Blockchain Press Releases
Infrastructure Monitoring Market to Reach $10.26 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, June 27, 2023 /PRNewswire/ — The global infrastructure monitoring market size is expected to reach USD 10.26 billion by 2030, registering a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Infrastructure monitoring focuses on the development, deployment, and utilization of technologies, systems, solutions, and services that are aimed at monitoring and assessing the condition, performance, and integrity of various types of infrastructure across the verticals including oil & gas, manufacturing, aerospace and defense, construction, automotive, and power generation. This includes but is not limited to equipment, buildings, bridges, roadways, and utility networks. Infrastructure monitoring aims to gather real-time data, often through sensors and monitoring systems, to enable proactive maintenance, detect potential issues or failures, ensure the safety and reliability of infrastructure assets, and optimize their performance.
Key Industry Insights & Findings from the report:
- Infrastructure monitoring is to ensure the safety, reliability, and efficiency of infrastructure systems, such as machinery, bridges, roads, buildings, equipment, and utility networks.
- The services segment is projected to grow at the fastest CAGR over the forecast period.
- The wired technology segment is expected to dominate the market in 2022 with a revenue share of 56.8% and is expected to expand at a CAGR of 8.1% from 2023 to 2030.
- The damage detection segment is projected to grow at the fastest CAGR of 12.3% over the forecast period.
- The manufacturing segment is projected to grow at the fastest CAGR of 18.5% over the forecast period.
Read full market research report, “Infrastructure Monitoring Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology, By Application, By Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
Infrastructure Monitoring Market Growth & Trends
The market encompasses a wide range of technologies, including sensors, data acquisition systems, analytics software, and communication networks, as well as the associated services required to implement, operate, and maintain monitoring solutions. The infrastructure monitoring industry plays a crucial role in enhancing infrastructure systems’ longevity, safety, and efficiency, contributing to the overall development and sustainability of societies and economies. Based on components, the market is divided into hardware, software, and services. Hardware components play a critical role in enabling effective and reliable monitoring of various infrastructure assets.
Based on technology, the market is divided into wired & wireless technology. Based on application, the market is divided into corrosion monitoring, crack detection, damage detection, vibration monitoring, thermal monitoring, multimodal sensing, strain monitoring, and others. Vibration monitoring is an essential tool in infrastructure monitoring, providing valuable data for assessing structural integrity, optimizing performance, enabling condition-based maintenance, and enhancing safety across a wide range of infrastructure assets. Based on vertical, the market is divided into oil & gas, manufacturing, aerospace and defense, construction, automotive, power generation, and others.
Some of the key players operating in the global market for infrastructure monitoring include Siemens AG; Emerson Electric; Digitex Systems; General Electric; Campbell Scientific, Inc.; National Instruments; Honeywell; Acellent Technologies, Inc.; Parker Hannifin; Rockwell Automation; AVT Reliability Ltd.; Bridge Diagnostics, Inc. (BDI); and Yokogawa Electric Corporation. These key players are implementing various development strategies such as business expansion, product launches, partnerships, and others to expand their presence and market share.
In February 2023, Komatsu and Cummins joined forces to introduce a cutting-edge remote equipment monitoring solution that offers seamless integration. This innovative solution aims to minimize unexpected equipment downtime, expedite maintenance procedures, and prolong the lifespan of components while extending maintenance intervals. By leveraging the power of this integrated monitoring solution, customers can optimize their operations, enhance productivity, and achieve greater efficiency in their equipment management practices.
