The Latin America, Middle East and Africa Remote Monitoring and Control Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Remote monitoring of complex physical assets offers potential benefits when used in specific verticals, such as the agriculture and healthcare sector. Implementing remote monitoring will become necessary as corporations pursue value from more dependable and digital-laden products. Companies that have already adopted this system have established benefits to placing themselves in best-class service.
With the emergence of web technology, the browser-based solution has gained prominence and allowed monitoring from remote locations. The arrival of high-speed mobile data technologies has permitted the deployment of solutions which could be accessed via tablets and smartphones by using certain browsers. Currently available solutions provide control through Human Machine Interface (HMI), which is securely used by VPN (a virtual private network).
Saudi Arabia’s ICT (Information and Communications Technology) sector is valued over USD 32.1 billion and is among the largest sectors in the Middle East and North Africa. The sector is well-positioned to develop as a technology and cloud hub with access to worldwide connectivity over the Red Sea & the Gulf. In 2020, the manufacturing and retail sectors of the South African automotive industry collectively contributed a significant value of 4.9% to the nation’s gross domestic product (GDP).
The Brazil market dominated the LAMEA Remote Monitoring and Control Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $586.2 million by 2028. The Argentina market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.5% during (2022 - 2028).
Based on Industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Metals & Mining, Food & Beverage, Chemical, Power, Automotive, Pharmaceutical, Semiconductor & Electronics, and Others. Based on Component, the market is segmented into Solution (SCADA and Vibration Monitoring) and Field Instruments (Pressure Transmitters, Temperature Transmitters, Humidity Transmitters, Level Transmitters, Intelligent Flow Meters, and Others). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Remote Monitoring and Control Market is Predict to reach $33.3 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Honeywell International, Inc., Siemens AG, Schneider Electric SE, ABB Group, General Electric (GE) Co., Rockwell Automation, Inc., Yokogawa Electric Corporation, Fuji Electric Co., Ltd., and Endress+Hauser AG.
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