The latest research report by Emergen Research, named ‘Global Internet of Things (IoT) in Construction Market - Forecast to 2030 The coronavirus outbreak has led to drastic changes in the current Internet of Things (IoT) in Construction Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Internet of Things (IoT) in Construction Market growth assessed on both regional and global levels.
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.
The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Internet of Things (IoT) in Construction Market
Read full Reports of Internet of Things (IoT) in Construction Market @ https://www.emergenresearch.com/industry-report/internet-of-things-in-construction-market
Some Key Highlights from the Report
· Software segment accounted for largest revenue share in 2020. Rising investments by major players for development of software that helps in monitoring construction site, enables remote equipment control and people management, and to track exact location of personnel among workforce is expected to drive revenue growth of this segment.
· Remote operations segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising adoption of IoT-empowered remote equipment control to facilitate better efficiency and monitoring of construction progress in areas not accessible by human workforce or personnel is expected to further boost revenue growth of the remote operations segment.
· Commercial segment accounted for a significantly rapid revenue growth in the IoT in construction market in 2020. IoT technology is increasingly being adopted for the construction of commercial buildings to reduce energy consumption and enhance operational efficiency of these buildings.
· North America accounted for largest revenue share contribution to the global IoT in construction market in 2020. Increasing investment by major players for advancement of Internet-connected devices utilized in the construction industry is contributing to growing demand for IoT technology in the construction industry.
Some major players in the market include Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp.
Elucidating the competitive landscape of the Global Photolithography Equipment Market:
· The global Internet of Things (IoT) in Construction Market report offers viable insights into the competitive spectrum of the Internet of Things (IoT) in Construction Market business sphere.
· The report systematically profiles the company information of each market player.
· It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
· The study showcases the extensive product portfolios of the prominent market contenders.
Objectives of the Global Internet of Things (IoT) in Construction Market Study:
· An in-depth study of the evolving market sectors and the growth & penetration status of the global Internet of Things (IoT) in Construction Market .
· COVID-19 Impact Analysis to highlight the major opportunities and challenges
· Strategic recommendations to help readers formulate lucrative business strategies
· Identification of the emerging players and their tactical approaches to expand market presence
· An extensive study of the product portfolios of the major market players and their regional presence
· A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
The purpose of the global Internet of Things (IoT) in Construction Market research report is to provide substantial information about key segments and the competitive landscape of the Internet of Things (IoT) in Construction Market report. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Photolithography Equipment Market.
Segmentation by :
Emergen Research has segmented the global Internet of Things (IoT) in construction market on the basis of components, application, end-use, and region:
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 Outlook (Revenue, USD Million; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Radical Highlights from the Report:
· A comprehensive overview of the global Internet of Things (IoT) in Construction Market with detailed information about the factors influencing the growth of the market
· Profiling key players of the industry along with a thorough analysis of their market share and reach, global position, product portfolio, strategic expansion plans, and financial standings
· Forecast of the market in the key geographies where the market has already established its presence
· Analysis of the competitive landscape covering mergers and acquisitions, collaborations, product launches, partnerships, and others
· A comprehensive 8-year analysis to offer accurate forecasts about the market growth and expansion
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