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IoT in Construction Market Set to Reach USD 28.91 Billion by 2030

IoT in Construction Market

IoT in Construction Market

๐ˆ๐จ๐“ ๐ข๐ง ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The Internet of Things (IoT) is revolutionizing the construction industry, driving enhanced efficiency, safety, and productivity across project sites worldwide. As of 2023, the global IoT in construction market is valued at approximately USD 10.64 billion and is projected to reach USD 28.91 billion by 2030, exhibiting a compound annual growth rate (CAGR) of over 15.35% during the forecast period.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The substantial growth in the IoT in construction market is attributed to several factors:

๐™€๐™ฃ๐™๐™–๐™ฃ๐™˜๐™š๐™™ ๐™Š๐™ฅ๐™š๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ก ๐™€๐™›๐™›๐™ž๐™˜๐™ž๐™š๐™ฃ๐™˜๐™ฎ: IoT technologies facilitate real-time monitoring and management of equipment, materials, and workforce, leading to reduced downtime and optimized resource utilization.

๐™„๐™ข๐™ฅ๐™ง๐™ค๐™ซ๐™š๐™™ ๐™Ž๐™–๐™›๐™š๐™ฉ๐™ฎ ๐™ˆ๐™š๐™–๐™จ๐™ช๐™ง๐™š๐™จ: The integration of IoT devices, such as wearables and environmental sensors, enhances worker safety by providing real-time alerts about hazardous conditions, thereby reducing the risk of accidents.

๐™‹๐™ง๐™š๐™™๐™ž๐™˜๐™ฉ๐™ž๐™ซ๐™š ๐™ˆ๐™–๐™ž๐™ฃ๐™ฉ๐™š๐™ฃ๐™–๐™ฃ๐™˜๐™š: IoT-enabled predictive maintenance allows for the early detection of equipment issues, preventing costly downtime and extending machinery lifespan.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž: https://www.maximizemarketresearch.com/request-sample/100864/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The adoption of IoT in construction varies across regions, with notable developments in several countries:

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž

Vietnam's construction sector is witnessing increased interest from foreign investors, particularly from Japan, South Korea, and Singapore. The growing M&A activities in the country are contributing to the integration of advanced technologies, including IoT, to enhance construction processes.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Thailand is experiencing rapid urbanization, leading to a surge in construction projects. The government's focus on smart city initiatives is propelling the adoption of IoT solutions to improve infrastructure development and project management.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan's advanced technological landscape supports the widespread adoption of IoT in construction. Companies are leveraging IoT to enhance precision in project execution and to implement robotics and automation on construction sites.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea is witnessing consolidation in its construction industry, with major firms integrating IoT solutions to streamline operations and enhance competitiveness. The focus is on utilizing IoT for real-time monitoring and efficient resource management.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ผ๐’‘๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

Singapore's commitment to becoming a smart nation includes significant investments in IoT technologies within the construction sector. The emphasis is on sustainable building practices and efficient project management through IoT integration.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”

The U.S. construction industry is increasingly adopting IoT solutions to address challenges such as labor shortages and rising material costs. Innovations include the use of wearables, telematics, and sensing technology to promote sustainable growth and operational efficiency.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ช๐’‰๐’Š๐’๐’‚

China's rapid infrastructure development is accompanied by the integration of IoT technologies to enhance project management and safety. The focus is on large-scale implementation of IoT solutions to support the country's expansive construction activities.

๐‘ฐ๐’๐‘ป ๐’Š๐’ ๐‘ช๐’๐’๐’”๐’•๐’“๐’–๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†

European countries are leading in the adoption of IoT solutions in construction, driven by stringent regulations promoting innovation and sustainability. Investments in smart building technologies are enhancing energy efficiency and safety across the region.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐€๐ฎ๐ญ๐จ๐๐ž๐ฌ๐ค'๐ฌ ๐…๐š๐œ๐ข๐ฅ๐ข๐ญ๐ฒ ๐Œ๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐  ๐๐ž๐ญ๐š ๐Ÿ๐จ๐ซ ๐“๐š๐ง๐๐ž๐ฆ: In March 2023, ๐€๐ฎ๐ญ๐จ๐๐ž๐ฌ๐ค introduced Facility Monitoring Beta for Tandem, a digital twin application designed to provide deep insights into building performance, enabling remote analysis and enhanced project oversight.

๐“๐ซ๐ข๐ฆ๐›๐ฅ๐ž'๐ฌ ๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฐ๐ข๐ญ๐ก ๐Š๐ฒ๐ข๐ฏ๐ฌ๐ญ๐š๐ซ: In September 2023, ๐“๐ซ๐ข๐ฆ๐›๐ฅ๐žpartnered with Kyivstar to provide GNSS correction services aimed at enhancing construction operations through improved accuracy in equipment positioning.

