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(MoneyNewsWire.Net, September 21, 2018 ) According to Verified Market Intelligence, the global infrastructure monitoring market was valued at USD 1.09 billion in 2016 and is projected to reach USD 4.70 billion by 2025, growing at a CAGR of 17.65% from 2017 to 2025.
Infrastructure monitoring comprises analytical and monitoring tools for analyzing the health of the infrastructure. This process involves the collection and evaluation of meaningful data regarding the infrastructure. It provides the essential data required by the infrastructure manager in order to understand the status of the infrastructure as well as helps them in the effective management of the infrastructure. It also helps in managing other processes such as availability, capacity management, security etc.
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Increasing use of advanced sensor technologies, growing public-private partnerships for infrastructural growth and declining cost of sensors resulting in the reduction of infrastructure monitoring system cost and increasing capital investments for structural health monitoring have been driving the global infrastructure monitoring market. While concerns for data security and privacy and high installation and monitoring costs might hinder the overall growth at a global level.
The “Global Infrastructure Monitoring Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Pure Technologies, Acellent, Campbell Scientific, Geokon, Digitexx, Sisgeo, and AVT Reliability. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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