Global IoT in Construction Industry Forecast up to 2024

  • 64

  • 43

  • 22

  • 3 / 0
    Regions/ Countries

  • 11

  • 10
    Enquiry Hours

There are several industries where IoT can be of great influence and construction industry is one among them. Some of the major areas where IoT could be deployed in construction industry are remote support and operation, equipment servicing, fleet management, fuel savings, and for BIM (building information modeling). With the implementation of IoT systems, the construction companies can save time and cost.

Global IoT market in construction industry is categorized based on the presence of diversified small and large vendors. As large players such as Cisco and Caterpillar are increasing their footprint, small vendors are competing with them in the global market by maintaining competitive pricing and customized product offering. By entering into alliances and strategic partnerships with other players in the market, the global vendors are expected to grow further during the forecast period.

According to Infoholic Research, the global IoT in construction industry will grow at a CAGR of 35.98% during the forecast period 2017–2024. The aim of this report is to define, describe, and forecast the IoT in construction market on the basis of segments, which include products, applications, and regions. In addition, it helps venture capitalists in understanding the companies better and make well-informed decisions. It is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.

The IoT in Construction Industry is categorized based on three Segments – Products, Applications, and Regions.

IoT in Construction Industry Market by Products

  • Hardware
  • Software
  • Services

IoT in Construction Industry Market by Applications 

  • Safety
  • MRO
  • Remote operationsa
  • Fleet management

IoT in Construction Industry Market by Regions

  • Americas ( Americas include North America and Latin America)
  • EMEA ( EMEA includes Europe, Middle East and Africa )
  • APAC ( APAC include East Asia, South Asia, Southeast Asia, and Oceania)

The report comprises an analysis of vendor profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views.

The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.

In the vendor profile section, for companies that are privately held, the financial information and revenue of segments will be limited.

The key players offering IoT solutions in construction industry globally include :

  • Cisco
  • Caterpillar
  • Sigfox
  • Wipro
  • DroneDeploy
  • Construction Robotics
  • Atlas RFID Solutions
  • Pillar Technologies
  • Losant
  • Trimble Group

1     Executive Summary 

2     Industry Outlook 

2.1        Industry Snapshot
2.1.1     Industry Overview
2.1.2     Industry Trends

3     Market Snapshot 

3.1        Total Addressable Market
3.2        Segment Addressable Market
3.2.1     PEST Analysis
3.2.2     Porter’s Five Force Analysis

4     Market Characteristics 

4.1        Market Evolution
4.2        Market Segmentation
4.3        Market Dynamics
4.3.1     Drivers Cost reduction in construction industry Growing need for data analytics in construction industry
4.3.2     Restraints Increasing government regulations on IoT Growing threat of cyber attacks
4.3.3     Opportunities Growing government support for construction industry
4.3.4     DRO – Impact Analysis

5     IoT in Construction Industry, By product 

5.1        Overview
5.2        Hardware
5.3        Software
5.4        Services

6     IoT in Construction Industry, By Application 

6.1        Overview
6.2        MRO
6.3        Safety
6.4        Remote Operations
6.5        Fleet Management

7     IoT in Construction Industry, By Geography 

7.1        Overview
7.2        Americas
7.3        EMEA
7.4        APAC

8     Competitive Landscape 

8.1        Competitor Analysis
8.2        Product/Offerings Portfolio Analysis
8.3        Market Developments
8.3.1     Expansions
8.3.2     Business Restructuring
8.3.3     Product Launches & Exhibitions

9     Vendor Profiles 

9.1        Cisco
9.1.1     Overview
9.1.2     Product Profile
9.1.3     Business Units
9.1.4     Geographic Revenue
9.1.5     Recent Developments
9.1.6     Business Focus
9.1.7     SWOT Analysis
9.2        Caterpillar
9.2.1     Overview
9.2.2     Product Profile
9.2.3     Business Units
9.2.4     Recent Developments
9.2.5     Business Focus
9.2.6     SWOT Analysis
9.3        Sigfox
9.3.1     Overview
9.3.2     Product Profile
9.3.3     Recent Developments
9.3.4     Business Focus
9.3.5     SWOT Analysis
9.4        Wipro
9.4.1     Overview
9.4.2     Product Profile
9.4.3     Business Units
9.4.4     Geographic Revenue
9.4.5     Recent Developments
9.4.6     Business Focus
9.4.7     SWOT Analysis

10  Companies to Watch for 

10.1     DroneDeploy
10.1.1  Overview
10.1.2  Product Profile
10.1.3  Analyst Opinion
10.2     Construction Robotics
10.2.1  Overview
10.2.2  Product Profile
10.2.3  Analyst Opinion
10.3     DAQRI
10.3.1  Overview
10.3.2  Product Profile
10.3.3  Analyst Opinion
10.4     Atlas RFID Solutions
10.4.1  Overview
10.4.2  Product Profile
10.4.3  Analyst Opinion
10.5     Pillar Technologies
10.5.1  Overview
10.5.2  Product Profile
10.5.3  Analyst Opinion
10.6     Losant
10.6.1  Overview
10.6.2  Product Profile
10.6.3  Analyst Opinion
10.7     Trimble Group
10.7.1  Overview
10.7.2  Product Profile
10.7.3  Analyst Opinion

11  Annexure 
11.1     Report Scope
11.2     Market Definition
11.3     Research Methodology
11.3.1  Data Collation & In-house Estimation
11.3.2  Market Triangulation
11.3.3  Forecasting
11.4     Study Declarations
11.5     Report Assumptions
11.6     Stakeholders
11.7     Abbreviations

12           Expert’s Views

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.