Report ID: SQMIG45A2393
Report ID:
SQMIG45A2393 |
Region:
Global |
Published Date: December, 2024
Pages:
182
|
Tables:
124 |
Figures:
72
Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to innovations, aging infrastructure, and growing government funding. North America is rigorously focusing on research and development, impacting improvements in monitoring technologies, such as AI, IoT, and data analytics. A major share of infrastructure is aging, which increases the demand for effective monitoring solutions to confirm compliance and safety with strict regulations. Furthermore, growing initiatives and investments from private and state governments are emphasizing modernizations and advancements, which boosts the demand for monitoring solutions. The key players profiled in the region include Trimble Inc., Honeywell International Inc., Golder Associates, Stantec Inc., SNC-Lavalin (North America Division), Terracon Consultants, Inc., and more.
Asia-Pacific is the fastest-growing region in the global infrastructure monitoring market due to the speedy urbanization, rising government investments, and faster adoption of technology. The region is witnessing significant urbanization, resulting in amplified infrastructural developments and an increased demand for efficient monitoring solutions. Strong government backing and funding for numerous projects of infrastructure in nations like India, and China are boosting the demand for reliable monitoring technologies, thus affecting the market in Asia-Pacific. The regional growth is also impacted by the rising adoption of improved technologies like big data and IoT that improves the efficiency and effectiveness of infrastructure monitoring solutions.
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Report ID: SQMIG45A2393