The report highlights the competitive scenario with drivers impact and challenges in 2028

The research report provides the reader with an in-depth explanation of Internet of things in the construction market dynamicsincluding critical drivers, opportunities, threats, and challenges. The report also depicts the key business strategies, demand-supply ratios, key regions, and popular market players, in brief, providing an outlook for the overall Internet of Things within the construction industry.

The global construction market for Internet of Things (IoT) has reached USD 8.52 billion in 2020 and is expected to register a compound annual growth rate of 15.5% during the forecast period. The market revenue growth is primarily driven by the increasing adoption of internet-connected devices in Construction industry to support the safety, sustainability and efficiency of construction workers. The emergence of technologies like 5G has caused the rapid spread of IoT technology in the construction industry as it is advancing tremendously with the emergence and introduction of 5G technology. The combination of high-speed connectivity and the Internet of Things is expected to help reduce latency and build higher bandwidth, which is expected to support the growth of the global construction industry. The growing need to ensure workforce safety and improve productivity is reflected in the increasing reliance on wearable devices in the construction industry, such as smart watchesAugmented reality glasses and smart headphones. Mobile GPS devices help facility managers monitor and protect their employees from any accidents or fatalities such as failure of protective equipment, electric shock, falls from heights, injuries due to repetitive motions and trench collapse. Wearable devices have the ability to provide an automatic workforce statistic indicating each worker’s work location and also send real-time security alerts across the entire site. The construction industry is increasingly relying on IoT-based automation to avoid project delays due to labor shortages, which is driving the growth of the global Internet of Things (IoT) in the construction industry.

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Market Intelligence Report is a prototype of the global 360-degree overview of the global Internet of Things in the construction industry, highlighting the estimated market value, share, growth trends, total revenue, competitive overview, top manufacturers and buyers, available product types and end use applications.

Competitive scene:

The latest study provides an insightful analysis of the vast competitive landscape of the Internet of Things in the global construction market, focusing on the market-leading competitors and company profiles. A wide range of strategic initiatives, such as new business deals, mergers and acquisitions, collaborations, joint ventures, technology upgrades, and recent product launches, undertaken by these companies are discussed in the report. The report analyzes various elements of the competitive scenario of the market such as the regulatory standards and policies applied in the industry over the past few years. Our team of experts has leveraged several powerful analytical tools such as Porter’s Five Forces analysis and SWOT analysis to provide a comprehensive overview of the Internet of Things in global construction and identify key growth trends.

The major companies covered in the report are:

Caterpillar Inc. and Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc. and Losant IoT, Sigfox, and CalAmp

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The report assesses the profound changes in this business environment brought about by the outbreak of COVID-19 and examines the key aspects of the market that have been severely disrupted by the pandemic. Le rapport expose ainsi le scénario de marché en évolution rapide en cette ère de COVID-19, qui vise à aider les entreprises impliquées dans ce secteur à surmonter les effets de préhension de la pandémie et à formuler de nouvelle cronce pour effelles from the market.

The sectors covered in this report are:

  • Components forecast (revenue, billion USD; 2018-2028)

    • software
    • Materials
    • Services
  • Application Insights

    • Fleet management
    • Predictive management of
    • Security
    • remote operations
    • Aharon
  • End use forecast (revenue, billion USD; 2018-2028)

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Global Internet of Things Construction Market Highlights:

  • Estimating and forecasting regional demand
  • production line matrix
  • Research and development analysis
  • Costs and benefits
  • Price fluctuations before commodities
  • Supply Chain Optimization Analysis
  • Technology Updates
  • Raw material sourcing strategy
  • competitive analysis
  • Mergers and Acquisitions
  • Site feature analysis
  • Carbon Footprint Analysis
  • Patents
  • Supplier Management

The main parameters analyzed in this section:

  • Company Profile
  • total turnover
  • profit margins
  • sales trends
  • Products Product Pricing
  • to analyze
  • Sales and distribution channel industry

Territorial division:

  • North Amarica
  • Latin america
  • Europe
  • Middle East and Africa
  • Asia Pacific

The main points covered in this section

  • Regional Contribution
  • Estimated revenue generation
  • Vital data and information on the rate of consumption across all major regional sectors
  • An expected increase in market share
  • The expected growth in the overall consumption rate

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Highlights report:

  • Along with providing a vivid description of the global Internet of Things construction business and its core operations, the latest report provides industry chain analysis and listing current and future market trends and growth opportunities.
  • The report includes information on current and historical market scenarios, which helps to forecast market conditions over the next eight years (2020-2028).
  • The report discusses the main factors influencing the growth of the market in the near future.
  • Strategic marketing recommendations and important information regarding new entrants to the market and expansion plans of different companies are prepared to provide the reader with a competitive advantage in the market.

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