The global Internet of Things (IoT) in construction market size is expected to reach USD 26.79 Billion in 2028 and register a robust revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth rate can be attributed to increasing adoption of Internet-connected device in the construction industry to address common workplace concerns. The construction industry is increasingly deploying IoT technology in order to overcome flat productivity, more schedule overruns, decreased margins, and increasing competition in the industry. Advancements within the fields of sensors technology, embedded code, property tools, and machinery related to IoT in construction industry offers preventive maintenance along with more advanced benefits and operational features. Predictive maintenance technologies are increasingly being adopted in the construction industry to track the state or status of heavy equipment and monitor fuel consumption of a machines and vehicles in order to gain clear insights regarding overall performance and efficiency. These factors are driving steady demand for IoT technology in the construction industry. Rising need to ensure improved safety of workforce and personnel and to enhance productivity is also resulting in increasing adoption of wearables in the construction industry. Some include devices such as smart watches, AR googles, and smart helmets. Microsleep prevention, smart monitoring of hazardous gases, and fall prevention are some advantages of wearables, of which adoption has been increasing steadily in the construction industry in the recent past.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the high acuity information solutions market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analyzed and validated through primaries.
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Additionally, researchers have closely examined the significant changes in the market following the coronavirus outbreak. This is the latest report examining the economic situation of the Internet of Things in Construction industry after the current pandemic. The COVID-19 pandemic has significantly changed various aspects of the global Internet of Things in Construction market scenario. The latest report provides a comprehensive COVID-19 impact analysis of the market, helping readers to know about the significant impact of the outbreak on the current and future scenarios of this business.
Key Internet of Things in Construction Market participants include Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp
Key inclusions of the Internet of Things in Construction Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
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Segments Covered in this report are:
Components Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Hardware
- Services
Application Outlook (Revenue, USD Billion; 2018–2028)
- Fleet Management
- Predictive Management
- Safety Management
- Remote Operations
- Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Commercial
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
Get free Sample copy of the Internet of Things in Construction Market report 2022
Some of the key questions answered in this report:
What is the size of the overall Internet of Things in Construction Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the Internet of Things in Construction Market and how they are expected to impact the market?
What are the attractive investment opportunities within the Internet of Things in Construction Market ?
What is the Internet of Things in Construction Market size at the regional and country-level?
Who are the key market players and their key competitors?
What are the strategies for growth adopted by the key players in Internet of Things in Construction Market ?
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