Infrastructure Monitoring Market Trends, Insights And Forecast 2024-2033 | |
The Infrastructure Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033). Learn More On The Infrastructure Monitoring Market: https://www.thebusinessresearchcompany.com/report/infrastructure-monitoring-global-market-report As per The Business Research Company’s Infrastructure Monitoring Global Market Report 2024, the landscape of infrastructure monitoring has witnessed substantial growth in recent years, experiencing a notable surge from $5.41 billion in 2024 to an estimated $6.04 billion by the end of the same year, indicating a compelling compound annual growth rate (CAGR) of 11.6%. This upward trajectory in the historical context finds its roots in several factors such as aging infrastructure, governmental investments, initiatives for natural disaster preparedness, burgeoning urbanization trends, and the expansion of transportation networks. Projections for the infrastructure monitoring market suggest a robust ascent in the forthcoming years, with estimations poised to reach $9.66 billion by 2028, reflecting a CAGR of 12.4%. The anticipated growth in the forecast period is largely attributed to the escalating impacts of climate change, the advent of remote monitoring solutions, bolstered resilience planning efforts, the evolution of smart city initiatives, and the fostering of public-private partnerships. Noteworthy trends on the horizon encompass the deployment of wireless sensor networks for smart infrastructure, the integration of blockchain for heightened data security and transparency, the convergence of augmented reality (AR) and virtual reality (VR) technologies, a heightened emphasis on environmental monitoring, and a surge in collaborative ventures between the public and private sectors. The growing demand for public infrastructure is expected to propel the growth of the infrastructure monitoring market going forward. Public infrastructure refers to infrastructure systems, buildings and facilities that are created, owned and maintained by the government and are accessible to the general public. Infrastructure monitoring is used in public infrastructure for inspection and maintenance of infrastructure, monitoring of the environment, emergency rescue and others to prevent accidents and major losses if accidents take place, where it uses real-time data collection, storage and analysis to enhance the safety of the structures. For instance, in June 2022, according to the Department of Transport’s report, a UK-based government department for transportation, the UK government invests over £160 million ($192.7 million) to level up infrastructure to support local communities and four projects across England to reduce congestion and generate £659.3 million ($794.1 million) in economic benefits. Furthermore, in August 2022, the US Department of Transportation, a US-based executive department for transportation, announced an investment of more than $2.2 billion for modernized roads, bridges, transit, rail, ports and intermodal transportation under Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program to help urban and rural communities. Therefore, the growing demand for public infrastructure is driving the growth of the infrastructure monitoring market. Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=9285&type=smp The infrastructure monitoring market covered in this report is segmented – 1) By Component: Software, Hardware, Services 2) By Technology: Wired, Wireless 3) By Application: Corrosion Monitoring, Crack Detection, Damage Detection, Hotspot Monitoring, Impact Monitoring, Multimodal Sensing, State Sensing, Strain Monitoring, Structural Health Monitoring And Non-Destructive Testing 4) By End-User Industry: Mining, Aerospace And Defense, Civil Infrastructure, Energy, Other End-User Industries The infrastructure monitoring market report table of contents includes: 1. Executive Summary 2. Infrastructure Monitoring Market Characteristics 3. Infrastructure Monitoring Market Trends And Strategies 4. Infrastructure Monitoring Market - Macro Economic Scenario 5. Global Infrastructure Monitoring Market Size and Growth ..... 32. Global Infrastructure Monitoring Market Competitive Benchmarking 33. Global Infrastructure Monitoring Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Infrastructure Monitoring Market 35. Infrastructure Monitoring Market Future Outlook and Potential Analysis 36. Appendix | |
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