U.S. Infrastructure Asset Management Market is Municipal Dependence on Technological Evolution

The U.S. infrastructure asset management market size was calculated at USD 10.97 billion in 2024 and is predicted to attain around USD 23.35 billion by 2034, expanding at a CAGR of 7.84% from 2025 to 2034.

Highlights of the U.S. Infrastructure Asset Management Market

• By application, the transportation segment held a dominant presence in the market in 2024.
• By application, the energy infrastructure segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
• By service, the operational asset management segment accounted for a considerable share of the market in 2024.
• By service, the strategic asset management segment is projected to experience the highest growth rate in the market between 2025 and 2034.
• By component, the services segment led the market. 
• By component, the solution segment is set to experience the fastest rate of market growth from 2025 to 2034.

Industry Valuation and Growth Rate Projection

Municipalities rely on these services while needing access to goods and services to be a well-functioning society. The U.S. Infrastructure Asset Management market enables American municipalities to plan, inspect, and repair critical infrastructure to ensure that the functions can be safely continued over time. Governmental agencies and organizations are utilizing technology as a way to monitor these external factors that influence risks to infrastructure sustainability. Technologies using smart building sensors and software will generate data and shape the types of categories that stakeholders can follow through the repair and inspection of physical assets. Stakeholders are mostly concerned as citizens, trying to spend within budgets, not incurring too many risks, and ensuring public safety. Cursory challenges will include stakeholder buy-in and partnerships that ultimately accelerate the development of this spatial medium.

These factors will soon fundamentally shift the American landscape regarding the infrastructure, technology, and city services. All markets must compete for priority and spend within budget assets, which means, in real terms, that an ever-increasing number of active citizens will be able to move about safely. Environmental, climate change, and extreme weather patterns will test many of these new assets in terms of their designed conditions to encounter flood levels of performance while managing and adapting space into roadways.  The U.S. Infrastructure Asset Management market will likely expand to value confined to remote or globalized means only.  Consequently, owners, combined budget approaches will soon become an effective leverage to develop your stakeholders to attract grants and funding opportunities to sustain the safety of our most precious valued resource, humanity.

What Are the Market Trends in the U.S. Infrastructure Asset Management Market?

• The market trends in the U.S. Infrastructure asset management market are the adoption of smart technology, digital twins, public-private partnerships (PPP), and a sustainable focus.
• Several cities are deploying smart sensors and software to help cities monitor roads, bridges, and pipes in real-time. Monitoring puts cities in a better position to detect issues early and respond more quickly.
• A number of U.S. agencies are leveraging digital twins, which refer to a virtual representation of real-world physical assets, for planning and maintenance for all agency uses. Through leveraging these technologies, it improves decision-making and saves money with facility repairs and more.
• More infrastructure projects have private companies working alongside government projects than ever before. This can provide even more options to fund a large upgrade without full public expenditure.
• Of the asset managers, many are prioritizing sustainable materials and energy efficiency upgrades to potentially reduce carbon footprints and waste.

What Are the Restraints in the U.S. Infrastructure Asset Management Market?

• The market restraints in the U.S. infrastructure asset management market are slow processing by the government, prohibitive costs, old infrastructure systems, and an unqualified workforce.
• New asset management software and smart devices can be costly solutions. Smaller towns may not be able to invest in them.
• There is a shortage of trained labor in the U.S. of skilled workers to manage and analyze asset data. It can slow the adoption of new systems and make them less appealing.
• Most cities in the U.S have aging roads and aging pipes that may not be able to be upgraded. Investing in infrastructure systems can limit labor and be an expensive risk.
• The infrastructure approval or money spent can be lengthy. This may push back their timeline and affect the valuable outcomes of the application in a timely fashion.

What Are the Opportunities in the U.S. Infrastructure Asset Management Market?

• The opportunities in the U.S. Infrastructure asset management market lie in the federal funding programs, cloud-based solutions, and artificial intelligence and machine learning.
• U.S. legislation, such as the Infrastructure Investment and Jobs Act, has passed $246 billion in funding. This funding has made getting new asset management programs started much easier for many cities.
• Cloud-based software continues to help smaller U.S. towns manage assets without the associated costs of traditional asset management software packages. Cloud-based systems tend to be easier to update and stay in touch with.
• Advanced technology is helping with forecasting when assets will fail. This can help with planning maintenance using smarter timing.

Recent Developments in the U.S. Infrastructure Asset Management Market:

• In February 2025, Patrizia, in conjunction with CenterSquare Investment Management, invested in Aligned Data Centers to help it expand across North and South America. The funding was part of a multi-billion-dollar capital raise, which enabled Aligned to deliver over 5 GW of new hyperscale data center capacity.
• In April 2025, Nova Infrastructure purchased a controlling interest in U.S. data center operator DartPoints and expanded its footprint in ten Tier-2 and Tier-3 markets. The deal, which exceeded $250 million in value, was intended to help DartPoints grow and develop infrastructure across the country.