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Global Artificial Intelligence in Construction Market Is Estimated to Grow at a CAGR of +38% by 2025 Top Companies Covered Like - IBM, Microsoft, Oracle, SAP, Alice Technologies, Autodesk, Coins Global, Plangrid, Bentley Systems

04-23-2019 02:49 PM CET | IT, New Media & Software

Press release from: Research Reports Inc.

Artificial Intelligence in Construction Market

Artificial Intelligence in Construction Market

This report provides information about industry trends, demand, top companies, countries, materials and applications.

Artificial intelligence serves as a useful tool for each phase of the construction project. The main key benefits of artificial intelligence are: By using Construction Language Analysis, tools such as the BIM 360 software from Autodesk, the algorithms are able to understand complex data and predict potential problems, by using artificial intelligence technology in the industry. the construction and scanning software. the movement of the body of the masons to analyze their shape in order to reduce the amount of injuries on the site and the artificial intelligence in the construction can be used to measure the parameters of a project that are then entered into a computer that comprises the data and the requirements of its physical location.

The global artificial intelligence in construction was valued at USD 312 million in 2017 and is expected to reach USD 3,161 million by 2025, with a CAGR of 38.14% between 2018 and 2025. The main driver of global artificial intelligence in the Construction market is the growing demand In end-user industries, technological advances have encouraged organizations, especially the construction and engineering sector, and the increase of digital data. In addition, a rapid increase in the growth of digital data has been observed due to the increasing adoption of building information systems (BIM), safety sensors, drones and machine telematics. This encourages construction companies to adopt advanced analytical solutions to take full advantage of the enormous amount of digital data and extract actionable information.

The main limiting factor for global artificial intelligence in the construction market is the unstructured construction environment and the lack of skilled labor. In addition, the adoption of drones, robots and autonomous vehicles in the construction sector also supports the growth of artificial intelligence in the construction market. Artificial intelligence in construction management is the core of artificial intelligence. With the data collected in various cycles of the construction project in many different projects in construction companies, this provides valuable learning information for artificial intelligence applications.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

The regional analysis of Global Artificial Intelligence in Construction Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North-America has accounted the dominant share in the global Artificial Intelligence in Construction market due to high investments by construction companies. Additionally, Asia Pacific is also expected to register a considerable growth rate in the market over the forecasted period 2018-2025. China, Japan, South Korea, and India are the leading countries in this region. The market growth is due to increase in demand by the economies to develop smart city projects which require better amenities that boost the real estate sector.

The leading market player are:
• IBM
• Microsoft
• Oracle
• SAP
• Alice Technologies
• Aurora Computer Services
• Autodesk
• Coins Global
• Beyond Limits
• Plangrid
• Renoworks Software
• Bentley Systems

By Application:

§ Project Management
§ Field Management
§ Risk Management
§ Schedule Management
§ Supply-Chain Management
§ Others

By Industry:

§ Residential
§ Institutional Commercial
§ Heavy construction
§ Others

By Component:

§ Solutions
§ Services

By Stage of Construction:

§ Pre-Construction
§ Construction Stage
§ Post-Construction

By Technology:

§ Machine Learning & Deep Learning
§ Natural Language Processing

By Deployment:

§ Cloud
§ On-Premises

Get Discount On This Report at https://www.researchreportsinc.com/check-discount?id=238073

By Regions: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries & Others.

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Artificial Intelligence in Construction Market in Market Study:

§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers
§ Investors

We understand your need for personalization and love to cater to your custom requirements so feel free to contact us for report customizations.

Buy This Report Now at https://researchreportsinc.com/checkout/?add-to-cart=238073&&attribute_pa_choose-license=single-user&&quantity=1

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

About Research Reports Inc. :
Research Reports Inc. offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries around the globe. Research Reports Inc. understands how imperative numerical surveying knowledge is for your management. Therefore, we have associated with the leading publishers and research firms all specially designed in specific domains, ensuring you will receive the most devoted data available.

Contact Us :
David Jones [Sales Manager] – Research Reports Inc.
Phone: US +1-855-419-2424 | Direct: +440330807757
sales@researchreportsinc.com
www.researchreportsinc.com

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