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Smart Infrastructure Market Size, Share, Demand, Growth and Forecast by 2028


IMARC Group has recently released a new research study titled “Smart Infrastructure Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the smart infrastructure market?

The global smart infrastructure market size reached US$ 121.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 447.79 Billion by 2028, exhibiting a growth rate (CAGR) of 22.80% during 2023-2028.

Smart Infrastructure Market Report by IMARC Group

What is Smart Infrastructure?

Smart Infrastructure refers to the integration of digital technology and analytics into traditional infrastructure elements like transportation, energy, and utilities.

Smart Infrastructure Characteristics:

Smart infrastructure represents a pivotal evolution in urban development, revolutionizing how cities function and respond to the needs of their inhabitants. At its core, smart infrastructure refers to the integration of advanced technologies into the physical structures and systems that support urban life. This includes transportation networks, utilities, public buildings, and more. Characterized by its ability to enhance efficiency, sustainability, and overall quality of life, smart infrastructure boasts several key features. One of its defining characteristics is connectivity, as it leverages the Internet of Things (IoT) to link various components, allowing real-time data collection and analysis. This connectivity enables predictive maintenance, reducing downtime and costly repairs.

Additionally, smart infrastructure is marked by its sustainability efforts, incorporating eco-friendly materials, energy-efficient systems, and renewable energy sources to minimize environmental impact. Furthermore, it prioritizes safety and security by integrating advanced monitoring and surveillance systems, enhancing public safety. The deployment of smart sensors and control systems enables efficient resource management, optimizing energy consumption and reducing waste. Smart infrastructure is adaptable and scalable, allowing cities to grow and evolve while maintaining functionality. It promotes data-driven decision-making, which aids in the development of more responsive and citizen-centric services.

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Smart Infrastructure Market Trends and Growth Factors: 

The increasing emphasis on eye health and the early detection of ocular conditions is a primary driving force behind the growth of the tonometer market. This trend mirrors the broader shift towards proactive healthcare solutions. Furthermore, the tonometer market benefits from its wide accessibility, thanks to devices available across various price points, making them accessible to a broad spectrum of healthcare providers. This accessibility, in turn, fuels market expansion. Tonometers, with their versatile utility in diagnosing conditions like glaucoma, play a pivotal role in enhancing eye care regimes. They are indispensable tools in the arsenal of ophthalmologists and optometrists, contributing significantly to the early detection and management of eye-related ailments.

Moreover, advancements in tonometry methods, including non-contact and applanation techniques, have resulted in more precise and user-friendly devices. These innovations not only enhance diagnostic accuracy but also drive increased adoption rates among eye care professionals, thereby positively influencing market growth. In a rapidly evolving healthcare landscape, the rise of telehealth and mobile healthcare solutions has introduced portable tonometers to the market. These portable devices offer greater convenience and flexibility in eye health assessments, aligning with the evolving needs of both patients and healthcare providers.

Additionally, the proliferation of online platforms dedicated to medical equipment and supplies has made tonometers more accessible to a global consumer base. This has further facilitated the market's expansion as it enables easy procurement of these vital diagnostic tools. In line with this, the growing trend towards preventive healthcare, tonometers are receiving heightened attention for their role in early diagnosis. This emphasis on early detection aligns with the broader healthcare goal of proactive intervention and is a key driver for the optimistic market outlook for tonometers.

What Is Included In Market Segmentation?

The report has segmented the market into the following categorie

Breakup by Type:

  • Smart Grid
  • Smart Water Network
  • Intelligent Transportation Network
  • Intelligent Buildings
  • Others

Breakup by End User:

  • Utility
  • Transport
  • Communications
  • Built Environment

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape with Key Players:

Companies Covered:

Aclara Technologies LLC (Hubbell Incorporated), ABB Limited, AVEVA Group Limited, Black & Veatch Holding Company, Cisco Systems Inc., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG, Verizon Communications Inc., etc.

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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