Infrastructure Asset Management Market Size Worth $ 85.44 Billion By 2032 | CAGR: 8.6%

The global infrastructure asset management market size is expected to reach USD 85.44 billion by 2032, according to a new study by Polaris Market Research. The report “Infrastructure Asset Management Market Share, Size, Trends, Industry Analysis Report, By Application, By Component, By Service (Strategic, Operational, Tactical), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Technological progressions, particularly in areas like the Internet of Things (IoT) and automation, have paved the way for the integration of analytical and business intelligence tools into infrastructure management solutions. This integration is transforming the landscape, enabling more efficient and effective management of various infrastructural assets.

Government agencies worldwide are increasingly prioritizing the adoption of advanced infrastructure management solutions. They are moving away from conventional methods and embracing technologies that leverage internet services like GPS and cloud computing. These technologies enhance the accuracy, speed, and overall capabilities of infrastructure management, allowing for better decision-making, streamlined processes, and cost-effective operations.

Investments in road infrastructure management are anticipated to rise due to the implementation of smart city projects like traffic management and parking management in the coming years. The swift integration of advanced technological systems, such as license plate recognition systems, traffic signal systems, and smart parking systems, in road infrastructure is expected to fuel the growth of the market

Government entities at both the federal and municipal levels in different cities have been concentrating on creating well-structured smart cities through Public-Private Partnership (PPP) investments. This approach has resulted in widespread adoption of cutting-edge technologies, particularly in the development of intelligent transportation systems and smart parking solutions.

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Additionally, there is a growing awareness regarding the advantages of IoT-based asset management solutions. IoT technology enables the seamless connection of physical assets to the digital world, enabling real-time monitoring, data collection, and analysis. This connectivity and data-driven approach empower organizations to proactively manage their assets, predict maintenance needs, and optimize performance.

As a result, the adoption of IoT-based asset management solutions is expected to soar. The ability to monitor assets in real time, analyze data for patterns and trends, and make informed decisions not only enhances efficiency but also reduces costs in the long run. These factors collectively drive the growth of the infrastructure asset management market, making it essential for both public and private sectors to leverage these technological advancements for efficient and sustainable infrastructure management.

Infrastructure Asset Management Market Report Highlights

• Transportation segment garnered the largest share, as there is a huge investment on the public infrastructure, and growing need to manage it effectively
• Solution segment will grow at substantial pace, due to rise in strategic assets essential to daily human life
• North America held the largest share, as there is rising need to optimize asset utilization, and to maximize public infrastructure ROI
• The global players include WSP, RPS Group, Macquarie Group, SIMCO Technologies, ThomasLloyd, and EverStream Capital Management.

Polaris Market Research has segmented the infrastructure asset management market report based on component, services, application, and region:

Infrastructure Asset Management, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Solution
• Services

Infrastructure Asset Management, Services Outlook (Revenue - USD Billion, 2019 - 2032)

• Strategic asset management
• Operational asset management
• Tactical asset management

Infrastructure Asset Management, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Transportation infrastructure
• Energy infrastructure
• Water & waste infrastructure
• Critical infrastructure
• Mining
• Others

Infrastructure Asset Management, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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