Request Sample of Report @ https://bit.ly/2GMYwYg 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.
Infrastructure Monitoring Market Applications, Segmentations & Forecast by 2024: Global Market Insights Inc. 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 market 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. Infrastructure Monitoring Market size is projected to grow at a fast rate owing to the aging infrastructure in various economies and the rising awareness about the refurbishment of the existing structure. Effective structural examination helps in enabling data-driven decisions and insights. It improves productivity and aids in early problem detection to avoid disasters. Failure of structures leads to loss of lives and leads to high costs. Structure administration enables the operator to efficiently capture the data required to understand the status of the structure and effectively implement further steps. Increasing requirements to enhance the safety standards, ensure longer lifespan of structure, and reduce the overall maintenance costs are the major factors driving the infrastructure monitoring market over the forecast timespan. 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 lowcost sensors are fueling the industry growth. High investments for the structure health assessment across various countries drive the infrastructure monitoring market. Governments in various emerging economies are passing stringent regulations related to the sustainability of structures. For instance, the Building Control Act enforced in Singapore authorizes an accredited checker to inspect the sustainability of a building or a structure. 1 | P a g e