Infrastructure Monitoring Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 4.96 billion |
|
Revenue forecast in 2030 |
USD 10.26 billion |
|
Growth Rate |
CAGR of 11.0% from 2023 to 2030 |
|
Historic year |
2017 – 2021 |
|
Base year for estimation |
2022 |
|
Forecast period |
2023 – 2030 |
Infrastructure Monitoring Market Segmentation
Grand View Research has bifurcated the global infrastructure monitoring market based on component, technology, application, vertical, and region:
Infrastructure Monitoring Market – Component Outlook (Revenue, USD Billion, 2017 – 2030)
- Hardware
- Software
- Services
Infrastructure Monitoring Market – Technology Outlook (Revenue, USD Billion, 2017 – 2030)
- Wired
- Wireless
Infrastructure Monitoring Market – Application Outlook (Revenue, USD Billion, 2017 – 2030)
- Corrosion Monitoring
- Crack Detection
- Damage Detection
- Vibration Monitoring
- Thermal Monitoring
- Multimodal Sensing
- Strain Monitoring
- Others
Infrastructure Monitoring Market – Vertical Outlook (Revenue, USD Billion, 2017 – 2030)
- Oil & Gas
- Manufacturing
- Aerospace and Defense
- Construction
- Automotive
- Power Generation
- Others
Infrastructure Monitoring Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Kingdom of Saudi Arabia (KSA)
- U.A.E.
- South Africa
List of Key Players in the Infrastructure Monitoring Market
- Acellent Technologies, Inc.
- Parker Hannifin
- Siemens AG
- Emerson Electric
- Digitex Systems
- General Electric
- Campbell Scientific, Inc.
- National Instruments
- Honeywell
- Rockwell Automation
- AVT Reliability Ltd.
- Bridge Diagnostics, Inc. (BDI)
- Yokogawa Electric Corporation
Check out more market research studies published by Grand View Research:
- 5G Indoor Network Infrastructure Market – The global 5G indoor network infrastructure market size is expected to reach USD 87.79 billion by 2030, growing at a CAGR of 40.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the factors, such as enhanced connectivity indoors and the growing adoption of 5G in applications, such as data centers, manufacturing, healthcare, and real estate, among others. The high speed and low latency provided by 5G indoor network infrastructure indoors are expected to drive the market’s growth over the forecast period. Countries across the world are rapidly adopting 5G technologies for enhanced connectivity. Countries, such as China, the U.S., Japan, South Korea, the UK, Italy, and Spain, are deploying 5G to keep pace with the growing digitization.
- Enterprise Network Infrastructure Market – The global enterprise network Infrastructure market size is anticipated to reach USD 86.02 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow due to the increasing need for bandwidth, technology shifts to wireless, and the rising adoption of smart devices. Enterprises are adopting digital technology to improve business operations. With increasing digitalization, the importance of network infrastructure is increasing, and thus the demand for network infrastructure is also growing. Moreover, the increasing virtualization of servers, hybrid cloud technologies, personal cloud, and growing demand for enterprise mobility are expected to favourably impact the market over the forecast period.
- Battery Swapping Charging Infrastructure Market – The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, expanding at a CAGR of 20.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period.
Browse through Grand View Research’s Next Generation Technologies Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
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Blockchain Press Releases
Bybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform’s sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit’s robust market presence and its steadfast commitment to security, compliance, and product innovation.
“Reaching 70 million users is more than a number—it’s a testament to the trust our global community places in us,” said Ben Zhou, co-founder and CEO of Bybit. “We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone—from first-time traders to global institutions—can access the future of finance with confidence.”
Strengthening Global Compliance and Regulatory Engagement
Bybit continues to expand its global compliance framework, working closely with regulators around the world. Most recently, Bybit held strategic discussions with Vietnam’s Ministry of Finance, contributing to the country’s regulatory sandbox initiative by sharing expertise in KYC, AML, and international best practices.
Bybit has also made key progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency.
Accelerating Institutional Growth
Bybit is seeing rapid growth among institutional clients, driven by high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody—a leading provider of institutional-grade custody and off-venue settlement solutions—reflects Bybit’s ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings.
Pioneering Web3 Integration and Real-World Utility
Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants.
In line with its user-first philosophy, Bybit is also leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics—even for projects not listed on the platform. TradeGPT, an AI agent trained on Bybit’s proprietary data, delivers rapid price action summaries and technical analysis, helping traders make smarter decisions. Complementing these innovations, an AI Support Agent enhances customer service by improving response efficiency and user experience across the platform.
