Global IoT Market in Structure Monitoring (Size of $51,946.7 Million in 2015) to Witness 24.1% CAGR During 2016 – 2022

The global IoT market in structure monitoring is expected to grow at a CAGR of 24.1% during 2016-2022. Among the various solutions, the physical security system segment held the largest share in the global IoT market in structure monitoring in 2015.

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The concept of SMART, which stands for self-monitoring analysis and reporting technology solutions, has revolutionized the methods of managing large structures, such as buildings, bridges, and dams. The increasing internet penetration has further augmented the adoption of advanced measures, such as IoT to achieve the required results in structure monitoring.

The internet of things (IoT) market for structure monitoring is increasing with the growing numbers of smart buildings. The smart buildings require efficient infrastructure and storage for the information generated through the cluster of technology exploiting different bandwidths. The IoT technology offers an array of solutions to several organizations that seek to improve the quality of life and well-being. The surging urbanization and continuous development in the infrastructure has been the major macroeconomic factors driving the growth of the IoT in structure monitoring market.

The IoT technology can potentially enhance the overall quality of building structures including their safety, security, and efficiency levels. Structure monitoring refers to the detection of damage and implementation of strategies for engineering structures, such as buildings, bridges, ports, and platforms. They provide rapid condition screening and aims to provide reliable data and information regarding the integrity of structure in real time. The structure monitoring concept deals with the overall health monitoring and operational evaluation of the structures. It is designed for the efficiency of all components of the structure, such as lighting, monitoring, safety and security, emergency systems, heating, ventilation, and other aspects. It improves the life span of a building by identifying problem as and when they occur, thereby taking required corrective measures through one platform. The smart buildings through IoT are able to respond to information generated through the network of sensors across the city to adjust the ventilation and window settings on the basis of cross-referencing of pollution levels and the weather conditions.

The information and data in the publication “Global IoT Market in Structure Monitoring Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the global IoT market in structure monitoring by solution, platform, component, and application. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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Global IoT Market in Structure Monitoring Segmentation

GEOGRAPHICAL SEGMENTATION

By Solution

Physical Security System
Energy Management System
Building Communication System
Parking Management System
Plumbing and Water Management
Elevators and Escalators Management System
Earthquake Monitoring System

By Platform

Device Management Platform
Application Management Platform
Network Management Platform

By Component

Hardware
Sensors
Detectors
Controllers
Surveillance Cameras
Others

Software
Services

By Application
Buildings
Bridges
Others

By Region
North America
U.S.
Canada
Rest of North America

Europe
Germany
U.K.
Italy
Rest of Europe

Asia-Pacific
Japan
China
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East & Africa
UAE
Saudi Arabia
Rest of Middle-East & Africa

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