europe asset monitoring market in the coming years.
The key players holding majority shares in the Europe asset monitoring market are Asset Monitoring Solutions Limited, Yokogawa Electric Corp, Camlin Group, Emerson Electric Co, GE Vernova Inc, Oracle Corp, ABB Ltd, SGS SA, Prysmian SpA, and International Business Machines Corp.
The List of Companies - Asset Monitoring Market
- Asset Monitoring Solutions Limited
- Yokogawa Electric Corp
- Camlin Group
- Emerson Electric Co
- GE Vernova Inc
- Oracle Corp
- ABB Ltd
- SGS SA
- Prysmian SpA
- International Business Machines Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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