+1-888-308-5802     
News Contact Us

Infrastructure Monitoring Market in Software Segment is Expected to Grow At A Higher Rate by 2024

Author : Ronak Bora | Published Date : 2019-05-20 

Global Infrastructure Monitoring Market report 2024 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.

The infrastructure monitoring market is segmented into hardware, software, and services. The software segment is projected to a higher rate over the coming years. The industry is characterized by the generation of large amount of data, which must be efficiently processed, stored and analyzed. Sophisticated software platforms enable efficient data processing with increased immunity to security breaches. The hardware segment is expected to grow owing to the involvement of hardware components in the system to measure the physical properties of the structure.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2443

Declining costs of sensors that are used for construction management have led to the overall reduction in the total expenditure, also boosting the infrastructure monitoring market. Sensors are deployed for measuring the vibration & distortion in pillars, power conservation, and maintaining the structure health through remote assessment. These components are manufactured in large numbers and at very low costs so that these can be embedded into concrete structures. These sensors provide the required data wirelessly. The use of sensors reduces the overall costs incurred from the manual inspection of structures. The advantages offered by sensors and the availability of low-cost sensors are fueling the industry growth.

Infrastructure monitoring market is expected to grow owing to increasing applications in mining, energy, aerospace & defense, civil, transportation, marine, automotive, and industrial machinery industries. The civil segment is anticipated to dominate the industry over the coming years. Increasing occurrences of structural failure and accidents along with the growing importance of large civil projects are projected to drive the industry growth.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2443

Latest technological advancements in IoT, connected structures, and sensor systems are providing immense growth opportunities for the infrastructure monitoring market. Increasing number of public-private partnerships for the infrastructural growth in various economies will provide growth prospects for the industry. Developing economies in Asia Pacific and the Middle East are investing in advanced digital technologies and this is a key factor that drives the infrastructure monitoring industry growth.

The infrastructure monitoring market in the Americas is anticipated to grow at a high rate owing to the tendency of early adoption of the latest advanced technologies in the region. Increasing government investments in the U.S., Brazil, and Canada to renovate the existing structures and undertake new construction projects are expected to boost the infrastructure monitoring industry growth in the region. Asia Pacific is also projected to witness a high growth due to the rapid urbanization in economies including Japan, China, and India. The Cross-Ministerial Strategic Innovation Promotion Program (SIP) is undertaken by the government of Japan, which includes infrastructure maintenance, renovation, and management program. The program aims at incorporating these systems to ensure predictive maintenance of infrastructure.

Key players in the infrastructure monitoring market include Structural Monitoring Systems Ltd., Sixense, Geomotion Singapore, RST Instruments Ltd., Campbell Scientific, Inc., Acellent Technologies, Inc., Cowi, Geocomp Corporation, and Digitexx Data Systems, Inc.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved