Asset integrity management involves management of assets to ensure the effective and continuous functioning of the same. In asset integrity management, the data is continuously collected over a period to evaluate the health of the asset throughout its life cycle. It allows to manage the risks of failure and accidental events in the design phase, construction phase, and during the operational phase of the facility to ensure optimal production without compromising on the issues related to asset safety, worker health, and environmental requisites. "

Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Most of the dynamic players are classified as companies which focus on specifically one or two technologies, however, hold a fair position in the market along with a presence in various regions globally. These players have low product offerings with stronger business strategies. The vibration monitoring market has many companies operating since the past decade, which are largely dependent on their competitive R&D activities.

The need for innovative technologies to modernize access control offerings has resulted in innovations in the access control market. Innovators demonstrate substantial product innovations compared with their competitors. These players have wide product portfolios. However, they lack effective growth strategies for their overall business.

Emerging companies have niche service offerings and are starting to gain their position in the market. They have limited business strategies compared with the other established vendors.