IoT in Construction Market is set for Rapid Growth and Demand by 2027: Exclusive Report by PMI

The IoT in construction is rapidly gaining traction owing to the advent of the fourth industrial revolution. The internet of things in the construction industry enables real-time monitoring of equipment and site, data storage, and remote accessibility. The technological advancements in the field of IoT and emerging players in the industry are fueling the growth of the IoT in construction market. The North American region is likely to experience robust growth in the forecast period owing to rapid technology adoption and a large number of vendors in the region.

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Key Players:

1. DroneDeploy, Inc.
2. EquipmentShare.com, Inc.
3. IOT Factory
4. Orange Business Services
5. Pillar Technologies Inc.
6. Rapidsoft Technologies Pvt. Ltd.
7. Sigfox
8. Triax Technologies, Inc.
9. Trimble Inc.
10. Unearth Labs

The IoT in construction market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of internet of things and its increased penetration in the construction sector. Significant reduction in costs is yet another factor fueling the market growth. However, the sluggish growth of the construction sector may hamper the growth of the IoT in construction market during the forecast period. On the other hand, the incorporation of artificial intelligence and machine learning offers significant opportunities for the IoT in construction market in the future.

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Points Covered in the Report:

  1. The pivotal aspects considered in the Global IoT in Construction Market report consist of leading competitors functioning in the global market.
  2. The report encompasses company profiles prominently positioned in the global market.
  3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
  4. The driving factors for the growth of the Global IoT in Construction Market are explained exhaustively, along with an in-depth account of the end users in the industry.
  5. The report also explains critical application areas of the global market to readers/users.
  6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global IoT in Construction Market.
  7. The report on the Global IoT in Construction Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying IoT in Construction Market Report:

  • The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
  • It also presents an in-depth view of different factors driving or restraining the growth of the global market.
  • The Global IoT in Construction Market report provides a five-year forecast derived on the basis of the potential growth of the market.
  • It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

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