Internet of Things (IoT) remote monitoring provides real-time conditional and usage data about equipment, machines, and infrastructure. IoT sensors are placed on or in assets to make this possible, revealing various metrics. Remote monitoring of IoT assets is essential for organizations to improve efficiency, address problems before they exacerbate, and make informed decisions.
IoT remote monitoring empowers you to identify issues before equipment fails, a machine goes down, or a structure collapses. Remotely managing an asset can be done from anywhere, translating into quick, data-driven decision-making. Through timely maintenance, your organization can maximize the longevity of assets.
Some of the main benefits of IoT remote monitoring include the following:
IoT remote monitoring solutions can monitor various parameters of equipment and machines, such as temperature, humidity levels, air quality, pressure, and vibration. As a result, companies can ensure their assets are in good health, extending asset longevity and improving safety. In this section, I will walk you through the four key use cases of remote monitoring in the IoT.
Remote monitoring systems allow companies to measure environmental conditions within warehouses, manufacturing plants, retail facilities, oil & gas sites, and other commercial or industrial environments. The reduced costs of retrofit sensors have been a big reason why environmental monitoring applications have expanded. Refrigeration monitoring, gas detection, and environmental quality control (water, pollution, air quality, etc.) are three of the most prominent use cases for remotely monitoring industrial operations.
IoT sensors, gateways, and loggers are often used to remotely monitor a machine’s health and condition. Manufacturers and energy suppliers are the top users of remote machine monitoring, supporting predictive maintenance use cases. The two main benefits of remotely monitoring machines are visibility and control. Industrial companies spend a lot of money on high-value assets, making it imperative that these assets remain in good condition for a long time and generate maximum Return on Investment (ROI).
Vibration is one of the most common parameters measured with IoT remote machine monitoring. Monitoring vibration levels, often in tandem with the electrical signature or acoustic monitoring, enables enterprises to detect mechanical faults within moving equipment.
While industrial firms are the top users of remote machine monitoring solutions, ABI Research has also observed the growing adoption among commercial users. IoT machine monitoring is vital for companies aiming to minimize energy consumption or ensure the safe operation of elevators/escalators.
Another key use case for IoT remote management platforms is process instrumentation, which supports three important outcomes:
Process instrumentation facilitates the measurement of flow and pressure for critical processes. My team and I have seen a growing investment trend in software that supports remote monitoring vendors in improving their use of facility-wide data. Better data use will allow IoT vendors to unlock new use cases for existing industrial markets like tank monitoring.
IoT remote tracking can also gauge the structural health of bridges, dams, construction sites, mines, railways, and other civil infrastructure. As pointed out in an earlier blog post, detecting early warning signs of structural damage is nearly impossible. In most cases, corrosion, soil degradation, fatigue, and other detrimental factors cannot be seen by the naked eye. As bridges and other infrastructure continue to age and climate disasters remain on the rise, IoT remote management of these structures is essential for societal safety.
Civil engineers and other infrastructure managers have a wide range of IoT sensors they can leverage, including but not limited to:
This next section lists some of the key vendors offering solutions for remote IoT management. The vendor landscape comprises equipment vendors like Baker Hughes and Danfoss, instrumentation vendors like Banner Engineering and Fortive, wireless IoT specialists like Samotics, and networking vendors like Advantech.
Baker Hughes comes from an equipment background. The Houston, Texas-based company sells IoT sensors and measurement equipment alongside additional Original Equipment Manufacturer (OEM) parts and equipment for various industries. Baker Hughes, like other OEMs, targets a range of use cases, particularly the following:
Bently Nevada, part of Baker Hughes, acquired Divigraph in 2022, enabling it to grow its capabilities in hardware design and manufacturing. The acquisition allows the company to tighten the integration between the IoT hardware and its existing software and systems.
Industrial automation vendors such as Danfoss, Emerson, and Johnson Controls offer sensors and connectivity within their equipment. In 2017, Danfoss acquired Prosa, a software analytics company, to create its digital services for the food industry. Its telematics unit in refrigeration systems sends data to the cloud, allowing for real time data collection and remote control of units, including refrigeration temperature, machine faults, and energy consumption. Danfoss' IoT solution, ProsaLink, sends telematics data and critical alerts to a mobile app, ensuring that products like medicines and perishable food products in the cold chain remain unspoiled.
