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.
The latest market intelligence report, titled ‘Global Internet of Things in Construction market’, is intended to provide the target audience with the necessary information about the global Internet of Things in Construction market industry. The report comprises a detailed analysis of the vital elements of the Internet of Things in Construction market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. Its panoramic view of the Internet of Things in Construction market industry entails useful insights into the estimated Internet of Things in Construction market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans..
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Scope of the Global Internet of Things in Construction market Report
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Internet of Things in Construction market industry, which turns out to be beneficial for readers interested in this sector.
Covid impact analysis:
the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry.
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Top key companies include are:
Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp
Segmentation :
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
Regional Analysis:
The report sheds light on the region expected to dominate the Internet of Things in Construction market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Internet of Things in Construction market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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What Questions Should You Ask before Buying a Market Research Report?
- How is the Internet of Things in Construction market evolving?
- What is driving and restraining the Internet of Things in Construction market?
- How will each Internet of Things in Construction submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
- How will the market shares for each Internet of Things in Construction submarket develop from 2022 to 2030?
- What will be the main driver for the overall market from 2022 to 2030?
- Will leading Internet of Things in Construction markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
- Who are the leading players and what are their prospects over the forecast period?
- What are the Internet of Things in Construction projects for these leading companies?
Highlights of Table of Content :
Chapter 1. Methodology Sources
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Internet of Things in Construction Market Segmentation Impact Analysis
Chapter 5. Internet of Things in Construction Market By Type Insights Trends, Revenue (USD Billion)
Chapter 6. Internet of Things in Construction Market By Duration Insights Trends, Revenue (USD Billion)
Chapter 7. Internet of Things in Construction Market By Application Insights Trends, Revenue (USD Billion)
Chapter 8. Internet of Things in Construction Market By End-use Insights Trends, Revenue (USD Billion)
Chapter 9. Internet of Things in Construction Market Regional Outlook
Chapter 10. Competitive Landscape
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