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The IoT in construction is rapidly gaining traction owing to the advent of the fourth industrial revolution. The internet of things in the construction industry enables real-time monitoring of equipment and site, data storage, and remote accessibility. The technological advancements in the field of IoT and emerging players in the industry are fueling the growth of the IoT in construction market. The North American region is likely to experience robust growth in the forecast period owing to rapid technology adoption and a large number of vendors in the region.
Top Companies Covered in this Report:
- DroneDeploy, Inc.
- EquipmentShare.com, Inc.
- IOT Factory
- Orange Business Services
- Pillar Technologies Inc.
- Rapidsoft Technologies Pvt. Ltd.
- Triax Technologies, Inc.
- Trimble Inc.
- Unearth Labs
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What is the Dynamics of IoT in Construction Market?
The IoT in construction market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of internet of things and its increased penetration in the construction sector. Significant reduction in costs is yet another factor fueling the market growth. However, the sluggish growth of the construction sector may hamper the growth of the IoT in construction market during the forecast period. On the other hand, the incorporation of artificial intelligence and machine learning offers significant opportunities for the IoT in construction market in the future.
What is the SCOPE of IoT in Construction Market?
The “Global IoT in Construction Market Analysis to 2027” is a specialized and in-depth study of the IoT in construction market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT in construction market with detailed market segmentation by component, application. The global IoT in construction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT in construction market players and offers key trends and opportunities in the IoT in construction market.
What is the Market Segmentation?
The global IoT in construction market is segmented on the basis of component, application. On the basis of component, the market is segmented as solution, services. On the basis of application, the market is segmented as machine control, site monitoring, staff monitoring, fleet management, others.
What is the Regional Framework of Workplace Stress Management Market?
`The report analyzes factors affecting IoT in construction market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in construction market in these regions.
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