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Jan. 15, 2021, 10:32 a.m. EST

IoT in Construction Market Size 2021 Global Industry Trends, Revenue Growth Development, Future Demands, Business Opportunities, Future Strategies, Challenges, Regional Outlook & Forecast to 2028

Improved worker safety, automated work flow along with its ability to provide site monitoring and fleet management is anticipated to considerably upsurge the technology demand on the coming years. The global IoT in Construction market size is anticipated to reach around USD 13 billion by 2025.

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Jan 15, 2021 (The Expresswire) -- IoT in Construction Market Remains Lucrative with Ample Growth Opportunities across APAC

The global IoT in Construction market size is anticipated to reach around USD 13 billion by 2025. IoT is the interconnected system of equipment, machines which collects, and transfer data through between them without human involvement.

IoT in construction space has been witnessing favorable adoption rates in recent years driven by multiple advantages such as cost management, safety as well as waste management. Adroit Market Research in its recent research document highlights sweeping alterations in global IoT in construction market and answers some of the pressing investment concerns aligning with reader interest.

Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/1333

IoT enabled construction activities are observing multi-faceted leaps as remote operations, safety efficacies, fleet organization and predictive maintenance capabilities are witnessing easy inclusion in the construction and building industries.

IoT enables the interconnection of devices to share and analyze the data in order to optimize the process and enhance productivity, which in turn positively impacts the performance of the industry. Rising human safety concerns along with increasing focus toward reducing construction time, equipment tracking and improving maintenance scheduling is driving the technology adoption. Furthermore, its capability to offer precise construction management, real-time tracking and fleet management, along with waste and structural health management is poised to complement the industry size over the forecast timeframe.

Need for Sensor-based Predictive Maintenance of Construction Tools Fuels Adoption

Emerging countries are especially dominating large scale embracement of IoT in building operations. Regions such as APAC and other south east Asian countries are investing enormously towards residential and corporate construction activities, thereby favoring expansion in IoT in construction space. Countries particularly Japan and China are estimated remain at the fore front in IoT based construction activities through the forecast span.

Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/iot-in-construction-market

One of the most prominent applications of IoT in construction industry is towards preventive maintenance. Repairs of instruments, tools and machinery are now being increasingly managed by IoT integration as builders are favoring predictive maintenance backed by sensor technology as opposed to corrective maintenance. On-site tracking is one of the most crucial features of IoT based construction. It aids in quick evacuation processes during emergencies and crisis with real time tracking of on-field workers. Real time tracking of the labors also helps in easy calculation of labor hours. Besides ensuring productivity and on job safety, IoT in construction also ensures high levels of productivity with steadfast project delivery and maintaining adequate supply of goods. As urban dwellings continue to rise at the backdrop of migrating rural populace, scope of growth in IoT in construction market is likely to remain optimistic.

Europe is anticipated to hold a substantial share over the forecast timeframe. Rising advancement across the whole value chain of various industries along with increasing integration of digital technology in order to enhance productivity is stimulating the industry size. Government focus toward adoption of Net Zero Emission Building (NZEB) along with minimum energy consumption, which is attainable through IoT is expected to fuel the technology adoption over the forecast timeframe.

The major players of the global IoT in Construction Industry market comprise of Sigofex, Oracle Corporation, Caterpillar Inc., Giatec Scientific, Inc., Losant IoT, WorldSensing and CalAmp Corp., including others., including others. The industry for IoT in Construction Industry is constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.

Enquire for in-depth information before buying this report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1333

Segment overview of IoT in Construction Industry market

Project Type Overview, 2018-2025, (USD Billion)

  • Residential

  • Commercial

Offering Overview, 2018-2025, (USD Billion)

  • Software

  • Services

  • Hardware

Application Overview, 2018-2025, (USD Billion)

  • Safety Management

  • Remote Operation

  • Predictive Maintenance

  • Fleet Management

  • Others

Regional Overview, 2018-2025, (USD Billion)

  • North America

  • S.

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • Italy

  • Rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • Rest of Asia-Pacific

  • Rest of the World

Table of Contents:

Chapter 1 Introduction

1.1 Introduction to the Study

1.2 Market Definition and Scope

1 2
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