Global Artificial Intelligence (AI) in Construction Market Insights and Forecast to 2028

SKU ID : QYR- 19896205

Publishing Date : 06-Jan-2022

No. of pages : 92

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  • Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.
    Artificial intelligence has evolved with improved safety standards and assist in predicting hazards at construction sites before they take place. Therefore, the construction companies have leveraged the artificial intelligence technology in terms of predictive maintenance and risk management solutions. Also, the AI in the construction industry is highly adopted for the development of industrial internet of things (IIoT) based applications for construction sites. IIoT assists project managers with efficient outputs and reduced labor costs, which boosts the demand for artificial intelligence in the industry. Construction companies are focusing on investments in IIoT applications development to implement industry 4.0 and support full automation at their job sites.
    The Artificial Intelligence (AI) in Construction industry can be broken down into several segments, Solution, Service, etc.
    Across the world, the major players cover Autodesk, IBM, Microsoft, etc.
    Market Analysis and Insights: Global Artificial Intelligence (AI) in Construction Market
    The global Artificial Intelligence (AI) in Construction market size is projected to reach US$ 6925.4 million by 2028, from US$ 1019.9 million in 2021, at a CAGR of 31.1% during 2022-2028.
    In the global companies about the artificial Intelligence (AI) in construction, the IBM had the maximum market share with over 32% in 2019.
    Between the two types of breakdown about artificial Intelligence (AI) in construction, the solution held more market share with around 67% in 2019.
    With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Artificial Intelligence (AI) in Construction market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Artificial Intelligence (AI) in Construction market in terms of revenue.
    Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Artificial Intelligence (AI) in Construction market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Artificial Intelligence (AI) in Construction market.
    Global Artificial Intelligence (AI) in Construction Scope and Market Size
    Artificial Intelligence (AI) in Construction market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Artificial Intelligence (AI) in Construction market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
    Segment by Type
    Solution
    Service
    Segment by Application
    Project Management
    Field Management
    Risk Management
    Schedule Management
    Other
    By Company
    Autodesk
    IBM
    Microsoft
    Oracle
    SAP
    By Region
    North America
    United States
    Canada
    Europe
    Germany
    France
    UK
    Italy
    Russia
    Nordic Countries
    Rest of Europe
    Asia-Pacific
    China
    Japan
    South Korea
    Southeast Asia
    India
    Australia
    Rest of Asia
    Latin America
    Mexico
    Brazil
    Rest of Latin America
    Middle East & Africa
    Turkey
    Saudi Arabia
    UAE
    Rest of MEA

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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