Internet of Things (IoT) in Construction Market
The global Internet of Things (IoT) in construction market size is expected to reach USD 26.79 Billion in 2028 and register a robust revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth rate can be attributed to increasing adoption of Internet-connected device in the construction industry to address common workplace concerns. The construction industry is increasingly deploying IoT technology in order to overcome flat productivity, more schedule overruns, decreased margins, and increasing competition in the industry.
The report has been formulated through extensive primary and secondary research along with a breakdown of the information to offer an exhaustive analysis of the Internet of Things (IoT) in Construction market. The data includes accurate market insights, essential market facts, and key statistical information further validated by the industry experts that help readers get a complete idea of the Internet of Things (IoT) in Construction industry.
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Some Key Highlights From the Report
Internet of Things (IoT) in Construction Market Segmentation:
Emergen Research has segmented the global Internet of Things (IoT) in construction market on the basis of components, application, end-use, and region:
Regional Segmentation of the Market:
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Major Objectives of the Study:
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. IoT in Construction Market Segmentation & Impact Analysis
4.1. IoT in Construction Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rapid urbanization and growth in construction industry in developing countries
4.2.2.2. Rising need for IoT-based automation for enhanced productivity
4.2.2.3. Increasing labor shortage
4.2.2.4. Rising need to enhance safety and security issues
4.2.2.5. Growing trend of digital construction
4.2.2.6. Emergence of AI and ML in construction sector
4.2.3. Market restraints analysis
4.2.3.1. Data security and privacy issues
4.2.3.2. High initial investment
4.2.3.3. Disruptions in the construction industry due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. IoT in Construction Market By Components Insights & Trends, Revenue (USD Billion)
5.1. Components Dynamics & Market Share, 2021 & 2028
5.1.1. Software
5.1.2. Hardware
5.1.3. Services
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