Emergen Research has recently published a detailed report on the global Internet of Things in Construction market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Internet of Things in Construction market through verified and validated data curated to offer accurate insights.

It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Internet of Things in Construction market.

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 report is updated with the impact of the COVID-19 pandemic on the Internet of Things in Construction market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Internet of Things in Construction market has been positive or negative.

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The report further divides the Internet of Things in Construction market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Internet of Things in Construction market.

Internet of Things in Construction Market 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    
Segment33

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The report also studies the key companies of the Internet of Things in Construction market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:

Key companies operating in the Internet of Things in Construction market include:

Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp

The Global Internet of Things in Construction Report is a panoramic study of the overall Internet of Things in Construction market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Internet of Things in Construction market. The report provides a detailed analysis of the key factors of the Internet of Things in Construction market that are expected to have a positive impact on the growth of the Internet of Things in Construction industry.

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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)

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

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Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report, and our team will ensure you get the report tailored according to your needs.

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Internet of Things in Construction Market: A Look at the Industry's Growth and Future Prospects