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IoT In Construction Market Report
The IoT in Construction Market is segmented by Project Type (Commercial, Residential), by Offering Type (Hardware, Software, and Services), by Application Type (Safety Management, Remote Operations, Predictive Maintenance, Fleet Management, and Others), and by Region (North America, Europe, Asia-Pacif...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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IoT in Construction Market – Snapshot |
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Growth |
16.7% for the next five years |
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Major Project Type |
Residential |
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Dominant Offering Type |
Software |
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Key Application Type |
Remote Operations |
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Region with the highest demand |
North America |
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Key Players |
Caterpillar Inc., Autodesk Inc., Oracle Corporation, Trimble Inc., Kore Wireless, Worldsensing, Giatec Scientific Inc., Losant IoT, Sigfox, and Calamp Corp. |
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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.
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.
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.
In terms of regions, North America is projected to be the largest market for IoT in constructions during the forecast period. The North American market is expected to expand with a lucrative CAGR due to presence of dominant market players, and growing investment in infrastructure and construction projects in the region.
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Some of the major players in the IoT in construction market are-
IoT is an abbreviation for Internet of Things. IoT in construction entails machine components bearing sensors to screen operating conditions, performance levels and physical states. In the construction industry, it is also called telematics.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market
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IoT in Construction Market Research Report – Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The IoT in Construction market is segmented into the following categories.
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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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The IoT in construction market is expected to witness an impressive growth of 16.7% CAGR in the foreseeable future.
Caterpillar Inc., Autodesk Inc., Oracle Corporation, Trimble Inc., Kore Wireless, Worldsensing, Giatec Scientific Inc., Losant IoT, Sigfox, and Calamp Corp are among the key players in the IoT in Construction Market.
North America is expected to be the largest IoT in construction market during the next five years.
The residential segment is expected to remain dominant in the IoT in construction market in the coming years.
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