Press release
Artificial Intelligence (AI) in construction market to Grow at a CAGR of +33%: Know Top Vendors likes IBM (US), Microsoft (US), Oracle (US), SAP (Germany), Alice Technologies (US), and eSUB (US)
Artificial intelligence in the construction market was valued at USD 325.7 million in 2017 and is expected to reach a value of US$ +1850.5 million for 2023 at a compound annual rate of +33% during the forecast period 2018-2023.
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Top Key Vendors:
This report focuses on the global top players, covered IBM (US), Microsoft (US), Oracle (US), SAP (Germany), Alice Technologies (US), eSUB (US), Smartvid.io(US), Aurora Computer Services(England), Autodesk (US), and Building System Planning (US).
The adoption of drones, robots and autonomous vehicles in the construction sector also supports the growth of AI in the construction market. Companies are adopting these technologies for cartography, aerial imagery, construction site surveying and to automate construction operations. This is developing innumerable opportunities for the growth of artificial intelligence technology in the construction sector. However, the unstructured construction environment and the lack of skilled labor are the main factors that hinder the growth of the market.
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Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
In this study, the years considered to estimate the size of Artificial Intelligence (AI) in construction market are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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Table of Content:
Artificial Intelligence (AI) in construction market Research Report
Chapter 1. Overview of Market
Chapter 2. Manufacturing Cost Structure Analysis
Chapter 3. Technical Data and Manufacturing Plant Analysis
Chapter 4. Overall Artificial Intelligence (AI) in construction market Overview
Chapter 5. Regional Market Analysis
Chapter 6. Artificial Intelligence (AI) in construction market Analysis by Type
Chapter 7. Market Analysis by Application
Chapter 8. Major Manufacturers Analysis
Chapter 9. Development Trend Analysis of Artificial Intelligence (AI) in construction market
Chapter 10. Market Analysis by Type
Chapter 11. Consumer Analysis
Chapter 12. Conclusion
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