Internet of Things (IoT) in Construction Market Share, Future Demand, Top Leading player, Emerging Trends, Forecast 2028
Emergen Research Logo
Increasing adoption of Internet-connected devices in the construction industry and rising need to ensure safety of workforce and enhance productivity
VANCOUVER, BC, CANADA, April 1, 2022 /EINPresswire.com/ -- The global Internet of Things (IoT) in construction market size is expected to reach USD 26.79 Billion in 2028 and register a robust revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth rate can be attributed to increasing adoption of Internet-connected device in the construction industry to address common workplace concerns. The construction industry is increasingly deploying IoT technology in order to overcome flat productivity, more schedule overruns, decreased margins, and increasing competition in the industry. Advancements within the fields of sensors technology, embedded code, property tools, and machinery related to IoT in construction industry offers preventive maintenance along with more advanced benefits and operational features.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/714
Predictive maintenance technologies are increasingly being adopted in the construction industry to track the state or status of heavy equipment and monitor fuel consumption of a machines and vehicles in order to gain clear insights regarding overall performance and efficiency. These factors are driving steady demand for IoT technology in the construction industry. Rising need to ensure improved safety of workforce and personnel and to enhance productivity is also resulting in increasing adoption of wearables in the construction industry.
The report also discusses key players involved in the market, such as Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Global Internet of Things (IoT) in Construction Market Research Report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
Key Highlights from the Report
In June 2020, Caterpillar Inc. announced the acquisition of selected assets and hired employees from Marble Robot, Inc., which is a San Francisco, California-based company dealing in robot and autonomy technology solutions. The acquisition is part of the automation and automation strategy of the company. With the help of the acquisition, the company can leverage the deep expertise of the new team and bring scalable solutions to meet the changing needs across the construction industry.
Software segment accounted for largest revenue share in 2020. Rising investments by major players for development of software that helps in monitoring construction site, enables remote equipment control and people management, and to track exact location of personnel among workforce is expected to drive revenue growth of this segment.
Remote operations segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising adoption of IoT-empowered remote equipment control to facilitate better efficiency and monitoring of construction progress in areas not accessible by human workforce or personnel is expected to further boost revenue growth of the remote operations segment.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/714
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global Internet of Things (IoT) in construction market on the basis of components, application, end-use, and region:
Components Outlook (Revenue, USD Billion; 2018–2028)
Software
Hardware
Services
Application Outlook (Revenue, USD Billion; 2018–2028)
Fleet Management
Predictive Management
Safety Management
Remote operations
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Residential
Commercial
To know more about the report @ https://www.emergenresearch.com/industry-report/internet-of-things-in-construction-market
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/714
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Ambulatory Device Market https://www.einpresswire.com/article/566058858/ambulatory-device-market-share-top-key-players-growth-trend-and-forecast-till-2027
Connected Agriculture Market https://www.einpresswire.com/article/566058710/connected-agriculture-market-to-flourish-with-an-impressive-cagr-during-2021-2028
Managed DNS Service Market https://www.einpresswire.com/article/566058424/managed-dns-service-market-projected-to-gain-significant-value-by-2028
Video Content Analytics Market https://www.einpresswire.com/article/566058219/video-content-analytics-market-professional-survey-and-in-depth-analysis-research-report-foresight-to-2028
Human Microbiome Therapeutics Market https://www.einpresswire.com/article/566058217/human-microbiome-therapeutics-market-overview-highlighting-major-drivers-trends-growth-and-demand-report-2020-2027
Signal Conditioning Modules Market https://www.einpresswire.com/article/566057983/signal-conditioning-modules-market-projected-to-witness-vigorous-expansion-by-2028
Electronic Skin Patches Market https://www.einpresswire.com/article/566057866/electronic-skin-patches-market-share-growth-analysis-trend-and-forecast-research-report-by-2027
Breach and Attack Simulation Solutions Market https://www.einpresswire.com/article/566057705/breach-and-attack-simulation-solutions-market-size-and-forecast-by-2021-2028-attack-iq-cycognito-dxc-technology
Medical Cannabis Market https://www.einpresswire.com/article/566057687/medical-cannabis-market-overview-merger-and-acquisitions-drivers-restraints-and-industry-forecast-by-2028
Pet Camera Market https://www.einpresswire.com/article/566057452/pet-camera-market-research-global-size-growth-trends-outlook-insights-and-future-scope-analysis-forecast
legal Online Dispute Resolution (ODR) Market https://www.einpresswire.com/article/566057020/legal-online-dispute-resolution-odr-market-2021-2028-by-top-key-players-picture-it-settled-llc-cybersettle-inc
Video Doorbell Market https://www.einpresswire.com/article/566056311/video-doorbell-market-booming-demand-leading-to-exponential-cagr-growth-by-2028
Cancer Tumor Profiling Market https://www.einpresswire.com/article/566052581/cancer-tumor-profiling-market-regional-trend-future-growth-leading-players-updates-industry-demand-report-2027
Clinical Biomarkers Market https://www.einpresswire.com/article/566052164/clinical-biomarkers-market-driving-factors-by-manufacturers-growth-opportunities-trends-and-application-report-2027
Direct-to-Consumer Genetic Testing Market https://www.einpresswire.com/article/566052084/direct-to-consumer-genetic-testing-market-driving-factors-by-manufacturers-growth-region-type-and-trends-report-2027
Orthopedics Devices Market https://www.einpresswire.com/article/566051872/orthopedics-devices-marketrecent-demand-growth-analysis-insights-share-and-forecasts-report-2027
Molecular Diagnostics Point of Care Market https://www.einpresswire.com/article/566051800/molecular-diagnostics-point-of-care-market-recent-demand-growth-analysis-insights-share-and-forecasts-report-2027
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-internet-of-things-in-construction-market
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
