Press release
IoT in Construction Global Market Report 2025: Exploring Market Size, Key Players, Increasing Adoption, and Rising Trends
IoT in Construction Global Market Report 2025
What Is The Projected Market Size Of The Global IoT in construction Global Market Report 2025 And Its Growth Rate?
The IoT in construction market displays a significantly promising trend for upcoming years with:
• Growth from $13.59 billion in 2024 to $15.66 billion in 2025 (CAGR: 15.3%)
• Rapid expansion by 2029, achieving a market size of $28.86 billion with CAGR: 16.5%
• Factors such as adoption of building information modeling (BIM), safety measures enhancement, increase of smart buildings and infrastructure alongside cost reduction through automation contribute to the market's growth.
What Is Driving The Growth In The IoT in the Construction Global Market Report 2025?
The increased demand for construction and infrastructure activities primarily drives the growth of the IoT in the construction market. The detailed design, planning, and execution of various construction elements towards building a structure for a specific location are handled efficiently by the IoT mechanism in the construction industry devising sustainable plans for recycled materials usage along with zero waste formulas. Moreover, it assists in educating the labor force about the sustainable construction concept, leading to an increased demand for IoT in construction.
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Who Are the Key Players Driving IoT in construction Global Market Report 2025 Growth?
The IoT in construction market consists of chief players such as:
• Trimble Inc.
• Pillar Technologies Inc.
• Triax Technologies
• Brickeye LLC
• Hilti Aktiengesellschaft
• Topcon Corporation
• Autodesk Inc.
What Are The Key Trends In The IoT in construction Global Market Report 2025?
The notable trends in the IoT in construction market includes:
• Emergence of digital twins
• IoT-enabled safety solutions
• Asset tracking and management
• Predictive maintenance for equipment
• Data analytics for decision-making
What Are The Segments Of The Global IoT in Construction Global Market Report 2025?
The IoT in construction market report covers segments like:
1) By Type: Hardware, Software, Connectivity, Services
2) By Application: Machine Control, Site Monitoring, Fleet Management, Wearables, Other Applications
3) By End User: Residential, Non-Residential
Which Region Leads The IoT in Construction Global Market Report 2025?
North America was the most dominating region in the IoT in construction market in 2024, with Asia-Pacific expected to be the fastest-growing region during the forecast period.
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What Is Covered In The IoT in Construction Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the IoT in construction Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT in construction Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IoT in construction Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT in construction Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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