Remote Monitoring Management Software Statistics 2024


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In the digital age, where efficiency and agility are paramount, the role of remote monitoring management software has become increasingly significant. As we approach 2024, understanding the dynamics and growth patterns of this software is crucial for navigating the evolving business landscape. These statistics offer a clear lens into market trends, technological advancements, and the shifting needs of industries dependent on seamless remote operations. By scrutinizing this data, businesses can anticipate changes, capitalize on emerging opportunities, and mitigate potential risks.

Stakeholders across various sectors, including IT managers, business leaders, and technology investors, will find this data particularly valuable. IT managers can leverage these insights to enhance system efficiency and security. Business leaders can identify growth opportunities and streamline operations, while technology investors can pinpoint lucrative ventures and make informed investment decisions. This comprehensive analysis not only illuminates the current state of the industry but also forecasts future developments, enabling stakeholders to stay ahead of the curve.

Ultimately, these statistics are indispensable tools for strategic planning and decision-making in the fast-paced realm of remote monitoring management. They empower organizations to refine their strategies, optimize resource allocation, and drive innovation. By delving into this data, readers are equipped with the knowledge to thrive in an industry that is continually reshaping the future of remote work and management.

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Top Remote Monitoring Management Software Statistics 2024

☰ Use “CTRL+F” to quickly find Remote Monitoring Management Software facts. There are total 65 Remote Monitoring Management Software Statistics on this page 🙂

Cost And Investment

  • Cove’s cloud-first architecture offers disaster recovery at up to 60% lower cost than proprietary appliances. [?]
  • 46% of HR leaders plan to increase investments in HR technology. [3]
  • HR technology is the top investment priority for HR leaders in 2023. [3]
  • The cost of implementing disruptive technologies is a significant deterrent for 23% of businesses, mainly small and medium-sized enterprises. [3]
  • By 2025, the market for remote patient monitoring will be worth USD 4.07 billion, growing at a CAGR of 8.74%. [4]
  • The wearable medical device market, a key component of remote patient monitoring, is expected to reach $87.5 billion by 2027. [23]
  • Digital transformation spending is expected to reach $2.3 trillion by 2023. [5]
  • Remote Monitoring & Management (RMM) Tools Market is projected to reach USD 1548.94 Million by 2030, growing at a CAGR of 9.3% from 2024-2030. [17]
  • The global cloud market is set to hit $832.1 billion by 2025. [20]

Awards And Recognitions

  • Nable was awarded the 2023 CRN ARC Award for Best in Class, MSP Platforms. [1]
  • Apty was recognized as a Leader among Digital Adoption Platforms in IDC MarketScape 2024. [5]
  • Critical Start was named a Major Player in IDC MarketScape for Emerging Managed Detection and Response Services 2024. [12]

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Adoption And Usage

  • 63% of employees discontinue the use of technology if they fail to perceive its relevance to their daily work. [3]
  • 83% of HR leaders lack the right HR technology, with only 59% using HR analytics. [3]
  • 46% of respondents prioritize better business outcomes through HR technology. [3]
  • In 2021, 23 million patients utilized remote patient monitoring technologies. This number is expected to rise to 70.6 million by 2025. [4]
  • 80% of Americans support remote patient monitoring, and 50-70% favor using it to monitor heart rate, blood pressure, and sugar levels. [4]
  • 75% of doctors in urban and rural areas have adopted remote patient monitoring to manage chronic disorders. [4]
  • By 2027, 115.5 million patients worldwide will utilize RPM systems. [4]
  • The global remote patient monitoring market is projected to grow at a CAGR of 30.7%, reaching a value of nearly $189 billion by 2028. [25]

Benefits And Outcomes

  • Remote patient monitoring reduces hospital readmission by 85% and saves costs up to USD 5.5 million. [4]
  • Remote patient monitoring offers benefits like convenience (45%), efficiency (40%), control over personal health (38%), greater accuracy (37%), and peace of mind (37%). [4]
  • By providing patients with tablets and RPM equipment, the University of Pittsburgh Medical Center lowered hospital readmissions by 76% and maintained patient satisfaction rates above 90%. [4]
  • In a survey, RPM helped patients with heart failure receive healthcare at a $10,000 annual savings per patient. [4]
  • According to the Centers for Medicare & Medicaid Services, remote patient monitoring can save the healthcare industry up to USD 200 billion over 25 years. [15]

Security And Compliance

  • Data security is the top priority for 53% of respondents when selecting HR tech. [3]
  • During COVID-19, Health Insurance Portability & Accountability Act restrictions on telehealth were relaxed. [4]
  • The Centers for Medicare & Medicaid Services introduced multiple CPT codes to support remote patient monitoring and therapeutic monitoring. [4]

Technology And Infrastructure

  • 1,200 out-of-the-box monitoring templates are available to monitor servers, applications, systems, and infrastructure, including remote servers. [2]
  • Digital experience monitoring provides deep insight into end-user experience, monitoring performance in local networks, end-user devices, ISPs, and data centers or SaaS applications. [9]
  • Gartner expects 75% of organizations that benefit from distributed enterprise advantages to realize 25% faster revenue growth by 2023. [6]
  • By 2025, AI Trust, Risk, and Security Management (AI TRiSM) market size is expected to rise at a CAGR of 21.3%. [19]

Market Trends And Predictions

  • Digital transformation is reshaping the business world, with 91% of businesses embarking on digital initiatives. [5]
  • By 2025, 70% of organizations will use digital adoption platforms across the entire technology stack. [5]
  • The app economy is predicted to be worth $6.3 trillion by 2021. [7]
  • Global spending on cybersecurity is projected to reach $133.8 billion by 2030. [14]
  • The market for AI-based data security was $14.9 billion in 2021, expected to reach $133.8 billion by 2030. [14]

