Professional services play an important role

The smart infrastructure market can be segmented by professional services into consulting & implementation, support & maintenance, and training & education. Consulting & implementation services serve as the architects, meticulously crafting strategic plans, designing technical frameworks, and managing projects to fruition. Their expertise ensures seamless integration of cutting-edge technologies while navigating regulatory landscapes. On the operational front, support & maintenance services stand as guardians, providing round-the-clock technical assistance, proactive monitoring, and system upgrades to sustain peak performance. Their diligent efforts uphold reliability, minimize downtime, and optimise resource utilisation. Meanwhile, training & education services act as enablers, empowering users and technical personnel alike with the knowledge and skills essential for harnessing the full potential of smart infrastructure solutions. Through user training, technical workshops, and certification programmes, they foster a skilled workforce capable of navigating the complexities of modern infrastructure technologies.

Managed services to show strong growth

Managed services serve as the backbone, offering a comprehensive suite of solutions tailored to the complex needs of modern businesses and organisations. Through continuous monitoring and proactive management, these services ensure the seamless operation of critical infrastructure components, including sensors, networks, and applications. By harnessing the power of data analytics and predictive maintenance algorithms, managed service providers enable organisations to anticipate and address potential issues before they disrupt operations, minimizing downtime and optimising asset performance.

Moreover, managed services play a pivotal role in enhancing the security posture of smart infrastructure, offering round-the-clock monitoring, threat detection, and incident response capabilities to safeguard against cyber threats and ensure regulatory compliance. With the flexibility to scale resources on demand and the promise of cost savings through outsourcing, managed services empower organisations to focus on their core competencies while driving innovation and efficiency in the ever-evolving landscape of smart infrastructure.

North America sees significant growth

The smart infrastructure market in North America has been experiencing significant growth and development driven by urbanisation, population increases, and a pressing need for sustainable resource management. According to the researchers, some of the key factors fueling this expansion include government initiatives at federal, state, and local levels that promote and fund smart infrastructure projects.  Furthermore, the region's commitment to sustainability and reducing carbon emissions accelerates the adoption of smart grids, intelligent transportation systems, and smart buildings.

Market players

The smart infrastructure market comprises major providers, such as Siemens, Cisco, Honeywell, IBM, Hitachi, Scheider Electric, Microsoft, Huawei, ABB, Johnson Controls, Intel, Oracle, TCS, Fujitsu, Itron, Accenture, Sense, Appyway, Telensa, Gaia, Panamax Infotech, Envelio, Xenius, Anavision, Enevo, and Cubic Telecom.  Analysts found that these competitors have used various growth methods to increase their market share in the smart infrastructure industry, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.