IoT in Construction Market Regional Overview, Business Status And Opportunities Assessment

IoT in Construction Market is expected to reach USD 24.74 Bn by 2029, at a CAGR of 13.7%.

IoT in Construction Market Report Scope and Research Methodology

This report offers a comprehensive analysis of the IoT in Construction market, examining it from both demand and supply perspectives. The study delves into market segments, exploring trends related to technology, investment, and the competitive landscape. The research methodology incorporates robust data analysis, industry insights, and expert opinions to provide a comprehensive overview of the IoT in Construction market.

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What are IoT in Construction Market Dynamics?

Market Drivers:

The IoT in Construction market is poised for growth, driven by the imperative need for enhanced safety and efficiency in construction operations. IoT technologies, such as sensors, RFID tags, building information modeling, virtual reality, and other smart solutions, play a crucial role in identifying potential hazards, reducing resource consumption, preventing accidents, and saving time and costs.

Market Dynamics:

The construction industry faces inherent risks, including trench collapses, falls, scaffold mishaps, and more. The adoption of smart wearables like smart glasses, wearable cameras, protective vests, smart helmets, and other IoT devices enables real-time safety monitoring at construction sites. Additionally, rapid technological advancements, upcoming construction projects, and the Industry 4.0 movement contribute to the growing demand for digital construction, positively impacting the market.

IoT in Construction Market Segmentation?

Software Segment: This segment is expected to experience rapid growth with a higher CAGR due to increased investments in software development, enabling a wide range of parameter representation. Enhanced analytics adoption for informed decision-making will further boost demand in this segment.

Remote Operations Segment: IoT's utilization in remote operations, facilitating data transmission from connected equipment, is anticipated to drive growth with a CAGR. This application reduces outages, supports wearable computing, and enhances operations in hazardous environments.

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Who are IoT in Construction Market Key Players?

1. Caterpillar Inc.
2. Sigfox
3. Oracle
4. CalAmp Corp
5. Losant IoT
6. Giatec Scientific, Inc.
7. WorldSensing
8. Kore Wireless
9. Trimble Inc.
10. Autodesk Inc
11. Triax technologies
12. Trimble, Inc.
13. Pillar Technologies Inc.
14. AOMS Technologies
15. Topcon Corporation
16. Hilti Corporation

Table of content for the IoT in Construction Market includes:

Part 01: Executive Summary

Part 02: Scope of the IoT in Construction Market Report

Part 03: Global IoT in Construction Market Landscape

Part 04: Global IoT in Construction Market Sizing

Part 05: Global IoT in Construction Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America Dominance: In 2022, North America led the IoT in Construction market, holding a substantial market share. The region includes the United States and Canada and is characterized by numerous construction Original Equipment Manufacturers (OEMs) adopting IoT solutions in their projects. Leading IoT construction companies such as Oracle Corporation, Caterpillar Inc., and CalAmp Corp. are headquartered in the region. Increased infrastructure and building project investments are propelling IoT adoption in North American construction.

Global Market Outlook: The market for IoT-enabled industrial machinery and construction equipment is projected to show steady growth, reaching a value exceeding 1.3 trillion Japanese yen by 2024, following an estimated worth of about 900 billion Japanese yen in 2022.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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