Market Insights
IoT in construction market is likely to witness an impressive CAGR of 16.7% during the forecast period. The demand for IoT in constructions is driven mainly by the increasing demand from power electronics end-use industry.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1151/IoT-in-construction-market.html#form
By Project Type
Based on the project type, the market is segmented as commercial and residential. The residential segment held the larger share of the market in 2019 and is expected to remain dominant during the forecast period. The higher share is attributed to the rising residential development in developing economies and increasing renovation activities in developed nations.
By Offering Type
Based on the offering type, the market is segmented as hardware, software, and services. The software segment accounted for the largest share in 2019, owing to the growing adoption of Building Information Modelling (BIM). The segment is expected to maintain its dominance during the forecast period as well.
By Application Type
Based on the application type, the market is segmented as safety management, remote operations, predictive maintenance, fleet management, and others. The remote operations segment accounted for the largest share in 2019, on account of the rising utility in residential as well as commercial constructions and it is likely to lead the market during the forecast period as well.
Regional
In terms of regions, North America is projected to be the largest market for IoT in construction during the forecast period. The North American market is expected to expand with a lucrative CAGR due to the presence of dominant market players, and growing investment in infrastructure and construction projects in the region.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The IoT in Construction Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176