Internet of Things (IoT) in Construction Market Overview, Merger and Acquisitions , Drivers, Restraints and Industry Forecast By 2027
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. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape. 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. Increasing adoption of Internet-connected devices in the construction industry and rising need to ensure safety of workforce and enhance productivity are key factors driving global IoT in construction market revenue growth .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. Wireless concrete maturity sensor is an IoT-based technology, which is increasingly being adopted in the construction industry.
The report carefully investigates the present market scenario and the fundamental growth prospects .However, there is no compromise on the quality of information which is certified by the industry experts. 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. The segmentation included in the report is beneficial for readers to capitalize on the selection of appropriate segments for the Internet of Things (IoT) in Construction sector and can help companies in deciphering the optimum business move to reach their desired business goals.
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Key players in the market include Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp.
Ability of wireless concrete maturity sensors to deliver real-time notifications about temperature and strength of concrete and minimize reliance of the developer on third-party labs by eliminating field-cured cylinders is expected to further deployment in the construction industry. Internet of Things (IoT) in construction Market Size – USD 8.52 Billion in 2020, Market Growth – at a CAGR of 15.5%, Market Trends – Increasing utilization of wireless concrete maturity sensors. Steady market revenue growth rate can be attributed to increasing adoption of Internet-connected device in the construction industry to address common workplace concerns.
Emergen Research has segmented the global Internet of Things (IoT) in construction market on the basis of components, application, end-use, and region:s
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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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Taxonomy:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Key Objectives of the Report:
Analysis and estimation of the Internet of Things (IoT) in Construction market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Internet of Things (IoT) in Construction market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
To know more about the report:https://www.emergenresearch.com/industry-report/internet-of-things-in-construction-market
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