Geotechnical Instrumentation + Monitoring Market $5.0B by 2024

CHICAGO, July 10, 2019 /PRNewswire/ -- According to the new market researchreport " Geotechnical Instrumentation and Monitoring Market by Offering (Hardware & Software, and Services), Technology (Wired,Wireless), Structure(Tunnels & Bridges, Buildings & Utilities, Dams), Application, End User, and Geography - Global Forecast to 2024" , published by MarketsandMarkets™, the Geotechnical Instrumentation And Monitoring (GTIM) Market is expected to grow from USD 3.3 billion in 2019 to USD 5.0 billion by 2024, at a CAGR of 9.0%.

Major factors fueling the demand for GTIM include the significant rise in infrastructure investments across various countries, stringent government regulations to make structures more sustainable and safe, increased awareness about benefits of GTIM tools, and failure of geotechnical structures results in loss of lives and destruction of infrastructure, as well as financial losses.

https://www.bloomberg.com/press-releases/2019-07-10/geotechnical-instrumentation-and-monitoring-market-worth-5-0-billion-by-2024-exclusive-report-by-marketsandmarkets