The Wireless Infrastructure Monitoring Market size is estimated at USD 4.18 billion in 2024, and is expected to reach USD 7.67 billion by 2029, growing at a CAGR of 12.90% during the forecast period (2024-2029).
The rapid advancements in technologies such as sensor technology, wireless technology, and IoT, which provide real-time information on structural conditions and health of infrastructures is driving the market.
The wireless infrastructure monitoring market is highly competitive and consists of a few major players such as Acellent Technologies, Inc., Geocomp Corporation, COWI A/S, Sisgeo S.r.l. and RST Instruments Ltd (Vance Street Capital). These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
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