Infrastructure Monitoring Market 2016-2020 by Technology, Components, Application & End-Users

Dublin, Feb. 04, 2016 -- Research and Markets (http://www.researchandmarkets.com/research/zj9mvb/infrastructure) has announced the addition of the "Infrastructure Monitoring Market by Technology (Wired and Wireless), Components, Application (Damage Detection and Others), End-User (Civil, Aerospace, Defense, Energy, Mining, and Others), and Geography - Global Trends & Forecast to 2020" report to their offering.

The infrastructure monitoring market is estimated to exhibit high growth potential till 2020. The overall market is expected to reach USD 2.47 Billion by 2020, at a CAGR of 26.3% between 2015 and 2020.

Increasing initiatives of governments worldwide toward the rising need for public safety and reliability as well as the aging infrastructure are likely to drive the infrastructure monitoring market.

Civil infrastructure is expected to lead the end user segment of the infrastructure monitoring market.

An infrastructure monitoring system plays a key role in the civil infrastructure market. To continue the growth of a country's economy, it is essential to monitor the health condition of the civil infrastructure and take necessary actions to avoid accidents. IHM has the ability to provide the real-time monitoring solutions for civil structures such as bridges, tunnels, dams, buildings, and others, while reducing the maintenance cost.

There is a high demand for the software component in the infrastructure monitoring systems market. Software components provide the data analysis for decision making related to the maintenance of infrastructure, while services are used for consultation and installation of IHM hardware on a structure. Software such as MATLAB and SCADA play a key role in early damage detection to facilitate initial stage repairs to maintain a high degree of safety. It provides the visual data representation of structural behavior to the monitoring team to detect damages in early stages to facilitate decision making based on the initial stage repair and maintenance.

North America is expected to hold the largest share of the infrastructure monitoring market, while the market in APAC is expected to grow at the highest CAGR during the forecast period. This growth of the market in APAC can be attributed to the demand and growth in China and Japan. The infrastructure monitoring market in APAC is in the developing stage and the ongoing development in this region makes it a lucrative and high-potential market.

A large amount of data management and processing for the infrastructure monitoring technology is one of the major restraints for the growth of this market.

The major players in the hardware market are Nova Metrix LLC (U.S.), Geokon, Inc. (U.S.), Acellent Technologies (U.S.), and those in the software & services include are COWI A/S (Denmark), Geocomp (U.S.), and Advitam Group (France)

These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansions to enhance their presence in the infrastructure monitoring market.

For more information visit http://www.researchandmarkets.com/research/zj9mvb/infrastructure

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