The Infrastructure Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s comprehensive Infrastructure Monitoring Global Market Report for 2024, the market has experienced substantial growth in recent years. Projected to surge from $5.41 billion in 2024 to $6.04 billion by the end of the same year, this trajectory signifies a notable compound annual growth rate (CAGR) of 11.6%. The upswing in the historical period can be ascribed to diverse factors, encompassing aging infrastructure, governmental investments, preparedness for natural disasters, urbanization patterns, and the expansion of transportation networks.

Prognostications for the infrastructure monitoring market are equally promising, with an anticipated surge to $9.66 billion by 2028, demonstrating a CAGR of 12.4%. This growth is attributed to various dynamics, including the impact of climate change, the advent of remote monitoring solutions, resilience planning, the evolution of smart cities, and the facilitation of public-private partnerships. Significant trends in this period encompass the proliferation of wireless sensor networks for intelligent infrastructure, the integration of blockchain for heightened data security and transparency, the amalgamation of augmented reality (AR) and virtual reality (VR), heightened focus on environmental monitoring, and increased collaboration between public and private sectors.

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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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, Crack 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

Furthermore, leading enterprises within the infrastructure monitoring sector are strategically forging partnerships to augment their platforms with self-service analysis capabilities and customer monitoring functionalities. Such strategic collaborations involve cooperative ventures between multiple entities, pooling their resources and expertise to achieve mutually advantageous objectives. A case in point is the strategic alliance formed in March 2024 between Sandhata Technologies Ltd., a UK-based technology firm, and Dynatrace LLC, a US-based software intelligence company. Through this partnership, the aim is to deliver an automated infrastructure monitoring solution featuring Dynatrace dashboards, ensuring a user-friendly experience coupled with robust ALERTS functionalities. The monitoring dashboards will encompass seamless access to a log view with comprehensive search functionalities, serving as a centralized hub for all application data, thereby enabling immediate self-service analysis and consolidated details for each service in one cohesive platform. This strategic collaboration underscores the industry's commitment to innovation and customer-centric solutions, fostering a landscape of heightened efficiency and technological advancement.

The infrastructure monitoring market report table of contents includes:
1. Executive Summary
2. Infrastructure Monitoring Market Characteristics
3. Infrastructure Monitoring Market Trends And Strategies
4. Infrastructure Monitoring Market - Macro Economic Scenario
5. Global Infrastructure Monitoring Market Size and Growth

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32. Global Infrastructure Monitoring Market Competitive Benchmarking
33. Global Infrastructure Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Infrastructure Monitoring Market
35. Infrastructure Monitoring Market Future Outlook and Potential Analysis
36. Appendix

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