Transformative Trends Impacting the Infrastructure Monitoring Market Landscape: New Relic Launches Groundbreaking New Relic One Platform

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How Large Will the Infrastructure Monitoring Market Size By 2025?
In recent times, there has been a quick expansion in the size of the infrastructure monitoring market. The market size is anticipated to rise from $5.91 billion in 2024 to $6.53 billion in 2025, marking a compound annual growth rate (CAGR) of 10.5%. The increase in the prior period has been due to factors such as decaying infrastructure, government funding, readiness for natural disasters, urbanization movements, and enlargement of the transportation network.

How Big Is the Infrastructure Monitoring Market Size Expected to Grow by 2029?
The expected size of the infrastructure monitoring market is anticipated to experience swift expansion in the coming years. The growth projection is estimated to reach $11.15 billion by 2029 with a compound annual growth rate (CAGR) of 14.3%. Factors contributing to this substantial growth over the forecasted period include effects of climate change, the implementation of remote monitoring solutions, resilience planning programs, advancement in smart city planning, and cooperative efforts between public and private sector. Key trends within this period encompass usage of wireless sensor networks for optimized infrastructure, application of blockchain for secure and transparent data, incorporation of augmented reality (AR) and virtual reality (VR), emphasis on environmental surveillance, and synergy between public and private entities.

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Which Key Market Drivers Powering Infrastructure Monitoring Market Expansion and Growth?
The escalation in the necessity for public facilities is projected to drive the infrastructure monitoring market's growth. The term public infrastructure denotes systems, edifices, and facilities established, owned, and managed by the government for public use. Infrastructure monitoring, integral to public infrastructure, ensures proper surveillance, maintenance, and environmental monitoring. This prevents mishaps and significant losses in the event of accidents by relying on real-time data collection, storage, and analysis to improve structural safety. For example, the Department of Transport's report in June 2022 disclosed the UK government's plan of injecting over £160 million ($192.7 million) to upgrade infrastructure and support local communities. Four projects across England aim to mitigate congestion and generate £659.3 million ($794.1 million) in economic gains. Further, in August 2022, the US Department of Transportation pledged an investment exceeding $2.2 billion for modernizing roads, bridges, transit, rail, ports, and intermodal transportation under the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) initiative to assist urban and rural communities. Thus, the escalating need for public infrastructure is boosting the infrastructure monitoring market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Infrastructure Monitoring Market?
One significant trend gaining traction in the infrastructure monitoring market is the introduction of product innovations. To maintain market dominance, key businesses in this market are launching groundbreaking products. For example, in February 2022, New Relic, a software enterprise based in the USA, unveiled its New Relic One platform. This platform aims to proactively detect and rectify issues in an organization's public, private, or hybrid cloud infrastructure. It provides engineers with capabilities to closely examine all pertinent telemetry like logs, alerts, network events and more, visualize impact zones with topology maps, and conduct a historical analysis to comprehend cascading effects. The platform further provides the ability to swiftly pinpoint areas of congestion by employing filters and sorting based on golden signal conditions.

What Are the Emerging Segments in the Infrastructure Monitoring Market?
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, Cra*ck 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

Subsegments:
1) By Software: Monitoring And Analytics Software, Asset Management Software, Data Visualization Tools, Predictive Maintenance Software
2) By Hardware: Sensors, Data Loggers, IoT Devices, Communication Equipment
3) By Services: Installation And Configuration Services, Maintenance And Support Services, Consulting Services, Training And Education Services

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Who Are the Global Leaders in the Infrastructure Monitoring Market?
Major companies operating in the infrastructure monitoring market include Splunk Inc., Datadog Inc., 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., 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.

Which are the Top Profitable Regional Markets for the Infrastructure Monitoring Industry?
North America was the largest region in the infrastructure monitoring market in 2024. 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.

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