IoT in Construction Market – Global Opportunities & Forecast, 2020-2027

 The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the IoT in Construction Market:

The major factors fuelling the growth of the global IoT in the construction market include the rapid expansion of the construction industry as a result of increasing population rate, coupled with the rapid urbanization and increasing per capita income across developing countries. The implementation of IoT in the construction industry has brought unique benefits to the industry, such as saving time & money, raised safety, streamlined processing, the improved lifespan of buildings, enabled real-time reporting ability, remote usage monitoring, and other advantages. In addition to this, the rapid technological advancements, various upcoming construction projects, and industry 4.0 are bolstering the demand for digital construction, which in turn, will energize the demand of the market. Moreover, the heavy investment in the construction sector, particularly in developing countries such as China and India, are the important factors boosting the growth of the global IoT in the construction market. On the other hand, the high initial cost involved in the application of IoT in construction is the major factor that will hinder the growth of the market.

This report splits the IoT in Construction Market as follows:

By Project Type:

·         Hardware

·         Software

·         Services

By Offering:

·         Commercial

·         Residential

By Application:

·         Remote Operations

·         Safety Management

·         Fleet Management

·         Predictive Maintenance

·         Others

By Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The IoT in the construction market report also scans the competitive landscape and profiles the major players operating in the market, including Caterpillar Inc., Oracle Corporation, Trimble Inc., Autodesk Inc., Giatec Scientific Inc., Worldsensing, Kore Wireless, Sigfox, Calamp Corp., and Losant IoT, among others.

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