AI in Construction Market Growing High for Next Decade Return | Microsoft, IBM, Oracle

The latest survey on AI in Construction Market is conducted to provide hidden gems performance analysis of AI in Construction to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in AI in Construction market has made companies uncertain about their future outlook as the disturbance in the value chain has made a serious economic slump. Some are the key & emerging players that are part of the coverage and profiled in the study are IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Alice Technologies (United States), eSUB (United States), Smartvid.io (United States), Aurora Computer Services(England), Autodesk (United States), Building System Planning (United States).

The AI in Construction market size is estimated to increase by USD 8.6 Billion at a CAGR of 34.1% by 2030. The report includes historic market data from 2024 to 2030. The Current market value is pegged at USD 5.6 Billion.

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AI in Construction Market Overview:
AI is being used to analyze design data and provide insights into how buildings can be constructed more efficiently. It can also help architects and engineers to generate designs that are optimized for specific purposes, such as energy efficiency or structural stability.

Market Trends:
The Growing Need for More Safety Measures at Construction Sites

Market Drivers:
Rising Demand for AI-based Platforms and Solutions and Adoption of Industry 4.0 and IIoT

Market Opportunities:
Increasing Construction Activities Due to Smart City Initiatives

Market Restraints:
Resistance to change is common in many industries, and the construction sector is no exception. Convincing stakeholders to adopt AI and change their traditional practices can be a major challenge.
AI can lead to job displacement, and there may be ethical concerns related to AI's impact on the labor force. Addressing these concerns and ensuring a fair transition to AI technologies is important.

Keywords Market Segmentation:
Global AI in Construction Market Breakdown by Application (Project management, Field management, Risk management, Schedule management, Supply chain management, Others) by Type (Heavy Construction, Institutional Commercials, Residential, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Important Features that are under offering & key highlights of the AI in Construction market report:
1. Why lots of Key players are not profiled in the Study?
--> The market study is surveyed by collecting data from various companies from AI in Construction industry, and the base for coverage is NAICS standards. However, the study is not limited to profiling only a few companies; connect with sales executives to get a customized list. The standard version of the research report is listed with players like IBM (United States), Microsoft (United States), Oracle (United States), SAP (Germany), Alice Technologies (United States), eSUB (United States), Smartvid.io (United States), Aurora Computer Services(England), Autodesk (United States), Building System Planning (United States)

2. Does the Scope of the Market Study allow further Segmentation?
---> Yes, for a deep dive analysis add-on segmentation is applicable in a premium customized version of the report to better derive market values. The standard version of this report covers segmentation by Application [Project management, Field management, Risk management, Schedule management, Supply chain management, Others], by Type [Heavy Construction, Institutional Commercials, Residential, Others], and by regions [In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered , The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa]

3. What level of granularity would the Country landscape cover?
---> In the premium version of the report, two-level of regional segmentations allow user to have access to a country-level break-up of market Size by revenue and volume*
* Wherever applicable

4. Does the Study also provide insights into macroeconomic factors?
---> Yes, the study also includes market factor analysis that includes macroeconomic factors, the inflationary cycle and its impact, and Russia-Ukraine war analysis and its effect on the value/supply chain.

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HTF MI provides customized studies specific to regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
• Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, Australia, etc.

Reasons to Buy:
• Stay tuned with the latest and AI in Construction market research findings
• Identify segments with hidden growth potential for investment in AI in Construction
• Benchmark performance against key competitors
• Utilize the relationships between key data sets for superior strategizing.
• Facilitate decision-making based on historic and forecast trends of AI in Construction market
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Gain a global perspective on the development of the AI in Construction market

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Thanks for reading Keywords research article; you can also get individual chapter-wise sections or region-wise report versions like LATAM, North America, MENA, Southeast Asia, Europe, APAC or Country Specific reports such as Japan, United Kingdom, United States or China, etc.

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