Danfoss is enhancing its cloud services to offer customers remote visibility and control of distributed assets. Utilizing embedded IoT sensors and connectivity in its equipment, it has developed various cloud services to manage and act on these data. These include Leanheat for energy systems, AISense for food industries and Heating, Ventilation, and Air Conditioning (HVAC), and DrivePro for remote Alternating Current (AC) drive monitoring.
Automation vendor Banner Engineering provides sensors, measurement tools, and industrial Light-Emitting Diode (LED) signage solutions for various IoT markets, along with gateways and controllers. In 2007, it introduced the SureCross WSN solution, a proprietary wireless protocol that connects Input/Output (I/O) sensors to nodes for wireless communication with gateways.
Banner Engineering continues to focus on wireless I/O solutions, launching the Snap Signal solution in 2022/2023. Snap Digital converts various industrial protocols into a common format and supports modular architectures. Banner Engineering has also introduced fully wireless sensors for remote machine and tank monitoring. The company launched the Cloud Data Services platform in 2018 for central data storage, analytics, dashboarding, and alerting. This solution reinforces Banner Eningeering's strategy to become a comprehensive edge-to-cloud solution provider with a strong emphasis on wireless technology.
Fortive Corp. is a conglomerate with various brands serving different industries. One key subsidiary is Fluke, which focuses on test and measurement equipment for OT environments. Under the Fluke Reliability brand, Fluke offers IoT remote condition monitoring solutions for maintenance teams, combining hardware and software from PRUFTECHNIK (instrumentation), eMaint (Computerized Maintenance Management System (CMMS)), and Fluke Connect (cloud software).
The eMaint CMMS includes Connect2Assets, which integrates data from control systems and software without additional instrumentation. Fluke Accelix further allows data sharing with third-party systems. Fluke’s tools enable remote asset tracking through wireless vibration sensors and handheld devices, data aggregation and analysis, and maintenance work order creation. In 2023, Fluke acquired Azima DLI for Artificial Intelligence (AI) vibration analytics and had previously invested in Everactive for battery-free sensors.
Fortive also owns several other monitoring companies:
Samotics specializes in wireless IoT condition monitoring, assessing the health and energy efficiency of motorized equipment by analyzing current and voltage inside motor control cabinets. It provides both devices and a platform for applications and analytics.
While major instrumentation and automation vendors like ABB and Schneider Electric have in-house Condition-Based Monitoring (CBM) solutions, integrating Samotics enhances the quality of their analytics and flexibility in addressing niche requirements. This integration strengthens Samotics' remote IoT monitoring portfolio, broadening its use case expertise for customers.
Advantech is a comprehensive IoT provider, offering a wide range of products. These products include modules, antennas, gateways, control systems, sensors, design services, and cloud services. The company has developed middleware platforms such as iFactory, iHealthcare, and iLogistics to cater to various markets.
Advantech also offers proprietary devices like I/O bridge devices for connecting wired sensors to wireless systems and the WISE 2000 series for remotely tracking parameters such as vibration and electrical current. In 2022, Advantech partnered with Actility to launch an end-to-end solution for rotating equipment monitoring. The solution combines its vibration sensor with gateways, Actility's network server, and its software and analytics. Advantech's strategy provides flexibility to customers, allowing them to build customized IoT monitoring solutions or deploy turnkey solutions with minimal complexity.
Figure 1: IoT Remote Monitoring Solutions Ecosystem
(Source: ABI Research)
The IoT remote monitoring ecosystem is steadily expanding, with a diverse vendor landscape providing value for machine builders and end customers. Hardware and software vendors aim to support instrumentation and automation capabilities, while wireless IoT specialists focus on data transmission from edge IoT devices to cloud platforms. ABI Research has observed remote IoT tracking solutions evolving in three key ways as vendors build for future use cases:
There are three main vendor groups within the IoT remote monitoring market: component vendors, instrumentation and automation suppliers, and wireless IoT specialists. ABI Research recently published an in-depth report detailing the positioning strategies of these various vendors, including:
Download our Remote Monitoring Markets for IoT: Ecosystem and Market Dynamics Analysis research report today.