Infrastructure Asset Management Market To Reach USD 84.7 Billion By 2032, Says DataHorizzon Research

Advertisement

Demand for Infrastructure Asset Management to Soar High.

Fort Collins, Colorado, April 03, 2024 (GLOBE NEWSWIRE) — The Infrastructure Asset Management Market size was valued at USD 41.6 Billion in 2023 and is anticipated to grow CAGR at 8.2% to reach USD 84.7 Billion by 2032.

Infrastructure Asset Management (IAM) software manages and sustains the entire lifecycle of infrastructural projects, from design to disposal. IAM software is beneficial for managing infrastructure projects such as bridges, railways, wastewater treatment, roads, and other public service infrastructures.

Advertisement

Infrastructure asset management is largely driven by infrastructure growth due to the growing development and investment in public utility sectors such as wastewater management, energy, transportation, and manufacturing. These industries have witnessed heavy investments in assets like land, buildings, and machinery to obtain long-term service life and also require a large amount of capital to manage a bulky infrastructural project. For a business, IAM offers multiple benefits to the stakeholders.

For heavy returns, IAM benefits by managing the project complexity and aligning resources accordingly. To develop and manage these businesses, these organizations deploy infrastructure asset management solutions to efficiently use their existing facilities and ensure that these assets are properly maintained. 

Request Sample Report:

https://bit.ly/4aEYVFK

Segmentation Overview:

The global infrastructure asset management market has been segmented into component, service, application, and region. The infrastructure asset management market segmentation, based on service, includes strategic, operational, and tactical asset management. Operational Asset Management holds a significant share of the service segment of the infrastructure asset management market.

Buy This Research Report: 

https://bit.ly/49kx5gL

Infrastructure Asset Management Market Report Highlights:

  • The global infrastructure asset management market growth is anticipated at a CAGR of 8.2% by 2032.
  • Investment at the state and national levels and adoption of this software by larger organizations are leading to an increased demand for infrastructure asset management software. In recent years, governments across various countries have been focusing on developing smart cities and solar energy infrastructure. This has led to the high adoption of the latest technologies, emphasizing the development of intelligent transportation and smart parking systems.
  • Based on the service, operational asset management holds a significant share of the service segment of the infrastructure asset management market. It refers to strategically choosing which infrastructure needs to be renovated or disposed of, which one needs maintenance, and when to implement the maintenance activities. It also helps understand the challenging factors in projects.
  • North America accounts for a major share of the infrastructure asset management market, with the United States having a substantial share in this region. According to the U.S. Department of the Treasury, the government spending on infrastructure projects.
  • Some prominent players in the infrastructure asset management market report include Siemens Corporation, Oracle Corporation, IBM Corporation, Schneider Electric, ABB Ltd., Bentley Systems, Infor Inc., WSP Global Inc., Atkins Realis, SIMCO Technologies Inc., and others. 

Looking Exclusively For Region/Country Specific Report?

https://bit.ly/4aIlfyd

OR

Ask For Discount 

https://bit.ly/4aE9UiB

Infrastructure Asset Management Market Segmentation:

By Component: Solution and Services

By Service: Strategic Asset Management, Operational Asset Management, and Tactical Asset Management

By Application: Transportation Infrastructure, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure, Mining, and Others

By Region: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

 

About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

Contact:

Mail: [email protected]

Ph: +1-970-672-0390

Website: https://datahorizzonresearch.com/

Follow Us: LinkedIn 

 

Recent Publications

Surge Protection Devices Market Size

Parking Management Market Size

Smart Advertising Market Growth

Digital Map Market Trend

Data Center Cooling Market Forecast

CONTACT: Mail: [email protected] Ph: +1-970-672-0390 Website: https://www.datahorizzonresearch.com 

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.