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. Advancements within the fields of sensors technology, embedded code, property tools, and machinery related to IoT in construction industry offers preventive maintenance along with more advanced benefits and operational features. Predictive maintenance technologies are increasingly being adopted in the construction industry to track the state or status of heavy equipment and monitor fuel consumption of a machines and vehicles in order to gain clear insights regarding overall performance and efficiency. These factors are driving steady demand for IoT technology in the construction industry. Rising need to ensure improved safety of workforce and personnel and to enhance productivity is also resulting in increasing adoption of wearables in the construction industry. Some include devices such as smart watches, AR googles, and smart helmets. Microsleep prevention, smart monitoring of hazardous gases, and fall prevention are some advantages of wearables, of which adoption has been increasing steadily in the construction industry in the recent past.
Some of the key factors driving the growth of the global Internet of Things in Construction market include expanding RD efforts to develop novel Internet of Things in Construction products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
Receive the Sample Report of Internet of Things in Construction market Research Insights 2022 to 2030 @ https://www.emergenresearch.com/request-sample/714
Effect of COVID-19 on the global market for Internet of Things in Construction
The COVID-19 pandemic had a significant negative influence on the market for Internet of Things in Construction in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Internet of Things in Construction were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Internet of Things in Construction in 2020. Additionally, demand for Internet of Things in Construction decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Internet of Things in Construction market : Competitive Landscape
The prominent players operating in the Internet of Things in Construction market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Internet of Things in Construction market .
Some of the prominent players operating in the market are:
Caterpillar Inc., Autodesk, Oracle Corporation, Trimble, KORE Wireless Group, WorldSensing, Giatec Scientific Inc., Losant IoT, Sigfox, and CalAmp
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/internet-of-things-in-construction-market
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Internet of Things in Construction market ?
What are the key factors driving the Global Internet of Things in Construction market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Internet of Things in Construction market ?
Who are the distributors, traders, and dealers of Internet of Things in Construction market ?
What are the Internet of Things in Construction market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
Get PDF of Sample Copy @ https://www.emergenresearch.com/request-sample/714
Segments Covered in this report are:
Components Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Hardware
- Services
Application Outlook (Revenue, USD Billion; 2018–2028)
- Fleet Management
- Predictive Management
- Safety Management
- Remote Operations
- Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Commercial
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/714
Regional Bifurcation of the Internet of Things in Construction market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Directly Purchase Internet of Things in Construction market Reports @ https://www.emergenresearch.com/select-license/714
Explore More Emergen Research Blog :
https://ma.by/away.php?url=https://www.emergenresearch.com/industry-report/radar-systems-market
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Latest Reports: Botulinum Toxin Market | Dermocosmetics Market
