Global IoT Market in Structure Monitoring Size, Share, Development, Growth and Demand Forecast to 2022

The global internet of things (IoT) market for structure monitoring is increasing with the growing numbers of smart buildings. The smart buildings require efficient infrastructure and storage for the information generated through the cluster of technology exploiting different bandwidths. The IoT technology offers an array of solutions to several organizations that seek to improve the quality of life and well-being. The surging urbanization and continuous development in the infrastructure has been the major macroeconomic factors driving the growth of the IoT in structure monitoring market.

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With the advent of smart construction technologies, its applications such as building automation, physical security and energy management has being widely adopted globally. The IoT technology can potentially enhance the overall quality of building structures including their safety, security, and efficiency levels. Structure monitoring refers to the detection of damage and implementation of strategies for engineering structures such as buildings, bridges, ports and platforms. They provide rapid condition screening and aims to provide reliable data and information regarding the integrity of structure in real time.

The demand for IoT in structure monitoring is increasing due to increasing energy cost and government initiatives. The major factors driving the growth of the IoT in structure monitoring market includes ability to reduce the carbon dioxide emission from structures, minimize their maintenance and operating costs, enhancing the life of the structure and improving other aspects for the users’ convenience.

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The surge in global warming is one of the secondary factors augmenting the growth of the IoT in structure monitoring market. The government initiative towards the structure monitoring is also playing a vital role for the growth of the market. The target of the U.S. Government under its Commercial Building Initiatives (CBI) is one of the steps to make commercial buildings, bridges completely energy independent by 2025. Europe is also taking several measures to promote green building installation and renovation. The declining cost of instrumentation in monitoring the structures is expected to provide growth opportunity in the global IoT in structure monitoring market.

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