Internet Of Things (Iot) In Construction Market Size, Analysis, Share, Research, Business Growth And Forecast To 2029 | Autodesk Inc, Oracle Corporation, Calamp

Market Overview:
The Global Internet of Things (IoT) in Construction Market Is Expected To Grow At A Significant Growth Rate, And The Analysis Period Is 2022-2028, Considering The Base Year As 2021.

Internet of Things (IoT) in Construction refers to the implementation of IoT solutions in various activities involved in the Construction Industry, at a very primary level, the application of IoT in Construction can be explained as, providing a location where equipment, material, and staff are connected to a central server that further regulates and monitors their activities in real-time and remote mode. Presently, many different devices are used for many different applications in the construction industry. The industry is growing to accommodate evolving changes in the world

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@
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Market Dynamics
Driver:
IoT has several fantastic benefits for the building sector. In sectors like healthcare, manufacturing, automotive, and others where systems management and automation are vital, the technology has already shown its value. IoT has the ability to enhance security and boost output on construction sites thanks to its many applications. Device and system connectivity synchronize them to a central server for easier monitoring. This makes project managers aware of every facet of a project and enables them to carry out their duties effectively. Additionally, they gain firsthand knowledge of problems, which enables them to resolve them swiftly. IoT aids in lowering downtime and avoiding equipment failure.

Opportunities:
Growing IoT Focus in APAC
The governments of India, China, Malaysia, and other Asian nations are lavishing funds on building infrastructure and creating smart cities around the area. By 2025, it is anticipated that the APAC infrastructure industry would account for almost 60% of the worldwide market, positively impacting the IoT in construction market. China, Hong Kong, Singapore, and other governments in Asia are enacting strict legislation to prevent accidents at construction sites. Those who disregard these safety regulations and endanger the lives of the workers are subject to strict regulations. These laws are anticipated to open up expansion prospects for the APAC market in the near future because IoT delivers excellent safety characteristics in the building industry.

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Market Segmentation
By Solution
• Hardware
• Software
• Services

By Application
• Remote Operations
• Machine Control
• Safety Management
• Predictive Maintenance
• Fleet Management
• Others

By Project Type
• Residential
• Non-residential

Regional Analysis Of Internet of Things (IoT) in Construction Market
North America holds the dominating position in Internet of Things (IoT) in Construction Market and the region is estimated to grow with a significant CAGR because of the presence of numerous corporations, including Autodesk, Inc., CalAmp Crop, Oracle Corporation and many others are headquartered in the United States and Canada also these giant market players are opulent and are constantly transforming the tech industry The quick acceptance of new and revolutionary technology in American and Canadian market has always been a reason behind the success of market players which is also the reason making North America the second-largest IoT consumer in the construction industry. Moreover, Emerging technologies and higher income of people encourage North America Market players to utilize IoT-connected products. All of these factors are ultimately leading to the prosperity of the market for Internet of Things (IoT) technology in North America and also of IoT solutions used in the construction industry.

Along with North America, Asia Pacific region with countries like China, Singapore, India, Thailand etc. as some of the major high-tech hubs will remain the region with the highest CAGR during the forecast period. Rapidly rising per capita income and the widespread adoption of new technology are contributing to the development of the construction industry in APAC.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@
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Top Key Players Covered In Global Internet of Things (IoT) in Construction Market
• Autodesk Inc(US)
• Losant IoT (US)
• HMS Networks (Sweden)
• Pillar Technologies Inc. (US)
• Oracle Corporation (US)
• Sigfox (France)
• Hexagon AB (Sweden)
• CalAmp (US)
• Topcon Corporation (Japan)
• WorldSensing (Spain)
• Hilti Corp (Liechtenstein)
• Buildings IOT (US)
• Trimble Inc. (US)
• Arkance Systems (France)
• Brickeye (Canada)
• Kore Wireless (US) and Other Major Players.

Key Industry Developments in the Global Internet of Things (IoT) in Construction Market
In May 2022, US-based Buildings IOT launched its UK operations to serve the unique needs of building stakeholders in Europe and to support the UK Government to reach its goals to decarbonize buildings and help advance Net-Zero initiatives. Buildings IOT will market its IOT Jetstream smart building platform for building owners, managers, investors, contractors, and systems integrators in the UK and across Europe.

In October 2021, Siemens Smart Infrastructure completed the acquisition of France-based Wattsense, a hardware and software company to boost IoT systems for small and medium buildings. Wattsense offers an innovative, plug-and-play IoT management system for small and mid-size buildings and also optimizes the technical management of small and mid-size buildings with a leading IoT solution that combines simplicity and interoperability, which will help in expanding Siemens' building products portfolio.

The Study Explore COVID 19 Outbreak Impact Analysis
1. What should be entry strategies, counter measures to economic impact, and marketing channels?
2. What are market dynamics?
3. What are challenges and opportunities?
4. What is economic impact on market?
5. What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?

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