Infrastructure Monitoring Market Size, Share & Trends 2031

Report Description

The global infrastructure monitoring market size was valued at USD 9.04 Billion in 2022 and is likely to reach USD 16.20 Billion by 2031, expanding at a CAGR of 6.7% during the forecast period, 2023–2031. The market growth is attributed to the increase in demand for developed cities and the rise in security concerns, especially in civil infrastructure.

Infrastructure monitoring is beneficial as it prevents the failure of infrastructural operations. The imbalance in the infrastructure operating system is projected to cause aging infrastructures. This is estimated to affect the success of the companies. Infrastructure monitoring software is designed to manage the infrastructure by inspecting and comparing the information about the infrastructure.

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It acts as security and protects the health of the infrastructure by collecting data at regular intervals of time and alerting for any unplanned downtime, and network intrusion, among others. The properties of infrastructure monitoring include detecting problems at the primary stage, processing real-time data, monitoring performance, and making it market efficient.

The report finds that the COVID-19 pandemic moderately affected the growth of the infrastructure monitoring market. Moreover, customer purchasing patterns, changes in consumer behavior & demand, and the interventions of governments have moderately affected the growth of the market.

As a part of preventive measures imposed by governments across countries to curb the virus spread, the prolonged shutdown of factories across industries had plummeted the overall demand for raw materials, manufacturing units, and labor. The downtrend in construction operations and civil infrastructure during the pandemic were estimated to affect the growth of the market.

Infrastructure Monitoring Market Dynamics

The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global infrastructure monitoring market report has up-to-date insights about market scenarios that can shape the overall market performance and condition during the forecast period, 2023 to 2031.

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Major Drivers 

The rise in the usage of advanced sensor technologies and their declining cost of production is one of the drivers of the infrastructure monitoring market. Additionally, the development in the cities, telecom & IT sectors is expected to drive the market. Furthermore, the increasing capital investments in structural health monitoring to ensure the effective maintenance of vital infrastructure in various industries is projected to drive the market during the forecast period.

Existing Restraints 

Key factors restraining the market include high installation costs of the monitoring systems and the possibility of cybersecurity attacks. The rising number of calls for collecting data and data storage solutions is projected to cause a rise in expenditure. The lack of skilled labor for the deployment of infrastructure monitoring systems is also likely to restrain the expansion of the industry.

Emerging Opportunities 

The rising popularity of infrastructure monitoring operating systems and the investments by the companies are estimated to create lucrative opportunities for the market players. The improvement and customization of services for infrastructure monitoring software are anticipated to be beneficial for the market. The civil industry is estimated to have a positive impact on the market attributing to development and urbanization.

Scope of Infrastructure Monitoring Market Report

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

Infrastructure Monitoring Market Segment Insights

Technology Segment Analysis

Based on technology, the infrastructure monitoring market is bifurcated into wired and wireless. The wireless segment is expected to expand at a significant growth rate during the projection period, as it is used to transfer information without the need to use cables.

Wireless transmissions are used to carry out communication. It can be used for short distances including across building automation system or even large distances including between cities. The infrastructure monitoring market has witnessed a significant rise, due to growing demand from the power generation, oil & gas, and manufacturing industries.

The segment growth is further attributed to the IT companies that are estimated to prefer cloud-based infrastructure for storage solutions. Wired technology has been used significantly in the past years.

Its growth in the last few years was high, due to the demand from data centers and network infrastructure monitoring. The technology provides benefits such as low cost, easy deployment, and high bandwidth connectivity options which have resulted in market growth.

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Component Segment Analysis

On the basis of component, the infrastructure monitoring market is segregated into hardware and software & services. The software & services segment is projected to register a considerable CAGR during the forecast period, as the businesses have access to different infrastructure monitoring tools and software including Sematext Monitoring, Prometheus, and Zabbix.

The software & services segment is projected to dominate the global market. Furthermore, The hardware segment is anticipated to account for a moderate market share in the coming years, due to the high prices of ICs, sensors, and microprocessors.

End-user Segment Analysis

On the basis of end-user, the infrastructure monitoring market is segmented into mining, energy, civil infrastructure, aerospace & defense, and others. The civil infrastructure segment is expected to register a significant growth rate during the forecast period, attributed to the increase in demand for monitoring applications from government and private users for maintaining infrastructural assets. 

Governments across several countries are estimated to invest in infrastructure development including airports, tunnels, seaports, and dams. The application of infrastructure monitoring in aerospace & defense telemetry is further projected to drive the market.

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Regional Analysis

In terms of region, the global infrastructure monitoring market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, with the increasing infrastructure investments along with rising government initiatives in developing countries such as China, India, and Japan.

The market in North America is anticipated to expand at a rapid pace in the coming years and this can be attributed to factors including high investments in infrastructure collaborations, the presence of a large number of companies across versatile industries, and growing government initiatives aimed to improve cybersecurity services.

For instance, the Chinese government published an investment of around USD 73.8 billion in implementing various projects across the cities. The factors such as increasing investments in the growing adoption of digital technologies, renewable energy, and an increase in awareness about cybersecurity. 

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