Internet of Things (IoT) in Construction Market Anticipating the Future: Market Forecast and Size Analysis for 2030

The Internet of Things (IoT) in Construction Market size is expected to grow from USD 12.3 Billion in 2022 to USD 41.91 Billion by 2030, at a CAGR of 16.56% during the forecast period.

The application of Internet of Things (IoT) technology in the construction sector is referred to as the "Construction Market" IoT. It entails gathering and exchanging data from construction sites, machinery, and equipment via the use of sensors, devices, and networking solutions. In the construction industry, IoT seeks to boost operational effectiveness, monitor equipment performance, improve safety, and improve project management. In the construction industry, it is essential for streamlining procedures, cutting expenses, and guaranteeing better decision-making through real-time data insights.

Top Key Players Covered In Global Internet of Things (IoT) in Construction Market

Autodesk Inc (US), Losant IoT (US), HMS Networks (Sweden), Pillar Technologies Inc. (US), Oracle Corporation (US), Sigfox (France), Hexagon AB (Sweden), CalAmp (US), Topcon Corporation (Japan), WorldSensing (Spain), Hilti Corp (Liechtenstein), Buildings IOT (US), Trimble Inc. (US), Arkance Systems (France), Brickeye (Canada), Kore Wireless (US) and Other Major Players

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The global Internet of Things (IoT) in Construction market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Internet of Things (IoT) in Construction market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Internet of Things (IoT) in Construction Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Internet of Things (IoT) in Construction market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.

Segmentation Analysis of The Internet of Things (IoT) in Construction Market

The Internet of Things (IoT) in Construction market is segmented based on Solution, Application, and Project Type.

By Solution

  • Hardware
  • Software
  • Services

By Application    

  • Remote Operations
  • Machine Control
  • Safety Management
  • Predictive Maintenance
  • Fleet Management
  • Others

By Project Type  

  • Residential
  • Non-residential

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Regional Analysis Of Internet of Things (IoT) in Construction Market

The Internet of Things (IoT) in the construction industry is dominated by North America, which is expected to grow at a significant compound annual growth rate (CAGR) due to the presence of numerous corporations with headquarters located in the US and Canada, such as Autodesk, Inc., CalAmp Crop, and Oracle Corporation, among many others. These large market players are opulent and are continuously transforming the tech industry. North America is currently the second-largest IoT consumer in the construction industry, mostly due to the market players' rapid adoption of new and innovative technologies in both the American and Canadian markets.

By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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