Infrastructure Monitoring Market: Comprehensive Insights into Key Trends, Growth Drivers, and Future Demand Forecast

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Infrastructure Monitoring Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $9.66 billion In 2028 At A CAGR Of 12.4% :

The infrastructure monitoring market size has grown rapidly in recent years. It will grow from $5.41 billion in 2023 to $6.04 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to aging infrastructure, government investment, natural disaster preparedness, urbanization trends, and transportation network expansion.

The infrastructure monitoring market size is expected to see rapid growth in the next few years. It will grow to $9.66 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to climate change impact, remote monitoring solutions, resilience planning, smart city development, and public-private partnerships. Major trends in the forecast period include wireless sensor networks for smart infrastructure, blockchain for data security and transparency, integration of augmented reality (AR) and virtual reality (VR), focus on environmental monitoring, and collaboration between public and private sectors.

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Infrastructure Monitoring Market Major Segments
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, 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

Key Driver - Meeting The Growing Demand For Public Infrastructure Safety And Sustainability

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.

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Prominent Trend - New Relic Launches Groundbreaking New Relic One Platform

Product innovations are a key trend gaining popularity in the infrastructure monitoring market. Major companies operating in the infrastructure monitoring market are introducing innovative products to sustain their position in the market. For instance, in February 2022, New Relic, a US-based software company, introduced New Relic One platform to proactively identify and resolve issues in organizations' public, private and hybrid cloud infrastructure. New Relic One platform allows engineers to analyze all relevant telemetry such as logs, events, alerts, network sand others in context, visualize blast radius with topology maps and perform historical analysis to understand cascading impacts. It also enables engineers to quickly isolate bottlenecks by filtering and sorting based on golden signal conditions.

Infrastructure Monitoring Market Players
Major companies operating in the infrastructure monitoring market report are Broadcom Inc., Splunk Inc., Datadog Inc., National Instruments Corporation, MISTRAS Group Inc., AppDynamics Inc., ScienceLogic Inc., Pure Technologies Limited, Campbell Scientific Inc., RST Instruments Ltd., Kinemetrics Inc., Set Point Technologies Ltd., Bridge Diagnostics Inc., Netmagic Solutions Private Limited, CapaSystems A/S, Geocomp Corporation, Hottinger Brüel & Kjaer GmbH, Geokon Incorporated, Zenoss Inc., Sixense Group Inc., Nagios Enterprises LLC, Acellent Technologies Inc., Sisgeo Srl, Geomotion (Singapore) Pte. Ltd., FEAC Engineering Srl, Infibra Technologies Srl., Nova Metrix LLC, Structural Monitoring Systems PLC., AVT Reliability Ltd., ITRS Group Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the infrastructure monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global infrastructure monitoring market report during the forecast period. The regions covered in the infrastructure monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Infrastructure Monitoring Market Report Structure
3. Infrastructure Monitoring Market Trends And Strategies
4. Infrastructure Monitoring Market - Macro Economic Scenario
5. Infrastructure Monitoring Market Size And Growth
…..
27. Infrastructure Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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