Artificial Intelligence in Construction Market 2018-2025


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2019-01-12 09:38:43
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Artificial Intelligence (AI) in Construction Market is Projected to Mask a Remarkable CAGR of 9.6% over the Forecast period.

Research Methodology:

Research Methodology:

Primary research: Interviews of various industry experts and supplement this with the best secondary sources for each study. The break-up of primary research is as follows:

By Company Type-  Tier 1: 40%, Tier 2: 32% & Tier 3: 28%

By Designation: C-Level Executives: 38%, Directors: 24% & Managers: 28%.

By Region- North America: 27%, Europe: 22%, Asia Pacific:30%, Rest of World:21%

Secondary research: Secondary sources and exclusive data and analytics with in-depth reporting.

Data Triangulation: After gaining insights from primary and secondary research, the research team analyzes data about the latest trends and key issues in reference to each country and industry and present it in report.

 

Market Segmentation:

By Offerings:

Solutions

Design and planning

Revenue estimation

Virtual assistant

Demand forecasting

Predictive maintenance

Others

Services

Integration and deployment

Training and consulting

Support and maintenance

 

By Technology:

Machine learning and deep learning

Natural Language Processing (NLP)

By Stage:

Pre-construction

Construction stage

Post-construction

By Application:

Project management

Field management

Risk management

Schedule management

Supply chain management

Others

By Organization Type:

Large Enterprises

Small and Medium-Sized Enterprises

By Deployment Type:

Cloud

On-premises

Regional Segmentation:

North America (U.S. & Canada), Europe (Germany, UK, France, Italy, Spain, Russia, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Singapore, Australia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America) and Middle East & Africa (GCC, South Africa, North Africa and Rest of Middle East & Africa)

Market Size & Forecast:

The market of Artificial intelligence (AI) in construction is flourishing at a CAGR (Compound Annual Growth Rate) of 9.6% over the forecast period. The market is estimated to reach at an exponential value of USD 3236.8 Million at the end of 2025.

Regionally, North America region dominated the market of artificial intelligence (AI) in construction in 2017. Apart from this, Asia-Pacific and Middle East & Africa region are likely to post the considerable CAGR of over the forecast period.

Market Drivers, Trends, Opportunities and Restraints:

Drivers:

Upsurge demand for more safety measures at construction spots and the abilities of AI solutions and services to diminish the production costs are believed to bolster the growth of artificial intelligence (AI) in construction market.  

Research Scope

- Overview of Main Industry Events and Analysis of Their Market Impact

- Executive Summary

- Market Drivers, Trends, Challenges and Opportunities

- Market Size and Forecast Projections

- Estimating Market Access in Each Region and Implications of the Emerging Technologies in the Market

- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market

- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities

- BCG Growth Share Matrix

- Porter’s Five Force Analysis

 

Reasons to Buy

The report will facilitate you to:

- Cultivate and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.

- Develop business tactics by understanding the trends molding and thriving the market.

- Drive revenues by considering the vital trends, pioneering products and technologies, market segments and companies likely to impact the market in the future.

- Formulate effective sales and marketing strategies by examining the competitive landscape and by evaluating the performance of various competitors.

- Recognize emergent players with potentially strong product portfolios and develop effective counter-tactics to gain a competitive advantage.

- Unify your sales and marketing labors by recognizing the market segments that present utmost opportunities for consolidations, investments and strategic partnerships.

Market Players:

Autodesk, Inc., Building System Planning, Inc., Smartvid.io, Inc., Komatsu Ltd., NVIDIA Corporation, Doxel Inc., Volvo AB, and Dassault Systemes SE, are some of the major players dominating the artificial intelligence (AI) in construction market globally.

 

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