Quick Summary:
In an era defined by rapid technological advancement, no industry remains unaffected, including the construction sector. The global Internet of Things (IoT) in Construction market is a burgeoning field projected to reach astounding figures of $54.9 Billion by 2030. From project management to tracking, IoT is revolutionizing how the construction industry operates, offering unparalleled benefits that contribute to increased efficiency, productivity, and safety.
Purchasing this comprehensive report on IoT's impact on the construction sector provides you with unparalleled access to critical market data and insights. The unique analysis within this report covers the vast scope of the market, from software and hardware growth metrics to geographical variances in market behavior. Furthermore, the report features 37 competitors currently shaping the industry landscape. Your investment in this report culminates in access to our online collaborative platform, interactive updates, and exclusive digital archives – a continuous source of updated information on this transformative market.
Global Internet of Things (IoT) in Construction Market to Reach $54.9 Billion by 2030
The global market for Internet of Things (IoT) in Construction estimated at US$17.4 Billion in the year 2022, is projected to reach a revised size of US$54.9 Billion by 2030, growing at a CAGR of 15.4% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 16.4% CAGR and reach US$28.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 15.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 14.6% CAGR
The Internet of Things (IoT) in Construction market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2030 trailing a CAGR of 14.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 12.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.Select Competitors (Total 37 Featured) -
- Autodesk Inc.
- Calamp Corp.
- Caterpillar Inc.
- Dronedeploy
- Giatec Scientific Inc.
- Hitachi, Ltd
- IoT Factory
- Iotium
- Kore Wireless
- Longview IoT
- Losant IoT
- Oracle Corporation
- Pillar Technologies, Inc.
- Procore Technologies, Inc.
- Sigfox
- Smartbarrel
- Tenna
- Trimble Inc.
- Wakecap Technologies
- Worldsensing
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Internet of Things (IoT) in Construction?
What is the growth rate of the Global Market for Internet of Things (IoT) in Construction?
What is the forecasted size of the Global Market for Internet of Things (IoT) in Construction?
Who are the key companies in the Global Market for Internet of Things (IoT) in Construction?
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | October 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 17.4 Billion |
Forecasted Market Value ( USD | $ 54.9 Billion |
Compound Annual Growth Rate | 15.4% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Autodesk Inc.
- Calamp Corp.
- Caterpillar Inc.
- Dronedeploy
- Giatec Scientific Inc.
- Hitachi, Ltd
- IoT Factory
- Iotium
- Kore Wireless
- Longview IoT
- Losant IoT
- Oracle Corporation
- Pillar Technologies, Inc.
- Procore Technologies, Inc.
- Sigfox
- Smartbarrel
- Tenna
- Trimble Inc.
- Wakecap Technologies
- Worldsensing