Global Connected Construction Site
Market Report
2024
The Global Connected Construction Site market size will grow at a compound yearly growth rate (CAGR) of 11.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global connected construction site market size will grow at a compound yearly growth rate (CAGR) of 11.20% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Connected Construction Site Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.2% |
Market Split by Deployment |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Connected Construction Site industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Connected Construction Site Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The increased adoption of technology and digital solutions in the construction industry is boosting market growth. The growth of the market is propelled by the industry's increasing recognition of the potential to reduce project delays, improve resource allocation, optimize supply chain management and enhance overall safety through digital connectivity.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Connected Construction Site industry.
For instance, NZ Strong, Kiwi Construction established a connected construction site employing Microsoft, AsBUILT and the Spark technology. On the Microsoft Azure-based AsBUILT Vault, which is a digital twin of Wynyard 100 site employs IoT sensors, geolocation, and 3D camera images to enhance worker safety and connect all partners to supervise project management.
(Source:news.microsoft.com/en-nz/2020/01/28/the-first-ever-connected-construction-site-in-new-zealand/)
A significant market driver for connected construction sites has been the increased adoption of smart technologies and smart devices in the construction industry. The integration of IoT and connected devices into construction sites has the ability to revolutionize traditional construction processes, leading to improved efficiency, safety, and productivity.
A study by IDC found that the adoption of smart technologies in the construction industry is growing at a compound yearly growth rate of 15%, and 70% of construction companies are planning to invest in smart technologies.
IoT devices like sensors, cameras and wearables can be deployed across construction sites to gather real-time data on different aspects, including equipment performance, worker activities, environmental conditions and material usage. The IoT-enabled devices allow construction managers and stakeholders to remotely monitor and manage construction sites., which is beneficial for large-scale projects or sites located in remote areas, reducing the need for physical presence and enabling timely interventions when issues arise. IoT-integrated devices have enhanced safety, supply chain optimization, automation and efficiency and save the cost of the overall process.
The initial investment required for implementing connected construction technologies, inclusive of software, hardware and training, can be significant. The construction companies, mainly smaller ones, might hesitate to invest because of budget constraints and uncertainty about the return on investment. Further, the integration of different connected solutions and technologies can be complex. Construction projects involve a multitude of systems, processes and stakeholders, making seamless integration a challenge. Compatibility issues between different software and hardware components can hinder implementations. The data security and privacy concerns and all the above factors are impacting the growth of the market.
Covid-19 necessitated remote work for many industries, including construction. This highlighted the importance of digital tools and platforms for remote collaboration. The companies offering connected construction solutions saw increased demand for their platforms to facilitate communication and project management among dispersed teams. The pandemic acted as a catalyst for the digitization of construction materials and equipment. Lockdowns, travel restrictions and safety concerns led to labor shortages in some regions. This technology could help mitigate the impact of reduced workforce availability by providing remote monitoring and automated machinery. The delay in the projects due to the pandemic was minimized, and the cost was controlled with connected construction solutions.
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The market for connected construction site has a very active and diverse competitive environment. It comprises various connected construction site providers, from significant multinational corporations to smaller specialized organizations. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions in connected construction site.
December 2021: A Panamanian construction company, Termotex, increased its revenue by 2,000% after investing in the connected construction technology. A completely connected site can provide a construction company with a complete picture of a project from start to end so that the real-time data can be utilized to stay on top of the design changes, project progress and completion deadlines.
October 2021: Trimble and Microsoft collaborated in order to increase the technology adoption and speed up the digital transition of the construction industry. They will create, build and deliver connective industry cloud platforms and solutions with Microsoft Cloud. They will begin with aiming on the Trimble Construction Cloud, powered by Microsoft Azure.
Top Companies Market Share in Connected Construction Site Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 and accounted for the largest share of global revenue due to several variables. The North American region dominates the market for connected construction sites. The region has been a hub of technological innovation, with several tech companies and startups focusing on construction technology, leading to the development of advanced solutions for connected construction sites. The region has a large construction industry, providing opportunities for the implementation of connected construction technologies. The strong economy of the region, presence of well-defined regulatory environments, awareness and education, huge investments made by the government, high number of research and collaboration and being the early adopter put the region in a top position.
