IOT in Construction Market Overviews
IoT in Construction Market is expected to grow at a CAGR of 16 % between 2024 and 2030, rising from nearly USD 11.42 Bn. in 2023 to USD 32.29 Bn. in 2030.
The Global construction industry is a significant contributor to the global economy. As urbanization and population density have increased, the construction industry has become one of the most important contributors to global development. The IoT is rapidly transforming the construction industry’s operations. The IoT is an evolving concept of digital technology; it is gradually bringing advancements in the possibilities of smart construction across various application areas. IoT is rapidly enhancing the construction sector and providing a transition from traditional construction methods.
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IOT in Construction Market Scope and Methodology:
The report includes Porter’s Five Force Model, which aids in the design of market business strategies. The report assists in determining how many competitors exist, who they are, and how their product quality is in the IoT In Construction Market. The report also examines whether it is easy for a new player to gain a foothold in the IoT In Construction Market, whether they enter and exit the market on a regular basis, whether the market is dominated by a few players, Etc.
IOT in Construction Market Regional Insights
The North America is the most significant contributors to the global IoT market in the construction industry. In the United States and Canada, IoT-enabled devices are widely used. The increasing use of IoT in modular construction and the prefabricated building is primarily responsible for the growth of IoT in the construction sector in the Americas. Modular construction enables construction firms to build smarter and greener buildings more quickly. Companies can construct new buildings in half the time required, resulting in less resource waste when compared to traditional methods.
IOT in ConstructionMarket Segmentation
By Payment Mode, the credit/debit card segment accounted for the largest market share at 56.65% in 2021 and is projected to maintain its dominance throughout the forecast period. This growth is largely attributed to consumer preferences for contactless payments using credit and debit cards. Additionally, the increasing acceptance of these payment methods across all age groups in developing economies is expected to further drive the segment’s growth, as consumers seek safe and convenient transaction options.
IOT in Construction Market Key Players
AOMS Technologies (USA)
Topcon Corp (Japan)
Autodesk, Inc. (USA)
Oracle Corp. (USA)
Triax Technologies (UK)
Caterpillar (USA)
Sigfox (France)
Wipro (India)
Carnegie Technologies (USA)
DroneDeploy (USA)
DAQRI (USA)
Larsen & Toubro Ltd. (India)
Atlas RFID Solutions (USA)
Pillar Technologies (USA)
Losant (USA)
Trimble Group (USA)
Vinci (France)
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Key questions answered in the IOT in Construction Market are:
- What is IOT in Construction ?
- What was the IOT in Construction market size in 2023?
- What is the growth rate of the IOT in Construction Market?
- Which are the factors expected to drive the IOT in Construction market growth?
- What are the different segments of the IOT in Construction Market?
- What growth strategies are the players considering to increase their presence in IOT in Construction ?
- What are the upcoming industry applications and trends for the IOT in Construction Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the IOT in Construction Market?
- Who are the leading companies and what are their portfolios in IOT in Construction Market?
- What segments are covered in the IOT in Construction Market?
- Who are the key players in the IOT in Construction market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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