Product ID: UCMIG45D2019
Smart Infrastructure Market Size, Share, Growth Analysis, By Type (Smart Grid, Smart Water Network), By End-user(Utility, Transport), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45D2019 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Smart Infrastructure Market Insights
Market Overview:
The global market size for smart infrastructure was USD 77.66 billion in 2020, and it is expected to grow significantly from USD 97.20 billion in 2021 to USD 434.16 billion in 2028, exhibiting a CAGR of 23.8% during the 2021-2028 period. Despite the unprecedented and staggering impact of COVID-19, smart infrastructure witnessed a negative demand shock across all regions during the pandemic. Our analysis shows that the market experienced a stagnant growth of 9.9% in 2020 compared to the average year-on-year growth during 2017-2019.
Smart Infrastructure Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Smart Infrastructure Market Report Snapshots
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