๐‚๐š๐ญ๐ž๐ซ๐ฉ๐ข๐ฅ๐ฅ๐š๐ซ'๐ฌ ๐‚๐š๐ญ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ ๐๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ: In November 2022, ๐‚๐š๐ญ๐ž๐ซ๐ฉ๐ข๐ฅ๐ฅ๐š๐ซ launched the Cat Productivity platform, a cloud-based system developed to collect and analyze machine data, aiming to boost machine productivity and performance.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/100864/

๐ˆ๐จ๐“ ๐ข๐ง ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐’ƒ๐’š ๐‘ท๐’“๐’๐’…๐’–๐’„๐’•

Hardware
Software
Services
Others

๐’ƒ๐’š ๐‘จ๐’‘๐’‘๐’๐’Š๐’„๐’‚๐’•๐’Š๐’๐’

Safety
Asset Monitoring
Predictive Maintenance
Wearable's
Remote Operations
Fleet Management
Others

๐’ƒ๐’š ๐‘ฌ๐’๐’… ๐‘ผ๐’”๐’†๐’“

Residential
Non-Residential
Government and Public Infrastructure
Educational Institutions

The Government and Public Infrastructure sector accounted for 20% of the IoT in Construction market by end users. The Internet of Things (IoT) has the ability to fundamentally alter governance by transforming how public institutions and governments function. Through data-driven insights, IoT devices collect real-time data on a range of governance-related topics, including air quality, energy usage, and traffic flow, facilitating better decision-making. The city has put in place an Advanced Traffic Management System that optimises traffic signal timings, eases congestion, and enhances overall traffic flow by using real-time data from cameras and sensors. The SFpark program assists drivers in locating open parking spots by using sensors and real-time data. By reducing the amount of time spent looking for parking, it lowers fuel use and traffic congestion.

๐“๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ ๐จ ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/100864/

๐ˆ๐จ๐“ ๐ข๐ง ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Bosch - Germany
2. Caterpillar - United States
3. Trimble - United States
4. Procore Technologies - United States
5. Autodesk - United States
6. Oracle - United States
7. Siemens - Germany
8. Hilti - Liechtenstein
9. IBM - United States
10. Johnson Controls - Ireland
11. Schneider Electric - France
12. Honeywell - United States
13. Dell Technologies - United States
14. Microsoft - United States
15. DeWalt (Stanley Black & Decker) - United States
16. Hewlett Packard Enterprise (HPE) - United States
17. Cisco Systems - United States
18. Emerson Electric Co. - United States
19. Fluke Corporation - United States
20. Hitachi - Japan

๐…๐ข๐ง๐ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐๐ฎ๐ณ๐ณ:

Power MOSFET Market https://www.maximizemarketresearch.com/market-report/global-power-mosfet-market/35689/

Pedestrian Bridge Market https://www.maximizemarketresearch.com/market-report/pedestrian-bridge-market/194746/

Global High-efficiency Particulate Air (HEPA) Filters Market https://www.maximizemarketresearch.com/market-report/global-high-efficiency-particulate-air-hepa-filters-market/107411/

Global Automated Waste Collection System (AWCS) Market https://www.maximizemarketresearch.com/market-report/global-automated-waste-collection-system-awcs-market/88188/

Global Composite Bearings Market https://www.maximizemarketresearch.com/market-report/global-composite-bearings-market/22805/

Rubber Internal Mixer Market https://www.maximizemarketresearch.com/market-report/global-rubber-internal-mixer-market/106529/

Global Corrugated Box Making Machine Market https://www.maximizemarketresearch.com/market-report/global-corrugated-box-making-machine-market/117132/

Electric Construction Equipment Market https://www.maximizemarketresearch.com/market-report/electric-construction-equipment-market/160566/

Global Homogenizers Market https://www.maximizemarketresearch.com/market-report/global-homogenizers-market/29255/

Global Aerospace Fasteners Market https://www.maximizemarketresearch.com/market-report/global-aerospace-fasteners-market/96972/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

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More Releases for IoT

IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT โ€ฆ
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. IoT Insurance Market Size Growth Forecast: What to Expect by 2025? The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)โ€ฆ
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl โ€ฆ
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-โ€ฆ
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, โ€ฆ
Market Overview - The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, orโ€ฆ
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, โ€ฆ
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiledโ€ฆ
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report "ย offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different productย Scope, Characterizations, Classifications, Objectives, and Participantsย in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom ย - ย for complete manufactures list, pleaseโ€ฆ
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo โ€ฆ
Research N Report has released a new report on the โ€œglobal Blockchain in IOT Marketโ€. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internetโ€ฆ