Infrastructure Monitoring Market Size
The global infrastructure monitoring market size is slated to reach USD 5.6 billion by 2023, according to the latest report by Market Research Future (MRFR). It can exhibit 26% CAGR from 2017 to 2023. The market report provides an overview of the industry as well as prospects of the market for the forecast period (2020-2027). It contains growth drivers and setbacks to be faced by leaders amid the COVID-19 pandemic.
Infrastructure Monitoring Market Scope
The global infrastructure monitoring market is driven by demand for effective monitoring of novel infrastructural projects. Rampant establishment of new facilities and units for increasing production capacity is likely to encourage market growth. Detection of resource scarcity and intrusion of online threats can lead to huge demand from industries of oil energy, aviation, mining, and civil.
Investments in structure monitoring for maintenance of infrastructure can bolster overall market demand significantly. It plays a central role in identifying root causes of errors. Evolution of communication networking technologies and installation of new towers for increasing the range of networks and services can favor the infrastructure monitoring market. Enterprises are shifting to software platforms and infrastructure to manage challenges of high installation costs and cyberattacks.
But the limitation of monitoring tools to collect a certain type of data can restrict market growth.
Infrastructure Monitoring Market COVID-19 Impact
The COVID-19 pandemic has been beneficial to the infrastructure monitoring market owing to shift to digital space by various leaders across industries. Rise of remote working and remote monitoring is likely to bode well for the market.
Read more@ https://www.marketresearchfuture.com/reports/infrastructure-monitoring-market-5886
Infrastructure Monitoring Market Segmentation
Managed Services to Dominate Market
Managed services are expected to capture a large market share owing to the challenges faced by them to manage the large volume of data. Investments in SCADA and MATLAB applications for detecting damages and curbing repair costs can drive the segment growth.
Cloud-based Infrastructure Monitoring Deployment to Gain Maximum Market Share
The cloud-based deployment is expected to gain mileage owing to convenience of applications for tracking and monitoring of data on the cloud. The tools can monitor resource allocation, application performance, and network availability while controlling the expenditure.
Uptime Monitoring Process to Lead in Market
The uptime monitoring process is expected to take the lead in the global market due to accumulation of data for various metrics and monitoring of servers using dashboards.
Infrastructure Monitoring Market Regional Analysis
North America to Dominate Global Market
North America is poised to lead in the global infrastructure monitoring market owing to presence of key vendors and a high concentrated base of small and medium enterprises. Approvals of drones and its application in monitoring across sectors of agriculture, construction, and healthcare can drive market demand significantly. Moreover, development of highways, bridges, roadways, and mining areas coupled with increased budget for infrastructure projects in the U.S. and Canada will prove beneficial to the market.
Infrastructure Monitoring Market Competitive Analysis
Oracle Corporation (U.S.A.), Zenoss Inc. (U.S.A.), ITRS GROUP LTD. (U.K.), Zabbix LLC. (U.S.A.), Accel Frontline Limited (U.S.A.), Datadog, Inc. (U.S.A.), Observium Limited (U.K.), Netmagic Solutions (India), Tildeslash Ltd (U.K.), Nagios Enterprises (U.S.A.), Plumbr (Europe), Cisco Systems (U.S.A.), CapaSystems A/S (Denmark), and others are key players in the global infrastructure monitoring market. Partnerships are likely to be prevalent in the marketspace as players looking to lower buffer time and improve device performance.
Industry News
Conviva has partnered with Datadog to provide customers an integrated dashboard for monitoring and correlation of data on important metrics on infrastructure.
