The global smart infrastructure market is anticipated to grow at a CAGR of 11.1% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of smart city solutions, the need for efficient management and utilization of resources, the demand for fast and efficient transport and commuting, and public safety concerns to accelerate market growth. The substantial growth of smart community services which facilitated advanced infrastructure such as energy networks, transportation, data centres, energy buildings and others has emphasized the best practice for smart cities by implementing integrated asset management solutions.
Browse the full report description of “Smart Infrastructure Market Size, Share & Trends Analysis Report by Component (Smart Energy Management Systems, Smart Parking Management Solutions, Smart Safety and security Systems, Smart Waste Management Solutions, and Others), and by End-User (Utility, Transport, and Communication), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/smart-infrastructure-market
The growing acceptance of smart homes, which provide advantages including increased security, convenience, and energy efficiency. Smart security systems are essential to smart homes as they offer homeowners a sense of security and confidence. For instance, in May 2023, Sensera Systems launched the third-generation SiteWatch PRO3 smart security infrastructure system. The Sensera SiteWatch PRO3 day/night solar security cameras are an integrated system that combines thermal, low-light, and color cameras with infrared lighting, video analytics, and 4G LTE connectivity.
Seamless integration of wired and wireless devices into cloud apps, building management systems (BMS), and building automation systems existing in place. For instance, in March 2023, Siemens AG launched Connect Box, a smart IoT solution to manage smaller buildings. Connect Box, the newest product in the Siemens Xcelerator line, is a simple way to maintain a focus on building performance that may maximize energy efficiency.
Smart infrastructure system provides accurate traffic analytics and monitoring by producing a real-time 3D map of the roads and intersections. The goal of Intelligent Infrastructure Solution is to address some of the most difficult and prevalent infrastructure issues. For instance, in May 2021, Velodyne Lidar, Inc. launched an innovative method for monitoring transportation networks and public areas using lidar sensors and Bluecity's powerful artificial intelligence (AI) software. It provides real-time data analytics and forecasts that enhance the effectiveness of traffic and crowd flow, promote sustainability, and safeguard vulnerable road users.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Component
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes ABB Ltd., Cisco Systems, Inc., Honeywell International, Inc., Huawei Technologies Co., Ltd., Siemens AG, and others.
Key questions addressed by the report
Global Smart Infrastructure Market Report Segment
By Component
By End User
Global Smart Infrastructure Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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