The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, May 30, 2023 (GLOBE NEWSWIRE) -- The Business Research Company’s report on the infrastructure monitoring market forecasts the market to grow from $4.8 billion in 2022 to $5.3 billion in 2023, at a compound annual growth rate (CAGR) of more than 11%. Further, the market will reach $8.4 billion in 2027, at a CAGR of more than 11%. North America held the largest share of the infrastructure monitoring market in 2022.

The rising demand for public infrastructure is a key driving factor behind the growth of the infrastructure monitoring industry. Public infrastructure encompasses government-owned and accessible infrastructure systems, buildings, and facilities. Infrastructure monitoring plays a crucial role in the inspection, maintenance, and environmental monitoring of such infrastructure, as well as emergency response and accident prevention. By employing real-time data collection, storage, and analysis, infrastructure monitoring enhances the safety and integrity of structures.

Learn More In-Depth On The Infrastructure Monitoring Market

https://www.thebusinessresearchcompany.com/report/infrastructure-monitoring-global-market-report

Major infrastructure monitoring companies are National Instruments Corporation, Campbell Scientific Inc., Pure Technologies, Structural Monitoring Systems PLC, Acellent Technologies Inc., Geokon Inc., Netmagic Solutions, MISTRAS Group Inc., and Set Point Technologies Ltd.

A prominent trend in the infrastructure monitoring market is the introduction of innovative products by major companies to maintain their market position. These companies are continually developing and launching new products to cater to evolving industry needs.

For instance, in February 2022, New Relic, a U.S.-based software company, introduced the New Relic One platform, which facilitates proactive identification and resolution of issues across organizations' public, private, and hybrid cloud infrastructure. The platform enables engineers to analyze relevant telemetry, visualize the impact of issues through topology maps, and perform historical analysis to understand cascading impacts. It also provides filtering and sorting options based on golden signal conditions, allowing engineers to identify bottlenecks efficiently.

Get A Free Sample Of The Global Infrastructure Monitoring Market Report

https://www.thebusinessresearchcompany.com/sample.aspx?id=9285&type=smp

The global infrastructure monitoring market is segmented as -

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

The infrastructure monitoring market report provides a complete analysis of the market, its current and future growth prospects. A thorough analysis of key market trends, drivers, and challenges, provide valuable insights into the factors that will shape the industry in the forecast period. The report serves as a valuable resource for industry professionals, investors, policymakers, and researchers, enabling them to make informed decisions based on a comprehensive understanding of the infrastructure monitoring market.

Infrastructure Monitoring Global Market Report 2023 by The Business Research Company provides insights on the infrastructure monitoring market size, infrastructure monitoring market segments, infrastructure monitoring market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.

The Business Research Company has published over 4,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Learn More About The Business Research Company

The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model – World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.