The report "Geotechnical Instrumentation and Monitoring Market
by Offering (Hardware & Software, Services), Technology (Wired,
Wireless), Structure (Tunnels & Bridges, Buildings & Utilities,
Dams), End user, and Region - Global Forecast to 2022" , is estimated
to be valued at USD 4.64 Billion by 2022, and is projected to grow at a
CAGR of 11.37% between 2017 and 2022. The growth
of the geotechnical instrumentation and monitoring market can be
attributed to the awareness about the benefits of geotechnical
instrumentation and monitoring and stringent government regulations for
its implementation. The rising number of infrastructure projects
across the globe is driving the market growth, as geotechnical
instrumentation and monitoring is planned to be implemented in almost
every critical structure to adhere to safety regulations.
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“The Americas is estimated to hold the largest share of the geotechnical instrumentation and monitoring market by 2022”
The Americas is estimated to have the largest share
of the geotechnical instrumentation and monitoring market by 2022. The
major reason for this large market share is the high number of projects
that are implementing geotechnical instrumentation and monitoring
solutions in the region. The Americas has always been the leader in
implementing this technology and is very particular about the safety of
its structures.
Of all structural segments of geotechnical
instrumentation and monitoring market, tunnels & bridges is the
fastest-growing segment during the forecast period. Bridges and tunnels
are important infrastructures and contribute majorly to the growth of a
region. Geotechnical monitoring in tunnels is important due to the
increased risks of cave-ins. Thus, it is necessary to monitor the safety
of these structures with high precision.
The geotechnical instrumentation and monitoring
market based on offering is classified into hardware & software and
services. The services market is projected to grow at the highest rate
between 2017 and 2022. The primary reason behind this growth is the
demand for remote and real-time monitoring of critical structures, such
as mines and tunnels & bridges.
Some of the major restraining factors for the growth
of the geotechnical instrumentation and monitoring market are the high
installation cost and the slow adoption rate in emerging economies.
Major players in the geotechnical instrumentation and
monitoring market are Fugro N.V. (Netherlands), Keller Group plc
(U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc.
(U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo
Srl (Italy). These players have adopted various strategies, such as new
product developments, partnerships and contracts, and business
expansions to cater to the needs of end users in the geotechnical
instrumentation and monitoring market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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