According to Cognitive Market Research, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in the North American area. Its dominance in the thriving ecosystem of technology companies specializing in construction-related innovations and the increasing government initiatives and regulations, providing supportive policies, tax incentives and regulatory frameworks, encourages the adoption of digital construction solutions, creating a conducive environment for companies to invest in these technologies.
The Asia Pacific region is experiencing robust growth in the connected construction site market, driven by a combination of technological advancements, increasing infrastructure development, and a growing awareness of the benefits of digitization within the construction industry. Countries in this region are swiftly adopting connected construction technologies to address the challenges of urbanization, population growth and demand for sustainable infrastructure. The government and industry stakeholders are recognizing the potential of these technologies to enhance efficiency, reduce costs, and improve overall project outcomes. The surge in smart city initiatives and large-scale infrastructure projects is making the region witness a surge in demand for solutions like Building Information Modeling (BIM), IoT devices, real-time monitoring systems and data analytics platforms.
The current report Scope analyzes Connected Construction Site Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Connected Construction Site Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Connected Construction Site Industry growth. Connected Construction Site market has been segmented with the help of its Deployment, End Use , and others. Connected Construction Site market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the SaaS category has the largest revenue share as it delivers standardized functionality, with role-based the user accounts controlling access and cthe entralized management of an organization's systems. SaaS allows organizations to minimize the costs of deploying and maintaining connected construction sites because of the absence of physical servers needed on-premise. SaaS also provides users access from any location over a simple clicks, which is one of the key reasons for boosting the growth of this category.
On-premise is the second-most popular deployment, as most of the construction companies prefer on-premise solutions due to concerns about data security and control. The on-premise solutions do not rely heavily on constant internet access, ensuring that operations and data collection can continue even in challenging network environments and the on-premise solutions. The regulatory requirements of certain construction projects can be easily met with on-premise solutions. On-premise deployments typically involve higher upfront costs for hardware, maintenance and infrastructure, but most of the organizations find it more cost-effective in the long run.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Connected Construction Site Industry. Request a Free Sample PDF!
The large construction company category dominates the market in terms of revenue share. A connected construction site is the future of the architecture, construction and engineering industry. Large construction companies profit from integrated workflows and seamless transfer of the data from one project phase to the next since they have larger capital to invest in the technologies and manage more projects with fewer perceived risks. Further, large companies tend to have well-established brand names and a strong presence in the construction industry; this increases the trust of potential clients who are looking for reliable solutions. They have the capacity to customize their solutions to fit the specific needs of clients.
According to Cognitive Market Research, small and medium-sized construction companies are experiencing growth. Many smaller construction companies are finding that connected construction technologies are becoming more affordable and accessible. In the competitive industry, adopting connected construction technologies can give smaller companies a competitive edge, helping streamline processes, improve efficiency and reduce errors. This technology can offer better visibility into the project progress and resource allocation, leading to better resource utilization. Connected construction tools facilitate better communication and collaboration among team members, stakeholders, and subcontractors.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Connected Construction Site Market is witnessing significant growth in the near future.
In 2023, the On-Premise segment accounted for noticeable share of global Connected Construction Site Market and is projected to experience significant growth in the near future.
The Small and Medium Construction Companies segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies HPE , Deloitte and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Deployment | On-Premise, SaaS |
End Use | Small and Medium Construction Companies, Large Construction Companies |
List of Competitors | HPE, Microsoft The B1M, Deloitte, Megan Installations, Brown & Read Engineering, Termites, FalconViz, SmartBarrel, Kalima Systems, Oracle, WakeCap Technologies, Trimble, T-matrix Construction Solution, Telia, Rockwell Automation Inc, Capgemini Service SAS, Brain & Company, Bosch Software Innovations GmbH, Intel Corporation, IBM Corporation, Tech Mahindra Limited, Enghouse Interactive |
This chapter will help you gain GLOBAL Market Analysis of Connected Construction Site. Further deep in this chapter, you will be able to review Global Connected Construction Site Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Deployment Analysis 2019 -2031, will provide market size split by Deployment. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Deployment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Connected Construction Site market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why On-Premise have a significant impact on Connected Construction Site market? |
What are the key factors affecting the On-Premise and SaaS of Connected Construction Site Market? |
What is the CAGR/Growth Rate of Small and Medium Construction Companies during the forecast period? |
By type, which segment accounted for largest share of the global Connected Construction Site Market? |
Which region is expected to dominate the global Connected Construction Site Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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