Bridging Traditional Finance and the Future of Digital Assets
Bybit remains committed to its role as #TheCryptoArk—a safe, trusted bridge from traditional finance into the world of Web3. Through intuitive products, regulatory collaboration, and cutting-edge technology, Bybit empowers users of all levels to navigate and thrive in the digital asset ecosystem.
“We’re building the infrastructure for the next era of finance,” Ben added. “By championing regulation, professionalism, and a relentless user-first approach, we’re shaping a safer, more inclusive, and more empowering financial future for all.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain Press Releases
Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, Futures Combo Carnival, a month-long trading event rewarding both new and experienced Futures Combo traders with multiple rewards tracks. Trading thresholds start at 300 USDT with rewards of up to 500 USDT in prizes weekly.
The largest Futures Combo campaign on Bybit to date, the Carnival gives traders even more reasons to make their futures trading journey hassle-free and more rewarding. Bot-enabled automated trading is becoming the norm among strategic traders in a turbulent market, where no traders can afford manmade mistakes or delays in execution.
Bybit’s Futures Combo Bot is a powerful tool for streamlining users’ futures trading experience, empowering them to build portfolios and rebalance positions across multiple futures contracts. The innovative solution allows traders to set up a Bot within minutes, minimizing manual management of complex trading strategies, and achieving both efficiency and flexibility when managing combos of futures contracts.
From now to Jun. 9, 2025, eligible Bybit users may take part in two events with a welcome bonus for first-time users:
- The Combo Battle offers newcomers who achieve a trading volume of 300 USDT an immediate 5 USDT Bot Bonus on a first-come, first-served basis, while experienced traders can earn lucky draw tickets by reaching volume milestones of 1,000 USDT and 2,500 USDT respectively using Bybit’s Futures Combo Bot.
- The Combo Challenge invites Mandarin-speaking Key Opinion Leaders to create and share their trading strategies on social media using the hashtag #ComboChallenge, with three weekly winners receiving 500 USDT each.
Bybit is committed to making futures trading more accessible to users looking to diversify their trading strategies. With rewards designed for both newcomers and experienced traders, this event strengthens community engagement while supporting users wherever they are on their trading journey. For more details and terms and conditions, users may visit: Bybit Futures Combo Carnival
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit Unifies Loan Products to Enhance Capital Efficiency for Crypto Traders
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing the user experience and capital efficiency of its lending products by integrating Crypto Loans (flexible loans) and Fixed Rate Loans into a single, streamlined interface.
The integration introduces a unified platform for both loan types, enabling users to compare, manage, and optimize their borrowing strategies with greater ease. All loan products are now accessible under the Crypto Loans page, with a redesigned layout that prioritizes usability and transparency.
“Our goal is to simplify how users interact with our lending products while enhancing their capital flexibility,” said Emily Bao, Head of Spot at Bybit. “By consolidating management tools and aligning risk models, we’re giving our users more control and clarity over their borrowing activity.”
Key upgrades include:
- Unified Cross Margin Model: Both flexible and fixed-term loans will now operate under a shared cross-margin system, allowing users to benefit from consolidated Loan-to-Value (LTV) ratios — set at 80% (initial), 85% (margin call), and 92% (liquidation).
- Shared Collateral: Collateral can now be used interchangeably across both loan types, enabling more agile capital deployment.
- Tiered Collateral Ratios: All supported assets will follow a tiered collateral system, reflecting each asset’s risk profile — consistent with the structure previously applied to Fixed Rate Loans.
- Updated Interest Calculation: Interest will be calculated hourly using a compounding method: total debt (principal + accrued interest) multiplied by the hourly interest rate.
Existing loan orders will remain unaffected, continuing under their original terms and conditions. For users seeking further information, detailed guides on both Fixed Rate Loans and Crypto Loans are available via the Bybit Help Center.
This strategic move reaffirms Bybit’s commitment to innovation and user empowerment in the evolving digital asset economy.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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