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Infrastructure Asset Management Market Size, Forecast [2031]
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Infrastructure Asset Management Market Size, Forecast [2031]

Segments - Infrastructure Asset Management Market by Applications (Critical Infrastructure, Water & Waste Infrastructure, Transportation, Energy Infrastructure, and Others), Services (Operational Asset Management, Tactical Asset Management, and Strategic Asset Management), Components (Services and Solutions), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3028 | 4.9 Rating | 69 Reviews | 199 Pages | Format : PDF Excel PPT

Report Description


The global infrastructure asset management market size was USD 31.72 billion in 2022 and is likely to reach USD 68.89 billion by 2031, expanding at a CAGR of 9% during 2023 – 2031. The growth of the market is attributed to the vast adoption of its services to reduce the maintenance and procurement costs of infrastructure.

Infrastructure asset management (IAM) is a multidisciplinary and integrated set of strategies for maintaining public infrastructure assets, such as bridges, roads, sewer lines, water treatment facilities, utility grids, and railways.

Infrastructure Asset Management Market Outlook

IAM primarily uses software-based tools to implement and organize various techniques with the primary purpose of extending and preserving the service life of long-term infrastructure assets that are critical components in maintaining the economy's efficiency and quality of life.

The COVID-19 pandemic outbreak has brought a negative impact on the market. During the pandemic, lockdown imposed by governments led to discontinuation of supply and demand chain, which deflated the industry growth and functioning. The market is expected to recover by the end of 2021 as organizations are resuming their operations from industries and office.

  • Adoption of technologies such as Artificial Intelligence and the Internet of Things is one of the key factors driving the market growth.

  • Growing preference for sustainable development and renewable energy projects is expected to boost the market growth in the coming years.

  • Growing infrastructure for transportation and supply chain management is anticipated to fuel the market expansion during the projected timeline.

  • Lack of adequate platform in emerging economies and high cost of the software is likely to hinder the market growth during the forecast period.

  • Huge investments by key players and lucrative government incentives for the development of IAM is to create a significant growth opportunity for the market in the near future.

Scope of the Report

The report on the global infrastructure asset management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Infrastructure Asset Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Critical Infrastructure, Water & Waste Infrastructure, Transportation, Energy Infrastructure, and Others), Services (Operational Asset Management, Tactical Asset Management, and Strategic Asset Management), and Components (Services and Solutions)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SIMCO Technologies; WS Atkins Ltd.; RPS Group Plc.; WSP Global Inc.; Brookfield Asset Management Inc.; Pitney Bowes Inc.; Aabasoft; ThomasLloyd Group; EverStream Capital Management; and Macquarie Group Ltd.

Market Segment Insights

Transportation segment is expected to grow at a rapid pace

Based on applications, the global infrastructure asset management market is divided into critical infrastructure, water & waste infrastructure, transportation, energy infrastructure, and others. The transportation segment is expected to grow at a rapid pace during the forecast period owing to government initiatives for enhancing transportation activities.

However, the water & waste segment is anticipated to hold a key share of the market in the coming years due to stringent government policies for implementing waste & water management in several cities.

Infrastructure Asset Management Market Applications

Wide usage in energy sector to drive operational asset management

In terms of services, the market is segregated into operational asset management, tactical asset management, and strategic asset management. The operational asset management segment is projected to expand at a considerable CAGR during the forecast period attributed to the wide adoption and usage of IAM in energy sector.

On the other hand, the strategic asset management segment is anticipated to account for a major market share during the forecast period due to the increase in popularity and involvement of design, development, planning, and maintenance of infrastructure.

Service segment is anticipated to hold significant market share

On the basis of components, the global infrastructure asset management market is bifurcated into services and solutions. The service segment is anticipated to hold significant market share in the coming years owing to package it offers, such as support and maintenance, which makes it cost-effective.

However, the solution segment is expected to register a considerable CAGR during the forecast period due to features, such as combined and systematic approaches for the management of various infrastructure in several sectors, such as energy, water, and waste.

North America is anticipated to constitute a key market share

In terms of regions, the global infrastructure asset management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to the rise in need to augment asset utilization simultaneously minimizing the operational costs in the region.

However, Asia Pacific market is anticipated to expand at a rapid pace during the forecast period owing to regional spending on infrastructure by governments and key players.

Infrastructure Asset Management Market Regions

Segments

The global infrastructure asset management market has been segmented on the basis of

Applications

  • Critical Infrastructure
  • Water & Waste Infrastructure
  • Transportation
  • Energy Infrastructure
  • Others

Services

  • Operational Asset Management
  • Tactical Asset Management
  • Strategic Asset Management

Components

  • Services
  • Solutions

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • SIMCO Technologies
  • WS Atkins Ltd.
  • RPS Group Plc.
  • WSP Global Inc.
  • Brookfield Asset Management Inc.
  • Pitney Bowes Inc.
  • Aabasoft
  • ThomasLloyd Group
  • EverStream Capital Management
  • Macquarie Group Ltd.

Competitive Landscape

Key players competing in the global infrastructure asset management market are SIMCO Technologies; WS Atkins Ltd.; RPS Group Plc.; WSP Global Inc.; Brookfield Asset Management Inc.; Pitney Bowes Inc.; Aabasoft; ThomasLloyd Group; EverStream Capital Management; and Macquarie Group Ltd.

As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

For instance, In April 2019, WS Atkins Limited was offered a contract for implementation of flood risk management solutions for infrastructure of Texas government.

Infrastructure Asset Management Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Infrastructure Asset Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Infrastructure Asset Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Infrastructure Asset Management Market - Supply Chain
  4.5. Global Infrastructure Asset Management Market Forecast
     4.5.1. Infrastructure Asset Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Infrastructure Asset Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Infrastructure Asset Management Market Absolute $ Opportunity
5. Global Infrastructure Asset Management Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Infrastructure Asset Management Market Size and Volume Forecast by Applications
     5.3.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Infrastructure Asset Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Infrastructure Asset Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Infrastructure Asset Management Demand Share Forecast, 2019-2026
7. North America Infrastructure Asset Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Infrastructure Asset Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Infrastructure Asset Management Market Size and Volume Forecast by Applications
     7.4.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Infrastructure Asset Management Demand Share Forecast, 2019-2026
8. Latin America Infrastructure Asset Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Infrastructure Asset Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Infrastructure Asset Management Market Size and Volume Forecast by Applications
     8.4.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Infrastructure Asset Management Demand Share Forecast, 2019-2026
9. Europe Infrastructure Asset Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Infrastructure Asset Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Infrastructure Asset Management Market Size and Volume Forecast by Applications
     9.4.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Infrastructure Asset Management Demand Share Forecast, 2019-2026
10. Asia Pacific Infrastructure Asset Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Infrastructure Asset Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Infrastructure Asset Management Market Size and Volume Forecast by Applications
     10.4.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Infrastructure Asset Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Infrastructure Asset Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Infrastructure Asset Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Infrastructure Asset Management Market Size and Volume Forecast by Applications
     11.4.1. Critical Infrastructure Water & Waste Infrastructure Transportation Energy Infrastructure Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Infrastructure Asset Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Infrastructure Asset Management Market: Market Share Analysis
  12.2. Infrastructure Asset Management Distributors and Customers
  12.3. Infrastructure Asset Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SIMCO Technologies WS Atkins Ltd. RPS Group Plc. WSP Global Inc. Brookfield Asset Management Inc. Pitney Bowes Inc.  

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