User Metrics And Satisfaction

  • Patients participating in RPM programs reported a satisfaction rate of 97%. [4]
  • The University of Pittsburgh Medical Center reported patient satisfaction scores exceeding 90% due to RPM. [15]
  • According to a survey, using RPM resulted in a significant fall in costs, from $129,480 to $36,914, a 72% decrease in expenses. [4]
  • In 2022, 83% of doctors in the United States were providing telehealth services, up from just 22% in 2019. [15]

Industry And Sector Insights

  • In 2020, the computer and IT sector was the top industry for remote work. [8]
  • The healthcare sector’s market for AI and machine learning is projected to reach $20 million this year. [4]
  • In 2023, the AI market size almost reached $208 billion, with 73% of U.S. companies adopting AI in some areas of their business. [10]

Remote Monitoring Specifics

  • Remote monitoring provides insight into device status and health to ensure functionality 24/7. [11]
  • Digital patient monitoring devices market is expected to surge with a 26.1% CAGR, reaching USD 1467 billion by 2033. [16]
  • Remote patient monitoring tools are expected to be used by 70.6 million U.S. patients, or 26.2% of the population, by 2025. [18]
  • RPM usage surged during the COVID-19 pandemic, with a 30% increase in telehealth visits. [15]

Regulations And Policies

  • FQHCs and RHCs can now bill for RPM services using the general management code G0511 as of January 1, 2024. [4]
  • Health Insurance Portability & Accountability Act (HIPAA) compliance is crucial for healthcare providers to prevent unauthorized disclosure of sensitive health information. [4]
  • By 2027, 34 states had implemented Medicaid coverage for remote patient monitoring. [15]

Market Size And Growth

  • The global RPM systems market is projected to increase by 128% over the current market by 2027. [21]
  • Remote monitoring and control market is expected to grow from USD 24.6 billion in 2022 to USD 32.3 billion by 2027, at a CAGR of 5.6%. [24]
  • The IT infrastructure monitoring software market share worldwide is projected to grow significantly. [13]

Technological Advancements

  • The AI TRiSM management market is expected to rise at a CAGR of 21.3% from 2024 to 2030. [19]
  • The global green technology and sustainable market size is expected to grow to US $62 billion by 2030. [19]
  • The intelligent application market size is expected to reach US $283.18 billion by 2030, resulting in a CAGR of 31.90% during the forecast period. [19]

Workforce And Employment

  • By 2025, over 36 million Americans, or 22% of the workforce, will work from home. [22]
  • Hybrid and remote work models are expected to continue shaping the workforce post-COVID-19. [19]

Customer And User Experience

  • 88% of healthcare providers have invested in or plan to invest in remote patient monitoring technology. [23]
  • 80% of Americans favor remote patient monitoring, with more than half strongly supporting its incorporation into medical care services. [15]
  • 90% of patients reported feeling more satisfied with their care when utilizing Remote Patient Monitoring tools. [4]

Cybersecurity And Data Protection

  • Search volume for ransomware showed a 57% increase over the past 5 years. [14]
  • In 2021, the cybersecurity workforce dropped from 3.12 million to 2.72 million, showing a significant shortage. [14]
  • The cybersecurity market revenue worldwide is expected to grow substantially. [13]

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Sources

  1. n-able – https://www.n-able.com/features/remote-monitoring
  2. solarwinds – https://www.solarwinds.com/server-application-monitor/use-cases/remote-server-monitoring
  3. peoplespheres – https://peoplespheres.com/9-software-adoption-statistics-hr-leaders-should-be-aware-of/
  4. strategicmarketresearch – https://www.strategicmarketresearch.com/blogs/remote-patient-monitoring-statistics
  5. apty – https://www.apty.io/blog/driving-digital-transformation-through-software-adoption/
  6. manageengine – https://www.manageengine.com/academy/5-itsm-trends-2022.html
  7. floridatechonline – https://www.floridatechonline.com/blog/information-technology/a-guide-to-technology-trends-in-the-it-sector/
  8. level – https://level.io/blog/remote-management-tool
  9. zscaler – https://www.zscaler.com/resources/security-terms-glossary/what-is-digital-experience-monitoring
  10. sam-solutions – https://www.sam-solutions.com/blog/top-five-information-technology-trends-to-watch-in-2019/
  11. gocanopy – https://www.gocanopy.com/news-insights/what-is-remote-monitoring
  12. criticalstart – https://www.criticalstart.com/understanding-the-risks-of-remote-monitoring-and-management-rmm-tools/
  13. statista – https://www.statista.com/topics/2646/security-and-surveillance-technology/
  14. explodingtopics – https://explodingtopics.com/blog/data-management-trends
  15. market – https://media.market.us/remote-patient-monitoring-statistics/
  16. market – https://media.market.us/digital-patient-monitoring-devices-market-news/
  17. verifiedmarketresearch – https://www.verifiedmarketresearch.com/product/remote-monitoring-management-rmm-tools-market/
  18. nonagon-care – https://nonagon-care.com/blog/9-must-know-stats-for-remote-patient-monitoring-2023/
  19. mapsted – https://mapsted.com/blog/strategic-technology-trends-for-businesses
  20. insightful – https://www.insightful.io/blog/boosting-adoption-tech
  21. prevounce – https://blog.prevounce.com/27-remote-patient-monitoring-statistics-every-practice-should-know
  22. goworkwize – https://www.goworkwize.com/blog/what-is-remote-monitoring-management
  23. wifitalents – https://wifitalents.com/statistic/remote-patient-monitoring/
  24. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/remote-device-monitoring-control-market-165453197.html
  25. coachcare – https://www.coachcare.com/2023/04/27/14-surprising-statistics-about-remote-patient-monitoring.html

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