The Infrastructure Monitoring Market Size was valued at USD 9.04 Billion in 2022. The Infrastructure Monitoring industry is projected to grow from USD 9.92 Billion in 2023 to USD 16.14 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.51% during the forecast period (2023 - 2030). A monitoring system is infrastructure monitoring. By looking into pertinent data and information about the infrastructure, infrastructure monitoring is intended to manage infrastructure. By gathering data regularly to send alerts for network intrusion, unscheduled downtime, and other events, infrastructure monitoring aids in ensuring security and the health of the infrastructure. Infrastructure monitoring has many qualities that make it trustworthy in the market, including early problem identification, performance monitoring, real-time data, and others.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Due to the high cost of labor in nations like China, the growing number of smart city projects necessitate automated monitoring and inspection systems for their infrastructure or buildings. This is achieved by the incorporation of cutting-edge technology into infrastructure monitoring systems, such as IOT and sensor systems. The continuous collection and analysis of building monitoring data for preventative maintenance are made possible by the combination of cutting-edge technology with infrastructure monitoring. For instance, 2,301 projects totaling $35.7 billion are part of India's smart city strategy, which spans several states. Five additional smart cities have been announced for the fiscal year 2020-2021 as part of the smart city initiative. Consequently, as technology advances, the development of smart infrastructure opens up new opportunities for infrastructure monitoring.
The market segmentation, based on Technology, includes Wireless and Wired. The Wireless segment holds the majority share in 2022, contributing to the Infrastructure Monitoring revenue. The demand for wireless monitoring systems has increased due to several factors such as the need for real-time monitoring, increased mobility, and ease of installation. Wireless monitoring systems provide numerous advantages over traditional wired systems, including greater flexibility, scalability, and reduced maintenance costs.
Based on Component, the market segmentation includes Software, Hardware, and Services. The Hardware segment dominated the market. The demand for hardware components such as sensors, cameras, and other monitoring devices has increased significantly due to the growing need for real-time monitoring and surveillance.
Based on End Use, the market segmentation includes Aerospace & Defense, Energy, Mining, Civil Infrastructure, and Others. The Aerospace & Defense segment is projected to be the faster-growing segment during the forecast period, 2023-2030. The use of infrastructure monitoring systems in the aerospace & defense industry has increased due to the growing need for real-time data and improved decision-making processes.
Figure 2: Infrastructure Monitoring Market, by End Use, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is one of the largest markets for infrastructure monitoring systems and has dominated the market for many years. The region is characterized by a high level of technology adoption, a well-developed infrastructure, and a large number of key players operating in the market. The demand for infrastructure monitoring systems in North America is driven by several factors, including the need for real-time monitoring, the need for improved decision-making processes, and the growing adoption of IoT technology. Additionally, the presence of several key players in the region, such as Honeywell, General Electric, and Siemens, has helped drive the growth of the market in North America. The North American market is expected to continue its dominance in the coming years, driven by the increasing demand for advanced monitoring systems and the growing need for real-time data in various end-user industries such as construction, transportation, and energy and utilities, among others.
Figure 3: INFRASTRUCTURE MONITORING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Infrastructure Monitoring industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Infrastructure Monitoring industry to benefit customers and expand the market sector. Major market players, including Casio systems, Oracle Corporation, Plumbr, Accel Frontline Limited, and others, are attempting to increase market demand by funding R&D initiatives.
Oracle is a corporation that offers platform services and integrated cloud applications. Three business divisions make up its operations: Cloud and License, Hardware, and Services. Through its cloud and licensing services, the Cloud and License business promotes, offers for sale, and provides a variety of enterprise applications and infrastructure technologies. The Hardware division includes hardware support as well as business hardware products including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management, and more. Advanced customer services and consultancy are included in the services section.
Cisco Systems develops and markets a variety of technologies for networking, security, teamwork, apps, and the cloud. It provides products for wireless, data centers, switching, routing, cloud, and email security, identity and access management, threat prevention, and unified threat management, as well as cloud and system management. Additionally, the firm offers technical assistance and cutting-edge services to enterprises, governmental bodies, nonprofit organizations, and service providers.
June 2023: Parker Hannifin Corporation partnered with Forsee Power, a specialist in smart battery systems, to create for electric construction vehicles. That partnership will lead to solutions that reduce noise, emission and vibration in relation to construction machines.
May 2023: In May 2023, the Parker Hannifin Corporation began collaborating with the U.S Army on upgrading the flight control actuation of UH-60 Blackhawk. This partnership provides solutions to Parker Hannifin for risk mitigation and repair work on fleet maintenance operations.
April 2023: Siemens AG inked a deal with Leonardo, an Italian defense company that specializes in developing solutions for Industrial infrastructure security. The arrangement allows these two companies to provide their Italian customers with secure digital transformation solutions.
Feb 2023: Yokogawa Electric Corporation introduced reinforcement learning service available for OpreX Realtime OS-based Machine Controllers. It is based on Factorial Kernel Dynamic Policy Programming (FKDPP) and is suitable for short control periods. It also supports the e-RT3 Edge Controller.
Feb-2023: Yokogawa Electric Corporation took over Fluence Analytics, Inc., a US-based biopharmaceutical analytics solutions provider. Through this acquisition, Yokogawa would gain access to Fluence Analytics’ portfolio that can be used by its clients who want to automate polymerization processes.
Oct-2022: Siemens AG has formed a partnership with Eplan, which is a provider of software solutions designed specifically around infrastructure. By combining their expertise both companies are poised to improve operational effectiveness within construction industry applications.
Aug-2022: Siemens AG acquired Brightly Software, an asset management solutions provider.
May 2022: Dublix Technology ApS was bought out by Yokogawa Electric Corporation, Denmark’s specialist in biomass power production. The purchase helps Yokogawa to enhance its monitoring, control and maintenance services.
Feb-2022: In February 2022, Parker Hannifin Corporation partnered with Cummins Inc., a provider of power generation solutions, so as to integrate its IoT platform with Cummins’s connected engine solutions. This partnership would offer machine status simplification by giving machine diagnostics from end to end.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9.04 Billion |
| Market Size 2023 | USD 9.92 Billion |
| Market Size 2030 | USD 16.14 Billion |
| Compound Annual Growth Rate (CAGR) | 7.51% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Component, End Use, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cisco System, Accel Frontline Limited, ITRS Group LTD, Netreo, Nagios Enterprises, Oracle Corporation, Plumbr, CapaSystems A/S, Zenoss Inc, Datadog |
| Key Market Opportunities | Technological advancement |
| Key Market Dynamics | Developing countries such as India are moving towards digitization |
Infrastructure Monitoring Market Highlights:
Frequently Asked Questions (FAQ) :
The Infrastructure Monitoring market size was valued at USD 9.04 Billion in 2022.
The market is projected to grow at a CAGR of 7.51% during the forecast period, 2023-2030.
North America had the largest share of the Infrastructure Monitoring market.
The key players in the market are Cisco System, Accel Frontline Limited, ITRS Group LTD, Netreo, Nagios Enterprises, Oracle Corporation, Plumbr, CapaSystems A/S, Zenoss Inc, and Datadog.
The Wireless category dominated the market in 2022.
The Aerospace & Defense segment had the largest share in the market for Infrastructure Monitoring.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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