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The trends market research report provides a detailed market segmentation analysis of the IoT in Construction market by products (Hardware, Software, Services), by applications (Safety, MRO, Remote operations, Fleet management) and by region (Americas, EMEA, APAC). This market research report identifies many companies which includes Cisco, Caterpillar, Sigfox, Wipro, DroneDeploy, DAQRI, among others in IoT in the construction market.
Overview of IoT in the Construction Market
Trends Market Research’s report predicts, the global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017–2024.
There are several industries where IoT can be of great influence and construction industry is one among them. Some of the major areas where IoT could be deployed in construction industry are remote support and operation, equipment servicing, fleet management, fuel savings, and for BIM (building information modeling). With the implementation of IoT systems, the construction companies can save time and cost.
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Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors. As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering. By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.
Competitive Analysis and Key Vendors
Construction industry is one of the industries where IoT and digitalization are facing sluggish growth. However, features including data storage, remote access, and office-field data exchange are not new to the construction industry. The industry is gaining attention among major IoT solution providers and is expected to witness increasing investments in IoT during the forecast period.
The report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.
In the vendor profile section, for companies that are privately held, the financial information and revenue of segments will be limited.
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The key players offering IoT solutions in construction industry globally include:
Cisco
Caterpillar
Sigfox
Wipro
DroneDeploy
DAQRI
Construction Robotics
Atlas RFID Solutions
Pillar Technologies
Losant
Trimble Group
Americas is the largest contributor within the global IoT market in construction industry. The extent of adoption of IoT enabled devices is high in US and Canada. In Americas, the growth of IoT in construction sector is mainly attributed to the increasing use of IoT in modular construction and prefabricated building. Modular construction helps the construction companies to build smarter and greener buildings quickly. Companies can construct new buildings in half the time required as well as result in less wastage of resources compared to traditional methods.
The IoT in Construction Industry is categorized based on three Segments – Products, Applications, and Regions.
IoT in Construction Industry Market by Products
Hardware
Software
Services
IoT in Construction Industry Market by Applications
Safety
MRO
Remote operations
Fleet management
IoT in Construction Industry Market by Regions
Americas (Americas include North America and Latin America)
EMEA (EMEA includes Europe, Middle East and Africa)
APAC (APAC include East Asia, South Asia, Southeast Asia, and Oceania)
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The aim of this report is to define, describe, and forecast the IoT in construction market on the basis of segments, which include products, applications, and regions. In addition, it helps venture capitalists in understanding the companies better and make well-informed decisions. It is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.
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The utilization of smart technologies such as sensors, RFID tags, building information modeling, and augmented reality further catalyze the growth of the IoT in construction market. North America: Leading the ChargeIn 2020, North America dominated the market, driven by the high adoption of IoT in the construction industry. Original equipment manufacturers (OEMs) have embraced IoT, and major market players have set up shop in the region, further fueling market growth. In conclusion, IoT is revolutionizing the construction industry, creating a future where efficiency, safety, and productivity are redefined. Key players, market dynamics, and innovative trends are driving this transformation, paving the way for a smart and efficient construction sector.
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The market research report provides a detailed market segmentation analysis of the IoT in Construction market by products (Hardware, Software, Services), by applications (Safety, MRO, Remote operations, Fleet management) and by region (Americas, EMEA, APAC).
This market research report identifies many companies which includes Cisco, Caterpillar, Sigfox, Wipro, DroneDeploy, DAQRI, among others in IoT in the construction market.Get More Information at Professional@ https://www.trendsmarketresearch.com/report/sample/9784 Overview of IoT in the Construction MarketInfoholic Research’s report predicts, the global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017–2024.There are several industries where IoT can be of great influence and construction industry is one among them.
With the implementation of IoT systems, the construction companies can save time and cost.Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors.
As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering.
By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.Competitive Analysis and Key VendorsConstruction industry is one of the industries where IoT and digitalization are facing sluggish growth.
However, features including data storage, remote access, and office-field data exchange are not new to the construction industry.
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According to the new market research report "IoT in Construction Market by Offering (Hardware, Software, Services), Project Type (Commercial, Residential), Application (Remote Operations, Safety Management, Fleet Management, Predictive Maintenance, Others), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the IoT in Construction Market is projected to grow from USD 7. id=214544022Browse in-depth TOC on "IoT in Construction Market"65 – Tables36 – Figures113 – PagesView Detailed Table of Content Here:https://www. htmlThe growth of the IoT in construction market is primarily triggered by the growing need to avoid project delays through better productivity and safety. id=214544022About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. comContent Source: https://www.
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Internet of Things (IoT) in construction refers to the management of construction processes using modern information & communication technologies to increase productivity. The market size of IoT in construction is projected to reach USD 16. The key players operating in the IoT in construction market offer various solutions to the construction industry and are focused on adopting both inorganic and organic growth strategies to strengthen their market positions. To know about the assumptions considered for the study download the pdf brochureThe major players operating in the IoT in construction market include Caterpillar Inc. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.
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Regional AnalysisEach regional IOT in Construction market sector is thoroughly investigated to determine its current and future growth prospects. (USA)Triax Technologies (UK)Caterpillar (USA)Sigfox (France)Key Questions answered in the IOT in Construction Market Report are:What is IOT in Construction Market? What is the growth rate of the IOT in Construction Market? Which region held the largest market share in the IOT in Construction Market? What factors are affecting the IOT in Construction market growth?
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Sizing and ForecastThe IoT in construction market size has grown rapidly in recent years. The IoT in construction market size is expected to see rapid growth in the next few years. Asia-Pacific is expected to be the fastest-growing region in the global IoT in construction market report during the forecast period. The regions covered in the IoT in construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, AfricaIntrigued to explore the contents? Key Industry PlayersMajor companies operating in the IoT in construction market report are Trimble Inc.
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