Global IoT in Construction Markets, 2017-2019 & 2024 - Industry will Grow at a CAGR of 35.98% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 28, 2019--The “Global IoT in Construction Industry Forecast up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017-2024.
There are several industries where IoT can be of great influence and construction industry is one among them. Some of the major areas where IoT could be deployed in construction industry are remote support and operation, equipment servicing, fleet management, fuel savings, and for BIM (building information modeling). With the implementation of IoT systems, the construction companies can save time and cost.
Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors. As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering. By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.
America is the largest contributor within the global IoT market in construction industry. The extent of adoption of IoT enabled devices is high in US and Canada. In America, the growth of IoT in construction sector is mainly attributed to the increasing use of IoT in modular construction and prefabricated building. Modular construction helps the construction companies to build smarter and greener buildings quickly. Companies can construct new buildings in half the time required as well as result in less wastage of resources compared to traditional methods.
Competitive Analysis and Key Vendors
Construction industry is one of the industries where IoT and digitalization are facing sluggish growth. However, features including data storage, remote access, and office-field data exchange are not new to the construction industry.
The industry is gaining attention among major IoT solution providers and is expected to witness increasing investments in IoT during the forecast period.
The report comprises of analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.
In the vendor profile section, for companies that are privately held, the financial information and revenue of segments will be limited.
Key Topics Covered:
1 Executive Summary
2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Overview
2.1.2 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segment Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
4 Market Characteristics
4.1 Market Evolution
4.2 Market Segmentation
4.3 Market Dynamics
220.127.116.11 Cost reduction in construction industry
18.104.22.168 Growing need for data analytics in construction industry
22.214.171.124 Increasing government regulations on IoT
126.96.36.199 Growing threat of cyber attacks
188.8.131.52 Growing government support for construction industry
4.3.4 DRO - Impact Analysis
5 IoT in construction industry, By product
6 IoT in Construction Industry, By Application
6.2 Remote operations
6.3 Fleet management
7 IoT in Construction Industry, By Geography
8 Competitive Landscape
8.1 Competitor Analysis
8.2 Product/Offerings Portfolio Analysis
8.3 Market Developments
9 Vendor Profiles
9.1.2 Product Profile
9.1.3 Business Units
9.1.4 Geographic Revenue
9.1.5 Recent Developments
9.1.6 Business Focus
9.1.7 SWOT Analysis
10 Companies to Watch for
10.1.2 Product Profile
10.1.3 Analyst Opinion
10.2 Construction Robotics
10.4 Atlas RFID Solutions
10.5 Pillar Technologies
10.7 Trimble Group
For more information about this report visit https://www.researchandmarkets.com/research/pgddk4/global_iot_in?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190328005368/en/
Laura Wood, Senior Press Manager
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Related Topics:Construction,Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY INTERNET CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 03/28/2019 05:16 AM/DISC: 03/28/2019 05:16 AM