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.
1. DroneDeploy, Inc.
2. EquipmentShare.com, Inc.
3. IOT Factory
4. Orange Business Services
5. Pillar Technologies Inc.
6. Rapidsoft Technologies Pvt. Ltd.
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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- The pivotal aspects considered in the Global IoT in Construction Market report consist of leading competitors functioning in the global market.
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- The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
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- The report also explains critical application areas of the global market to readers/users.
- 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.
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