Consumer Goods

Infrastructure Asset Management Market is expected to reach USD 76.48 billion by 2030

Jun 2023

Consumer Goods

As per the report published by Kings Research, the global Infrastructure Asset Management Market was valued at USD 29.18 Billion in 2022 and is projected to reach USD 76.48 Billion by 2030, growing at a CAGR of 13.17% from 2023 to 2030.

The demand for infrastructure asset management services has grown significantly in recent years due to the increasing dependence on infrastructure assets and the need for effective asset management strategies. Both public and private sector organizations are seeking these services to ensure optimal performance and efficiency of their assets, reduce operational costs, and manage risks effectively. The infrastructure asset management industry is expected to grow and providers of these services will continue to play a critical role in managing assets that are essential for smooth.

Key Insights

  • Based on the asset ownership type, the government segment held the largest market share in 2022 and is growing at a CAGR of 12.39% during the forecasted period from 2023 to 2030.
  • Based on application, the energy infrastructure segment generated the highest revenue of 10.06 billion USD in 2022.
  • On the basis of region, North America accounted largest market share in 2022 and is growing at a CAGR of 11.71% from 2023 to 2030.

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Increasing Demand for Effective Asset Utilization is Driving the Market

Increased demand for effective asset utilization has become a top priority for organizations looking to maximize returns on investment and increase efficiency. To achieve these objectives, asset management tools and strategies can be leveraged to gain insight into the most valuable assets and their optimal usage. This knowledge can then be used to make informed decisions about resource allocation and investments in new assets.

Additionally, the Infrastructure and Jobs Act (IIJA) has been enacted with a spending package of $1.2 trillion, which includes $550 billion in new spending to develop transportation and water infrastructure, supply broadband access, bolster resilience, and build electric vehicle charging stations.

The Cost Associated with Adopting New Asset Management Systems

The global asset management market confronts multiple challenges that can hinder its growth and profitability. One of the primary challenges is the elevated expenditure associated with the integration of new asset management systems, which can present a significant obstacle, especially for small and medium-sized enterprises working within constrained budget.

Furthermore, the integration of new asset management systems with existing IT infrastructure may pose difficulties for companies, alongside maintenance costs that are necessary to ensure they work effectively, thereby increasing overall cost of the systems. Moreover, companies may face challenges in recruiting and retaining skilled personnel capable of managing and operating such systems proficiently.

Infrastructure Asset Management in North America Takes Center Stage with 45.30% Market Share Dominance

The North America has dominated the market share of 45.30% in 2022. North America, infrastructure asset management has gained significant importance due to the prevalent aging infrastructure systems, which puts a strain on the financial outlay.

The major demand for efficient asset management strategies aimed towards improving the performance of an asset while reducing the costs and risks related to it. The advanced tools and techniques available for asset monitoring and management have contributed to the growth of the sector during the forecasted period.

Industry Leaders Forge Collaborative Agreements to Fortify Their Standing in the Market

The market is fragmented with key players such as EverStream Energy Capital Management LLC, WSP, RPS Group, Brookfield Asset Management, Macquarie Group Limited, SIMCO Technologies, Pitney Bowes Inc., SNC-Lavalin, Aabasoft, and ThomasLloyd Group. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.


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