Artificial intelligence in the construction industry has progressed in parallel with shifting trends in design, planning, and building structures. The construction industry's use of technology has made work more efficient and building projects and structures safer. The construction sector's embrace of artificial intelligence has made the business more inventive while also lowering costs. It is used to modify work schedules in order to increase worker safety and keep construction sites under monitoring.This growth is primarily driven by Growing Demand for Building info System, Security Sensors and Machine Telematics and Demand to Build Building Smarter, Cheaper, and More Efficient.
Globally, a noticeable market trend is evident Digitalization of Technologies Such as Mapping, Aerial Imagine, and Drones. Major Players, such as 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 (United Kingdom), Autodesk (United States), Building System Planning (United States) and Beyond Limits (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 06 May 2021, Procore Technologies, Inc. announced the acquisition of Indus.AI. This acquisition expands the Procore platform's computer vision capabilities, allowing owners, general contractors, and specialized contractors to improve efficiency, safety, and profitability. Procore's investment in analytics and AI improve its intelligence system, allowing clients to unlock the value of their project data through strong insights that allow for smarter, data-driven choices.
- Growing Demand for Building info System, Security Sensors and Machine Telematics
- Demand to Build Building Smarter, Cheaper, and More Efficient
- Digitalization of Technologies Such as Mapping, Aerial Imagine, and Drones
- Lack of Skilled and Knowledgeable Professionals
OpportunitiesRapid Movement of People from Village to Cities for Better Amenities
ChallengesSlow Adoption Rate and Complexity of the Algorithm
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Artificial Intelligence in Construction Study Sheds Light on The Artificial Intelligence in Construction Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Artificial Intelligence in Construction industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Intelligence in Construction industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What is the growth rate predicted for the Global Artificial Intelligence in Construction Market?
The Artificial Intelligence in Construction market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Artificial Intelligence in Construction Market?
Top performing companies in the Global Artificial Intelligence in Construction market 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 (United Kingdom), Autodesk (United States), Building System Planning (United States) and Beyond Limits (United States), to name a few.
3. Which region dominated the worldwide market for Artificial Intelligence in Construction in 2020?
is dominating the Artificial Intelligence in Construction Market.