Get Detailed Analysis Report of IoT Market by Structure monitoring, Platform, component, application, Geography with Top Key players: Johnson Controls, Cisco, IBM, GE, Honeywell, Schneider Electric, Accenture, Siemens, ABB, Delta Controls Inc.

Global IoT Market in Structure Monitoring is expected to grow at a CAGR of 24.2% during 2017 – 2022

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IoT Market in Structure Monitoring to witness double digit growth

The global IoT market in structure monitoring is expected to reach a size of $235.3 billion by 2022, growing at a CAGR of 24.2% during 2017 – 2022. With the rising incidence of natural calamity and disasters, the earthquake monitoring system is anticipated to witness the fastest growth during the forecast period. Also, the rising number of vehicles are putting tremendous pressure on the existing and upcoming infrastructures to accommodate the ever-growing vehicles, which depicts the need of effective parking management system through IoT. Among various application areas, the IoT in structure monitoring is getting widely adopted in commercial buildings and bridges to keep a constant check during pre-construction and post-construction phases for increasing the lifespan of infrastructures.

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Insights on market segments

As per the findings of the research, device management for structure monitoring through IoT will witness a robust growth during the forecast period. However, physical security system has been the larger revenue generator in this market, as compared to other solutions offered. Among the various platforms used in IoT for structure monitoring, application management is expected to continue contributing the largest revenue during the forecast period. Also, IoT in structure monitoring will be witnessing fastest growth in demand for applications in bridges, during 2013 - 2016. On the other hand, market for buildings is also expected to show a robust growth during the forecast period.

Highly consolidated global market

The global IoT market in structure monitoring was consolidated in 2016, wherein the top five players accounted for majority of the market revenue. Johnson Control Inc. was the global market leader in 2016, while the other major companies operating in this market are Cisco Systems Inc., IBM Corporation, General Electric, Honeywell International Inc, Schneider Electric SE, ABB Ltd, and Delta Control Inc.
GLOBAL IoT MARKET IN STRUCTURE MONITORING SEGMENTATION

By Solution
Physical Security System
Energy Management System
Building Communication System
Parking Management System
Plumbing & Water Management
Elevators & Escalator Management
Earthquake Monitoring System

By Platform
Device Management
Network Management
Application Management

By component
Hardware
Software
Services

By Application
Buildings
Bridges
Others

By Geography
North America
Europe
Asia-Pacific
Other

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This release was published on openPR.