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Showing posts with the label infrastructure monitoring market size

Infrastructure Monitoring System Market - Forecast(2022 - 2027)

 According to the findings by the World Economic Forum, China is building eight new airports each year, with a target to have 260 airports by 2020. Along with the aerospace sector, there is rampant growth of infrastructure in the civil, mining, energy, and aviation sectors, owing to the cumulative demand for enhancing output globally. This is leading to unprecedented growth in the demand for effective monitoring and data-driven insights for hassle-free maintenance operations, timely detection of unplanned downtime, resource saturation, and network intrusion in infrastructure. The global infrastructure monitoring system market size was valued at $1.88 billion in 2018, owing to the industry’s ability to provide efficient operations for capacity management, service level management, availability and security check. Through integration of advanced technologies such as IoT and wireless, and the reducing cost of sensors, opportunities in the market is estimated to be progressing at a CA...